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If it were me, I would... Set aside a large chunk of it in some investment/retirement vehicle to provide funds during retirement or should something dramatic h
by nemacol 8y ago
If it were me, I would...
Set aside a large chunk of it in some investment/retirement vehicle to provide funds during retirement or should something dramatic happen in your life that you need the money. A personal safety net / retirement fund. If you or your wife's parents are still around you might consider if they will need help in retirement (I know mine will).
Create two funds for the kids for use if they choose to go to college or whatever. Nothing dramatic, just enough to offer aid and support during that part of life transition.
Set aside a fund and find a local cause to support. Something you and your wife might do together. Don't toss all the money at once. Do a monthly or yearly donation and become involved in making the lives of others better. Not just as a financial supporter but as a real life presence that does real work to make a difference.
Take up woodworking or welding or sculpting or painting or something else that involves making with your hands (or whatever you are physically able to do)
Find a new job and be super picky about what you are doing. Try to find something you will be proud to work on.
Not a complete list by any means. But with a little list like this you will be making a choice to better the lives of your family, community, and yourself. You have the potential to be a positive force of good in the world. You will feel good knowing that you utilized your situation to give back to the community you live in.