My wife's friend and her brothers have officially gambled away the last dollar of their million dollar inheritance.
My wife's friend and her two brothers received a $1.5 million inheritance 5 years ago when their father died. They immediately proceeded to start blowing it at the casino. They didn't invest. They didn't save. They didn't pay off any of their debts. it wasn't uncommon for one of them to go to the casino and lose $5,000 a night, multiple nights in a row.
I tried to talk them into just parking the money in a broad market index fund and let it sit there for a couple of years but my advice fell on deaf ears. it just pains me deep to my core to see somebody come into life-changing money in their early thirties and completely squander the opportunity, not to mention squander what their father worked so hard for.
I just can't believe how three college educated people who all work professional jobs can be so stupid. I understand that there's obviously some addiction at play but it still pains me
Posted Sep 2, 2026, 12:42 PM UTC