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Rich relatives

  • 22-06-2024 6:24pm
    #1
    Registered Users Posts: 17 Lolfox


    I have one sibling, a brother who through a serious of fortunate events has become wealthy. This wasnt through having good jobs and hard work. Lady luck smiled on both him and his wife. His inlaws transferred 5 houses to them that they rent out as holiday lets and then my brother received a redundancy of €200K, he was planning on leaving this job anyway and had secured another job so he has really lucky that he had not handed in his notice. This has left them in a very lucky position that they are mortgage free and able to live a really good life.

    I on the other hand am married with 3 kids, both of us work in reasonable jobs but by the time we pay the mortgage and bills we have relatively little left. I guess we are like most people in that we just are getting by and money is tight.

    Their life compared to ours is very different. Lately this is getting me really down in that we can do nothing really to change our situation - worrying about money is not going to change for us. Sadly lady luck never smiles or shines on us.

    Sometimes its like they get a kick out of saying things like what I should buy or where we should go on holidays etc when they know bloody well we cant afford it. The more I see and hear from them, the more it gets me down yet I dont want to break the relationship with them as he is my only brother and my kids get on great with their kids. Its like every year they get richer and we get poorer. Does anyone have any advice on how I deal with this?

    Post edited by HildaOgdenx on


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Comments

  • Registered Users, Registered Users 2 Posts: 21,808 ✭✭✭✭Water John


    I think it would be right to have a once off conversation with him alone, pointing that you don't have such resources and that you find such remarks difficult.



  • Registered Users, Registered Users 2 Posts: 15,407 ✭✭✭✭Vicxas


    Comparison is the thief of joy.

    If you spend your life comparing it to your brothers then you’ll never feel successful or happy in life. If it bothers you so much reduce contact with him until you feel better about yourself or your situation.

    Focus on you and your life. That’s the only thing you can change



  • Registered Users, Registered Users 2 Posts: 21,808 ✭✭✭✭Water John


    No need to isolate from him, unless he's a gobs*ite.



  • Registered Users, Registered Users 2 Posts: 4,978 ✭✭✭standardg60


    Yes just look at how great your kids get on with his kids and realise there is more to happiness in life than money.



  • Registered Users Posts: 17 Lolfox


    I never used to compare. But lately there actions are making me compare. Sometimes its almost like they are shaming me by their comments. For example my husband and I both drive 2 old cars because its all we can afford and we dont want to take on debt other than our mortgage at the moment due to childcare costs. Recently my brother suggested we should get a BMW like them because great boot space and they save on running costs as its electric. Super for them but I cant afford that ( ant even afford any car) and being honest they know I cant afford it. Its like they want to make us feel bad or else they are completely out of touch.



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  • Registered Users, Registered Users 2 Posts: 36,553 ✭✭✭✭BorneTobyWilde


    If I was '' rich'' I'd help my brother.

    I play the Euromillions every draw, and my one thought in doing so, is '' I could help so many people if I won''



  • Registered Users, Registered Users 2 Posts: 6,173 ✭✭✭Augme


    What did you say when he suggested getting a BMW?



  • Registered Users Posts: 17 Lolfox


    I suppose Im worrying as the kids get older that their relationship may change due to money aswell. I hope it doesnt but it could. Their kids get everything they want.



  • Registered Users, Registered Users 2 Posts: 828 ✭✭✭who what when


    I remember when i bought a new car a few years my brother in law asked with genuine bemusement 'why didn't you get an Audi Q6?'.

    Now that particular car was more than twice my budget but instead of telling him that i just said they didn't have it in the colour that i wanted.



  • Registered Users Posts: 17 Lolfox


    I said unfortunately we cant afford a new car. I find it embarrassing though having to say this. I think they get a kick out of being honest. I think Im going to have a word with them to stop suggesting things that out of our reach - its embarrassing though having to say this.



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  • Registered Users Posts: 17 Lolfox


    😂 They never even pay for the meal if we go out. We always have to pay our share for everything!



  • Registered Users Posts: 1,799 ✭✭✭I see sheep


    When he said you should get a BMW you should have said "Ah great thanks I'll take a red one".

    If he's being arrogant about his good fortune just tell him he's being a cnut.

    If I had a lot of money I'd give loads of it to my brothers but whatever, it's mostly the wife's money by the sound of it.

    Life is swings & roundabouts though.

    Maybe him and his wife are both having affairs.

    If you're healthy, with kids and own a house well done, you're doing better than a lot of people.



  • Registered Users Posts: 17 Lolfox


    Yes you are right. Its just hard sometime and Im having a bad day. Our lives are just so different and it gets me down. I just have to deal with it and accept what Ive got.



  • Registered Users, Registered Users 2 Posts: 3,437 ✭✭✭KaneToad


    First lesson in life is that it is unfair. Financial rewards don't necessarily come to those that work hard. Rich families have rich kids. That's life.

    That said your brother does sound like a dick to be suggesting such things to you as to buy a new electric BMW. What do you get out of the relationship? Is it just that the cousins are friends? If so, I'd have less to do with the brother & just facilitate opportunities for the kids to meet up. Toxic people are toxic people - even if they are family.



  • Posts: 0 [Deleted User]


    Practising gratitide is a great way to gain perspective, do it for 30 days and you'll find yourself more appreciative of everything from the air you breathe to your kids health and happiness.



  • Registered Users Posts: 17 Lolfox


    He may be a bit of a dick but he is my only brother and I do care for him. I want a relationship with him where he doesnt make me feel poor or a failure though. I also want to maintain a good relationship for the sake of our parents who are elderly.

    I suppose I want them to do less bragging and stop making silly suggestions. Im going to have to say to him how I dont need reminding that Im poor in camparison to them.



  • Registered Users, Registered Users 2 Posts: 818 ✭✭✭SupaCat95


    The lottery is a tax on stupidity. The poorest 10% of society contributes 80% of the National Lotterys earnings. You have a better chance of being a fortune 500 CEO than winning the jackpot. The issue isnt the money, its that it stunts your monetary creativity to earning your own money by getting that promotion, adding on a Continous Profession Development upgrade, going out in their own start up business. In the same time that you could be waiting for well off old relatives to die off, you could be living your own dream now.

    Also I have seen it myself, people go funny in the head when they are old writing wills. They often leave farms to long forgotten nephews who did well in the UK building. The nephew who spent his youth hoping to get the farm at 50 was often given £20k out of the sale of the farm and wished the best of luck.

    The people who have the most luck in life are the ones who look for and take on the most oppertunies in a strategic fashion.



  • Registered Users Posts: 225 ✭✭babyducklings1


    Sorry to say but he sounds insensitive and a tad immature. Count your blessings and call him out if you feel it’s the right thing to do. Here’s a lovely piece with some good insights on life
    https://allpoetry.com/desiderata---words-for-life



  • Registered Users Posts: 225 ✭✭babyducklings1


    The link won’t open for you so here it is again

    https://www.desiderata.com/desiderata.html



  • Registered Users, Registered Users 2 Posts: 11,392 ✭✭✭✭Furze99


    You're right, you only have the one brother and it's worth keeping that relationship as strong as it's possible. Is he older or younger than you? Are your parents still alive? If so, how do they deal with it? Have you other aunts/ uncles etc and what do they think. They'd all be aware of the disparity, so hopefully you can get support there.

    As to your brother, do as post #2 above. When the opportunity arises for a quiet word, have a one off and make it clear it's a one off conversation that your family is not as well off financially and that comments from him or his wife highlighting this are not welcome and are hurtful. If they persist in a similar vein after this, well you may reduce contact a bit - sorry I'm not available to go to your BBQ etc. But hopefully they'll see sense and be more discreet.



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  • Registered Users, Registered Users 2 Posts: 554 ✭✭✭csirl


    Sometimes people can be so used to a lifestyle that they genuinely dont know what its like to pay a mortgage.

    I've a brother who works in the tech area. Made a lot of money in his 20s (sold a company he set up). Still earns a lot and married into money. Lives in a large house. Never had a mortgage or any type of debt. He's a quiet character, and does not in any way act as if hes better than anyone. But, it normal day to day conversations with other family members its clear that he has no idea of the financial pressure that most squeezed middle type families live under. Maybe your brother is like this, just more extroverted?



  • Registered Users, Registered Users 2 Posts: 22,627 ✭✭✭✭Akrasia


    People genuinely forget what its like to struggle with money. Your brother probably thinks he is struggling in some ways if hes comparing his life to his wealthier in-laws

    You have a family a house and 2 cars and 2 decent jobs. You cant just go on extravagant holidays or buy new cars on a whim, but you have everything you actually need in life and are luckier than most people in this world.



  • Registered Users Posts: 126 ✭✭1percent


    You said he did well from luck and not hard work but to get 200k redundancy he must have been high paid and or long servixe also already had another job lined up. Neither of these suggest he has not work hard. Hve yo evr heard the saying the harder I work the luckyer I get? It may be a case of this.

    HE may be a dick but you are definitely being envious, dont worry about him run your own race.

    And speaking of running your own race, talk to a financial adviser and review your finances, I know people who would be the first to say they are struggling but are then over contributing to their pension, ie more than the tax relief allowence, have nearly 6figures in a low rate savings account but their mortgage repayments tiny compared to income. They are emotional when it comes to money and it costs them.



  • Registered Users, Registered Users 2 Posts: 9,494 ✭✭✭pgj2015


    Tell him you aren't interested in material things and you wouldn't be seen dead in an electric car. I would just act like you arent into new cars and expensive holidays, that should stop him bragging about the things he has.



  • Administrators Posts: 14,433 Admin ✭✭✭✭✭Big Bag of Chips


    @standardg60 as always, if you have a problem with a post or poster report it rather than comment on thread. You have dragged the thread off topic with arguing over a possible typo. I have checked the change log, there was no text edit made to that post. You read it wrong.

    You know the rules in PI at this stage. Mature, constructive sensible advice. If you're only coming here to argue with a poster we respectfully ask that you don't post.

    Off topic posts deleted.



  • Registered Users, Registered Users 2 Posts: 7,530 ✭✭✭SuperBowserWorld


    "They are emotional when it comes to money and it costs them."

    That is one of the wisest sentences I've read on boards.

    You have to be brutally fact based and machine like when it comes to money. Unfortunately I think a lot of people who have come from a poor background have a very hard time managing finances or sustaining and growing wealth over a lifetime. I'd put my self in this bucket. I panic about money and doing taxes etc, instead of rationally investing and switching my emotions off.

    And people who were born into wealth can throw it all away because they think there is some infinite money tree. I know several people who had an easy upbringing, got degrees, for jobs they hated and just swanned around and now find themselves a lot poorer than they should be.



  • Registered Users, Registered Users 2 Posts: 264 ✭✭Avatar in the Post


    Five! houses no less to one sibling and none to another. Should have been nicer to your relative. Where did luck come into it?



  • Registered Users, Registered Users 2 Posts: 3,437 ✭✭✭KaneToad


    Read the OP.

    The brothers wealth is inheritance his wife got.



  • Registered Users, Registered Users 2 Posts: 3,437 ✭✭✭KaneToad


    Hard work and financial stability are only loosely connected. Far more important factors are: socioeconomic status of household you were raised in and your health. Both of which are mostly out of your control.

    People like to think their financial "success" is down to them personally - working harder, being smarter. It rarely is.

    Look at the backgrounds of most of the wealthiest people in Ireland, most have had significant leg ups.



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  • Registered Users, Registered Users 2 Posts: 1,020 ✭✭✭boetstark


    It seems to me that your brother is using your situation to make himself feel good about himself and his fortunate situation.

    I have experience of this though I don't think your brother is as bad as mine.

    I'm doing pretty good in life at last through hard work and changing job. My brother and sister are older than me and as good as millionaires , ie very wealthy. This was through a very unfair inheritance.

    Same situation as you constantly what we have but a little more toxic. They made me feel inferior and bad about myself. So I just cut them loose. Never been happier.

    Best of luck in whatever you do and remember. Health is wealth.



  • Registered Users Posts: 832 ✭✭✭Glenomra


    Just be honest in your conversations with them and your own children. Say ' we cannot afford' when discussion about potential spending arises. After a few such conversations usually there's an acceptance of the reality by all concerned and life moves on. If you maintain a good relationship with your own children and enable them to do well for themselves then soon who owns what becomes irrelevant. Especially as I notice that the children of very many wealthy parents are experiencing very significant problems with overindulgence, inability to handle money or themselves. Not wishing it on them, just observing. We are part of very big families and concentrate on living our lives indifferent to what others do.just a few thoughts.





  • He either doesn't understand that money is tight and financial struggles that the majority are going through. In this case, a simple conversation should help.

    Or, he is deeply insecure and using those comments such as suggesting you buy things he knows you can't afford, to make himself feel better. In which case you should really have pity on him.



  • Registered Users, Registered Users 2 Posts: 417 ✭✭NiceFella


    Being born rich is a terrible teacher in life. It also makes it harder to relate to people. People with large disposable income, it's all about showing that you're wealthy. Totally vacuous in many instances. I think life on easy mode all the time is just not an interesting existence.

    I once chatted with a fella who had a very bad workplace accident that almost killed him. He won several million in a settlement and invested his money well. I was reading the paper by myself in a pub and he came over and put a coaster under my pint and we got chatting. He told me his story. And what he told me was actually quite sad. He couldn't get a gf who really liked him, as they only were after his money. He hadn't got many friends that he truly connected with and ones that he had before became sour.

    Too much wealth can be alienating and it's not something I'd like to be defined by. Your brothers kids getting all they want will do nothing for them in the long run.



  • Registered Users Posts: 17 Lolfox


    He is younger than me, parents are still alive but are elderly and I dont want to upset them by falling out. My parents are old and come from a different era and dont realise how much they are spending on material stuff. They wouldnt realise how much the holidays, cars, clothes etc cost so they have no idea that there is an issue and really I want to keep it that way. They do have an issue with them not visiting them much even though they live nearby but thats another issue!

    Cousins, Aunts, Uncles have no idea how they accumulated wealth as they have never been told about the property transfer or redundancy so they just believe they have done really well for themselves. My brother and sister in law can be a bit braggy at family events though, I would think they think he is an asshole but nobody says anything to me about it. Their financial luck is not for me to gossip about so I dont talk about it with anyone else.



  • Registered Users, Registered Users 2 Posts: 5,949 ✭✭✭Charles Babbage


    I think a quiet word asking the brother to stop proposing solutions that you can't afford might help.

    For some light entertainment, on youtube search for the "Richer than you" comedy sketches by Harry Enfield (probably 1990s). In this the poor sister, always the butt of snide comments, won the lotto and arrived in a new top end Merc.

    The funniest of those sketches was when the rich guy was boasting in an hotel, and it turned out that the guy he was boasting to owned the hotel!

    The point of these jokes is that the problem is not the normal person but the person trying to make them feel small.



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  • Registered Users Posts: 17 Lolfox


    You sound exactly like my brother!!!! You come across as very smug and a bit niave.

    He doesnt have a qualification and worked in a low grade job in a multi national. Years service and wanting to get rid of staff got him the good redundancy not hard work believe me. He was incredibly jammie.

    Did you even read my post. We both have average jobs in industries that pay a max and you cant really earn more. After paying the mortgage, childcare and bills we have very little left at the end of the month. We have a nice home, we eat well, kids are looked after well but we nothing left for luxeries. We dont have nice things or clothes. We have to watch every cent and make our money stretch. You may not be aware but thats how it is for alot of families nowadays. Im actually very financially savvy as I have to be. I make a small contribution every month to a pension as its all we can afford at the moment - sadly this will only give us a pathetic pension at the end as my contribution should be way larger, but its all we can afford. If I had 6 figures sitting in savings I wouldnt be struggling would I!!!! A financial adviser unfortunately would be a waste of time for us.



  • Registered Users Posts: 74 ✭✭Ella108


    I'm still in rental accommodation for past 16 years,I've seen people around me in my circle, buy houses, etc decade ago. I work hard, don't even party or go out to spend on luxuries etc. I don't even drink or smoke, eat mostly home cooked meals. Also, unexpected life circumstances happened ( I had to give some of my career to be a full time carer- which everyone knows doesn't pay, get valued or recognized) When I see posts like this,I feel like to say something so i didn't want to read and run.... like someone said above, if you got a house, you are above a lot of people in terms of financial security. It does bug me sometimes, to see people who have lesser qualifications ( or skills) get better jobs that I do, having struggled for years to get a decent jobs, I'm overqualified for the ones I have worked so far past years. I still try and remain positive as those thoughts about -I could do better - does wear me down...so I hear you.



  • Registered Users Posts: 17 Lolfox


    I know the sketches and yes my situation is kind of similar😂. He was a guy whose catchphrase was ' We're considerably richer than you' and tried to make people feel small. My brother is not that bad just YET, but hes getting there.



  • Registered Users Posts: 126 ✭✭1percent


    Fuly agreed re hard work and financial stability not being related to a degree but whatever about getting to to the upper echelons of wealth, getting to financial stability and comfort in Ireland is not out of reach of any irish person I would argue.

    I am open to discussion on what financial comfort is but I would say that by the age of 33 it is coupled up with joint income of more than 100k and net asset of 60k (deposit ready or equity in a home plus a few years of pension contributions). I would think that any 18 year old 15 years ago would be there with the right life choices and not have to sacrifice much.



  • Registered Users Posts: 17 Lolfox


    Im sorry I didnt mean to upset you. I know we are lucky to have our house but we have a nice mortgage to go with it. In order to pay our bills we are living a similar life to you and I know how hard it is. It really can get you down living like this. I hope things improve for you. Big hug to you.



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  • Registered Users Posts: 177 ✭✭whitelaurel


    sounds like you need to grow up.

    --------------------------------------------

    Warned: for breach of charter.

    Mature, constructive, civil advice please.

    Post edited by Big Bag of Chips on


  • Registered Users Posts: 17 Lolfox


    I think you know exactly how I feel! Im glad that you are now much happier.



  • Registered Users Posts: 17 Lolfox


    Maybe you need to grow up yourself giving out insults like that. Im feeling really down about the situation and your comment is not helpful.



  • Registered Users Posts: 74 ✭✭Ella108


    Oh you didn't, I just wanted to say things can be greener depending on perspective. On the brighter side,I live in rental accommodation which many people even struggle to get. It's the way of looking at things. You said he's your only sibling. I would try and strengthen relationship without getting financial stuff getting in the way as you mentioned you have kids similar ages etc.



  • Registered Users Posts: 177 ✭✭whitelaurel


    it’s not much of an insult. It’s just the truth, what age are you like? Seriously jealous of your brother cos he’s loaded is just childish.



  • Registered Users, Registered Users 2 Posts: 1,020 ✭✭✭boetstark


    Not a nice comment , empathy isnt your strong point.



  • Registered Users Posts: 17 Lolfox


    You dont seem to get it though. Im not actually jealous of him. Im glad hes doing well. The problem is Im sick of him making me feel bad by his comments. Its like he wants me to feel poor that I cant afford various things. Suggestions are made which he knows I cant afford. The car example is only one of these, it happens with smaller things aswell. Its like he gets a kick out of reminding us we are poor compared to them. Its now got to a stage where its hard to let it go over my head.



  • Registered Users Posts: 177 ✭✭whitelaurel


    I’m empathetic when I feel a situation warrants it. Being sulky about your loaded brother is not such a situation. Op has a house and two cars.



  • Registered Users, Registered Users 2 Posts: 9,211 ✭✭✭893bet


    The only thing I would say is that neither of them are truely wealthy. 200k is a nice sum but not exactly give up work money.

    5 houses is nice depending on location but don’t worry. Plenty of stress.

    No point comparing. Contentment comes from with in.



  • Registered Users Posts: 126 ✭✭1percent


    I was not attacking you just giving my perspective take it or leave it. doesn't bother me.

    Smug, ya probably, I'm doing quite well for myself wihout a degree too! But I would no say I'm nieve, I assessed the skills I have and made a plan how to make the most money from them andow to gain even more bankable skills. I know that it is up to me, no-one will bail me out if I mess up and when I do mess up I dig myself out.

    Can I ask why you think a FA will be a waste of money? Are you in a financial area yourself so can do it yourself?

    Also I wasn't saying that you were in the position I outlined, I was sharing an anecdote about how some people can think they are in bad position but are actualy very strong but could be more eficiant with the money.

    Any im off twor in te garden so I don't have to pay a landscaper or gardener.

    I probably am just like your brother, if you would like inside into how we think, let me know, I would be happy to share



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