I got my inheritance at 13 but never became complacent

By Minh Phuong   September 16, 2024 | 06:28 pm PT
I got my inheritance at 13 but never became complacent
It is not advisable to become reliant on inherited properties. Illustration photo by VnExpress/Quynh Tran
I was promised land and a house by my parents when I was 13 years old, but I have always told myself to not rely on inheritance.

What should you do when you inherit a house? In my opinion, the best approach is to stay calm and lead a normal life. Selling inherited property for cash is a backward approach. Instead, focus on earning your own income for daily expenses, as relying on inherited wealth can lead to their depletion over time.

Selling inherited assets once can lead to a habit of doing so, eventually resulting in the sale of land and houses passed down from parents.

Although I have inherited assets from my parents, I still earn money to support myself and my small family. I have a principle of never relying on inherited assets. I view them only as savings for the future.

For daily expenses, I live within my means and only spend on necessities, saving the surplus in a bank account. I also prefer to let interest compound on my bank deposits instead of withdrawing it for personal use.

Now, I have two townhouses, a piece of land, and some money in the bank. I tell my son that he will inherit these assets in the future, believing it will motivate him to be diligent in his studies. I believe this because I also learned about my inheritance at a young age, which motivated me to study hard and work diligently to manage the wealth left to me.

*This opinion was translated into English with the assistance of AI. Readers’ views are personal and do not necessarily match VnExpress’ viewpoints.

 
 
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