Inheritance is something we look forward to receiving from our parents. While we may not consciously fo out of our way to display our excitement at the potential of receiving an inheritance, we all do secretly hope that one day we shall get one.
Being an only child I assumed that I would get an inheritance from my parents when they passed on. They were good people who worked hard and always did the right thing for the family. My Dad was the typical hunter gather who looked after his family. Growing up in the Depression I suppose help instill those kind of values into him. Thankfully those traits and a sense of resposibility for my family have been passed onto me.
After the passing of both of my parents within a three year period of each other I received my inheritance. I was excited about firstly receiving one and secondly having an opportunity to make my family’s life a little easier. But it wasn’t that easy.
Not ever having a lot of money myself I was unaccustomed to dealing with an instant windfall. I thought I knew how to handle money as I had been in the real estate industry for years. I was not. In fact I was very inexperienced.
For a sum of money that my parents took 60 years to gather, I was able to blow or lose in about 18 months. Bad investments involving slick salesmen soon saw all my inheritance gone. But there was worse to come.
I had to face my family, my wife and my children and let them know I had let them down. Not intentionally but nievely. I was so ashamed that I have never told them. I am so embarrased that a guy with a good pedigree for real estate could make such a blunder and do it so quickly.
When my daughter asks what I did with grandma’s money, I duck and weave. it hurts. I don’t answer her. But when I look into her eyes and I mean really look into her eyes I see a level of desperation and sadness that just sickens me.
It sickens me literally. I have been a nervous wreck. I’ve gained 30 kg in weight. I have anxiety attacks. I rarely sleep well. And I constantly beat myself.
But at 53 years and 11 months I know I still have time to claw my inheritance back. I know I can’t work any harder in my job so I need to leverage my efforts in a part time business.
I realise I don’t have millions of dollars to go out and buy real estate unemcumbered and live of the rental income. Those options are not open to me.
But I do know about leverage. Not leverage of money but leverage of time.
Recently a friend introduced my a way to leverage my time to create long term residual income. Without extra money commitments I can build a business part time and not only get back my inheritance but exceed it.
And here’s the best thing. I will be able to stand tall, look my family squarely in the face and say “I am responsible”. I will be able to say to my daughter “Dad is providing you with a great inheritance” and that means more to me than money will ever be able to buy.
How’s your inheritance providing going. Have a look at what I’m doing by dropping me a line email@example.com