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Money and Finances
Reply to "moral/ethical dilemma regarding trust fund spending"
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[quote=Anonymous]OP, this basically happened to me recently and I also had major hang-ups about it. My parents offered me $300K to help me sell my old house and purchase a more expensive house that would be closer to work. With the equity I had in my previous house, I basically went from a 500K house to an 800K house and my mortgage remained the same (300K). I was stuck on whether to accept the gift for about 4-6 weeks and was really torn. In the process, I learned some good things about myself -- that is is hard for me to accept a gift, that I hate appearing spoiled, and that I want to "do it on my own" as much as possible. After chewing on that for several weeks, I also realized that getting a house closer to work would please my parents (my mom was getting a little anxious that a long commute was going to hurt my health - I know, a little nutty, but that's how she can be), as well as the fact that they would receive joy from seeing me enjoy the new house. I also realized it was a quality of life issue and that moving would benefit me for years to come. It still wasn't easy for me to accept the gift, but in the end I realized I'd be foolish if I didn't take it. Looking back now about 8 months later, it was a great decision. I now have a house I LOVE (instead of just like) and I can honestly see myself staying here the rest of my life. I know I'm tremendously blessed, and I am trying to share my home with others as much as I can because while I know on paper it is "mine" -- I don't really see it as mine. I see it as God's blessing and so I want to share it. [/quote]
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