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Old 02-09-2016, 01:44 PM   #71
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While I've never married or produced any offspring I do have 4 beautiful nieces. I've told them that when I get old and decrepit I plan to spend 3 months with each of them each year. They said fine, thinking I was kidding. Little do they know.

Years ago I was asked if I had life insurance - I said no. Next question was "what's going to pay to bury you?". I answered "not my problem".
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Old 02-09-2016, 02:26 PM   #72
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Leaving the kids money doesn't always work the way the parents hope for. My stepmothers brother and his wife died about five years apart. They had three kids. Two were O.K. The third was a waste of humanity. They always worried about him. He was never going to save enough money for a house. The paid the down payment on a house for him. His father always told him, when we are gone, take the money and pay off the house. His father died last. He was left around $80,000 dollars. He took his girlfriend to Las Vegas. (He was married) They comped him a room and gave him a leather jacket. He blew the money and called his boss for money to fly home on. The boss said no way. He would wire a ticket, but no money. He flew home dead broke. He still has the $80,000 dollar leather jacket. (that is what it cost him.)
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Old 02-10-2016, 11:41 AM   #73
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Originally Posted by AbdRahim View Post
I have an acquaintance whose son referred to his Mercedes as our Mercedes. He was quick to remind his son that it was his Mercedes. .He worked for it and paid for it. .when was ready to get rid of it, and his son showed interest, he offered to sell it to him at book value.nHe taught his son well and his son has since learned to earn and pay for the things he wants. Good lesson. ?I wish more of today's society would learn this lesson. I always encouraged my parents to spend their money on themselves and enjoy the fruits of their labor. I think you should do the same. You raised your kids and paid for their youth. Should you leave them something? Probably. Should they assume they have a right to your money? Absolutely not! Happy motoring.
I know this is supposed to be a positive story, but the big thing I got from it was that the father sold his used car to his son at book value.

I would hope my son realized that you can buy a car well below book if you look carefully. I teach my kids that buying at retail is okay, but you can almost always get a better price with just a little effort.

As for the rest, yes we should all pay our own way, and be responsible for our own decisions.
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Old 02-10-2016, 12:24 PM   #74
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Originally Posted by johninsd View Post
While I've never married or produced any offspring I do have 4 beautiful nieces. I've told them that when I get old and decrepit I plan to spend 3 months with each of them each year. They said fine, thinking I was kidding. Little do they know.

Years ago I was asked if I had life insurance - I said no. Next question was "what's going to pay to bury you?". I answered "not my problem".
It is your problem. Hoping you are kidding and would not consider leaving your "loved ones" with having to pay for something that you should've and could've taken care of. Can't imagine anyone willingly making that choice.
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