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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!!!
I’d do what I’m doing now with the same percentages. x percent in stocks, y percent in dividend accounts. Whether it’s 1k or 1.5 million same plan just different quantities
What do you mean by dividend account?
If pretax, then by the time I pay off my student loans and mortgage, I won’t have a ton left and will invest it. If posttax, in addition to paying off my student loans and mortgage and investing, I’d take a year sabbatical and travel.
Option trading obviously
Give 100k to my five favorite people, buy property anywhere but California, get an Airbnb for one month in Hawaii, invest the rest
Conversation Starter
I’d trade and invest to make another $1.5m in 2 years, and then let the initial capital invested in the capital. With the other $1.5-taxes, let’s say $1m after taxes, I’d continue to actively trade until I have enough to quit my full-time job
$300k = Pay off all debt. -> Buy 24 investment properties (50k downpayment each) -> Have income for the rest of my life
It would go straight into my retirement fund, and I would forget I had it.
If it were 10 mil, I'd pay my debts and retire early. Make my own law firm and work part time. Would only hire attorneys/associates straight out of law school, and focus on training them up. Sort of like med student residency, but for patent attorneys. No billable hour minimum - completely percentage-based pay.
Quit my day job and start making Angel investments.
Multi family apartment
At 27, keep working, invest all of it and maintain current lifestyle
Pro
How many of you here have children? Very few mentioned: invest in my children’s future.
Invest half, take one year off of work, downpayment on a decent house (not a mega mansion, but bigger than my current 800 square feet), go back to work part time after my year completely off. This assumes the 1.5m is after taxes.
I'd blow it all to have Van Halen play my next birthday party...oh wait!
Nothing I'm not already doing. I'd invest the majority of it and pick up a few more MFH rentals.
Will take the next flight back to home
Save just thought it wasn’t in my account then plan on what is the best investment
$1.5m after taxes? Pay off student loans, put more into investment account, rest into savings.
Invest 75% and spend 25%
Depends on who gave it to me and why. If it was for value I brought to market, I'd invest in generating cash flow (probably an apartment complex). If someone gave it to me I'd invest it into something that makes cash flow (like an apartment complex).
Of course, I'd keep about $100k to fund my next business.
Upgrade the curb appeal to my house. Grass looks like a golf course but my flowerbeds aren't much to be proud of.