Inherited mothers Profit Sharing / 401K, now what?

[BrianTheMute]

I was curious and looked up the price of the Polynesian hotel. It's over $400 a night for the cheapest room.

January and February, rooms at the Polynesian are 35% off, on top of the reduced rate from the off peak season. Making it the best time, and probably the only time I'll be able, to stay at the Polynesian resort. It came out to $2,500 for 8 nights for 2 people.

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It came out to $2,500 for 8 nights for 2 people.

That's $315 a night, which works out to be, if you spend 12 hours a day in the hotel (I wouldn't; I'd take full advantage of the park hours), works out to be over $26 an hour you're paying, which is rather expensive slumbering real estate.

Please remember that in life, when you see someone with money, there is often a reason. And that you had your chance to build wealth but blew it. With some exceptions, people aren't lucky they have money. They have money because they know how to spend it wisely.

Easy come, easy go.

[BrianTheMute]

I understand where you're coming from. But I'm not looking to be a wealthy person, I'm not looking to retire early. I just want to enjoy life as it comes at me. When I get a steady career, and my income, then I'll be smart with that money. But this is money that became mine because of an unfortunate situation. Spending it is basically just the same as if I had never gotten it. And if I would have never gotten it, I would have had to save money on my own. Plus, without the release and escape of an extravagant vacation.

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I understand where you're coming from.

You really don't. I'm not talking about early retirement but instead about being able to pay unexpected bills or even having the money to take several nice vacations. If money burns a hole in your pocket, then studies imply that your chances at success in life are diminished.

Stanford marshmallow experiment - Wikipedia, the free encyclopedia

If you follow through with the extravagant hotel room, please dress appropriately and leave a decent tip for the person who cleans your toilet.

[BrianTheMute]

As far as the candy experiment goes; I don't need 2 trips to Disney. I'm satisfied with one really good one.

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As far as the candy experiment goes; I don't need 2 trips to Disney. I'm satisfied with one really good one.

Great. But now you must sign a waver stating that since you insist on spending all that money, you will never ask any state or federal government entity for any kind of a handout in the future and you will pay all creditors and bills (including rent) in full and on time. Deal?

[BrianTheMute]

Great. But now you must sign a waver stating that since you insist on spending all that money, you will never ask any state or federal government entity for any kind of a handout in the future and you will pay all creditors and bills (including rent) in full and on time. Deal?

But in the world we live in, this isn't necessary. If I ever find myself offered a handout, I'll happily take it.

That being said, I don't think it's relevant. Like I said, this money is added income for me. If I would have never gotten it, I would have had to live only on my own income. Which is what I will do.

[Slug]

It's nice to hear you have no debt. How large is your credit line? How many months of savings do you have in an emergency fund? How much do you put towards retirement each month and how much have you saved for retirement in total? I think these are the types of questions the forum is concerned about when they hear your current plans.

Happy Thanksgiving to all by the way!

[BrianTheMute]

It's nice to hear you have no debt. How large is your credit line? How many months of savings do you have in an emergency fund? How much do you put towards retirement each month and how much have you saved for retirement in total? I think these are the types of questions the forum is concerned about when they hear your current plans.

Happy Thanksgiving to all by the way!

The answers to all these questions are N/A, because I have not yet began living life as an adult. Next year will be my first year of adulthood, and then I will start worrying about those things. Also, those things will be covered with my own income.

[AceBarks]

At 25, you're an adult. Whether you want to be one or not, well that is a different matter.

Have fun at Disney and Happy Thanksgiving!

[BrianTheMute]

I'm a man-child, haha. Next year, I become an adult.

[moneybags]

Don't forget to fly first class. It will make your trip extra special.

[BrianTheMute]

Don't forget to fly first class. It will make your trip extra special.

We would, but we're both really afraid of flying. We plan to just sleep the entire flight.

[disneysteve]

I was curious and looked up the price of the Polynesian hotel. It's over $400 a night for the cheapest room. Quite frankly, I can pay cash right now -- for everyone and their families who have replied in this thread -- to stay at the Polynesian for several weeks.

However, (sorry DisneySteve!) I will not do that.

Darn. You got me excited there for a minute.

Something tells me that the Polynesian is not where DisneySteve's family stays each year.

On our most recent trip in August, we rented a beautiful 3-bedroom, 3-bath home, full kitchen, living room, dining room, laundry, screened in private pool, big screen TV, all the amenities. For that, we paid a whopping $89/night.

Making it the best time, and probably the only time I'll be able, to stay at the Polynesian resort. It came out to $2,500 for 8 nights for 2 people.

You haven't responded to the questions of why you feel this is your only chance to do this. You are 25 and just starting out in life. It must be pretty depressing to think you won't ever be able to take a nice vacation again. My wife and I are both 47 and we've taken many, many nice vacations over the 19 years we've been married, both with and without our now 16-year-old daughter.

As for spending $2,500 for the Poly, I know people do it every day but I fail to understand why. We almost always spend some time at Poly when we visit. We like to rent speed boats from their marina. We sometimes have lunch at Captain Cook's or Kona. We like to browse in the Wyland gallery. And sometimes we just hang out and relax in the beautiful lobby, all without spending a dime to stay there. As I said, the 3 of us spend less than $2,500/week for our entire trip including transportation from NJ, accommodations, park tickets, food, souvenirs and incidentals.

I just want to enjoy life as it comes at me. When I get a steady career, and my income, then I'll be smart with that money.

Part of enjoying life as it comes is being smart with your money and being prepared for what may come. Getting a steady job and higher income isn't what makes you smart with money. If you aren't able to be smart with it now, what makes you think you will suddenly think or behave differently next year?

As far as the candy experiment goes; I don't need 2 trips to Disney. I'm satisfied with one really good one.

I doubt that. For someone who is a big enough fan to a) know that the Snow White ride is closing and b) care so much about it that you are traveling there just to ride it, I'm willing to be this will not be your final visit to Disney World.

The answers to all these questions are N/A, because I have not yet began living life as an adult. Next year will be my first year of adulthood, and then I will start worrying about those things. Also, those things will be covered with my own income.

I'm a man-child, haha. Next year, I become an adult.

I'm really curious what this means. Why are you not an adult at age 25? Are you still in school? Are your parents still paying all of your expenses?

[BrianTheMute]

On our most recent trip in August, we rented a beautiful 3-bedroom, 3-bath home, full kitchen, living room, dining room, laundry, screened in private pool, big screen TV, all the amenities. For that, we paid a whopping $89/night.

If you point me to a place like this on Disney property, I would be more than happy to check it out. That price is amazing.