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

[Anonymous]

If so, how did it change the way you approached your job, and for that matter, your life?

[Anonymous]

I did, at age 24 while in grad school. I finished school, got a job, pushed for promotions, and worked like anyone else. I just didn't bother with putting anymore than what the company would match in my 401k (I invested nearly everything I inherited).

[Anonymous]

No , I didn’t

[Anonymous]

Yes. Quit my job and became a SAHM. It was very freeing and I am super grateful for it.

[Anonymous]

No but I think about it all the time.

[Anonymous]

Anonymous wrote:No but I think about it all the time.

[Anonymous]

It didn't. My trust gives me chunks like that about every five years or for lifestyle milestones.

[Anonymous]

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.

[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.

I should also add that my parents did a phenomenal job of not showing us how much money they actually had. My father died in 2005. My mother was worth about 10 million at her death in 2010 and that year there was no federal estate tax so my brother and I inherited about 4 1/2 million dollars each after state taxes.

I would like to raise my family the same way and hope that leaving my children some money will allow them the comfort and stability as well as good sense that my parents instilled in us.

[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.

Why should you work? Wouldn't the world be better served by you volunteering? Or by you donating your full salary to charity each year, at least? Or letting someone who needs the money have your job instead?
What about uneducated women? Why don't they have to work?

[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.

Why do you think every educated woman should work? More to the point, who are you to say what anyone besides yourself should do?

[Anonymous]

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.

[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.

I love that you are now crazy rich and your indulgence is great produce!

[Anonymous]

My wife inherited about a million last year.

We had previously been somewhat obsessive savers while DINKs and had another million from savings / investment returns.

I am still a senior associate at a law firm. Don't quite know why.

Either they will make me partner very soon or I will peace out and do something else with my life.

My job is hella stressful but I am less stressed about the partnership chase. It probably has sapped my motivation a bit. I do very good work and the firm is quite busy but I think the managing partner would like it if I put in more hours. But I have two little kids and don't want to, money or not.

Maybe that's a good thing. Who knows. Time will tell I guess.

[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.

I love that you are now crazy rich and your indulgence is great produce!

+1 So cute.