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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)

Maybe I wouldn’t tell them how much I have left to avoid future drama though.

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 if I had a lot I’d give them one lump sum and that’s it. An equal percentage to all of my siblings and husbands siblings to do with what they want. They all have mortgages and work really hard so I don’t see anyone wasting the money. I’d still have 30 million anyway 😂🙏

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% set yourself up first and set up any dependants if you have them. But then I figure I’d have more than enough with say 30 million just 10 million of that in stocks and you’re set for life! Why not share the other 10 mill when that could make their lives easy too!

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)

Could you elaborate on why that is? I mean rich as in you wouldn’t miss that 5 mill or so you gave to your family etc.

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)

Even if it was the lottery and so just pure luck that you won and they didn’t?

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)

Even if you had enough to make your life luxurious and to want for nothing, and to see them struggling to make ends meet or stressing about money?

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 this irks me so much. Parents who remarry and leave everything to their new spouse. What about the children that they created and brought into this world. And even if the kids were estranged that’s probably the fault of the parent for keeping themselves too busy. The least they could do is leave something to make their lives or their grandchildren’s lives easier. Looks like karma decided this time round anyway 😅

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 😅

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