Originally Posted by
Sussex
Im not relying on inheritance. Im just saying. If my parents were in the position they were in. My future would be much much more secure.
Example. If my parents didnt have to sell their house and start renting, they would of had paid off their old house by now. So they wouldn't have a mortgage or rent. Not only that but they would have given myself and my sister the money they inherit from their parents. (this was actually the original plan, before shit hit the fan)
Id be $350-400k+ more well off in the next 10 years if/when my grand parents were pass away (they're 78-85 now, so maybe even less) IF my parents didnt need that money.
But now that's not going to happen, I'll be waiting another 30+ years before I see any sort of wealth from inheritance. Just saying! not having a sook. Just seeing how slight economic and unforeseen circumstances can hold you back a lifetime. In this case, I could have had my own property paid off in a single hit when im in my mid 30s...but i'll be waiting until my 50s at least now before that happens. Paying off my house in the mid 30s would have made my life so much more easier and relaxed. Thats all im saying, don't get yer nickers in a knot!