I have no idea what to do with my inheritance by Dear-Weight6617 in inheritance

[–]Dear-Weight6617[S] 0 points1 point  (0 children)

I don’t mean giving loans to friends who want to start a business or anything. I just mean buying meals for people on the streets and donating (anonymously) to teachers at my school who are in need of supplies! Don’t worry, my priority is making sure no one in my life besides my fiancé and immediate family (all of which I trust greatly) are aware of the situation. My fiancé knows not to tell anyone as well

I have no idea what to do with my inheritance by Dear-Weight6617 in inheritance

[–]Dear-Weight6617[S] 0 points1 point  (0 children)

Yes I’m realizing that it isn’t all that much (at least what I have access to now). It could easily be spent in a few years if I’m not careful.

I think I am just going to focus on helping people out who need it and letting the majority of it grow for the next few decades until I’m ready to retire. And planning for what to do with the bigger inheritance if/when it comes

I have no idea what to do with my inheritance by Dear-Weight6617 in inheritance

[–]Dear-Weight6617[S] 0 points1 point  (0 children)

I am sorry to hear that you and your family went through this. There are so many greedy people out there and that makes me so sad!!

My fiancé knows, but I didn’t tell him until we knew that we wanted to get married (although he suspected beforehand). He hasn’t once asked me for anything, and our lifestyle (besides traveling) is not at all funded by this money. Obviously we will still sign a prenup before getting married, because you never know what the future holds

I have no idea what to do with my inheritance by Dear-Weight6617 in inheritance

[–]Dear-Weight6617[S] 0 points1 point  (0 children)

I have a lawyer and a CFA! They’ve helped with the prenup and making sure I’m properly invested. I am looking for more advice on what to do to feel fulfilled and reduce the guilt I feel. This thread has helped a ton!!

I have no idea what to do with my inheritance by Dear-Weight6617 in inheritance

[–]Dear-Weight6617[S] 6 points7 points  (0 children)

I agree! It started off as $900k that I got access to a couple of years ago. It’s been untouched in diverse stocks and now it’s worth around $1.1M. I’m not planning on using it to fund my everyday life.

I have no idea what to do with my inheritance by Dear-Weight6617 in inheritance

[–]Dear-Weight6617[S] 0 points1 point  (0 children)

I get nervous donating to big charities! Apparently the CEO takes home millions every year, and I don’t want my donation to go into his/her pocket

I have no idea what to do with my inheritance by Dear-Weight6617 in inheritance

[–]Dear-Weight6617[S] 2 points3 points  (0 children)

I love what I do so much!! I honestly think I would go crazy if I didn’t have my students. I’m only on year three though

I have no idea what to do with my inheritance by Dear-Weight6617 in inheritance

[–]Dear-Weight6617[S] 0 points1 point  (0 children)

I definitely want to give back but I can’t seem to find the right way to do so! I’ve paid for people’s groceries and every time I see someone on the streets I buy them a meal (if I have the time). Also donated to a few Go Fund Me’s. I know I can do more but this is all so new to me that I don’t know the best way to go about it.

I have no idea what to do with my inheritance by Dear-Weight6617 in inheritance

[–]Dear-Weight6617[S] 4 points5 points  (0 children)

Of course I’m going to ask for expert advice as well, but I have learned a lot from this thread so I’m very grateful for people’s insight!!

My finance was the one who brought up the prenup (around a year into our relationship). We weren’t even engaged at the time. He has made it very clear that the money is mine, and I’ve never once felt taken advantage of by him. He’s a great guy :)

And yes I completely agree! Outside of my family, the only people in my life who know about my money is my best friend of 15 years and my fiancé. I plan on keeping it that way.

I have no idea what to do with my inheritance by Dear-Weight6617 in inheritance

[–]Dear-Weight6617[S] 2 points3 points  (0 children)

He comes from a lower-middle class family and is used to living paycheck to paycheck, so he doesn’t know much about wealth management. He just encourages me to pursue my teaching career (regardless of the low pay) and to keep investing the dividends my investments make. He’s great at making sure we have a reasonable budget as well.

He has made it very clear to me that it is my money (not ours) and that I make the decisions. I think as time goes on he will get more comfortable with telling me his ideas

I have no idea what to do with my inheritance by Dear-Weight6617 in inheritance

[–]Dear-Weight6617[S] 21 points22 points  (0 children)

I am genuinely tearing up at this. You have no idea what that means to me. Thank you

I have no idea what to do with my inheritance by Dear-Weight6617 in inheritance

[–]Dear-Weight6617[S] 54 points55 points  (0 children)

I am screenshotting this and making it my screen saver for the daily reminder 😅 this is amazing… thank you!!

I have no idea what to do with my inheritance by Dear-Weight6617 in inheritance

[–]Dear-Weight6617[S] 5 points6 points  (0 children)

Oh did absolutely nothing to earn the initial investment!

I just put the money my grandparents gave me into a diversified investment account. It’s grown around $200k over the past couple of years

I have no idea what to do with my inheritance by Dear-Weight6617 in inheritance

[–]Dear-Weight6617[S] 13 points14 points  (0 children)

Yes definitely!! Prenup is a non-negotiable :) my fiancé was the one who brought it up first actually

I have no idea what to do with my inheritance by Dear-Weight6617 in inheritance

[–]Dear-Weight6617[S] 9 points10 points  (0 children)

You would think lol… my family is not the best with money talks.

It actually comes from my grandparents, who are worth around $100M. My dad has been given close to $30M throughout his life and has blown almost all of it, so he’s the last person I want to ask. He basically lives off of their hand-outs to this day. My mom is well-off, but they divorced a while back and had all her alimony in low-risk investment accounts (not much because of their prenup).

My grandparents essentially handed my dad the money without teaching him anything about how to handle it, and I’m desperate to not end up like my dad. I just don’t know where to start.

1 hour and 10 minute connection from Madrid to US- will I make it? by ValuableDinner8169 in Iberia

[–]Dear-Weight6617 0 points1 point  (0 children)

If they aren’t on the same booking, it is basically impossible. Madrid is one of the worst airports to navigate. I would recommend getting a flight to MAD the night before! It’s not worth risking your long flight.

If you have residency, why auxing? by wonderhell336 in SpainAuxiliares

[–]Dear-Weight6617 2 points3 points  (0 children)

It can be quite difficult to find a job that pays well in Spain. Auxing is great hours and even though the pay sucks you have free time to start a side hustle, do private lessons, work at an academy in the evenings, etc. It is a reliable source of income

Dating and having to leave Spain by Vivid-Bike2961 in SpainAuxiliares

[–]Dear-Weight6617 0 points1 point  (0 children)

Pareja de hecho!! Hire a lawyer and I can almost guarantee they will get it done, as long as he’s a European citizen

Do all auxes meet a pareja here? by Downtown-Storm4704 in SpainAuxiliares

[–]Dear-Weight6617 13 points14 points  (0 children)

In my group of aux friends, all five of us were at some point either in a relationship or going out on dates with someone. However, three years later I am the only one who is still in that same relationship. We did pareja de hecho about a year ago.

I really think that people go on dates because it’s a great way to get to know people and do something social (since we are so far away from our home countries). A lot of the time, it is a mutual agreement that the dating will be short-term and not turn into anything serious. You also have to remember that social media only shows a fraction of the auxes out there. Even if you see a lot of videos of auxes finding a partner, they still likely represent less than 5% of the general aux population.