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Do I have a duty to my family business? I think it will ruin my life
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Hey everyone, please don’t hate me for this. I have done nothing in life other than be born and do my best. I have some successful people in my family. I also was a junky on skid row for a year about 12 years ago. When I got sober, I thought I needed money to be happy. I sacrificed everything to get to where I am and followed my hero who was my nana. She got into real estate at 55 and crushed it.

I am now the owner of several apartments and homes and am debt free. I make enough to do what I always wanted, provide for my child and marry a SAHM while being able to travel and explore the world. It’s amazing. But people are giving me shit for not scaling because I can. I honestly don’t expect to have anything when the economy tanks so have no interest in taking more debt and growing my portfolio. My family thinks I’m a disgrace to my future family for wasting my life traveling, but screw em. They won’t even let me have my trust money because of my drug addiction 12 years ago which is fine. But it pisses me off they think I’m a failure for not getting more potential drug money? I’m not worried about them but it does suck.

What is stressing me the f*ck out is my nana just changed her will to put me in charge of her trust. She started at 55 but owns 200 apartments in LA. She’s highly leveraged but worth more than anyone I know. My cousins and pretty much everyone else would sell immediately and she made me promise not to sell. My family honestly needs this money to be consistent and I agree selling land is the biggest mistake. I accepted because I was honestly so proud because I’m finally being recognized by my family.

Thing is, I hate Los Angeles. Like, absolutely distrust everyone who would live there. My nana is also offline which I’m only just starting and I don’t see how I can complete my life plans if I accept this. However, she has family I love who need this income forever. My nana knows this and begged me to ensure her work which she sacrificed every got damn penny to ensure lasts does. My attorney, my dad, my financial advisor would sell before she’s cold. My nana is my hero and she deserves to get what she wants especially giving me the chance to get what I wanted.

I could probably live within my comfort zone and stay humble for my wife and kids even with this business but I will work a lot and have a ton of debt which I hate. I also know that everyone changes with money. My poor dad lost his mom wife and dad in a year and as the only success in his family with many dependents, was sued by 2 siblings in a week after getting his dads trust. It was the worst. I’ve lost a ton of best friends from it and know it will ruin many good family relationships not selling.

I know this sounds insane to money lovers but I am backpacking and volunteering on farms for the next 4 months abroad staying in hostels. The money people don’t get it. This is something I’m only considering because I love my grandma and I know this money won’t last if they sell. My mom died young and I know she is watching me and proud of me. It makes me live my best life daily. My nana will be too and idk if I can do it. It will also change my family and my future into ways I spent my life avoiding.

It’s an empire and I am able to do it. But do I have to? I can’t talk to my attorneys because they will manipulate me. My dad will think I’m the biggest idiot on the planet and my cousins will likely sue me. This could be I. 10-20 years and I would take it but it could destroy everything if I don’t figure something out and it happens tomorrow. What do I do? Do I need to do this? Can I trust property managers at that scale? My best friends manage my buildings now but I wouldn’t trust anyone in LA and I don’t have 200 best friends or close. Maybe 6 people.

I’m not ungrateful, it’s the only reason I’m considering it and if you think I’m a POS for asking, let me send you a job where you work for 16 hours doing things your family hates and you don’t want to do. I’m not a workaholic and would be miserable. I need to figure this out asap. If I end up with the business and no plan I’m going to ruin my life which just now is getting great… thanks

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2 weeks ago