A car accident a couple years ago resulted in shoulder surgery. I found out this week my settlement amount would be $80K+ (take home). I’m mid 20s + debt free already with a 50% savings rate. Having an internal struggle because part of me wants to enjoy some of it because of the pain that this chapter of my life caused me but then I realize how far ahead this can get me on me FIRE journey. Thoughts?
Disclaimer:Getting into a car accident is not *lucky* and my body will never be the same.

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Put $79k away and have fun with the other $1000

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I would put $70k in VTI. Leave $10k in my bank account. Schedule weekly massage. But that’s me. 🤗

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How much are you wanting to spend? Are there some things in life you’ve been thinking about upgrading? You could still put 75% away and have $20k to use how you see fit. Money is not an end itself, enjoy it.

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Spend some of it. Save some of it.

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Is part of the settlement coverage of PT, etc? I think it makes sense to save a big chunk of the reserves for ongoing issues, but also it’s right for you to celebrate the closure of the open case associated with the accident.

This isn’t life changing money, but it can be mindset changing money.

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I’ve been in recovery for a year now so yes & no. Obviously if something ever changes with my shoulder it’s intended to cover those costs but a large chunk is for pain & suffering

Sorry for your injury and yes your body will never be same. I would think of this money no different than any other - save a big chunk but also spend/splurge a litte - on a nice vacation or massage subscription for a few months. Remember you may have ongoing expenses related to this - so saving big chunk now will help offset those expenses and reduced savings later

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Invest all of it into an index fund, take out the gains in 1-2 months, and enjoy them.
S&p has been gaining 1-3% per month lately

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