Anonymous wrote:I just got word that a significant amount of money will be coming my way and I would like to share it with my (both older) siblings. To provide background they're both married and successful engineers, homeowners with nice cars, and great careers. I'm the single sibling that lives a chaotic life and enjoys every minute of it! Neither one of them *need* money to say the least lol
I've been thinking about how I can share this with them. All of us are estranged from our parents and my siblings have honest to God been incredible with the examples they set. We grew up fairly poor and they're 100% the reason I didn't end up in the poverty cycle. I wouldn't be where I'm at in life without them carving the way.
All that being said, I'm considering 10k for each of them and then 10k towards my only infant nephew's college fund. I know they'll do all they can to say no, so is there a creative or sentimental way I can ensure they know I am doing this with no expectations? I'd love to hear your stories, all I can find is nightmare scenarios online!
As far as what I'm doing with the money? Nothing but letting it sit in my Vanguard brokerage account. I dont own a house, I have a car that's paid off. I'm comfortable but don't need more and (if you grew up poor) spending money needlessly terrifies me. Weird situation, but one that's not going to change my life much.
Anonymous wrote:I would treat everyone to an experience as others have mentioned. And then give the nephew $5000 for their 529 letting your siblings know you intend to do the same for each niece and/or nephew if you are able to do so. And once they are all past the having babies stage, you could contribute equal amounts to each of them if you are willing and able.
Anonymous wrote:I just got word that a significant amount of money will be coming my way and I would like to share it with my (both older) siblings. To provide background they're both married and successful engineers, homeowners with nice cars, and great careers. I'm the single sibling that lives a chaotic life and enjoys every minute of it! Neither one of them *need* money to say the least lol
I've been thinking about how I can share this with them. All of us are estranged from our parents and my siblings have honest to God been incredible with the examples they set. We grew up fairly poor and they're 100% the reason I didn't end up in the poverty cycle. I wouldn't be where I'm at in life without them carving the way.
All that being said, I'm considering 10k for each of them and then 10k towards my only infant nephew's college fund. I know they'll do all they can to say no, so is there a creative or sentimental way I can ensure they know I am doing this with no expectations? I'd love to hear your stories, all I can find is nightmare scenarios online!
As far as what I'm doing with the money? Nothing but letting it sit in my Vanguard brokerage account. I dont own a house, I have a car that's paid off. I'm comfortable but don't need more and (if you grew up poor) spending money needlessly terrifies me. Weird situation, but one that's not going to change my life much.
Anonymous wrote:OP, you stated that you just got word, but also that the money is saved. Which is it?
Anonymous wrote:Op is not asking if they are financially secure - I imagine they know they are if they’re talking about having decades of passive income. They’re asking how to gift the money - I agree give an experience if possible. A trip may be hard with an infant, especially if the one infant is the start of a few kids
Anonymous wrote:Anonymous wrote:Save your money. Your successful siblings aren’t going to want to bail you out if life takes a downturn for you financially. Put aside money to gift your nephew and any future nieces/nephews at significant milestones if you want to be generous.
OP here. Money is saved. I have passive income that has ~30 years left and can sustain me. Nobody is going to need to bail me out.
Anonymous wrote:Anonymous wrote:OP. You’re awesome. My DH and I grew up with very little. We are now financially successful and very generous. I’m amazed at how cheap people are. Especially those with a lot more money. It’s nice to see people like you still exist. Good luck!
Does OP have more money than his siblings? Doesn’t seem so.
Anonymous wrote:I would use it for specific gifts or milestones. Honestly, if my sibling gave me $10K, I'd be shocked and appreciative... and then I'd deposit it and it wouldn't make any impact on my account. If he said, "I got you dinner reservations at that place you've always wanted to go to with a $500 tasting menu" then it would be more impactful.