The importance of money

This was my thought. He might die leaving her his inheritence... and all his debts.

Well, his estate would be responsible for his debt. It wouldn't transfer to his daughter.

But the debt is taken out of his assets before anything is passed down to her.
 
Even if that does happen, then she's a 50 year old woman with no retirement savings.
But maybe she's so screwed financially that she doesn't want to think realistically about her debts.

She is hoping to inherit property and land as in the UK owning and selling property can end up as your retirement fund here.

Is she certain dad has an inheritance to leave her? A lot of times the apple doesn't fall far from the tree.

Exactly, especially since the financial crisis and he has had to remortgage his business. He could also be very ill in his old age and have to sell his assets to pay for his care.
 
She is hoping to inherit property and land as in the UK owning and selling property can end up as your retirement fund here.



Exactly, especially since the financial crisis and he has had to remortgage his business. He could also be very ill in his old age and have to sell his assets to pay for his care.

That is what has happened to my inheritance.
 
Is she certain dad has an inheritance to leave her? A lot of times the apple doesn't fall far from the tree.
I used to work with a woman who was laughing her *** off because her parents did a reverse mortgage on their home. Spending down the inheritance her loser brother was counting on.
 
One of the defining characteristics of humans is our ability to think symbolically. Money may only be paper, but it represents much more. It's what it represents that's important.

I don't worry or stress over it. But think about it? Absolutely. I have a detailed system of management which occupies my thoughts regularly, and that's exactly why I don't have to stress over it.
 
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I don't worry or stress over it. But think about it? Absolutely. I have a detailed system of management which occupies my thoughts regularly, and that's exactly why I don't have to stress over it.

Budgeting is a very smart thing to do.
 
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