Warning! Unstructured post ahead!
Some of you may have recently stumbled onto the blog from my recent post on Inheritance Tax on Monevator. If that’s the case, hello, thank you for visiting!
If you’d indulge me, I’d like to share some of the personal element behind that post. Because whilst it is an immense honour to be writing on the Monevator site, it is quite poignant.
The trigger for me seeking the FI journey was not having a terrible job (in fact I was very lucky to have had some really great jobs). Rather, my father suddenly passed away in his early 50s when I was a teenager weeks before my exams. Safe to say it was pretty devastating. I was lucky, however, in that my later father was a frugal guy, and he’d semi-retired in his late 40s from his long-hours accountancy job. (By all accounts he was not a frugal guy in his 20s, being some kind of ‘rolling stone’ who you’d find in some dive-bar in Bangkok).
I inherited some money from him, in the low six-figures but I don’t know how much (because nobody told me or gave me any paperwork, me being a spotty teenager). Thus began my FI journey. Well actually, I had already been saving long before then – I had built up around £20,000 in my own name by saving and working (and believe it or not, sharing some winnings from the National Bingo – yes it’s actually a thing!).
I’ve written about most of these various things before (except the Bingo, as it’s a bit weird) – you can read my FAQs. I’ve always been a bit reluctant to share ‘my personal story’ as I really don’t like talking about myself, to be honest, I’m quite uninteresting. But for some reason, people like to read more about me (the world is mysterious).
Between studying, working and caring for my disabled mother and younger sister I got one of the best educations money can buy – learning about investing from Monevator. Over time, I saved more, invested more and so on. And from that starting point, I kept compounding. Over time, I fell out of love with my job and quit – not because I was ‘Financial Independent’ or ‘Retiring Early’ more that I didn’t want to keep doing stuff I didn’t want to do (I’ve got a confession to make).
After much nudging Mrs YFG got me to start a blog and quite unbelievably people other than my mum actually read it (well, my mum can’t use a computer, so I have to print the articles out and read them to her). I don’t think I’m special or anything. But if I’m able to help some people out there with finances, then it’s been absolutely worth it. I’ve also learned a lot so I’m really glad I started writing.
Anyway, I just wanted to say this. I’m willing to bet there are a number of readers out there who’ve lost their parents and received some inheritance. I just want to say, it’s nothing to be ashamed over or embarrassed about. There’ll always be not very nice people who will belittle you at any opportunity – over anything (your appearance, your hobbies, your gender). The thing is, once you’ve been through some tough things in life, you know what those people say isn’t worth listening to.
I’ll go out on a limb and guess that most people would give every penny they have to get their loved ones back. I would. Getting an inheritance isn’t ‘cheating’ it’s just the aftereffect of a tragic event.
You can only play the cards you are dealt with. My advice is to play them intentionally and not to give a toss when somebody else tells you how to play them.
All the best,
Young FI Guy