Generally most people inheriting money will go out and spend most of it, IMO.

Jul 31, 2020
11:53:13am

Forzaitalia 3rd String

Seen it many times. It's the basic economic law of satisfying unlimited wants with limited resources. No matter how much dough you have, there's always something more you want to buy.

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Forzaitalia

Bio page: Forzaitalia
Joined: Sep 16, 2019
Last login: Apr 25, 2024
Total posts: 8,943 (7 FO)

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Messages

Author

Time

Went to a stake conference once where Elder Perry went off on this topic

Gustav

7/31/20 8:06am

What a weird thing to talk about in a church setting

Slim

7/31/20 8:07am

Not really. Hearing him talk about stuff we all deal with is endearing, IMO.

Iman23

7/31/20 8:09am

I remember the first time my parents paid off all of our mortgages.

Ojiisan

7/31/20 8:11am

I meant more generally - inheritances and family issues. It's something that

Iman23

7/31/20 8:13am

🤷 I don’t talk to my parents much and I’d be lucky not to inherit their debt

Slim

7/31/20 8:21am

<< Deleted >>

Iman23

7/31/20 10:55am

You have to wait until they secure that huge Apostle salary of $140k a year.

ordinary tri guy

7/31/20 8:18am

Some of those book contracts help, & they can sit on the boards of corps, right?

ReyOso

7/31/20 8:27am

Plus.. any positive cash flow from ages 60-95 can really add up

cougfanz

7/31/20 8:29am

They do not sit on boards any longer and haven't for probably 20 years

kansascougar

7/31/20 8:53am

Vice President and treasurer of several retail businesses.

md7Coug

7/31/20 8:34am

I believe that is now prohibited

cosmos son

7/31/20 6:48pm

That was Elder Perry’s career path pre-church service.

kansascougar

7/31/20 6:52pm

Can you even imagine how big a down line he could’ve had?

scootsy

7/31/20 8:41am

He was old. Plus they have no expenses. $140K for 50 years with no expenses

macdizzle

7/31/20 8:56am

Fair point as I think we only look at those that step down in salary not up.

ordinary tri guy

7/31/20 9:23am

I disagree with your self-limiting view of church but I think a lot of people

rcbyufan

7/31/20 8:31am

Debt has been a frequent topic of talks by general authorities. It was one of

BerkeleyCoug

7/31/20 8:39am

what's wrong with wanting to live in Utah? Even taking lesser opportunities?

EEcougar

7/31/20 8:29am

Being there and understanding the context would probably help

md7Coug

7/31/20 8:36am

Nothing inherently wrong with it

Gustav

7/31/20 8:38am

Anecdotal story that happened to me

md7Coug

7/31/20 8:44am

Forzaitalia

7/31/20 12:13pm

can't blame them. Houston really really sucks to live in

Mayor of Cougartown

8/1/20 4:40pm

RE: Nothing inherently wrong with it

85fan

7/31/20 1:39pm

If you feel Utah is best place to raise your kids, then it is inherently wrong

viper

7/31/20 2:59pm

For very few people would I expect that to be the case

Gustav

7/31/20 3:27pm

I grew up in California, but spent a few high school years in Ut. Ut definitely

viper

7/31/20 4:10pm

Living away from family, it would sure be nice to live by family and at least be

cougaman

7/31/20 3:15pm

Neighbors just had their renters move out of the basement this week. They’re

maxpowers

7/31/20 8:39am

Because it’s more important to stretch ourselves and grow than to

garyfan

7/31/20 8:47am

I have two brother-in-laws that have refused to live more than 5 minutes from my

BerkeleyCoug

7/31/20 8:48am

Moving away from family was the best thing we did for our marital and personal

Powerbait DPM

7/31/20 10:38pm

It's a personal choice and no one is telling a specific person to leave Utah.

califcougar

7/31/20 10:20am

I'm sometimes amazed at the pay-cuts some of my friends are willing to take to

Judge Judy

7/31/20 8:42am

I don't get it either. I don't know if it is a lack of independence (on the

vegasnative

7/31/20 11:03am

Generally most people inheriting money will go out and spend most of it, IMO.

Forzaitalia

7/31/20 11:53am

I want to be close to people I value most. Thus, Utah. Family > career for me.

doups3

7/31/20 12:14pm

I'll be relocating from Utah county to Austin TX in the next few months for a

creameryon9th

7/31/20 1:14pm

It can be incredibly hard to form strong friendships with neighbors in Utah for

BringYourUltimate

7/31/20 1:34pm

So lets say you live in southern california near your family and her family

cambo

8/1/20 2:06am

Tbh it would be a family event plus friends and neighbors. I would say 90+%

creameryon9th

8/1/20 9:15am

My wife and I were in Austin for 3 years but graduated and moved back to UT but

Cougphysio

8/1/20 6:52pm

Nothing is more normal than wanting to live near family. This is what the vast

valleus

8/1/20 8:42am

it's not more complicated than people want to live near their mom.If I say mommy

Mayor of Cougartown

8/1/20 9:20am

I love Elder Perry--so down to earth, tell it like it is. Feel same way about El

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