You REALLY need to read this, most famous advice I know of on the subject:
https://www.reddit.com/r/AskReddit/comments/24vo34/comment/chb38xf/
Thanks for sharing this, ended up reading the whole thing wow lol. Fingers crossed that someday the advice can be used by someone (re: hopefully/not hopefully me) who’s read this…
Can I have $1?
Hi Mari
Congratulations on graduating soon! I’m also sorry for your loss I know loosing my grand father was tough and I can only imagine the wedge his will has created between you and your family.
We’re not well equipped to make decisions of that magnitude at 18 and many of us don’t develop the skills to make them later in life 😅
How you really doing?
DMs are always open if you have any questions you’d rather bounce of a stranger :)
I’m okay. A little stressed. Everyone has an idea of what I should do with it all and they’re all different ideas. So just trying to sift through all that and decide what I want. But really more than anything just ready to graduate
Hello sir or madame I have a crypto project you might be interested in!
Get ready for alot of that.
Good luck! I’ve heard one should get a good financial planner and shit for that.
Or just chuck a large amount into some savings thing regardless. I’ve known of those even with financial planners to have it all go horribly wrong.
How much cheese do you intend to buy? Will you use very expensive cheese for grilled cheese? If you had to pick three cheeses to invest in, which ones would you go for? Sorry for all the financial questions.
I’m a cheese fiend, so if there’s a Cheese shortage in the bendy month you know that was me
Congratulations. Hope you have a great life!
Get external financial advice. Pay for it. It’s easy to piss away what seem like vast amounts of money.
That sounds like it could really complicate dating because you wouldn’t know if they were with you for you or for the money.
Uh, that’s not a question.
How are you doing?
Good, but overwhelmed. It all caused drama when he first passed and we read his will. Then it settled but now that I’m about to graduate people are getting angry again
I imagine that kind of money could really tear a family apart. It’s ridiculous really what it turns people into.
I hope things go well for you.
Congrats, how old are you? How will this money change the way you live your life?
I am 18, and this means I’ll probably never have to worry about finances in the future. So hopefully that means I can pursue passions and not have to worry about work
Firstly, fuck you.
Secondly, depending how multi we’re talking about on the millions, it might not be enough to just live life however you want. Look up the 4% rule and FIRE (Financially Independent, Retired Early) to really work out the maths of it all.
Secondly, while it’s tempting to jump into abandoned hedonism and drink away the years, I’d strongly argue for still finishing your studies and then working. But you get to only work for things you want to do, not have to.
Either start your own things or join others, maybe NGO work, maybe something manual and small, maybe art, whatever floats your boat.
You might have a concept of how lucky you are, but you’ll never truly understand without having worked away years of your life first.
Hopefully you can understand why some people close to you are upset. It’s a raw deal busting your ass in a 9-5 your entire life then seeing someone inherit millions when they turn 18. You didn’t earn it, and as long as you know that, you can probably avoid becoming an asshole.
I don’t even know you and I hate your guts. But at the same time, I would love to be in your place. So I also don’t hate you. If I was in the family and watched this happen to you, I’d probably just hate you.
I get it. I have no argument why I deserved it.
I recommend you put it away and pretend it doesnt exist for a minimum of 10 years.
Mate, living the dream!
What’s your favourite dinosaur?
Raptors
Want to go halfsies with me on a steel workshop building? I’ve been quoted about 80k total with the concrete foundation. I’ve got the land and 40k saved. Gonna do woodworking and EV conversions and eventually open a school for “technical enrichment” combining tech/hacking/vertical farming and EV/solar stuff. I live in an area that’s kinda podunk and most of the local kids just go work at Dairy Queen or something.
A lot of people probably gonna ask you for money, so no worries either way. Congrats, if you’re not fulla crap 😁
Willed some money? Selling a company?
I was left a trust of $25M and a $5M property by my grandfather
Do you plan on working?
My plan was always to be a beautician and I’m going to carry on with that hopefully
So how did you get it? Hard work or a lot of luck? Inheritance, maybe?
Also the obligatory “can you spare some?”
I’m very sorry to have to tell you you’ll be getting a lot of that once people know. Keep it to yourself as much as possible
Ah, also: what do you think about taxes? Do you feel you should pay less now that you have more, or do you feel you should at least pay your fair share?
Just to be honest here: I think taxes should go up and up with higher income / total value, up to 100% income or just the value of a person minus the max value we set that a person should be allowed to have. I don’t think billionaires should be allowed to exist, there is no reasonable explanation you can give me that can honestly say " yeah, billionaires are fine" while at the same time we have thousands of homeless that cantt have a home even with two jobs
Inheritance.
And from what I understand even with high taxes I’ll still have a lot of money so it doesn’t really matter to me what they are
Lucky you, happy for ya
You hiring?
Any immediate plans?
Also, chuck us a couple of quid?
Well this summer vacationing pretty hard. But after that who knows
How do you think it will impact you mentally? Knowing myself I think I’d really spoil myself (with everything) and would never recover. If I were in your position I’d pay for a psychologist/coach ASAP to keep me on track.
I’m hoping my ego doesn’t get too big or my laziness any worse than it already is. But maybe I’ll be worse than I think
Vacationing anywhere or anyhow in particular?
Gonna do Hawaii for sure because I’ve never been. But no hard plans beyond that
Enjoy!
