cousin blew through $2-$3 million inheritance, now hitting me up for cash. I cannot believe it

Run as fast as you can.

amadeus ex machina wrote:

RunnerSam wrote:

Tell her to move and make better choices

I would, but she has 3 kids. It's not fair to them to put them through hell just becuase their parents suck

You really think you giving her $4k for a months rent in going to change one single thing for her kids?

If she's broke she should be looking for a $1000 a month place, not asking for $4k.

If she needs money for food, that's when you step in, not to pay rent on a luxury condo.

Save the $4k, she'll need it later.

Don't be a fool.

I bet she's not broke. She has probably increased that inheritance and is just testing you to see if you would help her out if she did get in that situation. You're going to blow a chance to get your hands on some of that money if you turn your back on her.

She's seeing who are loyal family members before she shares the wealth.

Tell her you will give her $4k if she files for chap 7 bankruptcy and start over financially (i.e. affordable apartment, public transportation or economy vehicle, etc.). People who spend time with the high roller class think that living the luxe life is how they are supposed to live their lives. When they have some business reversals and run out of cash, they just start borrowing to maintain their lifestyle. The only way to get them out of that mentality is to totally take them out of that world financially. In Chap 7, she will have to liquidate her assets (if any), but will be free of her creditors. She will have garbage credit for the next few years but can get back to a good credit rating in seven years. That will keep her from having the ability to borrow to stay in the luxe life.

She blew through 3 mil

Do you really think giving her 4K will change her situation?

How often did you hit her or her parents up for cash when you were younger?

Do not give your money for lease. Do you really think next month she will be able to pay it? It's absurd. If she's so broke that she can't pay even for living then she needs to start it all over. First by renting cheaper apartment. It will not work out whatever you do.

I understand that you feel sorry for the kids and you probably should help them if they ask you but definitely not by giving money. You can buy food, medicines or help to try to find job but not just give your money away. You will end up paying monthly

amadeus ex machina wrote:

RunnerSam wrote:

Tell her to move and make better choices

I would, but she has 3 kids. It's not fair to them to put them through hell just becuase their parents suck

You think you shelling out money to her now will make her kids better off? She's just going to blow through that money and then need more and the cycle will continue until you are broke to or have the balls to say no.

amadeus ex machina wrote:

What's the best action here?

Try a new story. Not bad, because you had a page of responses. But nobody wealthy has "tons of CDs". Unless you mean compact discs. 3/10

It doesn't matter that she has 3 kids. It's not your responsibility. Keep your $$$ and DO NOT RESPOND TO HER!!!!!!!

don't respond lol

She blew through $3 million and you expect her to pay you back?

Kids or not, no way in hell I'd loan this woman money, because it'll be gone in 5 seconds and she'll be back begging for more. $5 million won't be enough and not a penny of it will she give to her kids.

The only thing I would lone her is this:

http://bfy.tw/Iak

By the way, how much did she loan you when she had $3 million?

Loan her that amount immediately, in other words, "none."

amadeus ex machina wrote:

RunnerSam wrote:

Tell her to move and make better choices

I would, but she has 3 kids. It's not fair to them to put them through hell just becuase their parents suck

Tell her the kids can live with you.

Bro the fact you are on a running message board asking this question is absolutely terrifying.

There's a lot of assumptions being made here. Maybe the house wasn't paid off. Maybe the surgeon was just as wasteful with money and had no savings. A garage full of cars means he's probably spending every dollar he makes and not saving much. You admitted to not being privy to the details, so maybe the family was just big talkers who claimed to be super wealthy when in reality they were in debt up to their eyeballs. It's very common for people to talk themselves up and the reality is they are flat broke. Even with a good job. It's easy to live paycheck to paycheck even when you make $500k a year. You eat and drink at the most expensive restaurants and spend all your money. Buy an expensive car every year and that money is gone faster than you made it. But at least you have nice shiny objects!

But if you are right and the cousin blew through $3m in five years then 1) have pity on her and be sympathetic, and 2) don't give her $4k. Ask her if she needs money for food. Start with the necessities. Without a job she won't be able to pay for her apartment so any money put into that is a waste. But food is a necessity to live.

Drugs are bad

You really think she's going to be proactive and responsible with that four thousand if she blew through three million plus in five years? Even if it goes directly towards the lease with no slippage, what changes after you give her the money? Nothing. She and her husband will most likely dick around for thirty days and she'll come to you again with the same problem. Letting her have the 4k is just kicking the can down the road and you're the only once who's paying for it with each successive bounce. If you're worried about the kids specifically, consider reaching out to other trusted relatives and weighing options with them. If you decide you do want to help her, get her out of that apartment and into something low-scale and affordable.

Tell her to move in with you and charge$1k-$2k amonth. Win Win