how much is my mother law worth?
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Anonymous
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hey, i'm trying to figure out around how much my mother law is worth, she's very secretive about her 'old money' inherited from her parents though i do know the following.
when we go out to dinner with mother law she pays, around 500 - 800 any time we go out. she owns a house off michigan ave in chicago, and a 4 bedroom home on a pga golf course in naples florida (around 800k minimum from what i've looked into) gave wife a diamond necklace appraised at 80k for a graduation present bought both daughters vehicles around 70k each, wired us cash to buy my wife's latest car. wife has a black amex, that between her, her brother and mother typically rack 30k a month on the joint account. wife and her brother went to private school (30k tuition each, and 50k tuition for college) - (thats like 400k for both girls). we also know mother in laws mom owned a home in southern california with 14 bedrooms and 11 baths. my wife and i both work very hard, we typically are able to charge the majority of the things in our life on the amex her mother provided for us and invest the rest of our measly income (around 110k a year) we live well beyond our means me driving a 80k bmw living in 1+ million dollar home, and her mother flips the bill for everything. do you think this ''old money'' will ever run out? my wife and i aren't sure if we need to plan for a major life adjustment if it does. with all of this spending, how much money would the mother law need to sustain a positive flow (she doesn't work, though I know she does major investing). |
Anonymous
| also were 23 years old |
Anonymous
|
You have to be a troll.
It's not your money. Live within your means. If MIL hasn't specifically given your wife a clear expectation of income and a trust fund and a financial advisor, assume the money goes away tomorrow. And please don't have kids until the two of you grow up. |
Anonymous
| why would we live within our means if it all goes away tomorrow, wouldn't we use this as a chance to get all the nice shit we won't be able to afford for awhile? and i mean really, since all of our bills are covered by wife's amex..we are sort of living within our means |
Anonymous
| also we have a financial advisor that MIL appointed us, along with an accountant |
Anonymous
| 45 million. She told me. |
Anonymous
| Who knows? It could be 15 million (at least, I'd guess), or it could be hundreds of millions? What's her name? If she's that rich, it will be online. |
Anonymous
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If you're worried about your supply line running dry, you should talk to your financial advisor about setting aside some money for a rainy day and whether or not you are setting aside enough now.
You do realize that most of us on here will never, ever have these sorts of problems, right? $500-$800 on dinner - where on earth do you eat? |
Anonymous
| Where are you from |
Anonymous
| trollcity |
Anonymous
| Trolly trolly troll. Are you people really that gullible or just sleepy |
Anonymous
Troll trolling! |
Anonymous
Seriously. If your mil had "old money" you'd think your wife would have a clue about her own family and history. "Old money" sets up trust funds for descendants so that someone like your mil doesn't blow through a large chunk without being subject to some restrictions. If your wife is 23 and has heard nothing about her trust fund then either your mil isn't that rich or you are a troll. |
Anonymous
| You and your wife need to voice these concerns with the family accountant. He would know the situation. He might not be able to tell you exactly how much money your MIL has but might tell you in general terms if you are okay. I would also think the accountant would tell your MIL if she needs to tone down the spending. |
Anonymous
| your story does not have a leg to stand on. and if your wife was a well educated person from old money, she would not have married somebody who writes like you |