Aidan believes that exposing his children to the challenges of managing wealth early on could lead to mismanagement, which is why he sets strict conditions for their inheritance.
Set aside a specific amount of money that you are willing to share with your family. Let them know that you have allocated limited resources to help them, but when it's gone, they are on their own.
You may be putting the cart before the horse here. Sure, there are signs that your sibling isn't doing a stellar job handling their finances, and you might even be right that there's a good chance they'll hit you up for money down the road.
Winning the lottery can create complexities in relationships, especially with family who feel entitled to a share of the winnings, as you're experiencing.
Younger American Express credit card holders are bucking industrywide trends regarding fiscal responsibility, said Amex CEO Stephen Squeri. Squeri said during an earnings call on Thursday, in which the company surpassed Wall Street expectations, that millennial and Gen Z customers are "performing significantly better, both from a FICO perspective and from a delinquency perspective, than the industry."
