+57 @WalkingOnSunshine83 A million can change your life in lots of ways. It can help you pay off the mortgage, or it can be a down payment. It can be invested and give you extra income. It can be the difference between retiring now or in a few years. It can mean no student loans. It can mean that you get that surgery that you needed but couldn’t afford. It can mean building your business. So many ways one million can change a life.

+37 @StiggsRX That’s not “quit your job” money.

+19 @KKingler I'd just buy a house (for you that could be pay off your mortgage), maybe a car, and invest the rest. Maybe a nice vacation. Nothing too fancy, having that huge weight of a bill lifted and you could reasonably have 100-200k in the bank would be a massive blessing.

+12 @Rude-Manufacturer-86 Yes, but you'd have to live under your means and invest incredibly wisely. The one thing I keep thinking about with let's say, $1,100,000 is, it gets taxed. Let's say it's $550,000 after tax. I'd give myself $50,000 for debts and "salary" for the year. I'd keep my job so nothing gets too suspicious. I'd invest in very high risk QDTE at $150,000 that yields 35% dividend and pays weekly because it's within my risk tolerance. That leaves me $350,000 for other, slightly more safe but still high risk investments. I don't like the 4% rule because it eats away at the principle. So I'd rather choose dividend stocks like GPIX, GPIQ, JEPQ, QQQI, and SPYI. All are still high risk but the goal would be to make 7% ROI per year. Sometimes the dividend reaches as high as 12% for QQQI and SPYI. If everything works out, it's 77k pretax. The key here is, any dividend money I make for the next 12 months, I don't spend. I bank it away to a HYSA. Put some away as an emergency savings. When the 12 months are up, then, that's my salary for that year. Any extra can be reinvested. Is this wise? No. But is it a path to a semi-retirement or just working part time with a lot more free time? Yes. It doesn't mean lavish expenses, but you can live well. Personally, having all that extra time by working part time and having a giant safety blanket to land on, is absolutely life changing. But the key here is discipline and knowing what and how to invest. Some may take far more conservative approaches in SCHD, BND, and other dividend investments that earn 2.5% to 3.5%. 3% of 500k is 15k extra. That absolutely helps, but for some, may not move the needle enough. Others may be good with VOO, QQQ, QQQm, VUG, etc. But I hate eating away at the principle.