sit down with a copy of Rich Dad Poor dad. Do you live near a college? Is this a good college? If so, look into buying a few houses around there and rent them t

sit down with a copy of Rich Dad Poor dad. Do you live near a college? Is this a good college? If so, look into buying a few houses around there and rent them to students, and if you can, buy adjacent houses when they become available. Say you buy 2 houses for $350k(random example for bloomington, In, can be much less. I'd buy these in cash, which goes against everything you will ever read about total leverage and all of that, but then you can buy two more houses and put 20% down other two as collateral if they require it(they shouldn't), so you have 4 houses at the cost of 2.4 houses, which means you will be collecting a lot of rent. Since you have 4 houses you are depreciating as they are investments, that income will probably come in right around being tax-free as long as it is something around $1.2m in property so like $45k/ish a year income, if not more. Then you buy up a few houses with this income, maybe you can get 3 houses in a row, then maybe you can build a row of townhouses you can rent(cheaper to maintain) So that's just an idea, arguably better than letting it sit in an account, and you are buying something that has a relatively high demand, student housing. Other housing also works, but students are better to deal with. So you're making a bunch of money off of 1.2m of your 5m and if you ever have to sell or get money out of those houses you could borrow against them or you could sell them outright. Also check out tax free muni bonds. not proofread