My father left me a little bit of money. What should I do with it.? (1 Viewer)

[bigdaddysaints]

Well…the dog ate some bils, but the family was able to … let’s call it …recover about $3700

i heard they had to "launder"the money afterwards..

 

[guidomerkinsrules]

i heard they had to "launder"the money afterwards..

Yes
Yes they did

 

[guidomerkinsrules]

Aye aye Cap‘n Contrarian …. But im guessing since the OP came here for our “expertise“ insofar as what to do with a smallish inheritance- he’s probably looking for a way to make it last and have some positive impact on his financial future.. im guessing he could have figured out the ‘8 ball and call girls‘ solution on his own, without our input .







I dont think anyone here would look down on the OP for blowing the money.. he might be 25 and looking to have a good time before fully “growing up”.. or maybe he’s 75 and wants to live it up before the Reaper comes a-calling .. hopefully there arent too many moralists here either way .


ETA disregard what i typed above, just went back and saw that he’s 48.. either way, still no judgement .

You’ve leveled the claim a few times
I don’t accept it, but feel compelled to point out that being contrary to a contrary post is not the same as making a positive post
(Being devils advocate to a devils advocacy is not being a god advocate- it’s just advocating for a 2nd devil)

To the point, money is the closest thing we have to a national religion
And like Christianity where we preach love and charity but practice the opposite
In money we preach frugality but practice consumption
‘Morally’ we hold that the purpose of money is to make more money
—but to do what?
“gather ye rosebuds while ye may” is just as fine a philosophy as most others
I imagine there’s probably some formula that brings both dynamism and long term stability
60% ‘don’t touch it savings’
30% ‘it’s there if you need it savings’
10% mad money?!?

But also like the other religion I’m mostly agnostic about money so…

 

[Mr. Blue Sky]

You’ve leveled the claim a few times
I don’t accept it

Truly, i am only busting ur balls.. pay no attention to my antics .

 

[zeetes]

i could easily have been the inspiration for brewster's millions, minus the millions, but i can show you how to spend it fast.

 

[guidomerkinsrules]

Truly, i am only busting ur balls.. pay no attention to my antics .

I dish out puhlenty so I can’t Karen when tables are turned

 

[saintpack]

Well thx for the advice. Hookers and blow it is!

 

[borhansometimes]

High yield savings accounts can be a safe bet, especially if you need access to the funds in the near future. Just make sure it's with an FDIC institution for that added peace of mind. As for additional diversification, it's a good idea to weigh the risks carefully, especially if you might need the money within the next year or so. It's all about finding that balance between potential growth and security.