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Started By
Message
How should I handle this situation figuring out my Dad used my birth money?
Posted on 5/21/16 at 11:09 am
Posted on 5/21/16 at 11:09 am
I just graduated in Petroleum Engineering. As one could expect, right now I'm jobless. I'm trying to gather up all the money I've attained through life and invest it. When I was born and when I graduated high school, my uncle gave me $1,000. He told my dad to put it in an S&P 500. When I graduated a week ago, he said both of those combined are $8,500 if my dad had invested it. I also gave my dad $1,500 when I was 14 to invest in a stock. I have a couple other sources of cash too.
I just figured out my dad used that money on other things when it was given to him. My dad does very well financially but it doesn't surprise me that he did this. He has paid for everything my whole life including college and my car, but I had TOPS. He also had a hefty $10,000 hospital bill when I was drunk and cracked my skull in a fight in tigerland. So $3,500 given to him, should be $10,000 now. Considering he's paid for everything in my life, what would be a fair amount to ask for him to give to me to invest?
I just figured out my dad used that money on other things when it was given to him. My dad does very well financially but it doesn't surprise me that he did this. He has paid for everything my whole life including college and my car, but I had TOPS. He also had a hefty $10,000 hospital bill when I was drunk and cracked my skull in a fight in tigerland. So $3,500 given to him, should be $10,000 now. Considering he's paid for everything in my life, what would be a fair amount to ask for him to give to me to invest?
27
Posted on 5/21/16 at 11:13 am to Tamer of beasts
quote:
Considering he's paid for everything in my life, what would be a fair amount to ask for him to give to me to invest?
Posted on 5/21/16 at 11:19 am to Tamer of beasts
Say thank you, cut your loss, and move on.
Posted on 5/21/16 at 11:19 am to Tamer of beasts
quote:
He also had a hefty $10,000 hospital bill when I was drunk and cracked my skull in a fight in tigerland. So $3,500 given to him, should be $10,000 now
Best troll post ever.
That fun night in Tigerland was paid for by you, baw.
quote:
He has paid for everything my whole life
Free ride is over. Time to work for that shite.
quote:
I just graduated in Petroleum Engineering
You're at least 22 then. Quit whining.
quote:
As one could expect, right now I'm jobless
That's your choice. There are jobs out there, you probably just think you're "too good" for them. Newsflash: there is no job that you are "too good" for. You're young and you know nothing (as evidenced by this post).
Posted on 5/21/16 at 12:26 pm to Tamer of beasts
I'm dying laughing right now.
ETA: To clarify, not laughing at you, but I'm imagining bringing a bill to my father for what he owes me, only to know he has a much much bigger one for me.
ETA: To clarify, not laughing at you, but I'm imagining bringing a bill to my father for what he owes me, only to know he has a much much bigger one for me.
This post was edited on 5/21/16 at 12:32 pm
Posted on 5/21/16 at 12:43 pm to geaux.home
My dad gave me an "emergency only" credit card for my time in Baton Rouge that I used for anything but. Upon graduation he switched the billing to my address - during school he paid 3x the minimum every month, which didn't really put a dent into it. I had no idea there was a balance 
.
Hard to say it wasn't worth it though.
. Hard to say it wasn't worth it though.
This post was edited on 5/21/16 at 6:06 pm
Posted on 5/21/16 at 12:43 pm to Tamer of beasts
You do realize you have a net liability to your dad in a likely range of 200k-500k. This is assuming he raised you.
Posted on 5/21/16 at 1:20 pm to Tamer of beasts
This thread can't be real.
Posted on 5/21/16 at 1:27 pm to Tamer of beasts
Posted on 5/21/16 at 1:48 pm to Tamer of beasts
I feel like you should ask him to take you to Raising Canes to get a Caniac. Should he haggle with you you should accept nothing less than a snack 
Posted on 5/21/16 at 1:52 pm to Tamer of beasts
Just tell him that you need the money that you're ENTITLED to in order to EMPOWER yourself within a SAFE SPACE, and so that you can deal with the PATRIARCHAL BULLYING and MICRO AGGRESSIONS that PRIVILEGED people have using to OPPRESS and OFFEND you.
Please let us know how this pans out. By the way, does your dad have violent tendencies? Hopefully he does.
Please let us know how this pans out. By the way, does your dad have violent tendencies? Hopefully he does.
Posted on 5/21/16 at 1:52 pm to Tamer of beasts
Ask him what he thinks is fair. Thank him for anything he offers, even if it's $0.00.
Lesson, don't give your dad money and expect to get any of it back.
Lesson, don't give your dad money and expect to get any of it back.
Posted on 5/21/16 at 1:59 pm to Tamer of beasts
quote:
what would be a fair amount to ask for him to give to me
Side note, you have no job or source of income, why the frick are you worried about investing? Get a job, pay your own bills, save up an emergency nest egg THEN start worrying about investing.
Posted on 5/21/16 at 2:36 pm to Tamer of beasts
this isn't the OT punk.
GTFO with that bullshite.
GTFO with that bullshite.
Posted on 5/21/16 at 2:58 pm to Tamer of beasts
Did he just take the money for himself and it's gone or is it there just not invested and worth the supposed $10k? If it's there, but not invested as instructed just ask for your money and move on. If it's gone and he's taken it...that's a weird situation. I have no advice...don't give your dad your money again. I had a checking account in HS, you should've too.
This post was edited on 5/21/16 at 3:04 pm
Posted on 5/21/16 at 3:01 pm to Jag_Warrior
quote:
Just tell him that you need the money that you're ENTITLED
Why would he not be entitled to money given to him?
Posted on 5/21/16 at 3:19 pm to Tamer of beasts
I mean I have a relationship with my dad where I could ask him what he did with the money I gave him and he would tell me... I was actually surprised to see that my parents had kept all the money given to me as presents and what not and they "gave me back" the account when I graduated college as a gift of sorts. Maybe your dad has done something similar and is just waiting for you to quit being a dumbass.
This post was edited on 5/21/16 at 3:21 pm
Posted on 5/21/16 at 3:22 pm to Tamer of beasts
This is the society we live in today, he raised you, sent you to college, got you a car, paid your medical bills (not because of an illness but because you were doing something you shouldn't have been), and by him doing all of this for you it allowed you to get a degree where you will make a good living and provide for your family when the time comes. I noticed you said that he paid for your college even though you had tops, consider the fact that you shouldnt have any loans coming due soon and no job to pay it with, that's bc of your dad and now you think he owes you something?
Posted on 5/21/16 at 3:30 pm to Tamer of beasts
I love the fact that your uncle mandated it be invested in the S&P 500.
Posted on 5/21/16 at 3:32 pm to Tamer of beasts
Buy him a beer and thank him for everything he's done for you.
LOL at the notion he owes you anything.
LOL at the notion he owes you anything.
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