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Reply to "How common is it for young adults to receive life changing amounts of money from family?"
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[quote=Anonymous]Depends if their grandparents died. Parents become generous once they inherit or grandparents leave money to grandkids. I used to think like you and I was raised not getting anything. But that’s not the way the rich get richer. In your 20s you have the most need for money that you’ll ever have. And it’s life changing in your 20s. You could have graduated without debt, gone to grad school, bought a house instead of paying rent, got married sooner, been able to have kids earlier (Dh and I waited 8 years to save up). I inherited 500k in my late 30s. Nothing changed. My big decisions were already over. If I have millions that my kids will inherit, I will give yearly to them versus just giving it to them when they’re in their 70s and don’t need it. [/quote]
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