re: The last check your parents write should bounce

My dad's parents left him nothing. He didn't have a mother. The little his dad had was cut up over five fighting siblings.

He said it's important to him that he leave me land and inheritance. He wants to start building family wealth...not letting the check bounce.

stupid statement.



My grandparents lived frugally, but still had money in the bank when they died.

You don't know if you'll make 80 or 90 or live to 100, so how do you plan to run out before or right as you die?

I learned financial responsibility from my parents.

Make a good salary then live paycheck to paycheck.
Then get 60% of salary every year until you die in retirement.

Except I didn't get the job with the pension.

I need to stop having $100 dinner dates every weekend and start saving.

Have you considered that some people get more joy out of knowing they're leaving a nice inheritance to their family than spending it all before they die?

Outstanding financial advice

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I'm guessing your family is not into creating wealth that lasts generations?

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Do you know how douchy kids are who have been handed everything?

My dad is enjoying his retirement too but that doesn't mean he'll die broke.

I've the op's quote phrased in a wittier way (pretty sure it was said by Slinging Sammie Baugh). "I hope I run out of money and breath at the same time". I always thought the quote pretty cute. That said, as an older poster, I find myself somewhere between concerned and aware of leaving my daughter well fixed, even though at age 19, it doesn't look like she'll need it. She'll be graduating undergrad on time, and headed to law school in two years.

Her mom and I are divorced, but she's an only child of an only child, and every parent/step parent/grandparent/step grandparent has done well.

While I do not think my financial responsibility extends past educating her, and helping her out as a little as a young professional maybe, I'd feel inadequate as her father if, when I die, my estates check to the funeral home bounced.

I disagree with the op's original post. While under no obligation to do so, I will gain comfort as an old man when I sit down with my daughter, tell her (hopefully as a daughter, mother, wife AND attorney) "this is what I've got, this is where it is, and baby, i'd encourage you to try and create stability for your family by passing on to them even more than was passed to you." Her inheritance will be relatively substantial, again, not necessarily from my wealth, but because she'll have it coming from so many legacies.

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I don't understand why you are promoting squandering your own family's wealth creation.

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Because the government is going to take 50% of whatever they don't spend

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Ya.......I can tell you with 100% certainty that my mother will NEVER write a check that bounces!

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Neither will mine. Now it might zero out the account, but it won't bounce