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His inheritance: Tough lessons about money

Posted Nov 02 2007, 05:33 PM by Karen Datko
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The Dough Roller's financial assets weren't inherited. What he got from his upbringing was an appreciation for a dollar and what life is like without a sufficient supply of them. His candid account his stepfather's bad financial decisions (DR lived with his mother and stepfather) and their impact on the family contains many stark lessons about money and life. We'll share this detail from his post: The death of his father in a car crash entitled DR to Social Security benefits, which were used to pay his stepfather's bills and avoid bankruptcy. The post ends with DR's summary of insights he gained. Among them: "We are the sum of our circumstances multiplied by our choices. Each of our circumstances differs but they almost always involve struggles. From those struggles, we can learn and we can choose."

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Donna, thanks for mentioning my post about childhood lessons and money.  The difficult times in our lives are no fun, but it's at those times that we learn the most.

Dough Roller (Posted 11.02.07 10:05 PM ) Report Abuse

Karen- I lost my wife of 45 years on Dec 24th of 2008 due to unexpected complications with surgery. Im  currently looking at chapter 7 bankruptcy in august due to large medical bills- over $650,000 worth. but my concern is with the life insurance she had which amounted to only $56,000. I have other concerns going and have not really thought about the insurance- will I get hit with both federal and state taxes here in Montana?

john goldsmith (Posted 07.30.09 3:24 PM ) Report Abuse

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