Our money cannot vanish!
It is either we spend them willingly on ourselves and our beloved or one day, when strangers become close friends to help us to spend our money without us feeling any pain!
Beyond certain age when we can still count our money; we should stop to be frugal?
What do you think?
Another case ....
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Sometimes unexpected things happen. Frugal is one thing, but certain things like tour, hobbies, health, food, loved ones still must spend. These are intangible investments leh.
ReplyDeleteI have a safe at home with some valuables and password only I knows. Suddenly I was worried that unexpected things happened to me, and I tell my wife the password!
Maybe If you hand over a big chunk of money to next generation, make sure they know how to manage, otherwise it will also vanish in their generation.
Mine is all listed out in password protected Excel file. Password is known.
Deletewell, i will give only my wealth to my husband, 2 siblings and my mother.
ReplyDeletethat is.
if i work harder, save more. i will donate some to charity.
Of course we give to our beloved ones.
DeleteAll bank accounts, CDP and trading accounts are join name alternate with my wife. Sorry to nag. You need to have a Will and Lasting Power of Attorney (LPA). The LPA will safeguard you if you lose your mind. Lately I am considering Advance Medical Directive that would help your loved ones to save cost and spare them of the agony to pull the plug. The pain of pulling the plug still lingers when my late father passed away 18 months ago. What do you think?
ReplyDeleteMany of us are Ants. Got many planning to do.
Delete