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Gonna get some dough

August 6th, 2008 at 03:06 pm

I am trying not to think about it.
It has slipped my mind for more than a minute, but I can't think of anything else somedays.
I sold some land that I own. I didn't sell it all. After all, you never know what is down the road. There may be a time that I have no where else to go and I will have to buy a trailer and live on my land in the south.
I would prefer to build a house and be financially stable enough to move there and not be forced.
I just want my nest egg to come in.
In school, I have been learning that compound interest works better the longer it is in place.
Therefore, if I place $10,000 in an account now, by the time I am fifty, 24 years from now, I should have a pretty big hunk of change.
Now, I need the money now more than I ever have, but I want to save a large sum for later in life and for my children, should they need it.
How do I get this off my mind? The worse part is not knowing when or how I will receive the money. Does it all come in one check that me and my aunts have to divide? Will they divide it for me, bringing the question of if they stiff me, how do I get my money?
I don't want to think about it. I have been working and that money is helping. But I want to have NO credit card debt and buy a house within the next 5 years.
Is that too much to ask?

2 Responses to “Gonna get some dough”

  1. Joan.of.the.Arch Says:
    1218036353

    You should get the money from a real estate sale the day the papers are signed. Was the land co-owned by you and your aunts, so that the buyer is making out a check to an account, not directly to you alone? Was the sale handled with you at a distance by fax and mail, and perhaps with your aunts acting on your behalf with your power of attorney?

  2. HELPmefriend Says:
    1218042659

    I didn't get the money the day I signed since they signed the papers to buy on May 8th and I signed to agree to sell July 1st.
    It was co-owned and done by distance. My one aunt is in charge of it all and she doesn't even care, as her part of the land was not for sale.
    She wanted to get my power of attorney but I am perfectly capable of signing my own name.

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