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Reply to "Time for some “riches to rags” stories."
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[quote=Anonymous]Also, not riches to rags but good friend’s mom blew through her trust fund and then had her three children sign over their trusts (from grandparents) to her (claimed her parents intended the money for her and put it in their name for tax purposes). Blew through everything and now is still working in her 70s and needs to downsize considerably in order to retire at some point in the next decade or so. Just horrible with money. No restraint. It took my friend a long time to learn that “easy come easy go” was not the best motto to live by from a financial perspective. [/quote]
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