Replies to This Discussion

Permalink Reply by Jack B2 on July 10, 2008 at 15:46

My life would not change at all. I would have the financial power to elevate my children, grandchildren, and their children and provide them the opprotunities that we or those before me never had, if they had the desire or ambition to do so. It is a rare chance to leave a legacy that otherwise would not be possible, it will be up to them to make the right choices and some will make mistakes, but at least they will have the chance.

Permalink Reply by Snake Stewart on July 10, 2008 at 16:21

Amen to that !

Permalink Reply by Ladyoaks on July 10, 2008 at 23:36

I agree with most of what is being said. However, having lived in a major metropolitan area very near Shreveport and seeing close-up the effects of "generational" wealth, it is VERY important for people to really do the thinking that many of you suggest you are doing.

What legacy DO you want to leave? B/c if you just leave it in a trust for your grandchildren or great grandchildren, don't think they won't be negatively, and very much so, impacted. I would encourage many to consider trusts that are tightly bound to the values/principles that you would want to see your children/grandchildren embrace...be it religious, educational, charitable, etc. However, if you leave it wide-open, it can often times do MUCH more damage than good. I've seen it first-hand.

Permalink Reply by Snake Stewart on July 11, 2008 at 1:46

On a lighter note , If any of you ,of the older persuasion, have doubts as to whether or not your children or grandchildren will be able to handle the rigors of being filthy rich, please feel free to e-mail me as I am looking for additional godparents for myself and others that may live in my house ! Thank you for your consideration in advance.

Permalink Reply by Snake Stewart on July 11, 2008 at 15:28

Hello Paul/Ms. Ann , I need to do a little clarifying. I am not looking for placement , I am only looking for "godparents" due to the fact that my natural born parents are going to do o.k. themselves on this Shale thing.If I were looking................would you be my mommy or daddy ? Jezz this is getting weirder by the minute.I may insist on supervised visitation for a month or two.

Permalink Reply by Ann on July 12, 2008 at 2:30

I don't know why you think you need supervised visitation, we're mostly harmless and we're only looking for a son to help with outdoor chores, ie., yardwork, housepainting, washing cars, power-washing, cleaning gutters, etc. There would be allowance money involved but we do not believe in spoiling a child.

Permalink Reply by Snake Stewart on July 12, 2008 at 4:56

Spare the rod , hate the child. You sure do look like you would be mighty loving. Just don't let me get anywhere near that tree of yours. A fella' has got to draw the line somewhere !

Permalink Reply by Lisa on September 26, 2008 at 13:26

yall are cracking me up HEHE

Permalink Reply by Cin..S on July 11, 2008 at 5:16

What would I do with the $ ???? I think this question is a good one as this is also a part of the new lives many of us will be living. My huband and I have discussed this in length already. We don’t want to fall into the trap of spending all of what we receive like some of those who have won the lottery. Managing well and being responsible wisely for the blessing we will receive is a great concern of ours. After all “to much is given, much is expected” or however that scripture/saying goes. Since I left Louisiana a few years ago, I now live in an area (NC) that will not receive the blessings these bonuses and royalties will bring as in the La area. I think that after you spend enough that makes you comfortable, whatever your desires may be, the rest is fluff. We will be sharing with family and children. Charities are high on our list, with some being more preferable due to family illnesses etc, as is the Red Cross. There are so many charities out there. The local boys home will be getting a yearly sum as this is close to my husband’s heart since he was adopted. His father’s grave also needs a headstone (as someone else also stated). I agree with what many of you said and we will be giving our money anonymously to those we feel are truly in need. We have decided to set aside an amount yearly and will be looking for those who have fallen on hard times due to illness, accident or unfortunate circumstances beyond their control. We will not be giving to the some charities with the administrative fee being too high. We also have decided to not give our money all to one church unless there is one that is in need as in a fire, etc. We will be looking for those single chances of someone who would not receive any assistance otherwise. I’m sure there are plenty of them out there. I personally would like to touch lives and leave something behind when I am gone. A fund or scholarship is not out of the question. My options are open.

Permalink Reply by RC on July 11, 2008 at 7:24

Pray that we will be good stewards
I actually like having this topic discussed. This has been on my mind ever since the word hit the streets about Haynesville. I was awakened in the middle of the night on Feb 14 thinking about our Louisiana land and its gas potential. I began calling oil companies in the area the next day. 6 weeks later one called back and said my hunch was right. 4 generations of my family have looked forward to the day oil or gas news would impact our lives. Why are we the lucky ones? I have asked the Lord to guide us and I am no Holy Roller just overwhelmed. Our country is facing a world of hurt politically, economically, etc. and we might just be the ones to give back. I thank y'all for your feedback. We will have plenty of cash to spare and it makes good financial sense to give some away. Keep thinking, you are on the right track.

Permalink Reply by Ann on July 11, 2008 at 7:48

Very well composed - personally, I think the state this entire world is in right now and how heavily the future of everyone and everything we hold dear weighs on all our hearts, maybe somehow the repercussions will be far-reaching. I guess it'll be interesting to see.

The older I get the more ironic it seems that time and experience changes many of us from wanting more "things" to wanting to do more things for others - everyone I know over 60 is talking about "downsizing", moving to smaller homes, selling or giving away belongings we used to think we couldn't live without - now we don't want to spend our time and energy managing "stuff".

Permalink Reply by Shirley L. Lambert on July 11, 2008 at 14:53

Aren't we God's chosen people to even be discussing what we'll do with our riches. We are already so comfortable and spoiled that we don't need anything - want a lot - but not need. I'd like to be able to help people that are less fortunate than I am. I don't want a million dollars - just a few thousand more than I am already blessed with. The HS thing has certainly given us a lot to talk about - good conversation piece, if we
never realize a penny out of it. Let's just pray that we all use the money to God's glory - not ours.

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