People starting to think about the future and paying off debt.
- Thread starter JLM
- Start date
That is great. It means you are sure of what big ticket things you need, not want to have as so many do.
The flip side is your children learn as well.
Knowing we wouldn't get an inheritance I spent a good chunk of my 40's working my *** off on an internet project, hoping to create my own inheritance. In the end it paid off and allows us to be debt free. In some ways I feel lucky but I worked too hard to have that feeling last too long.
My hubby's parents talk all the time about 'protecting the inheritance'. We were all there for dinner one night when they were talking about having helped out their eldest financially through a tough divorce, but that the rest of us shouldn't stress, as the will was rewritten to reflect the disparity, and it would all even out in the end. The response from everyone was, 'we have more money than you, we don't need an inheritance, and you never have to justify how you spend your money. Aim to go out at zero. You earned it, spend it on yourselves.'
Germany Demands Broke PIIGS Bail-in Rich Citizens!
The Bundesbank has dropped a DIESELBOOM on the European markets Monday morning, calling on Eurozone nations about to go bankrupt (ie Greece, Italy, Portugal, & Spain) to initiate a one-off capital levy bail-in on their wealthiest citizens prior to asking other nations (read Germany) for bail-out help.
Yes, you read that correctly, the most powerful Central Bank in the Eurozone has just openly called for Eurozone wide bail-ins.
Saving is a good idea but don't leave it in banks too long.
The Bundesbank has dropped a DIESELBOOM on the European markets Monday morning, calling on Eurozone nations about to go bankrupt (ie Greece, Italy, Portugal, & Spain) to initiate a one-off capital levy bail-in on their wealthiest citizens prior to asking other nations (read Germany) for bail-out help.
Yes, you read that correctly, the most powerful Central Bank in the Eurozone has just openly called for Eurozone wide bail-ins.
Saving is a good idea but don't leave it in banks too long.
Yes they do and I don't think they're as secure as you do. I have begun to get out of banks altogether until the fix gets done.
I believe that anyone who has money locked in to one of those vehicles is going to watch them fall to zip. Remember the legislation is already in place to strip private accounts of all kinds
Check the returns on those "products"
I agree. If the bank wants you to invest in something prepare to be an_aly reamed as you dividend.
Yeah, the returns suck and we've lost some money over the last three years. One and a half percent sure ain't worth the bail in risks and since it seems it's already cutting into 401Ks in the states I'm reinvesting everything in hardware.
Our daughter knows that she will inherit. She and her husband are also aware that funds will be set aside for the Grandchildren. They can access a portion at 30, then 35 and the balance at 40.
I believe those are important points in a persons life where extra money can be useful.
Age 30 or so possibly married, or not. Possibly buying or have purchased a house.
Age 35 a house if not earlier, then the funds can be used for whatever.
Age 40, if they have kids, well then it will be handy as they could be starting University or such.
I believe those are important points in a persons life where extra money can be useful.
Age 30 or so possibly married, or not. Possibly buying or have purchased a house.
Age 35 a house if not earlier, then the funds can be used for whatever.
Age 40, if they have kids, well then it will be handy as they could be starting University or such.
WitI'm just keeping an eye on the falling market. If it falls enogh, I've got some funds with which to make MY MOVE. 
WitI'm just keeping an eye on the falling market. If it falls enogh, I've got some funds with which to make MY MOVE.
How does that work?
WitI'm just keeping an eye on the falling market. If it falls enogh, I've got some funds with which to make MY MOVE.
You better hope it doesn't keep falling. 8O