I've always heard the adage that when someone comes into an unexpected windfall of money, "the poor spend it, the middle class save it, and the rich invest it." As I've navigated the process of inheriting money, I've concluded this is spot on, but it comes down to how each of those classes teaches (or fails to teach) their children financial competence.
-- Sarah Adams, My children and I inherited $741,000 from my aunt. I made one mistake with the money that I wish I could take back.
