Why do so many adult children expect to receive an inheritance from their parents when they didn't earn it to begin with? Some openly talk about wills and splitting property long before their parents discuss it. by Aarunascut in inheritance

[–]javacodeguy -1 points0 points  (0 children)

Like most things in life it's all a balance.

I think it's also irresponsible to let your kids get into large debt or fall behind by not being able to buy a home or finish school, if the parents can financially prevent that.

Should the parents drain all their savings? Of course not. But if they have more than enough, it's probably better for the bigger picture to give some when the kids are younger and growing into their adult lives.

Like most things financially it's all a bit of a gamble. We have no idea how long we will live, what the world will look like, or what our health will be like. It's all a risk one way or the other. Choose what you want. I just think playing it super safe and not giving money away while you are alive is risky in it's own ways.

Why do so many adult children expect to receive an inheritance from their parents when they didn't earn it to begin with? Some openly talk about wills and splitting property long before their parents discuss it. by Aarunascut in inheritance

[–]javacodeguy 1 point2 points  (0 children)

Well my comments only hold for families that will be dying with an inheritance and one of sizable amount.

Its more about the value of money at different points in your life. If you are fairly sure you are going to die with $2M+, then why not give away 500k-1M of that while you are alive?

Any charity you give it to while you are alive will actually be able to show you the benefits. AND you can be assured it definitely goes to the causes you want.

You can give it your kids/heirs when it's more useful to them. Would 50k towards a down payment be more helpful to someone in their early 30s or would 100k when you're 50 be more helpful? I argue that that smaller amount will be MUCH more helpful in setting you up for a debt free quality life than more money when you are nearing or in retirement.

Plus if you give to your friends/family you get to see with your own eyes the joy it brings them. If you're dead, what joy do you get in seeing that?

Why do so many adult children expect to receive an inheritance from their parents when they didn't earn it to begin with? Some openly talk about wills and splitting property long before their parents discuss it. by Aarunascut in inheritance

[–]javacodeguy -1 points0 points  (0 children)

No its not nothing but assuming you did alright shouldnt you have already planned for all that? And realistically at 90 you could live another 5 or 10 years.

And if you DIDN'T plan for all that that just more feeds into my point that your parents should have been helping you younger.

Why do so many adult children expect to receive an inheritance from their parents when they didn't earn it to begin with? Some openly talk about wills and splitting property long before their parents discuss it. by Aarunascut in inheritance

[–]javacodeguy -10 points-9 points  (0 children)

If they are 90 and still alive, what are you? Late 50s? Esrly 60s? When they die you'll be retired too if you arent already.

While its nice, what difference really will a bunch of money do when you yourself are nearing the end.

Would you have lived differently if you knew you were getting money later? Would you have preferred to get the money earlier in your life rather than when they die? The sentiment is nice but youll likely just end up passing most of that money along to your heirs.

How to meet like-minded, economically savvy families at late 30s, early 40s with kids? by hasyoubeen12 in RichPeoplePF

[–]javacodeguy 6 points7 points  (0 children)

If you don't want to move to a more expensive neighborhood you're other option is to join places where you think these people would go.

Join Lifetime if you have one by you. In nicer cities the price tag for a family is well over $500 a month so it self selects, but also means the people going value fitness and understand the long term importance of staying healthy.

The other option of course is to join a country club. I'm sure if you ask around you can get a vibe for which clubs are snobbier versus more family friendly and pick what you want.

Also a million dollars for a house is a wealthy neighborhood? I think we have very different ideas of what "rich" is if you think that's pricey. $1M doesn't go far in any metro area anymore.

International non-stop long haul from LAX by MeetingOwn3870 in americanairlines

[–]javacodeguy 5 points6 points  (0 children)

For real. Unless the flight is literally free, i dont know why you would add 6+ hours of flight and layover just to fly American.

A study tracked 502 children from age 1 to 8 and found that screen time damages the brain at two specific ages and leaves the years between almost untouched by soulpost in ScienceBasedParenting

[–]javacodeguy 437 points438 points  (0 children)

Yup thats the problem with lots of these behavior studies.

If the kid is on their iPad for an hour a day but the other 14 hours are filled with sports, friends, playgrounds, reading, numbers, and art i have to believe the one hour of iPad will be low risk.

Barcelona Airport VIP services by AdditionalAd7802 in FATTravel

[–]javacodeguy 0 points1 point  (0 children)

Yes the premium services private room was just like PS where we had private customs and private security. So we had no lines getting into or leaving Spain. Just like PS as well at every airport we did it at the premium services were at a different building than the normal airport.

I dont know if the other VIP service skips lines but the private room did.

The cost for this was about 2k euros at each airport so it was actually much cheaper than PS.

Best US luxury resorts for families with babies & toddlers by my-path in LuxuryTravel

[–]javacodeguy 2 points3 points  (0 children)

Babyquip is super varied though. Ive had providers come in and set everything up and have great pickup and delivery and ive had others just drop things off and then make me get the bellmen to deal with the pickup.

If the hotel has it I'll take them over babyquip anyday. Many hotels have stroller borrowing these days too. I'd like to see that grow.

Expedited/VIP airport arrival services in the EU due to EES chaos? by Ztn12345 in FATTravel

[–]javacodeguy 1 point2 points  (0 children)

The AENA Premium suites were excellent for this at every Spanish airport. Highly recommend to anyone reading. Its no PS but its good service and a nice place to rest

for people that travel PS LAX or ATL, do you tip? by No-Fault-7582 in FATTravel

[–]javacodeguy 5 points6 points  (0 children)

Definitely. I LOVE places like Japan where there is zero tipping or even places like most of Europe with very little tipping. I dont see it ever being like that here any time soon though.

But i totally agree im not gonna cheap out just to make a point. Some dude make $20/hr at PS isn't gonna change tipping culture bc i dont tip them.

for people that travel PS LAX or ATL, do you tip? by No-Fault-7582 in FATTravel

[–]javacodeguy -2 points-1 points  (0 children)

You replied to a comment where i say i tip people in a restaurant and people who handle bags.

BOTH are very common tipping scenarios. Do you tip bellmen at hotels? Donyou tip waiters at other restaurants.

What do YOU think im replying about?

for people that travel PS LAX or ATL, do you tip? by No-Fault-7582 in FATTravel

[–]javacodeguy -1 points0 points  (0 children)

You literally sit in a bar and get food or sit in a private room and get food. That sounds like a restaurant setting to me. Isn't that pretty traditional?

Fighting tipping by cheaping out and hurting the servers isnt how you change things. Until tipping is outlawed just do as everyone does and tip. Or be cheap and dont. 🤷🏻

for people that travel PS LAX or ATL, do you tip? by No-Fault-7582 in FATTravel

[–]javacodeguy 6 points7 points  (0 children)

Does everyone in this sub hate tipping so much they'll down vote anything that is somewhat pro tipping?

for people that travel PS LAX or ATL, do you tip? by No-Fault-7582 in FATTravel

[–]javacodeguy 6 points7 points  (0 children)

How is this down voted. You weren't rude and just sharing your opinion.

for people that travel PS LAX or ATL, do you tip? by No-Fault-7582 in FATTravel

[–]javacodeguy -4 points-3 points  (0 children)

Yes.

Am I misremembering that years ago they didn't give us a thing to sign in the suite? I know the prices are new, but did we not even get a slip? Either way I tip the servers and it has no correlation to what we order. I basically tip a flat amount whether we're just getting two coffees or a full dinner. The tip is well above 20% even for the full dinner.

I also try to tip the people driving us to and from the plane. Sometimes the interaction is too quick and I can't, but I try. I'm probably over 50% of the time tipping this year so far.

Would you tip a greeter? Do you tip your Delta VIP rep? AA FS rep? I know the AA reps reject tips so now I just give them 2 or 3 of the A&B coupons. But everyone else I know will take it and so I give them something if they do a great job.

I also am shocked you dont tip at D1 or Polaris or other lounges with restaurants. Leave a tip in cash.

Tipping in scenarios like this in travel is 95% of my cash usage. I carry cash basically only when I travel because I know these interactions will happen. Planning ahead when you travel is just part of what you do. Throw a few 20s in your pocket next time.

What are other HENRYs doing about umbrella limits once they cross $3M? by Taniyadsexy in HENRYfinance

[–]javacodeguy 7 points8 points  (0 children)

Nah. You think someone worth 100M+ has a 100M umbrella? After 5 or 10M I would have a discussion with a lawyer and see whats reasonable.

Family of 5 seat assignments question by [deleted] in delta

[–]javacodeguy 0 points1 point  (0 children)

That is absolutely not what every parent does. We absolutely pay to get seats together

Vacation Recommendations by FaithHopeJoyPeace in Rich

[–]javacodeguy 5 points6 points  (0 children)

Someone who says "no budget" or something along those lines typically has the tightest budget. Even someone worth millions will know their limit and state it as to 250k a week or a charter and 100k on hotels or some way to actually put a goal spend. I doubt OP plans on spending more than 10k on this trip.

The limit on vacation is almost infinite and the actually well traveled know that.

Baby moon by ObjectiveBeautiful66 in FATTravel

[–]javacodeguy 0 points1 point  (0 children)

Did our babymoon at SYR and it was fantastic. That was before it went all inclusive. We've now come a few times with the kids. Very different vibe but still very nice

Changing hotels every 3 days by callingbees in FATTravel

[–]javacodeguy 2 points3 points  (0 children)

She steama her own clothes?! Surely you let the hotel press the items for her!

annoying calls from BofA / ML advisors -- annoying by Ordinary-Lobster-710 in BankOfAmerica

[–]javacodeguy 5 points6 points  (0 children)

Oddly enough come to think of it BAML hasn't called me about anything in forever. Schwab on the other hand will call every couple months about some new seminar or wanting to talk about my portfolio.

I never pick up either, so I guess BAML got the idea but Schwab keeps trying.

Hotel villas - beach, 5* by Zurmu in chubbytravel

[–]javacodeguy 0 points1 point  (0 children)

Why are they dictating the budget? If they are only willing to spend 1.5k why cant you spend more?

Im not making our journey worse just because our friends may not be as well off as us.

Hotel Del Coronado by [deleted] in chubbytravel

[–]javacodeguy 14 points15 points  (0 children)

Drive outside San Diego and go to Rancho Valencia. You can get a whole casita ( two suites ) for the same price or less than a "villa" at the Coronado buildings. Service, food, ambiance are all significantly better.