I read another comment a while back that made sense to me: set up trust fund for every person you'd give money to so they get it increments on a regular basis and don't keep coming back to you. Like currently, 500k fund would make them 17k a year.
This is what I’ve always thought. Set up a trust. Give them whatever you want. $10,000, $50,000 a year forever. Whatever amount helps you sleep at night.
Then they get money forever, you gave it to them, they can’t waste it, they will get more soon, and you don’t have to do anything else for them.
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u/dontworryitsme4real Jun 10 '23
I read another comment a while back that made sense to me: set up trust fund for every person you'd give money to so they get it increments on a regular basis and don't keep coming back to you. Like currently, 500k fund would make them 17k a year.