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How many have bought something "cool" after an inheritance?
11-16-2021, 11:55 AM
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#1
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Recycles dryer sheets
Join Date: May 2013
Posts: 90
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How many have bought something "cool" after an inheritance?
I'd like to hear any stories of people who have purchased something "cool" after they were left money. Looking back, was it a good idea or did you regret your decision at all?
My wife says I should buy something for myself, but there's nothing I really want or need.
I remember when my dad and his two brothers got $30k each in 1991. One drank it away, one lost it in the divorce and my dad built a workshop at his house. I guess he got the money back when the house sold, but thinking what that could be worth today is crazy.
But, you can't take it with you.
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11-16-2021, 12:23 PM
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#2
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Recycles dryer sheets
Join Date: Jun 2019
Location: San Diego
Posts: 220
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We remodeled our downstairs which included a major kitchen remodel. My husband had just recovered from being seriously ill for several years and the house looked as worn down as we felt. The remodel helped boost our mood and get rid of some ugly memories. I don't regret a penny spent.
If there's nothing you want, I wouldn't buy something just to spend money. Maybe there's an experience (travel, gifts to someone else) that would have more meaning for you.
__________________
Happily Retired Since October 2018
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11-16-2021, 12:25 PM
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#3
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Recycles dryer sheets
Join Date: Oct 2019
Location: Glasgow
Posts: 186
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I gave my modest inheritance to my kids to assist with house purchases.
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11-16-2021, 12:35 PM
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#4
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Recycles dryer sheets
Join Date: May 2010
Posts: 497
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__________________
You've got to ask yourself one question: Do I feel lucky? Well, do ya, punk?
Retired July '11 investments in very low cost index and mutual funds, balance once a year at best.
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11-16-2021, 01:06 PM
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#5
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2006
Location: Washington, DC
Posts: 11,318
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When my mother died in 1994 the estate was spilt 6 ways and was very small. I got enough to blow it all on a jet ski which I got a lot of enjoyment out of.
__________________
Idleness is fatal only to the mediocre -- Albert Camus
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11-16-2021, 01:32 PM
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#6
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Moderator
Join Date: Feb 2010
Location: Flyover country
Posts: 25,200
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When my mom died there was just enough left for me to buy a new camera. She would have been happy to see my pleasure in that, and it was certainly more than I expected.
__________________
I thought growing old would take longer.
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11-16-2021, 01:44 PM
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#7
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Thinks s/he gets paid by the post
Join Date: Apr 2012
Posts: 2,911
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When my grandmother died many years ago my sisters and I each inherited a modest amount.
I bought my first new car - a Honda Civic hatchback - to replace a lemon of a used car that was falling apart.
I drove that car for 18 years, and thought of my grandmother with gratitude every time it started up on cold winter mornings!
__________________
"Do not spoil what you have by desiring what you have not; remember that what you now have was once among the things you only hoped for." - Epicurus
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11-16-2021, 01:48 PM
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#8
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Oct 2017
Location: Chapel Hill, NC
Posts: 5,297
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I have never inherited anything. Am I the only one?
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11-16-2021, 01:49 PM
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#9
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Full time employment: Posting here.
Join Date: Dec 2016
Posts: 572
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My inheritance 'bought' me my early retirement...it put us over the top. That's pretty cool.
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11-16-2021, 02:01 PM
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#10
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Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,590
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The only things i’ve inherited so far are genes. My German sense of humor, Spanish punctuality, Irish sobriety, Italian seriousness, and my English informality - all the things I have inherited.
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11-16-2021, 02:12 PM
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#11
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Thinks s/he gets paid by the post
Join Date: Apr 2012
Posts: 2,911
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Quote:
Originally Posted by harllee
I have never inherited anything. Am I the only one?
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The only reason my sisters and I inherited a bit from my grandmother was because our mother predeceased my grandmother, and my grandmother's will dictated that what would have gone to my mother go to us (my mother's children).
__________________
"Do not spoil what you have by desiring what you have not; remember that what you now have was once among the things you only hoped for." - Epicurus
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11-16-2021, 02:17 PM
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#12
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 21,206
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Got a generous inheritance (IMO) but I banked every dime, didn’t buy a thing. OTOH my sister bought her first new car and a house with cash (from apartment living) with her inheritance, and still had a about half her (equal) inheritance left over. Our parents lived very comfortably, LBYM from long before anyone even coined the term, and left a sizable amount. I think our Dad’s last goal was to see how much he could leave, despite us telling him he should spend away - to which he just smirked every time…
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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11-16-2021, 02:18 PM
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#13
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Thinks s/he gets paid by the post
Join Date: Nov 2015
Posts: 2,691
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Nah, nothing here for me. Story of my life, have earned every dollar I have.
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11-16-2021, 02:19 PM
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#14
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Full time employment: Posting here.
Join Date: Dec 2016
Location: Living the Dream!
Posts: 844
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Way back when wife and I were first married she got a modest inheritance from a grandparent and we used it as a down payment for our little 900 sqft starter home.
We thought we were very cool as we moved our worldly possessions out of a crummy little apartment and into our own home.
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11-16-2021, 02:21 PM
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#15
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Posts: 5,342
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Quote:
Originally Posted by harllee
I have never inherited anything. Am I the only one?
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When my Paternal Grandmother passed away my Dad and Aunt got around $75K each when all was said and done. My Dad gifted my Brother and I $500 the following Christmas in honor of Her and my Aunt gave us each $20. I guess that counts as an inheritance and is all I have gotten so far. I MAY get $10-20K from that Aunt at some point and another $40K-ish from my parents if I outlive my Mom which is not a certainty. Crazy to think of what some people get for inheritances. Many people on here will be giving 7 figures to their heirs.
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11-16-2021, 02:30 PM
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#16
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2013
Location: Limerick
Posts: 5,638
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I used the money my dad left for a down payment on the home we have lived in for 20 years. Definitely a good move.
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11-16-2021, 02:35 PM
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#17
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Recycles dryer sheets
Join Date: Jun 2013
Posts: 337
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Quote:
Originally Posted by harllee
I have never inherited anything. Am I the only one?
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DW and I will not get a penny. Our surviving parents don't even own houses, let alone investments.
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11-16-2021, 02:35 PM
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#18
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2016
Posts: 8,968
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After my wife died I gathered up all her gold chains and the ones from her mother and sold them. Got enough dough for this Yamaha TW200;
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11-16-2021, 02:36 PM
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#19
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Thinks s/he gets paid by the post
Join Date: May 2011
Location: St. Paul
Posts: 1,847
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I paid off my mortgage. Yes, I'm that boring.
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11-16-2021, 02:38 PM
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#20
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Full time employment: Posting here.
Join Date: Sep 2007
Location: Portland
Posts: 584
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Quote:
Originally Posted by harllee
I have never inherited anything. Am I the only one?
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+1
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