boberic wrote:
What it comes down to is how well off are your heirs' If they don't need your money. spend it on yourself. The trick is to time it just right So that you don't compromise your life style. You always must remember--He who dies with the most toys wins.
I once had a brother two years older than me, a super over-achiever was he. He always had more toys than me, and hence ribbed me with that "saying" constantly. He's been gone now eight full years, and through all the tears it just seems to show, that he who dies with the most toys dies and the toy count "flies out of the window."
EdR
Loc: Gig Harbor, WA
Blaster34 wrote:
I'm currently spending my kids inheritance....
My kids and down to great grandkids will probably get the same inheritance I got. You work and earn it, then you can spend it.
Thank God for boats ! - LOL 8-)
..
EdR wrote:
My kids and down to great grandkids will probably get the same inheritance I got. You work and earn it, then you can spend it.
Sad thing is my father inherited a few million, still lived relatively frugally but could travel and do lots of things and new cars etc. Died a few months ago and left his children nothing. Two of them are struggling due to medical difficulties. All went to his church including real estate. Thank God my grandfather for some reason left me some properties including a house in Oak Creek Canyon and 5 acres in the canyon which I immediately sold and distributed to the siblings who really needed help.
Yes that would have made retirement much nicer but I felt very badly for them and how they got shafted.
Architect1776 wrote:
Are not most people on a fixed income?
No. Mines been broken for years, and I'm sure I'm not alone.
--
joer wrote:
You sell your boat of course.
My enthusiasm for boat/fishing has been waning for the last 3-4 years so its been sitting in the yard most of the time. Toyed with the idea of selling and finally got serious. As of last month...its gone and so are the fees and maintenance associated with ownership.
Additionally sold the D500 and a DX lens along with a couple of unused Nikon flashes. Not abandoning Nikon, just staying current. Love my D850 even though it has some niggles.
Been exploring the A6300 and got hooked...my A7R3 arrives Monday.
You sell your boat of course. br br My enthusias... (
show quote)
Financing GAS is, of course, the never ending question. When the D800 came out I really wanted it, but at that time our paycheck to paycheck finances were fairly tight, with our son still living with us and significant expenses there. I had, however, been collecting presidential dollar coins. As each one came out I would buy two rolls of each president. About the time that the D800 came out, they suspended the program. I deposited all $800 of my coins in the bank and used the money towards the 800.
boberic wrote:
What it comes down to is how well off are your heirs' If they don't need your money. spend it on yourself. The trick is to time it just right So that you don't compromise your life style. You always must remember--He who dies with the most toys wins.
I think the winner is the one who dies with a penny... perfect plan, if you know when you are going to die.
EdR, it was a generous thing for you to do-- to help your siblings. You may be worse off financially, but you have the satisfaction of knowing you did the right thing. Who needs all that fancy camera stuff anyway? It's what's in your heart, not the money in your pockets, that counts in the long run. -- Jackie
davyboy wrote:
Is that the attitude God would want you to display?
Not to start a debate but, absolutely! Like God, if you love your children give them discipline, humility and wisdom, not money.
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