Related Posts
SCARED MONEY DONT MAKE MONEY. BUY NOK 🚀🚀🚀🚀🚀
What’s the bonus at YE for SCs in PAS?
Additional Posts in Consulting
"Girl, I can make you pivot."
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.



You need to work. You should aim to pass down $2-3M+ to each of your kids (the same amount you inherited). It pisses me off when people think their inheritance is theirs to spend (you didn’t earn it) and it should be a safety net to continue passing down and provide your children with a comfortable and stable childhood and you should live at the means that your job affords
I personally think it’s greedy and undeserved to spend significantly more than you make. Am I wrong?
Id work and do something that I enjoy. Also would not play the office politic game.
You can realistically only expect ~100k per year from that in returns so I’d probably just spend an extra $50k per year and leave the rest to grow for retirement. Not having to save anything for retirement would be the primary benefit
Chief
Using my lifestyle as an example that would sustain me for 20-30 years. So I will invest all of it. And then save another 2 million or so and then retire at 40 (or whenever net worth reaches 5)
Move to a nicer neighborhood, fund 529 accounts for private K-12 for each of my kids, max out 401k contributions, set up charitable trust, and start a brewery
I’ve heard this a bunch of times it shouldn’t drive you crazy. Pretty sure my mom inherited about $5m. Which today probably equates to closer to $6/7m. She and my dad worked middle class jobs (and she worked part time 2 days a week when kids), and we lived a slightly upper middle class lifestyle and invested wisely. So I am biasing my answer on that (above). But I think that’s the proper approach.