Comments on: What Would You Do With Your Money If You Had Only One Year To Live? http://www.thesimpledollar.com/2007/05/14/what-would-you-do-with-your-money-if-you-had-only-one-year-to-live/ Financial talk for the rest of us Sat, 16 Feb 2013 01:14:45 +0000 hourly 1 http://wordpress.org/?v=3.5.1 By: wise owl http://www.thesimpledollar.com/2007/05/14/what-would-you-do-with-your-money-if-you-had-only-one-year-to-live/#comment-500720 wise owl Thu, 29 Jan 2009 17:55:44 +0000 http://www.thesimpledollar.com/2007/05/14/what-would-you-do-with-your-money-if-you-had-only-one-year-to-live/#comment-500720 In reference to the last post. Did the British man really loose his self? I think that if you give him about ten years he will tell you that it turned out well.

]]> By: Michael Moulton http://www.thesimpledollar.com/2007/05/14/what-would-you-do-with-your-money-if-you-had-only-one-year-to-live/#comment-28471 Michael Moulton Thu, 24 May 2007 14:21:47 +0000 http://www.thesimpledollar.com/2007/05/14/what-would-you-do-with-your-money-if-you-had-only-one-year-to-live/#comment-28471 Whatever your situation, don’t run out and spend it all. There was a story recently about a British man who was told by the doctors that he had cancer and less than a year to live. He quit his job, dug into his savings to enjoy lavish meals with family and friends, and spend time with his significant other. He took vacations, donated clothes to charity because he would no longer need them, etc.

A year later, it turns out the doctors were wrong and he NEVER HAD CANCER. Now he’s virtually bankrupt because of a false diagnosis.

Not having a wife or kids, I would certainly be tempted to do what he did– go out and spend it and enjoy the last year of my life as much as possible. But what if something like that happens?

]]> By: Rich Minx http://www.thesimpledollar.com/2007/05/14/what-would-you-do-with-your-money-if-you-had-only-one-year-to-live/#comment-25835 Rich Minx Tue, 15 May 2007 15:10:39 +0000 http://www.thesimpledollar.com/2007/05/14/what-would-you-do-with-your-money-if-you-had-only-one-year-to-live/#comment-25835 It’s also worth asking the same question every few years or so – you find your answer changes as your priorities change.

]]> By: anon http://www.thesimpledollar.com/2007/05/14/what-would-you-do-with-your-money-if-you-had-only-one-year-to-live/#comment-25830 anon Tue, 15 May 2007 14:41:01 +0000 http://www.thesimpledollar.com/2007/05/14/what-would-you-do-with-your-money-if-you-had-only-one-year-to-live/#comment-25830 you can also vary the timescale to test your values and priorities. For example, what would you do if you had only

- 3 days,
- 3 months,
- 3 years

to live?

It helps to reframe the question.

]]> By: ck_dex http://www.thesimpledollar.com/2007/05/14/what-would-you-do-with-your-money-if-you-had-only-one-year-to-live/#comment-25824 ck_dex Tue, 15 May 2007 13:59:27 +0000 http://www.thesimpledollar.com/2007/05/14/what-would-you-do-with-your-money-if-you-had-only-one-year-to-live/#comment-25824 Double emphasis on the estate planning. Anyone who has spent years as an executor for someone who did not attend to planning will appreciate this.

]]> By: Lior Haner http://www.thesimpledollar.com/2007/05/14/what-would-you-do-with-your-money-if-you-had-only-one-year-to-live/#comment-25767 Lior Haner Tue, 15 May 2007 08:18:43 +0000 http://www.thesimpledollar.com/2007/05/14/what-would-you-do-with-your-money-if-you-had-only-one-year-to-live/#comment-25767 First, I would also take care of my next of kin (This post actually helped me make some decisions). Saying that, I think I would continue normally but I would take more financial risk with my investment funds. Besides that, I will probably also travel as much as possible. Maybe to one of these places: http://yedda.com/questions/9510571917851/

]]> By: plonkee http://www.thesimpledollar.com/2007/05/14/what-would-you-do-with-your-money-if-you-had-only-one-year-to-live/#comment-25757 plonkee Tue, 15 May 2007 07:19:31 +0000 http://www.thesimpledollar.com/2007/05/14/what-would-you-do-with-your-money-if-you-had-only-one-year-to-live/#comment-25757 I also read this post, and like its author ispf, I immediately decided that I would travel.

But, to me that is still the more serious side. I’ve known for ages that one of the things that I really enjoy doing is travelling, and I work (at a job I enjoy) so that I can travel. Part of the point of my existence seems to me to see as much of and learn as much about the world as possible.

Trent is right, this does indicate what I should be doing with my money – its that just for me these are travelling and learning and not family.

]]> By: Laura http://www.thesimpledollar.com/2007/05/14/what-would-you-do-with-your-money-if-you-had-only-one-year-to-live/#comment-25731 Laura Tue, 15 May 2007 05:40:51 +0000 http://www.thesimpledollar.com/2007/05/14/what-would-you-do-with-your-money-if-you-had-only-one-year-to-live/#comment-25731 You sound like a really great dad, and that is one of the things that makes me really like this blog.

]]> By: Dy http://www.thesimpledollar.com/2007/05/14/what-would-you-do-with-your-money-if-you-had-only-one-year-to-live/#comment-25727 Dy Tue, 15 May 2007 05:35:20 +0000 http://www.thesimpledollar.com/2007/05/14/what-would-you-do-with-your-money-if-you-had-only-one-year-to-live/#comment-25727 It’s funny when you put things into perspective. I was fighting with my wife before this about something that had happened earlier this morning. Thanks for the reminder.

]]> By: ispf http://www.thesimpledollar.com/2007/05/14/what-would-you-do-with-your-money-if-you-had-only-one-year-to-live/#comment-25713 ispf Tue, 15 May 2007 03:13:48 +0000 http://www.thesimpledollar.com/2007/05/14/what-would-you-do-with-your-money-if-you-had-only-one-year-to-live/#comment-25713 “That’s nice and pleasant and everything, but why is the question important at all? That’s where things get interesting…”

Trent, Good point! I think it depends a lot on *who* you ask the question to. For instance, the better half and I don’t have kids – so when we asked ourselves this question, it really wasn’t that important and we immediately blew it off making grand plans for travel to exotic places :) There are some comments on my blog from people who I think are in a similar situation as us – they made some nice witty comments too and moved on.

However, when the question was posed to you (ie, when you read the question), you immediately thought about your family and kids. Because of where you are in life, there is a lot more weighing in on this question for you. And suddenly things are not that funny anymore!

Thanks for picking up on this and pointing a more serious side of the issue! I really enjoyed reading your post!

]]> By: PT http://www.thesimpledollar.com/2007/05/14/what-would-you-do-with-your-money-if-you-had-only-one-year-to-live/#comment-25649 PT Mon, 14 May 2007 22:47:39 +0000 http://www.thesimpledollar.com/2007/05/14/what-would-you-do-with-your-money-if-you-had-only-one-year-to-live/#comment-25649 Thanks for the reminder! Great post.

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