Quote:
Originally Posted by MRM
To really understand this issue, you have to turn the question around: How much richer would your relatives have to be than you before you felt comfortable taking money from them? The revulsion most of you feel at the thought of accepting money from a richer brother, cousin, etc., is exactly how most family members will feel if you start trying to dole out money to them. It just doesn't work that way.
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Of course you are correct "for the most part" imo. Don't want to make it sound like I'm loaded...certainly I'm not, but some of the figures thrown out on this thread are mind boggling in my mind. Millions...ha, not me
. That said, I come from large extended families on both parents' sides, and "helping" (i.e. dire medical needs, etc.) is what we do...but it's rare and I have actually written a few checks before or made them "sweetheart deals". In my immediate family, I've structure investments with them (i.e. rental proporties) where I invest, but recieve no income (don't really want/need it) and they derive benefit now as I will too later on...maybe
. For the most part, you are absolutely right.... just "handing out money" is insulting to the recipient and not cool imo.
ps: I have a first cousin who married into SERIOUS money...private jet, private island in the Bahamas, etc. and you'd never, ever know it by their demeanor. Yet they have offered both up as "services" to her family in times of need (illness)...there are ways to offer/accept without cash changing hands.
I believe in Karma and the "golden rule" (no, not the one: "he who has the gold makes the rules"
).