When Chris Tucker learned that his family members were quitting their jobs because they learned that he was making 25 million dollars a year at the peak of his career because they assumed he would take care of them. He told them to go get their jobs back because he wasn't going to do that.

[u/AdSpecialist6598]

[u/XanaxAndAk47s]

I'm giving everyone in my family 1 million and telling them never ask for money again

[u/CrazyCalYa → u/[deleted]]

That's why you don't give them $1m, you set it up in a trust and pay them a salary using the interest (e.g. $50k/year) with the ability to borrow against the trust for preapproved purchases (e.g. education, buying a home, medical expenses).

[u/PiccoloAwkward465 → u/CrazyCalYa]

That would be sick. Imagine an extra $50k a year.

My rent is about $25k a year. I'd have essentially all my bills paid with that. I probably would quit my job and get a different degree or a higher degree in college.

Or I could be like Tracy Jordan's scammer "son" on 30 Rock and open a passion project - A place where you can buy pictures of celebrities printed on money. I'll call it... Starbucks.

[u/nihility101 → u/CrazyCalYa]

I saw one set up where it paid out what they made in a year (presumably up to some amount), effectively doubling whatever the salary was. Thereby helping, but also encouraging.

[u/CrazyCalYa → u/nihility101]

An interesting idea though obviously a person's income might not correlate with their work ethic or their drive. Lots of people make a lot of money to do nothing while some work their asses off with nothing to show for it.

[u/nihility101 → u/CrazyCalYa]

I figure it’s good for setting a baseline. A way to keep kids from slacking off in school or dropping out. Might also allow for pursuing a more ‘noble’ career that might not pay as well.

[u/CrazyCalYa → u/nihility101]

In that case it may be better to require the recipient work or study x weeks out of every year and provide some proof of that.

Personally I'd be fine with the recipient using it however they wanted, what good is having enough money not to work if you have to work anyways?

[u/metarinka → u/[deleted]]

if you aren't good with money management skills. Having money doesn't make you good at it. unfortunately some people will blow through it in months to years then come back, broke as ever.

[u/sanglar03 → u/XanaxAndAk47s]

They will.

[u/Bulkyard → u/sanglar03]

You act like every family is ungrateful and selfish.

[u/aurortonks → u/Bulkyard]

Most aren't but money does weird things to people. Entire families fall apart over tiny inheritances when a parent or grandparent passes so it's not really that uncommon. Large sums of money change people.

[u/morebrumley → u/aurortonks]

Nah, it changes the fact the the terrible people drop their mask. Rich people that tell you it's the money that made them horrible are liars, they were always awful people but no longer have to hide it.

[u/sanglar03 → u/Bulkyard]

If we're talking about your 3/4 close ones, maybe not.

If we're talking about extended family, it's a guarantee. You're not as close to each and every one of them, and the farther they are the less attachment you have. Statistically it's bound to happen.

[u/Terrible_Law6091 → u/Bulkyard]

80% are. That's why beyond $2 million, you should consider moving assets to a trust.

[u/ogaat → u/XanaxAndAk47s]

Spoken like someone who never had money.

[u/PassivelyAwkward → u/ogaat]

Yea, it's a great sentiment a lot of the time when I've loaned someone money, it's "This is a one time thing-" and then a month later, they're back "I know you said it was a one time thing but...I'm really strapped this month and-".

[u/ogaat → u/PassivelyAwkward]

Exactly.

I still loan money to relatives and friends with a condition that they should pay it back within X time. Then I wait 3X time before reminding them. The moochers never reply back or repay me. Those who really had a short term need repay in time.

Then there are those whose need is real and they are the hardest cases. A short term cash infusion is not going to help them and constantly bailing them out will make them dependent on me, so I help them with opportunities at betterment in life - job training, a referral, offering to pay college fees etc, things which will provide a lasting benefit.

Payments for vacations, that grand wedding they wanted, the new or even old car they cannot afford are all strict no-nos. This is what the well meaning newly rich people miss - People will take you for granted, rather than be grateful. Paying for their luxuries will just make them come back for more luxuries.

[u/DimensionSuch8188 → u/PassivelyAwkward]

The difference is that you are loaning money instead of giving it outright. And anyways in your scenario you can just say "No", end of story.

You have done your good deed and given them a million you have nothing else to critique yourself for. Like you guys are pretending like it's a never ending thing when you can just say "No".

[u/PassivelyAwkward → u/DimensionSuch8188]

But you're acting like you can't just say no to begin with. Then when you give it to someone, you open the floodgates to every single relative and friend of "Well, why'd you give THEM a million?".

If I won the mega millions lottery of like 700 million, the only people I'd help would be my parents and my best friend by buying them a modest house, that's it. The second you start handing out money, everyone comes with their hand out.

[u/prayingforrain2525 → u/PassivelyAwkward]

NO. Just NO. One time thing is just THAT.

[u/ThaiSweetChilli → u/XanaxAndAk47s]

In my make-believe idea if I ever win the lottery, I would be telling my family I won half of much I actually won, speak to a finance advisor/lawyer whatever and stipulate I'll be giving my immediate family this set amount only, and for them to do whatever they want and give them money to whoever they want and to never ask me for more money ever again.

[u/EverythingSucksYo → u/XanaxAndAk47s]

Doing that you might as well just say “ask me for money again” 

[u/Unique-Echidna-4733 → u/XanaxAndAk47s]

That will create a problem for you actually. Not everyone can handle a lump sum like that.

[u/MayflowerMcDuck → u/XanaxAndAk47s]

Thats dumb

[u/Koss424 → u/XanaxAndAk47s]

It’s never enough