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August 20, 2024 21 mins
Inherently problematic?
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Episode Transcript

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Speaker 1 (00:00):
Who's that? Uh, we'll name all right? Are you inheriting
some money?

Speaker 2 (00:10):
One of my best friends is marrying into three hundred
million that his girlfriends just inherited.

Speaker 3 (00:17):
So yeah, pretty much.

Speaker 4 (00:20):
Wait a minute, who is your buddy is marrying into
a family that's worth three hundred million dollars. She's single,
she's worth three hundred million dollars?

Speaker 5 (00:35):
Correct?

Speaker 1 (00:36):
Who is she?

Speaker 5 (00:40):
She inherited it from a nursing home.

Speaker 3 (00:42):
She worked at. Old lady, had no family, nobody else.

Speaker 4 (00:47):
I called, Boh, there's this old lady at a nursing home.

Speaker 1 (00:52):
Gave this girl three hundred million dollars.

Speaker 4 (00:57):
That's it, And now she's got three in her bank account.

Speaker 1 (01:03):
She's got three hundred million dollars generational wealth? How does
that even happen?

Speaker 4 (01:12):
Like, I want to believe you, and I do believe you,
but I can't allow.

Speaker 1 (01:17):
Myself to believe you because it makes me angry.

Speaker 6 (01:19):
You can't think of somebody who's worth three hundred million dollars.

Speaker 1 (01:24):
Yes, I mean that's sad. Actually that's sad. I mean
I love it for your buddy. Hey, why do you
think I'm worse? Are you?

Speaker 4 (01:34):
Is your buddy having to sign a pretty rock solid.

Speaker 2 (01:36):
Prenup hasn't been nothing's been drafted yet, but there'll be
a little bit full preen up there. Okay, he's trying
to find a way that he's trying to find a
way for her.

Speaker 1 (01:48):
To get him pregnant.

Speaker 7 (01:49):
Right now.

Speaker 4 (01:53):
That made Wow, that falls out of line of what
I was expecting. That falls way out of line of
what I was expecting.

Speaker 8 (02:00):
Like way too much money.

Speaker 1 (02:01):
No, no, yes, it's way too much money.

Speaker 6 (02:03):
But we were saying, oh, like fifty grand, but it's.

Speaker 1 (02:05):
No, no, no, But what I mean said ten thousand. Yeah,
but it doesn't fall like it doesn't. I guess what I.

Speaker 4 (02:11):
Mean by that is it doesn't fall in the traditional line.

Speaker 8 (02:15):
He's marrying into it.

Speaker 4 (02:17):
He's marrying well, I don't even care that he's marrying
into it. But she already has the money, you know
what I mean, Like, she's already worth that.

Speaker 1 (02:25):
So she's not in line a bank account, say against.

Speaker 2 (02:29):
Her and fell and landed on a bank account.

Speaker 8 (02:33):
Yeah.

Speaker 4 (02:33):
And by the way, I I I celebrate him. I
celebrate your buddy. I want to come to the wedding.
Oh my god, hey, how old is how old is
the How old is the lady?

Speaker 1 (02:46):
Like thirty four, thirty fives, never worked a day in
my life.

Speaker 4 (02:49):
I would have walked out of that nursing home with
that big old Duffel bag of cash.

Speaker 1 (02:53):
It's say, kiss my ass, and you would have never
seen me again. I'm trying to again.

Speaker 2 (03:00):
I'm just a friend.

Speaker 1 (03:02):
Wow.

Speaker 4 (03:02):
That's amazing. All right, very good, very good, Thank you?
All right, that was not how I expected to start.

Speaker 1 (03:08):
Could you imagine that?

Speaker 8 (03:09):
No, no, I don't.

Speaker 4 (03:12):
She could be the ugliest and meanest person in the world.

Speaker 1 (03:15):
I marry her tomorrow three hundred million dollars.

Speaker 4 (03:22):
I also don't think of that person living at a
nursing home.

Speaker 8 (03:26):
No, maybe he was calling it that, but it was
a much nicer facility.

Speaker 1 (03:30):
Okay, but it's still a home. Like that person didn't
have any family.

Speaker 6 (03:33):
Well yeah, but why not stay in the house where
you are and just hire full time help, you know
what I mean? But then again, you move into a
facilitation and you have a community around you.

Speaker 1 (03:42):
Exactly.

Speaker 4 (03:43):
Super fan of nursing homes, all right, I gotta find
one on a more traditional.

Speaker 1 (03:49):
Line, Hi Ellie in the morning, Elliott, Yes, sir, yes sir,
Are you love your show? Thank you, thank you. That's
very kind of you. Are you in line?

Speaker 4 (04:04):
Are you in line to get some money?

Speaker 5 (04:07):
Well, I just just got about six fifty from somebody
that just passed away this month, and my father is
eighty seven and age had about roughly five to six million.

Speaker 3 (04:24):
In the bank.

Speaker 5 (04:25):
So that will be happening, probably hopefully won't be soon,
but it's inevitable.

Speaker 1 (04:34):
Yes it is, Yes, it is. Now. Can I ask
you this? Now? This falls in line?

Speaker 4 (04:39):
So your dad, you're you are set to inherit between
five and let's just call it five million dollars?

Speaker 3 (04:48):
Correct?

Speaker 1 (04:49):
Do you have kids?

Speaker 5 (04:53):
I do?

Speaker 4 (04:54):
Do they know? Do they know that you're in line
to five million dollars?

Speaker 5 (05:04):
No?

Speaker 3 (05:06):
Well, you have no idea?

Speaker 4 (05:07):
Will you tell them?

Speaker 6 (05:12):
I probably would not tell them how much it was
specific kids super young or they are young adults?

Speaker 1 (05:18):
Why but do you know if they're a young adult. Oh,
so they're adults.

Speaker 4 (05:24):
Correct, By the way, you could tell them young America
gets accused all the time of not teaching finance to kids.
I would tell a kindergarten No, I would the you
think I keep that a secret in the house. So
they are young adults. But but at some point they're
going to learn that you inherited five million dollars.

Speaker 5 (05:49):
Oh yes, and I would absolutely help them out significantly.
I wouldn't. I wouldn't keep it complete certainly.

Speaker 4 (06:01):
Hey, So let me ask you this is there is
there any chance, any chance that your dad has spent
most of that money and you don't know.

Speaker 5 (06:14):
No, No, he is as trugal as it gets.

Speaker 1 (06:17):
That's how he got the god bless you, bless you, and.

Speaker 5 (06:22):
Doesn't doesn't spend. He goes by sale items all the time.

Speaker 4 (06:26):
Good good, No, that's why you should hawk him until
the day he dies.

Speaker 1 (06:30):
I mean, like, keep an eye on him because you
don't want.

Speaker 4 (06:32):
Him to blow through. Here's here's why i'm asking. Here's why.
Here's why i'm asking. Thank you, sir, Oh.

Speaker 1 (06:39):
My god, six million dollars Jesus Christ.

Speaker 8 (06:41):
I got excited when he said six hundred and fifty.

Speaker 4 (06:44):
By the way, I did too until he's got to
the next sentence, and I was like, well, you know
what that is. That's play money right there. That's play
money until you get your real money.

Speaker 8 (06:53):
Damn.

Speaker 1 (06:54):
So I'm reading this story right.

Speaker 4 (06:55):
So there's grandparents who have two sons, right, let son
one and son took They each inherit a good amount
of money, like a couple million each. Each of those
sons has kids, Yeah, son Son one and Son too.

(07:19):
Son two has a daughter. Dad dies. Okay, daughter is
all stoked because that money is now coming her way
until she finds out he spent it all. But she
has spent the last ten to fifteen years living.

Speaker 1 (07:37):
Like I got some cash coming.

Speaker 6 (07:40):
Yeah, And they said.

Speaker 4 (07:41):
She still works, she still learns a good living, but
spends essentially everything she has because in her mind, I
got two or three million bucks come in my way.

Speaker 8 (07:52):
Right, did dad blow through it? Say again, how did
dad blow through the money?

Speaker 4 (07:56):
Uh?

Speaker 1 (07:57):
No, like nothing, nothing nefarious.

Speaker 8 (07:58):
It seems like she clearly didn't know.

Speaker 4 (08:00):
Yeah no, but he just he spent Maybe I have
no idea, I have no clue, but nothing, nothing bad,
nothing like like he went out and you know, wrapped
two uh ferraris around a light pole.

Speaker 1 (08:14):
But she lived a life even when people would go
like hey, she was like, doesn't matter, I got money coming.

Speaker 6 (08:20):
I can't think like that.

Speaker 4 (08:22):
And so now the daughter of Son Too is now
asking the father or or the uncle for some of
the family money.

Speaker 1 (08:35):
Well, yeah, but I need your dad's fault.

Speaker 4 (08:38):
Well no, it's actually not not not the dad's fault,
but his money.

Speaker 6 (08:42):
It was, it was his, he spent it. That's gone. Yes,
but you can't ask your uncle for her money. That's
not that's not his place.

Speaker 4 (08:50):
Excuse me, I didn't know that it was gone, so
I need now I'm going to and you've got a
lot of money coming.

Speaker 6 (08:57):
Well, I didn't know fairies weren't real. So more essentially
arguing the same thing.

Speaker 4 (09:02):
No, no, no, no, but I didn't know. I didn't
know that that was coming. We're family.

Speaker 8 (09:09):
So is this okay? Is this the payback money owed
and no cards? Or is this I I deserve that
money because I didn't get my hands on this money.

Speaker 4 (09:19):
It's still and her her reasoning is it's still family money.
It came from the grandparents and the intention was it
goes from grandparent to parent to grandchild.

Speaker 6 (09:32):
Right, But that's on your dad because he pissed through it.

Speaker 1 (09:34):
Okay, Diane, I don't like, sorry, sorry, what is but
dad is? But that's family money.

Speaker 6 (09:43):
That's her, that's her and your dad spent his family money.
I'm sorry now.

Speaker 1 (09:52):
But you have some that you can.

Speaker 6 (09:55):
Some to spare. So did your dad and he pissed
through it about this.

Speaker 8 (10:00):
After he died.

Speaker 4 (10:01):
Yes, I will say this though there now it's it's
not he didn't die pennyless.

Speaker 1 (10:05):
He didn't die pennyless.

Speaker 8 (10:07):
So there was just no hints or suggestions that this
may and what he going on and what he did
have went to his wife. Oh wait, so I didn't
realize there was.

Speaker 1 (10:17):
A wife the Yeah, they're both married.

Speaker 4 (10:19):
Okay, yeah, so the but again it's not it's it's
not a crap ton of money. So even so, her
argument is I'm not even gonna get that because it
goes to the wife and it's not that much.

Speaker 8 (10:30):
That is often the case. It would go to the
spouse right before it was to a child.

Speaker 1 (10:34):
Yes, but this is family money.

Speaker 8 (10:37):
So there is still a mom in the picture, and
she wants the uncle's money.

Speaker 4 (10:41):
Well yeah, but again, what the mom is getting is
not what the uncle still has yet, not even close,
not even close. So I need, uh, unc I need
some some of that family money. I'm family, No, I
need Oh my god, yes i am.

Speaker 8 (10:56):
These are the kind of stories that make your own
problems seem smaller.

Speaker 4 (11:00):
Oh, by the way, I would be I sympathize with
her if I thought I was coming into money and
then I didn't, I would lose my mind.

Speaker 8 (11:08):
Like we're forty five minutes into the window of repair
for our washing machine, and I'm like, you know what.

Speaker 6 (11:14):
We don't need one.

Speaker 8 (11:17):
Even if they don't show up, and they hopefully better
show up, we'll be okay to go another day. But
this person's problem is something where I would struggle with
this throughout the broadcast.

Speaker 1 (11:29):
I lived.

Speaker 4 (11:30):
I lived my entire twenties thinking that money was coming
here and now it's not.

Speaker 6 (11:37):
Well, that's one of life's hard lessons, isn't it.

Speaker 5 (11:40):
Now?

Speaker 8 (11:40):
This is not the person you know.

Speaker 4 (11:43):
No, no, no, no no. I know two people. I
know one person. I know one person that inherited. I
didn't know him, but he inherited. I didn't know him
prior to inheriting the money. I only know him as
filthy rich and is obnoxious about it. And then I
know someone who is waiting on and I don't understand

(12:07):
how it works. But her dad is already dead and
knows that money is coming.

Speaker 6 (12:13):
When the mom dies the no, no, there is no mom.

Speaker 1 (12:18):
They're divorced or whatever it is. But I don't know.

Speaker 4 (12:21):
I don't know why the weight is to get money.

Speaker 6 (12:25):
Like I don't like tied up in court.

Speaker 8 (12:26):
I don't know, in a weird fund.

Speaker 1 (12:28):
Maybe it's something like a right.

Speaker 4 (12:32):
But but because she knows it's coming, doesn't do a
goddamn thing. Does Like essentially, if if she didn't think
it would give her a rash, wouldn't even wipe her ass.

Speaker 8 (12:44):
That's awesome. I can't even imagine.

Speaker 1 (12:53):
Does nothing? Nothing cost her a marriage?

Speaker 6 (12:58):
So the husband left her because of the way she
was behaving.

Speaker 4 (13:01):
Yeah, it was like, I can't I can't live with
someone like this. And she'd be like, Okay, he's.

Speaker 6 (13:05):
Out, I'm getting I'm getting my money.

Speaker 4 (13:06):
Yeah, I've got I got five years of caked crap
in my butt cheeks.

Speaker 6 (13:11):
And I'm not getting out of that. How long does
she have to hold on for?

Speaker 1 (13:15):
I don't know. I think it's a couple more years. Yeah,
I think it's a couple.

Speaker 8 (13:19):
More years for the former for sure.

Speaker 4 (13:24):
I know. That's all I want is to find out
like it all fell through and then she's got nothing, nothing.

Speaker 8 (13:31):
For the former acquaintance. Well the first Yeah, the the
person I only know is obnoxious. Yeah that yeah, I
don't mean former friend, I just mean the first story.
Are they obnoxious about how they received it, or they're
just obnoxious about being wealthy, like flashy. Yes, so they'll
admit I didn't do anything for this fell into my lap.

Speaker 4 (13:56):
Yeah wow, yeah, and I'm better than you because I
have all of this right now.

Speaker 1 (14:03):
Oh it's annoying.

Speaker 4 (14:04):
Thanks that person still wipes. Yes, okay, just making sure
Hi Elliet the morning.

Speaker 3 (14:16):
Hey Elliott, how are you doing good?

Speaker 1 (14:17):
How are you good? Good?

Speaker 3 (14:19):
Good? All right, So when my dad's about seventy seven
years old right now, when he goes, I'm getting four
to five million, depending on how the market goes, you'll
love this story. We grew up a lower middle class,
right and my whole life I struggled. I struggled, I struggled.
I thought that we had nothing. And then one day,

(14:41):
about five years ago, he says, hey, I need to
give you some papers. And he says don't look at
him for a while. I said, what is it and
he goes, well, it's all my accounts, and then he
tells me what I'm getting and I said, how the
hell did you get this? And he goes, well, the
reason we never had anything is because I always put
twenty five percent of my paycheck into my four oh
one K for the past forty years. He's just been

(15:02):
building it up in the stock market.

Speaker 1 (15:05):
By the way, that's a great question. Would you want
to know?

Speaker 3 (15:09):
So No, I didn't want to know.

Speaker 1 (15:11):
That's all I want to know.

Speaker 7 (15:12):
I didn't.

Speaker 4 (15:15):
This story, your story, everyone's story, that's all I want
to know.

Speaker 1 (15:18):
I would.

Speaker 4 (15:18):
I think I would be angry because I think you
would live your life a different way.

Speaker 3 (15:25):
Yes, now, now with what it is now, it's like,
you know, you know, I bring it up every now
and then, and now I feel like I've got to
prove myself to him that I know what to do
with this kind of money. So now I've had to
create my own stock portfolio and you know, send him
screenshots of my account saying hey, look I don't have

(15:46):
a broker, but this is what I'm doing. I know
how to be responsible with money because I've been a
screw up my entire life.

Speaker 4 (15:51):
Yeah, I wouldn't feel responsible for showing them anything.

Speaker 6 (15:54):
I mean like, no, he's he's showing his dad, who
has saved and scrimped his whole life. Like I'm not
going to go out and you know, blow it and
I'm not going to be like frivolous with it.

Speaker 4 (16:05):
Okay, but the guy who blew it earlier, Diane had
a big problem with I do.

Speaker 6 (16:09):
Oh sorry, he's trying not to do that.

Speaker 1 (16:11):
Right, Yeah, but I would. I would just be like, yeah,
I'm good.

Speaker 6 (16:14):
I mean, I hope he had fun because his daughter's
not going to benefit crying to uncle.

Speaker 1 (16:20):
Wouldn't I would? I would.

Speaker 4 (16:21):
I would definitely want to know and not because like
I would go. I probably would. Like if I knew
I was five years away from inheritance, I bet i'd go.
I wouldn't go nuts, but i'd go no.

Speaker 8 (16:32):
But you know what happened. You'd get frustrated with this
testing that's basically going on, and you'd run your mouth
and somehow work your way out of the inheritance.

Speaker 6 (16:41):
Oh my god, you'd piss him off.

Speaker 1 (16:43):
I know what the cause of death would be.

Speaker 6 (16:44):
Sorry, I'm sorry, but you've been written out of the
will unbeknownst to you.

Speaker 1 (16:50):
All Right, very good, very good. I hope. I hope
you get that money, but not tomorrow, if you know
what I mean.

Speaker 3 (16:57):
That's exactly what I tell him. I said, I don't
want it for at least twenty years.

Speaker 4 (17:00):
Okay, Well, that's also I mean the sentiment is there,
but you want it within twenty years.

Speaker 1 (17:06):
But that's the other thing, thank you. It would eat
at me. It would eat at me.

Speaker 4 (17:11):
It'd be bad for you to know this, because then
I'd be like, well, just buy me a house now.
I mean you may as well, like why are we
sitting on it? Like, let's get spending.

Speaker 8 (17:24):
Is there any part of that last story though that
upsets you or frustrates you because they not they because
they didn't know. But the father didn't really live an
honest life.

Speaker 1 (17:37):
Oh, because he didn't tell his kids.

Speaker 8 (17:38):
Well, he said they were lower middle class. They struggled,
and they could have because he was saving. But Diane,
there's a difference between being comfortable in the middle class
and scraping by.

Speaker 4 (17:50):
You know, I hadn't thought of it that way until now.
But yes, like if I had my upbringing because my
parents wanted to save, I'd have been like save less.

Speaker 6 (18:03):
No, sure, that's how that a lot of times that
older generation was brought up.

Speaker 1 (18:06):
No, my older generation parents were brought up.

Speaker 6 (18:08):
Broke, right, and that's what that's how they knew to live.

Speaker 4 (18:12):
Yeah, no, but no, no, no, it's not like money, right, Yeah, No,
it's not like they had and they pretended.

Speaker 1 (18:18):
Yeah, that's they had nothing.

Speaker 6 (18:20):
Right, they were living authentically.

Speaker 4 (18:21):
Yeah, I don't want to live like I lived with
the they just don't tell them. But I got ten
million dollars in the bank. Yeah, I'd have been like,
lung cancer, I'm gonna get you. I am like, what
are you? What are you doing?

Speaker 8 (18:33):
Oh my gosh.

Speaker 6 (18:34):
It only sounded harsh.

Speaker 8 (18:35):
Could you imagine if your mother came to you with
something like that.

Speaker 4 (18:39):
If my mom called me now and was like, hey, listen,
I see you know I was just diagnosed and I
want to let you know I'm leaving everything to your boys.
My first thing would be like, great, what are they get? Like,
what are they going to get? Like a half broken couch?
And if it were like twenty million dollars, I would
lose my friend, Hea, can mind?

Speaker 8 (19:00):
My kids are calling uncle Elliot.

Speaker 1 (19:03):
That's family money. Hi Elliott in the morning.

Speaker 3 (19:11):
Hey what's up Elliott? You'll like this story.

Speaker 7 (19:13):
So my grandfather was very wealthy, and he passed away
a few years ago, and he basically split a million
for the family. So I got like sixty five thousand.
My cousins all got the same. My dad got a
quarter million, and his two sisters got two hundred thousand,
and then in the will there's multimillion dollars that he
gave away to Cornell, which she was alumni of, a

(19:37):
charity that it's like an animal shelter charity type thing,
and then a school, a high school that he was
on the board for, so several million dollars I read
in the will went to all of that instead of
the family.

Speaker 4 (19:49):
Would I would curse Cornell every single day with every
breath that I had, Like, I.

Speaker 7 (19:55):
Need that money.

Speaker 6 (19:56):
I'm a hell of it.

Speaker 4 (19:57):
I'm worth sixty five thousand dollars. But Cornell, who's probably
got like a billion dollar endowment. They well, that's why
because people like your dad. Oh, I'd be furious, furious,
and you can.

Speaker 7 (20:09):
See it, Like if you're in the will, you can
see everything where all the money's going to. So I
have the will and you can read it.

Speaker 5 (20:16):
It's crazy.

Speaker 1 (20:17):
Did you throw it or anything? I would have thrown it.

Speaker 7 (20:21):
I mean I was brocus all at the time, so
I was happy, and my dad does pretty well, so
I should have something in the future.

Speaker 5 (20:26):
But I was just like, damn it.

Speaker 7 (20:28):
We could all have been millionaires.

Speaker 1 (20:29):
Yeah, I know, Oh that's heartbreaking.

Speaker 4 (20:31):
Well that's like the uh like who was the the
like the famous person who gave all of her money
to her her her animals. Was it Leona Helmsley? I'm
trying to think of a current reference.

Speaker 6 (20:44):
Didn't Joan Rivers leave a bunch of money to like
her pets?

Speaker 4 (20:47):
I don't know, probably, but yeah, it falls in line
with that. Yeah, I'm sorry. I'm sorry, dude, I'm sorry.
I would call the school and ask for the family
money back. I mean, like, I don't know what he
was thinking. Hey, thank you, my friend.

Speaker 8 (20:59):
Yes, Tom, the Cornell University endowment is valued at over
ten billion dollars, right, so they need it.

Speaker 4 (21:06):
So listen if you don't mind, like my dad, like,
I think he was losing it there towards the end.

Speaker 8 (21:12):
Would you start crying while reading it?

Speaker 1 (21:16):
Crying is hewling?

Speaker 3 (21:18):
Yeah?

Speaker 1 (21:19):
No, I think I would be. Yeah, I would be
bent over.

Speaker 4 (21:23):
In pain, Like I wouldn't be able to take it. Oh,
it'd be miserable, miserable. Wow, Like, I don't know that
guy's dad, and I'm sure he was a really nice guy,
but you have no idea how angry I am with him.
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