Discussion » Questions » Finance » When you were younger did you ever come into a modest inheritance or windfall? How did you use it?
Jane S

When you were younger did you ever come into a modest inheritance or windfall? How did you use it?

Posted - July 10, 2022
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Responses


  • 17620
    Yes, quite modest but it is now paying the monthly $1000 upcharge for my mother to have a private room in long-term  care. 
      July 10, 2022 3:19 PM MDT
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  • 11105
    Your mother is lucky to have you. This post was edited by Jane S at July 11, 2022 11:05 PM MDT
      July 11, 2022 4:53 AM MDT
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  • 17620
    Thanks for that, Jane.
      July 11, 2022 11:08 PM MDT
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  • 34452
    While in my early twenties while I was pregnant, I was in a car wreck and 3 vertebrae were "crushed" in my neck.  I am blessed to even be walking after the injury. The only thing I have from it is arthritis in my neck. My daughter had no effects from the wreck. 

    We bought 22 acres of land and a car with the insurance settlement money. 
      July 10, 2022 3:37 PM MDT
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  • 11105
    Sounds like a wise use of the money.
      July 11, 2022 4:52 AM MDT
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  • 17620
    Yes it does. :) 
      July 11, 2022 11:06 PM MDT
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  • 34452
    We eventually sold the property for 3.5x what we paid for it. 
      July 12, 2022 5:30 AM MDT
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  • 44654
    No. In fact, I am the only one in my family (other than my daughter) that has any money to pass on to my children. I will be the inheriter.
      July 10, 2022 5:07 PM MDT
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  • 53526

     

      Do you mean that your daughter has named you as her beneficiary?
    ~

      July 10, 2022 9:27 PM MDT
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  • 44654
    I know that sounds confusing, but my daughter and her husband have very large incomes to be able to have small inheritances for their children.
      July 11, 2022 7:58 AM MDT
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  • 53526

     

      That “explanation” just makes the whole thing even more confusing. Originally, I responded with exactly what Stu pointed out, that it appears by what you describe, you’re referring to yourself being the benefactor, not the beneficiary/heir (inheriter). I deleted that response because you also alluded to your daughter being in a financial position to be a benefactor to someone, so it would not make you the inheritor if she left assets to you. 


    ___

      July 11, 2022 8:06 AM MDT
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  • 44654
    The confusion might have come from my use of the word 'inheriter' which is not a word. My daughter will be a benefactor.
      July 11, 2022 8:23 AM MDT
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  • 11105
    It doesn't have to be an inheritance.  It could be a signing bonus, an insurance settlement or lottery win for example.
      July 11, 2022 4:57 AM MDT
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  • 44654
    I have never had a windfall or won a lottery. All of my money comes from working.
      July 11, 2022 8:00 AM MDT
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  • 13277
    Inheriter benefactor 
      July 11, 2022 5:02 AM MDT
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  • 44654
    Another one I made up, but yours sounds better.
      July 11, 2022 7:56 AM MDT
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  • 10664
    I found a quarter, does that count?  And knowing how much I liked to spend money back then, it's probably still around here somewhere.
      July 10, 2022 5:11 PM MDT
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  • 11161
    I did and I used it to buy a bunch of grow lights so I could grow pot all year round. Cheers!
     
      July 10, 2022 5:25 PM MDT
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  • 11105
    Sounds like a good return on investment. 
      July 11, 2022 4:58 AM MDT
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  • 3025
    The only windfall I experienced was a lot of hot air.  Experience is a great teacher. 
     This post was edited by Honey Dew at July 12, 2022 1:44 PM MDT
      July 10, 2022 6:01 PM MDT
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  • 11105
    Well, I  hope  it came in cold weather so it did you some good. This post was edited by Jane S at July 11, 2022 7:59 AM MDT
      July 11, 2022 4:59 AM MDT
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  • 16838
    My family members tend to be long-lived, and there's a lot of us. My paternal grandfather was relatively wealthy, but given that my step-grandmother is still alive, nobody got doodly.
      July 10, 2022 6:25 PM MDT
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  • 11105
    Windfalls don't have to be inheritances. You never got some extra money from somewhere? 
      July 11, 2022 5:01 AM MDT
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  • 16838
    Only when i worked my butt off for extra commission. I did win a bit from a poker machine once (i don't play those as a rule, but it was the day after my daughter's birth and a work colleague encouraged me to try my luck as a brand new dad). A $2 bet won me $80.
      July 12, 2022 6:42 PM MDT
    0