What financial advice would you give to a young boy, probably, at the age of 18 who just received a whole lots of money from the inheritance of his late father who was a trader and multimillionaire in the textile industry?
The boy is the only child of the widower and does not seem to be interested in the same line of business and even when he does, he requires more maturity to be able to manage the business such as graduating from the college, etc.
Find something they enjoy doing and live your life, because few people get that sort of freedom to choose at an early age. Invested properly, that sort of money could easily bring in an amount higher than the average income of most people - which gives you the ability to live a comfortable life and truly commit without financial pressures. Most people are stuck doing a job they don't necessarily like because they have bills to pay, which could be credit card debt, mortgages, child support or a bunch of other things. If this person wanted to dedicate their lives to looking after nature or animals, they'd be free to do that and should think very carefully before spending frivolously.