One year to live.....
I would get as many credit cards as I can, visit as many loan sharks as possible, then I would max out all the cards and spend that money having the best year ever.
We would travel to all of the places around the world that we have wanted to go to and do everything we have wanted. I would teach my kids to live life to its fullest, kind of like what I am trying to do now after my brush with death this year.
I would invest quite a bit of the money into crypto and other investments for my family’s future. That way when I am gone I wouldn’t have to worry about them being taken care of.
Hehe ya, I would not care to much about a credit score or saving for the future if I know the time was coming. There is a time for saving and trying make sure you can live a decent life. Than there time for spending for the here and now.
Only down side is if they come after what is left of your estate after you are gone. What they can't find they cant try and get!
Credit will live for me, that's the point! :D
Anyway I don't know how crypto invest from borrowing money will help your family, if you will have big debt in banks hmm..
Traveling the world is the main topic here and I think getting new experience is the most valuable things for humans :)
Thanks for sharing your story!
I would make sure he credit dies with me and they aren’t stuck with any of the bill.
Good to know fact that you will handle this.
In Mexico if someone dies, the credit dies with them and there are insurance policies to make sure the bank doesn't lose here. I read somewhere that in the US some credits are inherited or passed on to the endoreser (not sure about the word here, that dude who co-signs with you whenever you are getting a big loan), is that true?
Ya, the banks do have insurance policies to protect themselves. You are correct though that if someone does co-sign on a loan, it is then their responsibility to take care of the loan. That is why I wouldn't have anyone co-sign on it.
I guess that's an approach I hadn't thought about, to try and teach those you leave behind to live, love and learn even when you are no longer by their side, to enjoy life to its fullest without feeling guilty that you're not there anymore to live it with them. I guess that sort of mindset kicks in once you have a family of your own, or maybe I'm just selfish for not thinking about that one xD
Ya, I would just want to make sure my last time with them is epic and filled with really great memories.