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Jess Rickey

👤 Speaker
1714 total appearances
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Appearances Over Time

Podcast Appearances

She's On The Money
She’s Financially Irresponsible. Why Should My Sister Inherit More?

Okay, maybe it depends.

She's On The Money
She’s Financially Irresponsible. Why Should My Sister Inherit More?

Yeah.

She's On The Money
She’s Financially Irresponsible. Why Should My Sister Inherit More?

Then we said, how would you approach this conversation with your mum without it turning into conflict?

She's On The Money
She’s Financially Irresponsible. Why Should My Sister Inherit More?

58% of people said, I would have an honest chat and explain my feelings.

She's On The Money
She’s Financially Irresponsible. Why Should My Sister Inherit More?

36% of people said, honestly, I'd avoid it altogether.

She's On The Money
She’s Financially Irresponsible. Why Should My Sister Inherit More?

And 6% of people said, I would bring in a third party like a financial advisor.

She's On The Money
She’s Financially Irresponsible. Why Should My Sister Inherit More?

Mm-hmm.

She's On The Money
She’s Financially Irresponsible. Why Should My Sister Inherit More?

I don't know that a financial advisor would really be much help in this situation.

She's On The Money
She’s Financially Irresponsible. Why Should My Sister Inherit More?

No.

She's On The Money
She’s Financially Irresponsible. Why Should My Sister Inherit More?

If I'm honest.

She's On The Money
She’s Financially Irresponsible. Why Should My Sister Inherit More?

It's more like... This is a moral dilemma.

She's On The Money
She’s Financially Irresponsible. Why Should My Sister Inherit More?

Moral dilemma, yeah.

She's On The Money
She’s Financially Irresponsible. Why Should My Sister Inherit More?

Yeah.

She's On The Money
She’s Financially Irresponsible. Why Should My Sister Inherit More?

Then, of course, as always, we said, what is your two cents?

She's On The Money
She’s Financially Irresponsible. Why Should My Sister Inherit More?

And we got heaps of responses.

She's On The Money
She’s Financially Irresponsible. Why Should My Sister Inherit More?

First person said, it's your parents' money, not yours, which I agree with.

She's On The Money
She’s Financially Irresponsible. Why Should My Sister Inherit More?

But then on the flip side, somebody else said, help should be equitable, which I think is a really interesting concept because...

She's On The Money
She’s Financially Irresponsible. Why Should My Sister Inherit More?

equity, not equality.

She's On The Money
She’s Financially Irresponsible. Why Should My Sister Inherit More?

Equity is the concept of everybody receiving what they need to put them on an equal footing.

She's On The Money
She’s Financially Irresponsible. Why Should My Sister Inherit More?

And so if we both needed to buy something, it was a hundred dollars and I had $90 and Beck had 50.