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Business as usual, but decrease my expected retirement age down to 45 from 55.
This.. but for me 55 to 50..
Leave the ad business. 2nd property as rental, travel. Do lots of yoga and maybe keep up a little business for money. I’m 58yo - come to think of it maybe I’ll just do this anyway.
Enthusiast
Do it!!!
Buy property. A house somewhere on the Mediterranean, maybe one in the US near a beach…or both, if neither of them is too extravagant.
Quit, invest it in ETFs, and take the kids on a year or two trip traveling abroad.
I would drink a large glass of wine, sleep with the check under my pillow, head to the bank the next morning and stick it in savings.
1. I would buy a house/condo. Nothing too fancy but with 1 additional bedroom than what I live in today
2. Pay off my student loans
3. Put some in the market
4. Put some in crypto
5. Buy nonstop flights for my trips this year
6. Look into buying a real estate investment property or into friends’ startup
Retire to the Caribbean.
Quit. Move to a regional firm in England doing maritime law. Buy a farm in northern Italy or Provence. Chill
Rising Star
Italy. That’s what I did. Much better lifestyle and cheaper: unless you make money and pay taxes. Best decision I’ve even made but it’s isn’t all perfect. Everything you buy is going to require some work. Italian and French work ethics aren’t Anglo-Saxon. It took me 6 months to order and install a door. 2 years to replace doors and windows. 1 year for landscaping. 1.5 years to install a glass fence around the living quarters of the property. Italians aren’t on a hurry and swamped in bureaucracy. Also, money doesn’t motivate them at all! In fact, offends them. Good Luck!
Pay off the house, buy a bigger car, put in a pool, and invest the rest.
Enthusiast
Go on a hell of a vacation for two weeks and start planning our new business
Invest the entire principal into an income based fund. Payout 60% of the earnings each year while the rest increases the principal. The extra income would definitely make for a much better family life living over the years and the gains over time will cut down retirement by 10 years or more.
Buy more investment properties
Buy myself a decent size townhouse (~$350k), buy two solid rental properties ($500k), invest in a startup or a pre IPO company ($250-$300k), refill the savings pot and invest the rest in decent equity funds. Probably would also figure out a way to payoff my parents house (would need to figure out my allocation again)
Put everything on dogecoin
I would put the vast majority into retirement investments and retire early. This would shave quite a few years off my overall plan.
Payoff bills and probably invest the rest. Retire as soon as my youngest finishes high school.
1. Engagement ring
2. 20% Down payment on house
3. Invest the rest
I’ll go on a long vacation.
Invest in multi family real estate and build from there
1. Pay off my mortgage
2. Set aside 50k for trading
3. Buy a merc/audi
4. Go on a nice vacation
5. Save/long term invest the rest
Take a week off, then take a couple week vacation to ponder my next move.
Probably 1/3rd toward mortgage and the rest invested for retirement/daughter’s education