(SRS) tag brahs. however i dont mind a joke lol might make me feel better
EVERYTHING. It is all been passed down to my name.
I now have a £175-200,000 house thats already been paid for, only bills/running costs will need to be paid.
A volvo estate car thats about 8 years old, very good condition.
2 dogs
All house contents.
And about £80,000 worth of savings
Its a fukin strange feeling all this when im dealing with never having my grandma in my life again.
I dont know wtf to do.
Advice/thoughts??
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03-25-2012, 04:20 AM #1
- Join Date: Feb 2011
- Location: Newcastle, Newcastle, United Kingdom (Great Britain)
- Age: 32
- Posts: 3,377
- Rep Power: 0
My grandma has died and ive been left everything in the will
Last edited by MrGregory; 03-25-2012 at 04:28 AM.
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03-25-2012, 04:23 AM #2
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03-25-2012, 04:23 AM #4
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03-25-2012, 04:24 AM #5
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03-25-2012, 04:25 AM #6русский брат
"Yeah, well, you know, that's just, like, uh, your opinion, man."
“Everybody wants to be a bodybuilder, but don’t nobody wanna lift no heavy ass weights.”
"For me life is continuously being hungry, the meaning of life is not simply to exist, to survive. But to move ahead to go up, to achieve and to conquer"
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03-25-2012, 04:25 AM #7
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03-25-2012, 04:25 AM #8
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03-25-2012, 04:25 AM #9
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03-25-2012, 04:26 AM #10
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03-25-2012, 04:26 AM #11
dont waste the gift.
Think you of the fact that a deaf person cannot hear. Then what deafness may we not all possess? ~ Dune
We need a new ideology with the core values of reason, honesty, science and secular progress over the older traditions of religion, superstition and dogmatic faith that have long defined humanity. We will never be free to progress and advance until the last stone from the last church is cast down onto the last priest. And every equivalent.
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03-25-2012, 04:26 AM #12
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03-25-2012, 04:26 AM #13
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03-25-2012, 04:26 AM #14
- Join Date: Jan 2012
- Location: Sydney, NSW, Australia
- Posts: 1,942
- Rep Power: 7693
1. Keep house
2. Pay Utility Bills
3. ????
4. PROFIT★★★ A State of Trance Crew ★★★
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03-25-2012, 04:27 AM #15
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03-25-2012, 04:27 AM #16
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03-25-2012, 04:27 AM #17
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03-25-2012, 04:28 AM #18
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03-25-2012, 04:29 AM #19
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03-25-2012, 04:29 AM #20
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03-25-2012, 04:30 AM #21
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03-25-2012, 04:32 AM #23
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03-25-2012, 04:32 AM #24
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03-25-2012, 04:37 AM #25
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03-25-2012, 04:39 AM #26
- Join Date: Feb 2011
- Location: Newcastle, Newcastle, United Kingdom (Great Britain)
- Age: 32
- Posts: 3,377
- Rep Power: 0
Give them a clean and see if my mum wants them
or shove them in my angus
not srs
I dont know wtf they are called and i hav no pics but they are 2 little fluffy white dogs. will look like a flaming ******* when i walk them.
Might go and live there for a bit, and see longer term if thats where i wanna be if not im selling.
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03-25-2012, 04:39 AM #27
- Join Date: Jan 2010
- Location: London, United Kingdom (Great Britain)
- Posts: 1,297
- Rep Power: 2749
This is what I would do...
Use some of 80k to renovate house (if needed). Rent it out, and gain yourself a steady income. Rents are high at the moment, and house prices are still recovering, so this is best course right now IMO.
Keep or sell car depending on your requirements.
Look after the dogs yourself. It's what your grand-ma would have wanted.
Make diverse investments with the rest:
You're UK, so you've got a £10'680k personal ISA allowance. £5'340 of that is cash allowance, so I would take advantage of that first. Put rest of allowance in a stocks and shares ISA. New tax year starts in April, so you've only got a few days to get money into these schemes for year ahead.
Say you've renovated house, that still leaves you £60k to play with, so I would clear any debts I already had and look to invest most of the rest. What you do from here depends on how financially savvy your are and your appetite for risk and how long you are willing to spend managing your assets. Personally I would put say £10k in a higher risk fund, and rest in lower risk investments.
I would also set aside £5k just to have fun with.
Congrats OP. If you make this money work for you you can be set for life, just about.
EDIT: Depending on personal circumstances, are you renting, or living at home, fully employed etc? I would still rent out grand ma's house, then use vast majority of her savings as deposit on a flat for yourself. Buyers market at the moment, and with the large deposit the repayments will be manageable.
brb owning two properties with one generating an income in early 20's = ballingLast edited by Mode7; 03-25-2012 at 04:50 AM.
Jan 2010 - 132lbs
Jan 2011 - 174lbs
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03-25-2012, 04:40 AM #28
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03-25-2012, 04:44 AM #29
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03-25-2012, 04:49 AM #30
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