How am I suppose to reap what I sow when I have inherited $3+ million in debt?
The two sides:
We hear it all the time: You reap what you sow. We also see the old theme: A guy inherits the sins of his father. Both situations exist but can they exist together? If we reap what we sow then what are all these problems that pop up that we never knew about? If we inherit the sins of our fathers (parents) then how do we ever create a life of our own? Maybe we reap the problems of our parents? Or do we only make our own gains after we overcome the situations passed down to us by our parents (financial, psychological, or situational)?
The problem:
I have not paid any of the mortgages this month. There are also a lot of bills that have yet to be paid. On top of that there are fines and dues from the various HOA’s and other monetary collecting bodies that have yet to be paid. Add in credit cards, borrowed funds, and other various loans and payments and we’re looking at about $30 thousand that needs to be paid immediately. This is not the total of my family’s debt however. The total of my family’s debt exceeds $3+ million. Hmmm… and all this time I’ve been thinking 3 was my lucky number.
The answer:
$3 million in debt is not that bad. I’m sure if we all looked into our families debt it would be much more than we thought was possible. Maybe not $3 million but more than we think. A $1 million lump sum is not that much because there are bills every month. $1 million will eventually run out if it’s not put to work. Thus, how am I suppose to become all that I can be and “reap what I sow” when the financial decisions made by my parents have put us in a terrible financial situation and has caused me to “inherit their sins?” I love my parents and they have taught me a great deal but somewhere along the 26 years of my very young life mistakes were made in regards to financial planning. I can’t say who’s fault it is because no one owns up to it. That’s not really important anyway. What’s important is what we do from here. I have an idea to get through all of this but I lack the knowledge to pull it all off. I also lack the discipline, focus, and hunger to get everything together. Luckily, I possess an ability to allow me to overcome my shortcomings. Maybe. Hahaha. Hopefully I can learn to become disciplined, focused, and hungry enough to gain the knowledge I need to turn this disaster into good fortune. Then not only will I be able to successfully carry my own weight but I’ll be able to carry the weight of my parents as well. Who wouldn’t want to be able to do that?

