If I were Filthy Rich
By dudunoodle+155 If you just won $5m after tax, what will you plan out your life?
No mega winning, just $5m which is too poor to be rich figure. Mathematically you can only withdraw $200k a year (4% rule). What will you do with the winning money?
Will you quit your job?
Will you buy an expensive a million $ home?
Slow travel the world ?
It seems everyone is envisioning a drastic life change with mega $100m kinda of figure but curious to see what folks would do with a smaller winning.
ADDING MY OWN: 1. Quiet quit my job and waiting to be laid off; I like what I do and I like the people. 2. Take $500k out to learn how to trade options, sell calls. 3. Build a greenhouse and learn how to garden and be self sustainable 4. Invest in VOO, QQQ and then allocate maybe $250k buying JEPQ , QQQI for income 5. Play entire collections of Final Fantasy, Halo, And a few other classic franchises. 6. Vape with my cat.
Recent responses
+98 @chickenfightyourmom Stop workinggggggggggggg!! I would keep living my life and stay in my house. I'd just stop going to work.
+46 @drivera1210 There would be signs. But keep it as low key as possible.
+32 @BabiesatemydingoNSW I'd invest it and live off the 7% annual return. $350k may not be Rockefeller money but I could live *very* comfortably on it and travel.
+29 @Ngata_da_Vida All debt paid, college accounts beefed up for the kids, proceed as normal. But retirement would be sooner (I’m 50)
+24 @Nugget_Brain "Five's a nightmare...... Can't retire.....not worth it to work. Five will drive you un poco loco, my fine feathered friend. Poorest rich person in America The world's tallest dwarf......the weakest strong man at the circus." -Succession
+14 @Beautiful-Cat245 I’m retired. I don’t have debt but I would probably get a new car since I have an older car. The rest I would divide into savings, cds, investments, and donations. Probably do some traveling as well. Simply getting the extra money would take away some of the stress given the cost of healthcare and nursing homes if I need it.