inheriting $2.5 million dollars

osaka wrote:

On the other hand, it's not enough to quit or jobs

yes it is

osaka wrote:

and raise our children properly

[/quote]

WTF does that mean?

That totally sucks that you will still have to raise your kids improperly...

osaka wrote:

Got the rundown this weekend from my mom, total inheritance will be about $2.5mm cash plus my dad's 2 family house and 2 rental properties. I make 175k, wife makes 100k, both early 30's, 2 kids.

Not sure what to think. On the one hand, it's pretty decent On the other hand, it's not enough to quit or jobs and raise our children properly so it's business as usual. Kind of disappointed in that regard. Wife doesn't know much about it. I'm watching The Crown season 1 on Netflix. Might get a celebratory drink alone tomorrow after work.

If you are respected by management at your job, if you like your co-workers, if you respect your manager, if you are good at your job, then stay. If/when you get 2.5 million in cash, if cannot think of anything better to do with your time than show up at work at an awful job, shame on you. If you like your job, no issues.

Also, inheritances shouldn't be celebrated

give the money away wrote:

osaka wrote:

On the other hand, it's not enough to quit or jobs

yes it is

$5MM is the threshold for nice coastal areas.

7/10 Nice envy/life choices discussion bait with some quick responses. I give it a 7 because it will go on.

elmo had test-tickles wrote:

7/10 Nice envy/life choices discussion bait with some quick responses. I give it a 7 because it will go on.

Hmm $250k+ income yet he failed to mention the wife's looks or his prowess on the track. THEY'RE NOT F***ING MILLIONAIRES, YOU KNOW.

Hmm.. I think 3/10. 7/10 seems a bit generous.

give the money away wrote:

yes it is

Maybe in Iowa or whatever it is you're from, but if you live in a place like California, no it's not. That's like $60,000 if you're living on interest along and not drawing off the principal. Seeing as how I'd rather not move to a stucco bungalow in the Inland Empire and eat beans and rice all year, that ain't enough.

Our monthly expenses are close to 15k. The $2.5 will be a nice cushion / windfall but it's not going to allow me to quit my job.

after Mom's healthcare is deducted from the estate, it will be ~0 or so?

only 40 years to go OP., hang in there bro

osaka wrote:

give the money away wrote:

yes it is

Maybe in Iowa or whatever it is you're from, but if you live in a place like California, no it's not. That's like $60,000 if you're living on interest along and not drawing off the principal. Seeing as how I'd rather not move to a stucco bungalow in the Inland Empire and eat beans and rice all year, that ain't enough.

Our monthly expenses are close to 15k. The $2.5 will be a nice cushion / windfall but it's not going to allow me to quit my job.

Live in nyc, travel internationally 4-6 times a year, eat out most of the time. Live on 40k. So, try again

2.5 million invested gives you 80000 forever and that's being extremely conservative.

osaka wrote:

Our monthly expenses are close to 15k. The $2.5 will be a nice cushion / windfall but it's not going to allow me to quit my job.

Why not quit and do something part time? Or take a lower paying job that's more enjoyable?

To clarify, I spend 40k a year.

Give it all away wrote:

Live in nyc, travel internationally 4-6 times a year, eat out most of the time. Live on 40k.

Bull. Sh!t.

Give it away wrote:

Also, inheritances shouldn't be celebrated

I know. However, that is easy for you to say as most of you losers won't even get the meager amount that I am getting. But you are right that 2.5 million ain't worth celebrating.

naked mole rat wrote:

osaka wrote:

Our monthly expenses are close to 15k. The $2.5 will be a nice cushion / windfall but it's not going to allow me to quit my job.

Why not quit and do something part time? Or take a lower paying job that's more enjoyable?

Yeah. Good idea. Thinking about becoming a Walmart greeter. Part time.

Give it all away wrote:

osaka wrote:

[quote]give the money away wrote:

yes it is

Live in nyc, travel internationally 4-6 times a year, eat out most of the time. Live on 40k. So, try again

2.5 million invested gives you 80000 forever and that's being extremely conservative.

LOL!!! How's living with 5 roommates in the Bronx working for you?

osaka wrote:

give the money away wrote:

yes it is

Maybe in Iowa or whatever it is you're from, but if you live in a place like California, no it's not. That's like $60,000 if you're living on interest along and not drawing off the principal. Seeing as how I'd rather not move to a stucco bungalow in the Inland Empire and eat beans and rice all year, that ain't enough.

Our monthly expenses are close to 15k. The $2.5 will be a nice cushion / windfall but it's not going to allow me to quit my job.

Grab a nice place in Yucca Valley near the park, but away from the tourist RV traffic.

You'll have all damn day to drive to the coast to fark around and whatever. And not work.

I'd do it in a second. Since the money ain't enough for you, give it to me and I'll remove two cars from IE traffic.

osaka wrote:

Got the rundown this weekend from my mom, total inheritance will be about $2.5mm cash plus my dad's 2 family house and 2 rental properties. I make 175k, wife makes 100k, both early 30's, 2 kids.

Not sure what to think. On the one hand, it's pretty decent On the other hand, it's not enough to quit or jobs and raise our children properly so it's business as usual. Kind of disappointed in that regard. Wife doesn't know much about it. I'm watching The Crown season 1 on Netflix. Might get a celebratory drink alone tomorrow after work.

If your parents are still alive then I wouldn’t start counting those chickens.