Did you inherit a large amount of money (>$2 million) mid-career?

[Anonymous]

Anonymous wrote:But it very clearly wasn't. The comment that everyone should work outside the home was one of the first responses in the thread and made long before any comment by a SAHM about how it shows she loves kids more than work.

You misread my post. I meant that I think the SAHM was being snarky as a response to the original post about how everyone needs to work.

Ultimately I am more on the SAHM side than the WOHM side simply because work was made for man, not man for work. There are a lots of ways to bring meaning to life and add value to one's community that don't involve receiving W-2 compensation.

But I think everyone's gotten the point now...

[Anonymous]

Anonymous wrote:I did. I took advantage of it and took 11 years off to raise my three kids from birth till late elementary, being able to savor every moment with them, to show them daily how they are more important to me than making money I don't need. I am going back to work now, to show them what it means to have a healthy work/life balance. I take exciting trips and have them fully funded for college. I buy the best produce. Nothing much else is different about my life than most anyone else who is UMC, I'd bet. Nobody knows.

What a stuck up statement to make. Providing financially for your kids IS apart of raising them. Not everyone will inherit a million dollars from a family member.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I did. I took advantage of it and took 11 years off to raise my three kids from birth till late elementary, being able to savor every moment with them, to show them daily how they are more important to me than making money I don't need. I am going back to work now, to show them what it means to have a healthy work/life balance. I take exciting trips and have them fully funded for college. I buy the best produce. Nothing much else is different about my life than most anyone else who is UMC, I'd bet. Nobody knows.

What a stuck up statement to make. Providing financially for your kids IS apart of raising them. Not everyone will inherit a million dollars from a family member.

What a chip on your shoulder- pp made a sincere post and you act like a jerk with faux outrage.

If you’re that damn jealous, work a little harder and try to make something happen for yourself.

[Anonymous]

Sorry OP, this thread is going nowhere by PPs arguing over irrelevant stuffs..

[Anonymous]

I did and I retired. I volunteer a lot.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I did. I took advantage of it and took 11 years off to raise my three kids from birth till late elementary, being able to savor every moment with them, to show them daily how they are more important to me than making money I don't need. I am going back to work now, to show them what it means to have a healthy work/life balance. I take exciting trips and have them fully funded for college. I buy the best produce. Nothing much else is different about my life than most anyone else who is UMC, I'd bet. Nobody knows.

What a stuck up statement to make. Providing financially for your kids IS apart of raising them. Not everyone will inherit a million dollars from a family member.

What a chip on your shoulder- pp made a sincere post and you act like a jerk with faux outrage.

If you’re that damn jealous, work a little harder and try to make something happen for yourself.

'

How do you know what kind of $$$ I have??? Perhaps you think it's sincere because you and that poster are cut from the same cloth and should probably hang out so you can be snobs with each other.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Not yet, but someday we will. When my grandparents passed away, my father declined his inheritance and had it pass to each of his children so I received about $500,000 last year. It was an incredible gift for a young family. My Dad was very successful and I know he and my Mom have set up trusts for us but I'm clueless as to the value and I don't want to see it for many years because it will mean they are gone. But they have already set up very well funded 529 plans for each grandchild and they are very generous with gifts at Christmas. While my parents are very generous they expect each of their children and spouses to work hard and support themselves and we do.

Does knowing what's on the horizon change your ambition or what you do with the money you currently earn?

It hasn't changed our goals or ambition (siblings included) because we have careers we really enjoy and not just jobs. In terms of the money we currently earn we still save a lot because that's what our parents did and it sure paid off for them. But with the 529's and the annual gifts no doubt there is less pressure on us then for most people but it would be a big disappointment to my parents if they saw us slacking off.

[Anonymous]

Anonymous wrote:I did and I retired. I volunteer a lot.

This is what I would do. If I didn’t need the money, I would volunteer and let someone else who really needs the job have it.

[Anonymous]

Would you retire at about 2k?

[Anonymous]

Anonymous wrote:

Anonymous wrote:I did and I retired. I volunteer a lot.

This is what I would do. If I didn’t need the money, I would volunteer and let someone else who really needs the job have it.

I’m that poster. I really enjoy it. This week, for example, I volunteered Tuesday and Wednesday. I’ll also volunteer all day tomorrow.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I did. I took advantage of it and took 11 years off to raise my three kids from birth till late elementary, being able to savor every moment with them, to show them daily how they are more important to me than making money I don't need. I am going back to work now, to show them what it means to have a healthy work/life balance. I take exciting trips and have them fully funded for college. I buy the best produce. Nothing much else is different about my life than most anyone else who is UMC, I'd bet. Nobody knows.

Nice little dig there on moms who work because they enjoy it.

Yeah, the kids aren't important to parents that work, after all.

That’s not what I meant at all- I specified “that I don’t need”, my trust is large enough to allow me to not work. I AM going to work (while still being a parent) now that they are older and their needs (and mine, for fulfillment in another arena) have changed.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I did. I took advantage of it and took 11 years off to raise my three kids from birth till late elementary, being able to savor every moment with them, to show them daily how they are more important to me than making money I don't need. I am going back to work now, to show them what it means to have a healthy work/life balance. I take exciting trips and have them fully funded for college. I buy the best produce. Nothing much else is different about my life than most anyone else who is UMC, I'd bet. Nobody knows.

What a stuck up statement to make. Providing financially for your kids IS apart of raising them. Not everyone will inherit a million dollars from a family member.

I know. I was responding to the question asked as I did inherit (didn’t earn it in any way). I would answer a different question a different way.

[Anonymous]

Anonymous wrote:Yes. I inherited about 5 million approximately eight years ago. It is now closer to 7. I’m 40.

I left my corporate job and now work at a nonprofit. I actually still make a decent salary (95k) but do not worry about money. I am a diehard WOHM and believe that every educated woman without major health issues and/or other debilitating situations should work. I’m aware that I am lucky to work at a flexible job that pays decently and make you feel good about what I contribute to the world. That said I did not earn this money and would not quit to rely on it.

My husband and I bought a $1 million house in cash and have comfort in the fact that our retirement and children’s college funds are completely funded.

Well how about "I believe every caring mother who can afford to stay at home with her young children--without major health issues and/or other debilitating situations should NOT work outside the home and should be present in the day-to-day life of her children rather than farming out the task of nurturing and mothering to a hired worker."

My...how sanctimonious it sounds when someone else feels they know what is best for others. You do you, PP. But why not let everyone else do what they do and shut your trap about it.

[Anonymous]

We didn't inherit the money but my husband's company went public and we made several million dollars on the sale of his stock. I quit my job and he's at a new startup (he loves his work).

[Anonymous]

Anonymous wrote:

Anonymous wrote:Yes. I inherited about 5 million approximately eight years ago. It is now closer to 7. I’m 40.

I left my corporate job and now work at a nonprofit. I actually still make a decent salary (95k) but do not worry about money. I am a diehard WOHM and believe that every educated woman without major health issues and/or other debilitating situations should work. I’m aware that I am lucky to work at a flexible job that pays decently and make you feel good about what I contribute to the world. That said I did not earn this money and would not quit to rely on it.

My husband and I bought a $1 million house in cash and have comfort in the fact that our retirement and children’s college funds are completely funded.

Well how about "I believe every caring mother who can afford to stay at home with her young children--without major health issues and/or other debilitating situations should NOT work outside the home and should be present in the day-to-day life of her children rather than farming out the task of nurturing and mothering to a hired worker."

My...how sanctimonious it sounds when someone else feels they know what is best for others. You do you, PP. But why not let everyone else do what they do and shut your trap about it.

Some people believe what you wrote. I don't. Different strokes, and all that. Not the point of this thread. - pp