I guess this may be a controversial topic, but I am looking for honest opinions here!
Do you think people who come from wealthy (or very wealthy) backgrounds should work hard at saving their salaries and buying property with their own money, knowing that one the day will certainly inherit a lot of money and multiple properties?
What made me think about this is the difference in attitude between both me and my sister and my DH and DSIL.
While both DH and I come from wealthy backgrounds, we have normal jobs (that we love) and are very careful with the way we spend our salaries. We always make sure we save at least x amount, we never overspend, never made debts, live quite "frugally" (or at least not a luxurious lifestyle!). Even though we live a property owned by DH's family, we are thinking about buying a small flat in London with our own money (taking a mortgage) as a BTL investment. Our joint savings are very consistent (£100k+) thanks to the lucky situation we are in (no rent, no mortgage, no kids yet).
On the other hand, both my sister and DSIL have a very different attitude towards money: they have zero savings, spend all they earn (they both have normal salaried jobs, like we do), indulge in many treats/ luxuries and so on.
I talked to my sister about this, as I am a bit concerned about her careless attitude towards money. Her opinion is that we will anyway inherit multiple properties each + good amount of cash one day so it makes no sense taking on debt for a mortgage or saving a lot of money. DSIL seems to have a similar approach. I shall add we are all (DH, DSIL, DSIS and I) very lucky to be able to live for free in properties owned by our families.
I am on the fence about this. Are DH and I being unreasonably stingy and greedy? What are your thoughts about these two different attitudes?
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AIBU?
to think it makes sense to save money/ buy property even if you come from a wealthy family?
28 replies
Lilylo · 14/03/2016 03:55
OP posts:
LindyHemming ·
14/03/2016 05:22
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Message withdrawn at poster's request.
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