Father was a successful man who lived like a king. He left the inheritance to the only son which can make a middle-class man financially free twice over.
Son earns a good income. But his income cannot cope with the expensive lifestyle his father left him. He has to pay the salaries of a cook, a driver, maids, and other staff.
His mother, who was the wife of a rich man, is used to the comforts her husband provided and doesn’t want to let the staff go.
Son is also used to an expensive lifestyle. His financial goals are those of a rich man. Even with the inheritance, the savings required to achieve all his financial goals is more than twice his income. The family’s average monthly expenses are more than the average monthly income. These expenses would start eating into the inheritance father left.
The situation is not hopeless. But the family will have to cut down their lifestyle expenses drastically and rationalize their financial goals. This will take away some comforts they always enjoyed. It could be stressful for the family and may create strain in the relationship with family members who believe they can continue to live like before.
Son is fairly successful in his own profession, but he would feel like a failure because the financial barometer of the family is set too high.
An expensive lifestyle puts pressure on kids, who may not cope with it.
AN IDEALIST PROFESSIONAL 