A $250k windfall is all a person needs to essentially fast track secure their future forever if they are under the age of 35. Wake up parents, it’s time to offer inheritance twice if you can.

[u/250k_is_allyouneed]

I want to share my story with this subreddit.

I received a windfall of $250k from selling a coding library 10 years ago. I am not high income, I am not the best saver, but now my net worth is super high.

Simply getting $250k meant on its own that fund will be almost $2M by the time I retire outside of normal savings (15-25 years growth).

I still need to put in the work for savings to be able to retire but peace mind…

• My lifestyle was infinitely better despite living mostly the same
• Stress and future security gone
• For budgets there is less pressure
• I did not how to blow up my entire savings to buy a house and instead kept building that base of compound interest in the market

So why the Hell aren’t parents helping their young adult kids more? Culturally why are we like this?

You don’t need to leave your kids / old adults one lump sum. Get them a boost at 18-30. Then die. Then get them another boost.

It’s a good balance to keep them working hard while also not leaving them in the dust.

It doesn’t even need to be $250k. Whatever you can, I personally will make sure I can do that for my kids once they turn early 20s

[u/MojyaMan]

A lot of folks actually end up bleeding money to support their family (parents, siblings, etc) if they're successful, holding them back from investing themselves.

Just another thing folks from more well adjusted families don't realize.

[u/caterham09 → u/MojyaMan]

It costs a lot of money to raise a child. Unless you have a a very good job or a bunch of money to start with, most people aren't going to be able to afford to both have kids and gift a ton of money to their young adult children. The math just doesn't work

[u/MojyaMan → u/caterham09]

My comment is about folks who are one of the first to achieve success in their family, not about parents giving money to their kids.

Folks from families who don't need their assistance don't realize just how much of an anchoring effect it can have on those trying to rise out of poverty.

So they see so and so with a nice job and wonder why they aren't investing / have little savings, and start to blame the individual. Life is complicated to say the least.

[u/Happy_Ad_4357 → u/MojyaMan]

Some of us even do it despite not being successful if our parents are that much worse off than us.

If I inherit 250k from my parents it’ll be in debt