Why more families than ever are ending up in court over wills.
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Coming up in today's episode, three stories that sound incredibly far apart but actually are weirdly intertwined. The first one, is Cartier the new Hermes? The love bracelets that everyone is obsessed with are increasing in value, but is it actually a good investment?
Second, Secondly is the India exam scandal. So student doctors have been paying for their exam papers ahead of time and it's causing huge wealth divides.
And third, the great wealth transfer, but it's not actually in regards to how much money is being passed from generation to generation. It is the fact that over the last decade, the amount of families and people that have ended up in huge fights over money has risen by 130%. We talk about some of the main reasons why we're seeing such an increase in fights and fallouts over money, as well as practical tips to avoid this from happening within your own family. Welcome to The Curve Weekly. This is where we read the finance news so that you don't have to.
I'm Abbey Foster.
I'm an ACA Chartered Accountant, founder, author, and finance content creator. And I'm Sophie Hall-Wright. I used to produce some of the biggest shows in the world. I've now started this podcast to try and understand more about money and the economy. But before we dive in, here is a quick word from today's sponsor. Strong returns in one year, I mean, you could say luck, but strong returns over 10 years, that's a track record. Find out more about Generate's 10-year track record and see their disclosures in the show notes. Remember though, track record does not guarantee future returns. Abby, before we get into today's episode, let's do a little overview. So Abby is filling in for Vic as she is in New Zealand currently working on...
What should we call it? Project TCI? Maybe that's giving too much away. Anyway, welcome back. Thank you so much for filling in for Vic. How has your week been? What's been happening? Actually, oh my God, should we do in the red or in the green? Yes.
So I think I'm in the green because at the end of last week, I was not feeling good. And so at the weekend, I think this is what a lot of women do. I was like, right, everything has to go. Like all the clothes in my wardrobe, I hate. They have to go. I need to clear out my flat. I need to clear out everything. And I did. You had a purge, a full on purge. I had a full purge of my flat. I like threw out just even little things. Like I have this set of like three glasses that I have that I hate. And so I bought, I know it sounds ridiculous. They're just like drinking glasses, but they're the wrong shape, the wrong size. I just don't like them. And I think my mum like gave them to me. Three is sort of a really annoying number, isn't it?
Exactly. And that was the worst part about it. It's like, it's two or four or six. It's never, and like, and they just were in my cupboard and I would like hand people a glass. And then if there was a fourth person, it looked weird. I was just, it would upset me. Anyway, the point of the story is that I cleared that out. I bought myself these like six glasses. like tumblers I really like. I got all of the clothes out of my wardrobe and I was really ruthless with the stuff that I don't love anymore. And I just put them on Vinted. And I've made, currently, I've got some pending balances, but currently I've made £249 of selling like a few dresses that were beautiful and,
So I did this recently with I'm going to sell my bike. There was a pair of sunglasses I wasn't wearing. I've just decided to do the same thing. It sort of gets me for some reason if I'm selling something for way less than what I bought it for. It's a little dagger to the heart, but I've got to get over that because sitting in the water is so much worse.
Well, exactly. It's making nothing. And actually, every time I open my wardrobe, it was like busting at the seams. It wasn't making me feel good. And some of the dresses, just in case, I lost weight last year for lots of reasons. But I lost too much weight last year and I bought a load of things at the time that I thought were going to make me feel better.
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