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You can't take it with you, but at least do something meaningful or useful with it.
A few years ago I received an unexpected card and check from a very distant family friend. I vaguely remember him from childhood. Something about getting old and having too much money, here's a gift for you...it was a check for $250. LOL! I mean, it was a nice surprise, but more like flaunting themself rather than being generous enough to make a difference in someone's life. I wonder what everyone else on his "money list" received.
You can't take it with you, but at least do something meaningful or useful with it.
A few years ago I received an unexpected card and check from a very distant family friend. I vaguely remember him from childhood. Something about getting old and having too much money, here's a gift for you...it was a check for $250. LOL! I mean, it was a nice surprise, but more like flaunting themself rather than being generous enough to make a difference in someone's life. I wonder what everyone else on his "money list" received.
I would have appreciated the fact that he remembered me and thought about me. $250 isn't about the money, but the gesture IMO. I think you missed the point.
I would have appreciated the fact that he remembered me and thought about me. $250 isn't about the money, but the gesture IMO. I think you missed the point.
It was a nice gesture, I'm not arguing that. I was starting a new business at the time and the $250 was referenced as "a little something to help you get started". I was 40, not 14, and it made me feel pitied or patronized more than anything. I was polite and sent a thank-you card, there was nothing much to say and I never heard from this person again, he probably died with all of his money from the work of doleing it out in $250 increments.
Getting back to the thread topic, if one is wealthy enough to give away their wealth, make it count. One poster mentioned giving $22K to a family member - that's HUGE for a lot of people and in my case would have helped me get my business up and running with long term results. $250? It was gone within a day...groceries and a tank of gas.
I am not wealthy, but I have started to distribute my "fortune" to family and friends.
It gives me pleasure to see people enjoying the money. Some of the younger people use the money as part of a down payment on a house. Others use it for education.
Slightly older people use it for vacations they would not otherwise have. Some use it to add to their IRA.
Even though I believe in the world to come, it's nice for me to see people enjoying the money while I'm still here.
I am not wealthy, but I have started to distribute my "fortune" to family and friends. It gives me pleasure to see people enjoying the money.
That's good of you, and I feel the same way. If I had money I didn't need, I would put it to good use and share it with those needing it for a step up. Make a difference in their lives.
Far too much money ends up in probate/government hands, or with lawyers. Much better to gift it directly to people while you can.
Not if they are owned by a government. Some shelters may have a friends group that donates to them that is a 501c3 (like a friend of the library or friend of a museum).
I advise anyone that is considering a donation to review that charity on Guide Star or Charity Navigator before donating or making that charity a beneficiary of something.
yes, of course you have to do your due diligence...
yes, of course you have to do your due diligence...
Yes, you sure do. After yesterday I checked and learned my county animal shelter is not a 501C, owned and run by the county using county money.
On the other hand, there is a local humane society which is a legit charity.
I have nothing against the county animal shelter, but there is no guarantee any money left to them would end up helping animals instead of a road paving project.
Yes, you sure do. After yesterday I checked and learned my county animal shelter is not a 501C, owned and run by the county using county money.
On the other hand, there is a local humane society which is a legit charity.
I have nothing against the county animal shelter, but there is no guarantee any money left to them would end up helping animals instead of a road paving project.
I agree.
On August 12, 1986, Ronald Reagan said, “the nine most terrifying words in the English language are: “I’m from the government, and I’m here to help.”
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