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- 13 percent of Online Shoppers Would Buy Bitcoin Using Amazon According to Survey
- The Benefits of Investment in Debt Free Companies » Capitalante.com
- My grandmother just sold her home and needs help with her finances!
| 13 percent of Online Shoppers Would Buy Bitcoin Using Amazon According to Survey Posted: 09 Feb 2019 04:25 AM PST
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| The Benefits of Investment in Debt Free Companies » Capitalante.com Posted: 09 Feb 2019 08:39 AM PST
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| My grandmother just sold her home and needs help with her finances! Posted: 08 Feb 2019 12:36 PM PST Hey, Here is the entire story: My grandmother sold her home, after what I believe was pressure from her children, she paid all her debts and even gave the children their inheritance(I think this was a mistake because she should be worried about living her life out and what ever was left then go to them). She moved in with her 1 child and her entire life has changed. Even though she is in her 80's she is still very functional and wants to do her own things. Her entire life she has been very driven and independent. She grew up in the city and that's all she knows, but now she is in the suburbs and it bothers her. She feels like she has lost all control of her finances and independence. Over dinner the other night, she mentioned she wants to sign me on to her will, along with one of my aunts, which I totally trust to handle her business. I do not want to take on that responsibility because I feel it undermines my mother, uncle and aunts. I only advised her that there are financial vehicles that she could put her money to receive fixed income from, along with her pension. My uncle being in finance should have helped her with these things, but from my understanding he is behaving in a selfish manner. She pays him rent and also has lent him a chunk of money that is tied to his house. There was an understanding that he was supposed to return the total amount in 1 year (seems a bit unrealistic). She mentioned that he keeps saying half of the sum is in collateral. With my understanding of what collateral is, I'm a bit confused. She doesn't have any loans, so is the collateral for his mortgage? What does he mean by that? My other aunt says that my grams has refused his help with placing her money in different places, but after our talk she told me that he didn't follow-up with his plans due to his own self-interest. I'm here with interest in getting my grandmother setup to have help and be taken care of, without undermining my family and protecting her financially. What financial vehicles are there for her to place her money? What are examples of things people have done for themselves or for others? Do I believe my uncle would do anything to really screw my grandmother? No, but it could happen. I've always tried to help my grandmother and sympathized with her and shown empathy towards her, the way she has done for me. She wants me to meet with her lawyer along with my responsible aunt, but I really want to have a path, suggestions and answers for her. If I do not truly believe in my own goals for her, I cannot feel comfortable taking on a role to help her the way she is asking. I hope I have not given too much backstory or pointless thoughts. Thank you for any advice or help! I really want to prepare with financial knowledge before I sit at the table with big boys to discuss someones life. [link] [comments]  |
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