A Surprise Millionaire in Georgia thought he was doing a wonderful thing by leaving his local church a staggering bequest of $60,000,000; his entire life’s savings. However, the momentous event seemed to be more of a burden for the small congregation instead of a blessing. Where to use the money and how to use the money were decisions left up to the congregation with no direction from their benefactor. For a house of faith who wanted to remain just that, a house of the faithful; this posed some major concerns.
Would greed rear its ugly head, would they make the right decisions regarding the use of the money when there were literally thousands of worthy causes and organizations that could benefit? These concerns were turning what was meant to be a wonderful thing in to a major stressor for the church and its congregation.
This brings me to my point for all of you potential Surprise Millionaires out there. When determining who you will leave your wealth to, it is best to divide that wealth between several organizations, individuals and worthy causes rather than placing the entire estate and all of the pressures it may bring on one entity. Secondly, please either stipulate or at least suggest what you would like the funds to be used for.
A little planning on your part could save some very grateful, but conflicted people a little angst in the future.
Here is a post from The Small Investor regarding the purchase of automobiles. Like our Surprise Millionaires, The Small Investor would never buy new when used will do! Just think of all the depreciation you will avoid and the interest you will save when you make the decision to purchase that gently used automobile!
Mrs. SmallIvy is truly wonderful and supportive when it comes to handling money. One area where that really shows is in car purchases. Early on in our marriage we made the stupid decision to buy …
Continue Reading: Buying a New Used Car
Just when I thought I had read the most inspiring story ever (last post), I came across the story of Anna Kurzweil of Kansas City. A lifelong teacher and student of learning who put faith and others first in her life.
A world traveler (working in a leper colony!) gifted educator, writer, and poet, she counted her wealth in the friends she made, the family she loved and the faith she treasured, not in her bank book. But oh how her bank book told its own story!
Upon her death, the faith-based charities she honored were stunned to learn they would be the recipients of Anna’s $2 million estate!
Another amazing life well-lived and a benefit to mankind in general and their local community.
A quiet man in Chicago whose death didn’t really make the news certainly made the news recently. James A. Flavin, a man who wore old clothes, drove a beat-up car and lived in a small home in a poor neighborhood was thought to have an estate worth about $53,000. But then they opened that safe deposit box…
It’s the last day to download my Kindle ebook for free. I would like to thank all of you who have already downloaded your copy and hope you enjoy the read! The Surprise Millionaires has been a labor of love for me and a chance to profile some of the unsung heroes of giving and philanthropy in our world. Thanks again. 🙂
In honor of everyone who has supported the Surprise Millionaires over the past three years and to all of you Dads out there, I have made my Kindle ebook free for download for the next 72 hours. Happy Father’s Day everyone and thank you for your support!