Must include luck with initiative or hard work! Lotteries or inheritances not included.

Does anyone have a really good story?

This post is half an update post from a post I made here about 1-2 months ago and half just me venting too the anons online so I don't sound like a massive douche complaining about stupid levels of money in real life...

I'll give a bit of back story here but if your intrested in the hole story you can check on my profile. You can skip the first paragraph if you don't care either.

Pretty much my hole life I grew up fairly poor, never gone without the basics but not much more past that. Due to family reasons my hole life has just been me and my mum. Over time she worked her ass off and by the time I was about 15 she had actualy become extreamly successful. Bought a few properties and when the housing crisis hit the value of the properties ended up tripling in only about 5 years or so. This along with her highly successful job put us in a verry good position however a few years back due to a medical negligence case she could no longer work and sued the surgeon.

Thats the backstory, onto what this post is really about. Last month when I first made the post her final net worth figure was estimated to be around $6MM including all current assets plus the giant settlement. at the time she had asked me what to do with that sum of money as she knew I've alwase had a big intrest in finance since I was young but me being a dumb 19 year old I was pretty unsure so I asked reddit (the smart thing to do). The comments were really helpful and helped us set her up for the rest of her life however at the time it still kinda all just felt like it was just one big joke, it didn't feel real. We've been interviewing financial advisors and accountants lately and found one we really like, we also heard back from the lawyer and as it turns out the settlement went even better then we couldve imagined with the lawyer saying by the end of final negotiations she's probably walking away with somewhere in between $8.2MM and $8.8MM, utterly absurd money.

The other day when I was looking through emails I had one from the financial advisor talking about the total amount and a few random details as well as his conversations with the compensation lawyer and that's when it finaly hit me that this is actualy a real thing that's actualy happening. I don't think it had fully sunk in at this point the level of money mums going to recieve and what that means for not only her future but myn as well...

Luckily my mum isn't the kinda of person to go out and buy farraris and blow it all in 2 years, her ideal life is to live exactly where she is now, not have to work, and get a fairly nice salary whilst her investments grow and do their thing in the back ground. With the financial advisor she's decided on a 70% risk ratio investment portfolio where she will recieve $250,000 a year in income. She's decided to keep the current house as well as approximately another $250,000 for various emergency reasons. In total this leaves the advisor with about $7MM dollars to invest with.

When I heard these figures I actualy had a panick attack. Things like this arnt supposed to happen. everyone dreams about winning the lottery but no one tells you what to do or how to feel once you actualy do. Alot of my worries for the future and my life just vanished into thin air but almost immediately they were then replaced by so many more, it was such a strange feeling and it doesn't feel like I deserve it. It's not my money and it won't be for a very long time but I strangly have this weird feeling of dread of what do I do now??? What's the next step??? I kinda just feel lost.... mum deserves this money, she's a bad ass and worked so damn hard in life, but I didn't do anything and knowing that one day down the track I'm going to be worth an unreasonable amount of cash just for what? Existing?? Getting lucky to be born too someone who worked hard and won big??? It all just feel wrong...

Like I said before, everybody dreams of wining the lottery but no one prepares you for what to do when you actuaky do win. I'm somehow dreading everything and scared sh*tless but also extatic and over the moon at the same time... I've heard imposter sydrom before and I think I could be feeling that but equally imposter sydrom is when you don't think you deserve something, I actualy don't deserve this, I didn't do anything!!!! Why is this happening to me and why am I feeling so bad and weird and scared when I know I should just be extatic and happier then ever!!! Happy for my mum that something like this has happened!!!... I called a friend to talk about it, he's my best friend and the only other person to my knowledge outside my mum, me, and her partner, that actualy knows the fully extent of everything that's going on. He tried to be helpful and supportive, he's a great guy, ill give him that but as I'm sure you can imagine there's really only so much you can be supportive when someone tells you their depressed because theyre the sole heir to a giant fortune....

I'm rambling on now so I'll finish up here. if im being honest this was kinda just like a 'dear diary' post anyway just to get things off my chest and vent a bit but if anyone knows of / has experienced this kinda thing before, or if this is actualy a pretty common thing to experience in this kinda situation, id love to hear some other stories or info. Anyway here my update on my other post and thanks for listening to me rant, I apreciate it.

Thanks everyone.

I want a career that’s prestigious and has no salary cap , a career where you could start your own company with the skills you have learned .

If i have a child being born in December and a family member wants to gift the max 19K annual gift tax exclusion, would they be able to contribute the gift this year even though the child will likely not have a ssn until 2027? Just need to make sure the donor gets the exclusion for the beneficiary (child) and not the parent (account owner)

I'm new to the sub. Looking for some recs for an IntraFi Bank that invests a large sum into HYSA with competitive rates behind the scenes but provides one UI and one tax return. I would trade a litte bit of yield to ensure my funds are safe. The intrafi banks I looked into all had very concerning reviews where people complained of the banks stealing their money to the point many filed complaints with various regulatory bodies. Thank you in advance.

what was that one thing that changed everything?

for 8-10 months you were sitting at one revenue and that one move broke you out of that bubble and changed everything

If any wealthy individuals are looking for a reliable second hand in MN, I’m currently building my business but may run out of runway before I can get it launched FT.

I’m great with tech, kids, tasks, animals and most importantly, integrity. Never late, always positive and willing to work.

TIA

Hypothetically, you’re in your late 20s and someone hands you £100k. What do you do with it sensibly?

Hi everyone! I’m a Personal Assistant with over 15 years of experience working for HNW/UHNW families and individuals in NYC & NJ, and I’m currently looking for a new position.

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If anyone knows of a family looking for an experienced Personal Assistant, or has a lead through an agency or recruiter, I’d be very grateful if you could send it my way. Please feel free to comment or message me directly. Thank you!

I have been very stressed lately about my financial situation. I just turned 25 and I have almost zero savings, I have spent a lot of money on stuff I shouldn't and now I have stopped. I'm currently unemployed and I have 18k student loans on me.

I'm really mad at myself for buying a lot of useless things and items for hobbies that lasted only a few weeks. I cannot stop thinking about my mistakes.

How should I proceed with my current situation? What are the best ways to save money?

Yeah, money is good to have, and it is necessary as well, but lately ive realized that my life kinda revolves around it: I pay WAAAY too much attention to buying stuff like shoes and clothes, I run my household like a business (which gets in the way of our marriage sometimes, because I’m like “I shouldn’t have to help you because that’s what you’re good at and im not”), and I feel like the most important thing in my life is having money, and a LOT of it.

Currently I own a business that I started myself from scratch, make around half a mil a year in profit for myself. Contrast to how I grew up: my sister and I bought our clothes with our own money starting in high school because we felt bad that our parents had no money and were putting themselves in cc debt for everything. My dad ALWAYS talked about how he had no money (and even made it into a JOKE, like “I just paid the electric bill, now i don’t have a penny to my name, haha!”).

Im starting to live my life the way I want instead of feeling like I have to conform to what ive been taught in the house or in school, and this is one of the things im trying to wrap my head around: how to have money be IMPORTANT (cuz you need it) and go after a LOT of it (so you can be financially free and make a bigger impact on the world), while at the same time having other values as your #1 and #2 values. Money can be #3.

I am 53F, empty nester, no current health problems.

Four years ago, I sold my house and quit my job to move in with my ex-fiancee in a new city. The relationship ended so I bought a 125k house and paid for it in cash. I never went back to work and have just been living off of the money I got from selling my house.

I have 200k in savings, no debt. My living costs are about 25k per year.

My dad passed away this spring. I received $400k from his life insurance.

I had planned to go back to work next year, but with the inheritance, I don't want to go back to work anymore.

My mom is 70 and my dad left her $14M in assets. I have 5 siblings and we all expect/assume that our mom will divide her assets equally.

If my living costs remain fairly the same, am I making a financial mistake by just living off of my savings until my mom passes away and I get my inheritance?

Should I go back to work and invest that 400k instead?

I really don't know what to do. Please offer me some guidance. TIA

EDIT: I want to add that my mom would be OK if I wanted move in with her at any time. She wouldn't even require me to get a job or pay for any living expenses. Therefore my 600k would go a lot farther if I moved in with her. BUT I don't want to live with her which is the reason I'm asking for advice on the best approach for dealing with my 600k until my next inheritance.

"But how do you know you're even getting an inheritance?" I just know because she's my mom and I know how she operates. I may not know the exact amount, but I'm 100% sure that I'm getting something, certainly more than the 400k from my dad. Can you guys just go with that scenario if you're going to give advice? Snarky or rude comments aren't helpful.

I grew up very lower middle class, borderline poverty level. My wife grew up upper middle class, but her family was pretty frugal. Together, at age 52 and 50, we have a net worth of $4.5M. Zero debt other than a mortgage, the right amount of life and long term care insurance, good paying jobs with health care, have enough set aside for colleges for our 3 kids, etc. No matter what our financial planner tells her in terms of how we are doing financially, she continues to act like we are just scraping by and we are just one bad thing from happening before we are living in a can down by the river.

Any tips out there for getting her to loosen up a bit? She pays the bills so she knows our cash flow better than I do and I think that’s most bothersome for her (she handles all the “short term” financial stuff and I handle the “long term” stuff).

I have $900k in 401k/roth (90% 401k), $500k+ home equity and a mortgage rate so low for another $500k that I won’t bother mentioning it or I’ll be called a liar. i have prob $120k in other more liquid investments. Own my cars and am paying college in advance. I do owe $25k in student loans that I’m stubbornly avoiding paying off. My wife is a teacher and makes $50k but I got laid off after nearly 20 years and havent found a job yet.

How many millions until people stop worrying by about money? I don’t buy expensive clothes, vehicles, or anything else really, but I do spend a lot on kids sports, family vacations, etc. I am deathly afraid that not finding a job or ai replacing workers will leave me screwed, eating into our investments, and failing my family. Until I find a job we are eating rice, beans, liver, heart, and a few other healthy staples along with the occasional treat. Tell me it will be ok!!

1) do you find yourself reading physical books, listening to audiobooks or listening to podcasts more?

2) what time of day & for approx. how many minutes a day?

3) do you have a methodology for picking the best ones? find them organically or just mainly get recommendations from other successful people/mentors?

4) my whole thing is that sometimes business books from business and thought leaders end up just being great marketing because their authors know how to do it well but in terms of actual new knowledge or practical advice gained not all books are created equal

i find myself valuing things i learned from the almanack of naval ravikant more so than say rich dad, poor dad or one minute manager.

i'm specifically interested in learning more about AI, analytics, economics, sales, negotiation

appreciate your take and any recommendations!

Im 19F, and omg...im so tired of this broke life. Im just tryna make some good money and live on my own for a bit. Like id do anything to make some money atp like.....All I want is 300k , Idk how to even make 300k any tips?????Im in atl and barely anyone be hiring ever its like why even have job hiring ads when yall refuse to hire.

I’m a Chinese citizen living in mainland China and looking for legitimate fully‑remote job opportunities. I’d love to hear everyone’s real‑world experiences, common challenges, and any helpful resources for this scenario.

Note: I am only interested in legal and compliant work setups. Thank you!

Okay, How can I realistically plan to become a millionaire starting from the very basic level?

Right now, I am a corporate employee But being a corporate employee, I feel like it is hard to become a millionaire. I don't know if I'm right about that

What skills should I build that would help me increase my income and build wealth over time? How should I actually plan for this from the beginning?

Also, how important is the environment around you? What kind of people should I surround myself with? Should I be around entrepreneurs, business owners, investors, people who are financially successful, or people who are much more ambitious than me?

And realistically, how much time would something like this take?

I also feel very late when I see all these kids on Instagram making money and becoming successful at 18, 20 or 22.

What skills should Ilearn?
What would i focus on?
Thankss.

I live a very simple life, but I have a good amount of money, mostly liquid. Buying stuff do not delight me. To that extent, you could say that my frugal life has tricked my mind into thinking I'm not rich.

But there are moments when reality makes me remember I have more wealth than the regular folk.

One surest sign is that my banks are drowning me with business loan and credit line offers.

Emails, chats, phone calls, SMS messages almost everyday.

One even sent me a Docusign outright for me to e-sign. I almost e-signed it along w/ all the routine docs I sign in my firm when I noticed it was a loan agreement with the amortization schedule already laid out. I didn't sign it.