i dont feel that it is right for me to spend it....ever. i dont want to give it away in case i actually do "need" it (i.e. if I get sick or something crazy happens). i can afford my lifestyle without it. so it just sits in the bank and reminds me of everything that happened.
2006-09-23 22:13:10 · 13 answers · asked by angela 2 in Business & Finance ➔ Other - Business & Finance
It wasn't insurance... it was his own money that he got 8 years after being in a car accident. He killed himself partly because of permanent injuries from the car accident. also depression though.
2006-09-23 22:23:58 · update #1
woops - i mean, it wasn't LIFE insurance... what's even more screwed up is that it was the money he got from an injury he never recovered from.
2006-09-23 22:24:40 · update #2
You should slowly get over what happened. And money shouldn't get in the way. If you don't need to spend that money, just keep it. But there are smarter ways to do that. You should at least protect yourself from inflation. Get one of those high-interest bank accounts (about 5%), CD, corporate bonds. Or else your money will slowly waste away. Maybe in the future you will be able to consider better investments, such as mutual funds.
ThatLady - It's probably not insurance money, but money previously owned by his brother. Hence "inherited". Duh.
2006-09-23 22:19:21 · answer #1 · answered by jarynth5 1 · 0⤊ 1⤋
I'm very sorry to hear this and I wish for you all the strength in the world to overcome this. You're brother made a fatal mistake, and maybe with correct knowledge his life could have been saved. If I was you, personally, I would invest at least 5% of it into helping the youth who is going on the wrong path. Setting up meetings maybe, counseling group sessions locally, or in as big of a way as you can. Letting kids learn morals and reasons why suicide is so bad. Giving to charities that you have researched and found trustworthy and beneficial. Opening kids eyes at a young age. I think that would bring you some peace, and you might even save a life. And the rest of it, spend it in a good way, not on total enjoyment of this life, but food and shelter for you and your family to ensure health and hapiness. Take care and may God bring you success and Peace.
2006-09-24 05:19:30 · answer #2 · answered by A Casual Savage 2 · 0⤊ 0⤋
Use some of the money to throw a memorial party for him and invite all his friends,you will feel better about it then and so will he I think.
Play all his favorite music,and watch videos if you have any,or construct a slide show.It will be like he is still there,what would be more fitting than that.
Then you can move on knowing that you didn't just "blow" his memory on frivolous things.
2006-09-24 05:17:17 · answer #3 · answered by Dfirefox 6 · 0⤊ 0⤋
Well if either you have children, I would invest it in their education funds. If not, invest it yourself. 150 Gs is a big chunk. Turn it into half a million (in however many years, decades, what have you) and then donate half of that to a suicide crisis line or bereavement centre or something. Or if the children's education is paid for, save it up for the grandkids education.
2006-09-24 05:47:10 · answer #4 · answered by ? 6 · 0⤊ 0⤋
Well., split this fund into three. invest into different income generating things.
make this money to work for you. you could buy a house and rent it. risk is small
you could buy a small business and run it.. higher risk
invest in share market.. : taking huge risk.. or invest in mutual funds.. and that give you standard revenue.
or invest into money back policy.. so the money keeps multiplying.. while you keep it working for you and others..isn't a good thing..
go ahead.. and invest into something that will help you and the investment grow steadily.
2006-09-24 05:24:07 · answer #5 · answered by juljulabie 3 · 0⤊ 0⤋
Don't do anything rash. Use it as a nest egg. Invest it or put it in a IRA. Right now your thinking is clouded by grief. That will pass as time goes on.
After my best friend died I didn't want to take any of his stuff because it felt like stealing from him. Thankfully his family knew what he wanted me to have and forced it on me. Now, years later, I'm quite happy to have these mementos of him and our friendship.
2006-09-24 05:20:03 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Maybe you should do things that he would want you to do. He wanted you to have the money and enjoy it. Otherwise, he wouldn't have left it to you. He could have put someone else's name down.
If you really don't want to spend this money, you could donate it to a worthy cause, in his name. Buy some medical equipment for the local hospital. Some hospitals can't afford to buy equipment they need. YOu could offer to buy it for them, and they could put up a plaque to memorialize him.
2006-09-24 05:16:51 · answer #7 · answered by ThatLady 5 · 1⤊ 0⤋
Property investment.
2006-09-24 05:16:08 · answer #8 · answered by axel_jose187 2 · 0⤊ 0⤋
of course first i will pay all of the funeral's cost for my brother, and if he had children, i will pay for their edu. of course I'll save at lease 10% for my self
2006-09-24 05:23:39 · answer #9 · answered by yasmin halim 2 · 0⤊ 0⤋
your brother must have wanted you too have it
save it you if something feels right too send it on
like your family home
2006-09-24 05:23:04 · answer #10 · answered by Xavier 2 · 0⤊ 0⤋