I'm 34. My father recently passed. I'm an only child, I did not grow up with money. My Grandparents were wealthy, but were extremely frugal. The family had NO idea their estate was so large until they passed and my dad/his siblings inherited everything.
I live on under 20k a year - both out of necessity and also the fact that I'm not a materialistic person.
I don't go shopping, out to eat, to bars, on vacation, etc. I buy video games sometimes as those are my interests.
I just inherited roughly 275k, about 190k in investments that's going to be liquidated to me in about 90 days, and about 75k in liquid accounts from local bank branch (and a vehicle valued at 20k).
I've hired an estate attorney who is helping me with death certificates and getting all the accounts in my name - but once that is done I'll have no idea what to do.
Is this 'life changing' money? Is it enough to live off the interest if I invest smartly?
I'm going to keep working, but as said I really don't earn that much. Ideally, I want this money to MAKE ME MONEY - I have no interest in spending it.
I may use a small chunk for a down payment on a house -- I rent currently and I'd rather build equity.
Edit: I have no debt. I paid off my car this year and pay my CC's each month.
Submitted September 25, 2021 at 09:34PM by Butt-Pirate-Roberts https://ift.tt/2Y3Rqbv
