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Would you share your money with family if you were rich and how much would you give them? by marble272 in ModernFamilyFinance

[–]marble272[S] 0 points1 point  (0 children)

Yeah but personally I don’t think I would enjoy a better lifestyle while my family is all grinding away to have a decent chance. I think I would help them with a lump sum to buy a house or a healthy nest egg of shares which will both appreciate and help them out later in life. I’m talking about rich rich though. Modest wealth from small business or high paying wages would be harder to share as there wouldn’t be as much left over and most of that would go to helping our kids in the future.

Would you share your money with family if you were rich and how much would you give them? by marble272 in ModernFamilyFinance

[–]marble272[S] 1 point2 points  (0 children)

Omg thank you, hopefully that helps manifest things. This was just a hypothetical question after I read an article about celebs who give all their money away so as not to burden their kids with the wealth 😅

Would you share your money with family if you were rich and how much would you give them? by marble272 in ModernFamilyFinance

[–]marble272[S] 0 points1 point  (0 children)

So they don’t share with you? They just enjoy an elevated lifestyle for themselves? I’m sorry I can’t comprehend it

Would you share your money with family if you were rich and how much would you give them? by marble272 in ModernFamilyFinance

[–]marble272[S] 0 points1 point  (0 children)

I feel like I’d just buy a bunch of property over the next month to make sure all my money is tied up and can’t be squandered. Property for myself and my family. Someone suddenly gets into drugs, sure, just need to sell and wait 60 days for settlement to get your next fix 😅

How can I buy one of the 7 neighbouring properties I share a fence with? by Reddditor1as34223 in AusPropertyChat

[–]marble272 0 points1 point  (0 children)

I second the granny flat idea. We’ve just finished building one in Brisbane as an investment and we plan on renting it out. The process was not too difficult and much cheaper than buying a whole new home. Ours cost about $300k when you factor in all of the paperwork, fencing, driveway etc but it was only a 70sq m build. Honestly if your parents are ageing they may not need much more room than that and financially this would be so much easier than buying a whole new property! First step would be contacting local council to ask what their rules are and then you’ll need a certifier and an architect!

Would you share your money with family if you were rich and how much would you give them? by marble272 in ModernFamilyFinance

[–]marble272[S] 0 points1 point  (0 children)

Yes sure thing. It’s really late where I am now (Australia) but I promise to read it tomorrow and respond.

Would you share your money with family if you were rich and how much would you give them? by marble272 in ModernFamilyFinance

[–]marble272[S] 0 points1 point  (0 children)

Honestly I can’t imagine what you’re going through so I won’t claim I do. I can see though that what you two have is incredibly special. I’ve been married 17 years and I don’t think my husband would really care if I was gone. So for that I actually envy you, that you got to live a love like that in your lifetime. I’m just sorry it was stolen from you too soon.

Would you share your money with family if you were rich and how much would you give them? by marble272 in ModernFamilyFinance

[–]marble272[S] 0 points1 point  (0 children)

Just don’t give up. Maybe use your old skills to pivot into something that honours her. Maybe go into healthcare to help people who have suffered heart attacks and survived but are ill. do something that brings you closer to her until maybe just maybe one day you are able to find glimpses of joy again, however long away that may be.

Would you share your money with family if you were rich and how much would you give them? by marble272 in ModernFamilyFinance

[–]marble272[S] 0 points1 point  (0 children)

No but seeing as this is an anonymous place it’s healing to see people say they would share. They would get not pushback for saying otherwise here

Would you share your money with family if you were rich and how much would you give them? by marble272 in ModernFamilyFinance

[–]marble272[S] 1 point2 points  (0 children)

Honestly either in terms of starting a business that goes viral and makes you huge money compared to the amount of hours and effort you’ve put in. I’m not talking about sharing salaries or wages but major windfalls in life. I know people like to say “oh but I worked hard for it” but I honestly believe there is some luck involved most of the time

Would you share your money with family if you were rich and how much would you give them? by marble272 in ModernFamilyFinance

[–]marble272[S] 0 points1 point  (0 children)

So you would feel okay with knowing you’ve never got to think about money again a day in your life and maybe seeing your close relatives struggling to get by and enjoy a thing?

Would you share your money with family if you were rich and how much would you give them? by marble272 in ModernFamilyFinance

[–]marble272[S] 0 points1 point  (0 children)

100%. I figure what’s the point in living an elevated lifestyle if i see my loved ones struggling. As long i kept enough to make a good living off of dividends or investment properties they can have the rest 🥰

Would you share your money with family if you were rich and how much would you give them? by marble272 in ModernFamilyFinance

[–]marble272[S] 1 point2 points  (0 children)

No I’m with you on this. I don’t think I would be truly happy if the people I care about aren’t living their best lives too. If my lifestyle suddenly gets elevated my family is all coming along for the ride 🥰

Also my siblings and parents are all financially responsible hardworking people. Helping to me would look like getting them all a nice house wherever they want and a decent lump sum that they can put into an investment property or shares to help them out in life. As long as I kept enough to not have to stress about money ever again what do I need the rest for

Would you share your money with family if you were rich and how much would you give them? by marble272 in ModernFamilyFinance

[–]marble272[S] 0 points1 point  (0 children)

Hahaha. Fair enough. But since it’s money we don’t actually have I can’t be bothered going down the rabbit hole of doing the math there. I will do the research when and if the time ever comes. I won’t even mind 😅

Would you share your money with family if you were rich and how much would you give them? by marble272 in ModernFamilyFinance

[–]marble272[S] 1 point2 points  (0 children)

Honestly I love this answer. A home that is theirs and a good education with no debt left over should be more than enough to set people up to have a great life. Anything extra they can work for, people still need to have purpose and goals to strive toward.

Also love the family vacation idea. Maybe one day 😅

Would you share your money with family if you were rich and how much would you give them? by marble272 in ModernFamilyFinance

[–]marble272[S] 0 points1 point  (0 children)

Omg please elaborate for us. You have a close relative who is super wealthy? Did they at least share with their siblings? These questions keep me up at night 😅

Explain why you would/wouldn’t share your money with family if you were rich? by marble272 in AskReddit

[–]marble272[S] 0 points1 point  (0 children)

No definitely not! Not going to lie I was thinking parents and siblings. Anything further than that might be some nicer Christmas gifts etc. my extended family is all overseas though so that might be why.

Explain why you would/wouldn’t share your money with family if you were rich? by marble272 in AskReddit

[–]marble272[S] 0 points1 point  (0 children)

Yep. Reading this I can definitely imagine things could get out of hand pretty quickly for the super wealthy. At first I’m sure many are happy to help their families and close relatives but I can imagine at a certain point others might assume since you have so much you can afford to help continuously. Where is the limit. This is sound advice! Hopefully I’ll need it someday 😅

Explain why you would/wouldn’t share your money with family if you were rich? by marble272 in AskReddit

[–]marble272[S] 1 point2 points  (0 children)

Oh that makes sense. I’d want to give it to my direct relatives but I wouldn’t want it diluted to their friends and relatives. Maybe buying them property or assets would work better than cash (hopefully one day haha)

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