Do you think I made mistake?

Question

hi,I am an Indian and 22 years old.My dream is to start a manufacturing firm of my own. Recently my grandfather gave me about 25 crore rupees which a little more than $5 million and asked me to go for it. I know i should not have accepted it but I guess my urge to get to my dream misguided me.I know that my parents would be deeply hurt if they find out about this.They have always wanted me to be a self made man.I want to be a self made man.My grandfather has not told anyone about and this morning he promised he wouldnt tell anybody .That is when I started feeling shamefull.I regret the fact that I accepted it.It may not be a very big amount but I still feel I've made a mistake.I tried returning it to my grandfather but he never accepted it.He is now 90+ years old and he wants to see my success before his time. I completely understand that. But i simply dont have the means to earn that much money.
I am confused .I am stuck between my parents ,my grandfather and my consience.This could

sound a little confusing to you .But some one in india would definately understand my problem.
could you please assist me and tell me what to do...
Thank You. and may god be with you always....

Answer 1

you should not feel guilty,it ain,t like your using the money for drugs or partying,And lets amit the truth,Your Grandpa is not gona live to many years more and he can,t take it with him,And you would brake he,s heart if you did not keep it!There is nothing wrong with sharing your wealth with love ones and when you come a big Sucsess,You remember what your PAPA did for you and do the same to some you love and needs the same Help!your a Good Man for feeling Guilty even though your wrong about feeling guilty!If you really want to show your love to your grandfather,Make your dream come true,and I,m not trying to be mean,But what your parents don,t know will not hurt them!Kassis!Good luck and God Bless

Answer 2

I don't believe you made a mistake. You always consider your grandfather's money as a "start-up loan" that you can pay back as you start to make a profit.

I am from America, so there may be some cultural differences in my opinion about this and your opinion about it. I would not be ashamed to take the money, particularly for starting up a business, which if successful can benefit your entire family. I see no shame in this. It is your grandfather's money to do with what he wishes, and accepting money from your grandfather does not mean you are not a self-made man. You still have to get the firm off the ground and run it in a successful way. You are going to have a lot of work ahead of you. You would still need to get the start-up capital some way. Better from your grandfather than from some high-interest loan.

I hope your parents will understand this.

Answer 3

i understand your concerns and that you and your parents desire for you to build and earn character that comes w/being a self made man. that is honorable. i can not answer your question, but i can add a few comments. i will guess that at your young age of 22 you have learned many things about character from your family already. from their achievements and possible failures or regrets. you have had successes and failures too i imagine. if you do use the money to build on your dream, always remember and never take for granted the toil etc that it took your grandfather to earn the money. use that pride and intregrety when dealing with your employees, customers, business associates...everyone involved. keep a high standard of ethics, values and morals and you and your parents will be very very proud of you. im just guessing that your family are moral and ethical people. if the money came from illicit means origionally, then it may hurt your family a great deal that you used it even if you do make a good business out of it. you might want to decide to discuss it completely with your parents so you can make a better judgement either way. its a hard question to answer since we dont know any of you. good luck in your decision :)

Answer 4

The only mistake you made and the one that will be compounded is the lie; keeping your parents from the truth.
I am an American. I understand that there are cultural mores, attitudes and traditions that you are bound to. However, your Grandfather and you are both adults. This is the world , now. Your Grandfather wanted this for you. Tell your parents about the gift. Magnify the gift with your hard work. Then, give back to the community WHEN, not if, you have become successful. That would be an enduring legacy for your entire family. God has to work through people. Can you not see His hand in this?

Answer 5

People talk about a "self-made man" but actually, it doesnt work that way. The man who has millions of dollars, once upon a time, had parents and relatives who believed in him, lent him space to work or some money to rent/buy that space, or money to start a small business, or support him while he worked at something that currently paid little or nothing- people of business who took a chance and bought a product, or let it be sold in their stores when it was untested--anyone who gave in and "gave him a break"-- and all you see, years later, is "a self made man" when actually, what he has become is made up of many people, all behind him, who who were all instrumental in giving him a good start. Don't miss an opportunity, kid. Go for it!!

Answer 6

Your grandfather made it rough for you by not talking it over with your patents first. Now you are in a corner and can't find a way out of it. being honest is best , Tell your parents , if they are understanding they will understand the reason why you were given the money and opportunity to do for your self and your family . Your grandfather has faith in you to do good.

Answer 7

Put it in savings or bonds for now until you decide what is best. It will grow even more with interest. Spend the interest because it will be alot of money to live on each month. Your grandpa loves you very much and wants to see you succeed. He know at age 90 he hasn't much longer and wants to give his wealth to whom he wants to have it now instead of a will and probate and all. You are very lucky to receive such a gift. If you tell people then everyone will come around wanting money for this or that. It is best not to do anything with it until you give it alot of thought. You might just want to keep it in the bank for many years and like I say live off the interest. Good luck AND CONGRATULATIONS.

Answer 8

It is understandable in any country.
What you need to do is to find a trustworthy business mentor to guide you, otherwise the money might all just drain away.
If you make it work, make a company, then your parents will likely be OK with it all.

Perhaps there is a professor at a local university who could either guide you himself or could put you in touch with someone suitable. Perhaps you could go to a Venture Capital company - you could be an "angel" investor, that is someone who puts in a small amount of capital, less than a VC usually puts in.

But it is important to find someone you can trust. Ask your grandfather to put you in touch with a trustworthy lawyer who can help you avoid getting scammed.

Answer 9

i understand your guilt of accepting the rupees. but, i think you should accept your grandfather's gift. if it is his wish to see your success before his time, i believe the greatest gift you can give to him is to let him have that vision in his lifetime.

your situation with your parents is understandable too. of course they want you to EARN your status in this world; as any good parent would want.. but i think you should tell your parents of your grandfather's wishes. hopefully they will understand that it will make your grandfather feel fulfilled with his contribution before his time.

Answer 10

It takes a lot of money to start a business. I bet Bill Gates got started with help from an investor.