Dr. John Deloney

Was the duplex another one of his scams?

When you say it's a wise investment, what are you going to clear after both rents come in on the mortgage and the insurance and the upkeep?

And then the month after that, you're only paying interest on $9,000, right?

Otherwise, you're going to pay interest on $10,000, $10,000, $10,000, $10,000 until you accrue that.

So the actual amount of interest you're paying goes down, too.

All right, today's question comes from Denise in South Carolina, and it's a good one.

Denise writes, I'm 76 and I have two children, a daughter that's 45 and a son who's 47.

My will divides my assets equally, which is how I want it to be structured.

My daughter is and always has been irresponsible with money.

I'm now considering putting her share, about $500,000, in a trust to provide an income for her without giving her access to the principal.

Is this the best way to provide for her, or should I just let her have the same payout my son will get and let her blow it all on concert t-shirts?

Number one, don't hate on the concert t-shirts.

It's all good.

I know.

I've got my own opinions on this.

What do you think, Jade?

Yeah, you get to do what you want with your money.

Right, right.

And the challenge here is, I've gotten this question before, and someone's like, my son is an alcoholic, or my daughter struggled with drug abuse on her own.

And this is one, I just don't like how she spends her money.