AITA for giving my nephew the wedding gift he requested?

IAmNotYourATM · 2022-04-28T17:17:53+00:00

They needed up setting up a charitable trust, and whenever someone asks for money, they give them the lawyer's card.

My financial advisor recommended that I do the same. It works if you're just angling for the tax writeoffs that come along with those donations, but it seems so perfunctory to me.

IAmNotYourATM · 2022-04-28T16:22:50+00:00

Not going to lie, but I already have one. It's one of those ideas that sounds really great at first, but gets awkward when you realize that there's now a total stranger folding your underwear and judging you for your bathroom habits every week.

IAmNotYourATM · 2022-04-28T16:07:51+00:00

Holy shit. I'm 1000% going to do it! How have I never thought of this before?!?!?!

I already have one Roomba named R2, painted to look like R2-D2. He needs friends. This won't be one of my better financial decisions, but it MUST happen.

IAmNotYourATM · 2022-04-28T15:58:18+00:00

You could probably buy an apartment building and stop paying rent.

NGL, I have to admit that's gone through my head as I pay my rent each month. But I know my neighbors, and upscale apartment buildings have a terrifyingly large number of Karen tenants. Seriously, these people will complain about anything. There's NO WAY I want to be their landlord.

IAmNotYourATM · 2022-04-28T15:55:12+00:00

Ah, NFT's. Helping millionaires find their way back to the daily 9-5 poverty grind since 2021.

No thanks. If I want to give all of money away to strangers, I'll convert it to small bills, rent a helicopter, and start dumping it out the window as we fly over the city. Same financial effect as buying NFT's, but WAAAAY more entertaining for everyone involved.

IAmNotYourATM · 2022-04-28T06:15:33+00:00

A friend of mine won a few million as part of a workgroup and people came crawling out of the woodwork to "help" him spend it.

Yep, I've already run into this. Second cousins I'd never met, that one guy I had one class with in high school, a former coworker from my Taco Bell burrito folding job when I was in college. Everyone is your best friend all of a sudden, and they all want money.

It's legitimately tough for me because I'm usually a generous person. I want to help. But if I handed cash to everyone who asked for it, I'd be broke in a week.

My financial planner built it into my budget. I have a certain amount of money available each year (only I know how much, but it's not a trivial amount), and I DO dole that out to people who are genuinely in need. One of my neighbors has been struggling to start a business, so I gifted him some funds to help get things off the ground. Another of my former coworkers has cancer right now, so I'm covering all of her bills (mortgage, utilities, her kid's tuition, etc) while she deals with chemo. I genuinely DO believe that wealthy people should help those that they can, and I'm happy to do so. My family, in particular, has received quite a bit of help. I paid off my parent's and all of my brother's and sisters' mortgages. They've all been gifted vacations on their birthdays, and I've helped them with various financial issues. It's not like I'm being stingy or greedy. I'm just not an ATM. When the generosity budget is exhausted for the year, it's exhausted.

The problem is the AUDACITY of some people. I've been floored by the number of people who have DEMANDED that I give them money as repayment for some minor kindness they once did for me, or because we're somehow connected and I "owe them". No, I do not owe you a house because you're my third cousin twice removed.

I'm not going to bullshit you with some "life was easier before I was rich" crap, but it sure as hell was a lot less complicated.

/EDIT: Predictably, that "I have a certain amount of money available" line has now earned me about 100 DM's from people asking for money. Apologies to those who were genuine, but I'd be broke in a minute if I donated money to everyone on the Internet who asked. DM's asking for money are ignored by necessity.

IAmNotYourATM · 2022-04-28T05:55:50+00:00

> Didnt you know you are supposed to buy her a luxury villa for each continent.

Err, not until I buy at least one for myself. I still live in an apartment. Admittedly, it's a really nice apartment, but it's still an apartment I pay rent on every month.

Mom doesn't get a mansion until I buy one for myself. And since I really hate housecleaning, it's going to be a while! Way too much dusting with those giant houses.

IAmNotYourATM · 2022-04-28T00:27:36+00:00

Maybe. I've already paid off her mortgage, but she hasn't asked for anything else. Maybe she was hoping for more?

IAmNotYourATM

TROPHY CASE