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Come on SOS. Lets hit $10
The cutest trio 😊
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I purchased 12 single family homes in Wisconsin and hired a property manager when my grandfather left me $850k. Generally they’re ~$200k so I put $650ish to the purchase (25% down + closing costs) and spent $5-20k in repairs/paint per house.
Rent on average is ~$1800. I pay the property manager 10% ($180) and the mortgage is ~$1300. I only make $4k per month on the whole lot, but I do zero work and don’t have to pay taxes on it. 30 years from now when they’re paid off, I’m just going to do a cash-out refinance and take the cash for my retirement…I’m hoping that keeps me in the clear on taxable income when I’m older.
Pro
I am paying taxes 😂 😂 😂 rental properties amortize the improvements I did over a 5-10 year period and you take depreciation of the home value + interest/insurance/property tax/property management cost. Investment properties are incredibly tax advantaged and the new laws are making them even more so.
After any big life event that involves emotions, best thing is to not make any big decisions for 6 mos - 1 year. Read some books about personal finance, get a one time fee only financial advisor, and think about your spend and goals in life. Designing your life is a good book
Rising Star
Your role is to protect and grow that fund for future generations. You're just a steward. So when you step away from your current role, what do you have in mind to contribute to the legacy?
@Author - I knew a partner at Deloitte opened a bar/restaurant. He said it was far more work than being a partner at a Big 4, so he quit the restaurant business and went back to consulting. So it's something to consider if you're looking to reduce your workload.
Assuming this is serious, I’d look at taking a sabbatical or leave before doing anything in haste. A lot of it also depends on how you feel about your day to day. If you hate it, sayonara.
Move to an island, learn water sports, teach water sports, buy a simple car, simple elegant house, make new friends, delete consulting friends, delete this app and enjoy your life
Rising Star
I’d quit and buy a business, hire an experienced GM.
Someone has given you the price of freedom and you're considering staying in bondage? Smdh
Go get an MBA enjoy your life for two years and get a chill job in the some leadership program or something like that
Reccdm MIT EMBA, stay on cmpus and participate in startups, you will love the life & triple the trust fund!
Quit & travel the world as student, you will discover what you were meant to do to improve this world
5M is a nightmare Greg
I am sending Roy to manage OP’s assets
After tax or prior to tax
You can do it yourself with Boldin financial software. I use it to plan my retirement.
Yes, Your Trust Fund is in, Go Ahead and start doing your dreams list. DONT STAY DOING THINGS YOU FONT LIKE ANY MORE. YOU HAVE THE MONEY TO CHANGE YOU AND IF YOU HAVE A LITTLE FAMILY, THEN YOU AND YOUR FAMILY, SHOULD GO A BE HAPPY AND START ENJOYING YA LIFE. THE TRUST , IS TO TRUST , THAT YOU WILL PUT IT TO GOOD USE., WHEN ITS TIME TO OWN IT AND IF YOU NEED ANY BIZ IDEAS, I GOT YOU ONE,..IM AN INNOVATIVE ENGINEER, IM BUBBLING OVER WITH IDEAS, FOR STARTING, THAT TAKE A FEW DOLLARS TO CREATE, OK. WELL LMK. AND HAVE A BLESS DAY, AND GO HAVE AN EXPENSIVE BREAKFAST, YOU GOT THE CASH, NOW TREAT YOURSELF A LITTLE. YOU DESERVE IT, . HAVE A GOOD DAY. GLASSDOOR FRIEND AND HOLLA IF YOU NEED ME, I LOVE BUSINESS
What I would do? Probably work for another 3-4 years and let it grow to roughly $5M. You could then withdraw 4% a year for $200k the rest of your life and be more than free to do whatever you want while still living very well.
4% is the minimum. If it grows faster you could spend more.
Of course, you could do that not, it would just be a little bit lower lifestyle and a little bit more risk.
4% rule works for 30 yrs.”Associate” sounds like a young person’s title
If it were me, I would buy certificates of deposits totaling $333,400 each month for 12 months. Then as they come due. Collect the interest to live on and allow them to circulate again and again. That should give you the financial freedom to do anything you want, but not so much as that you can do nothing. 
Yes. That should, if my math is correct, generate, around 10k a month without jeopardizing the principal
And you have to ask why?. Lol. I would open something meaningful. I've always wanted to open a family homeless shelter to give families affected by the Lefts stupidity, a fighting chance to get a fresh start. Unless you're happy at your job, I'd research what I could do to make a difference. But be sure to invest it right so you could live off the interest.
First of all congratulations! You have some options but if it were me I would guard and protect most of the fund for your future. 4 million doesn’t go as far as it used to.
What on earth are you spending cash on if $4m isn't enough?
Flipping heck I earn about $14k after tax each month and we spend about $4k the rest just gets saved, so if someone gave me $4m I'd invest it for a modest return of 6% (more if I can get it without huge risk).
That's $240k. $120k (3%) covers the inflation easily, then $50k like an income, the other $70k just increases the pot
We have a great life (I've not included the income from the rental properties that gets reinvested in this) I can't see how $4m would "not go very far"
I've already decided, I'm quitting for a bit for reduction in stress and then I'd work bullshit jobs to pay off some debt and then move to a better location for me, my wife, bad children and live modestly not over the top and work bs jobs until I just decide I don't want it and go to another job or not work at all. Thats what I'd do.
Whatever is good for yourental health
If you suddenly have money, your biggest risk isn’t losing money, it’s losing your mind. I learned this over the years. Unstructured time slowly led to bad habits and mental drift. I had to build a routine on purpose, using exercise and structured activities to keep myself grounded. The same thing happened during COVID, and the only fix was aggressive discipline. I see people retire from work and struggle with it every day. Money removes structure, so if you don’t replace it, your lifestyle will degrade quickly. Look back at yourself during COVID, if you were out of college. Did you improve as a person or gain lots of weight and doom scroll for dopamine? If you went a dopamine route try to stay at work.
Bounce on investing in anything attached to the federal reserve note including any of is digital variations. It’s a private central bank’s fiat debt instrument that has lost between 96-97% of its purchasing power since its inception in 1913. I’d think in terms of real asset based mediums of exchange that are honest weights and measures oriented. physical gold/silver bullion in Troy ounce weight, not US mint numismatic coins. Maybe look at productive farmland, rare metals and rare earth minerals and the refining companies that make them useable in virtually every bit of tech used worldwide. Anything that has to do with food production and distribution is going to be fail safe. The best investment of all are people. Good luck homie.
If it were me, I'd bet everything on the Chiefs. 2026-2027 Super Bowl Champions. But that's me. I'm an aggressive gambler. Mr. Vegas. Come on. Go for it. Go for it.