2 ms·
The best advice you can get is to guard the money from yourself. It's very easy to 'invest it' in crappy ventures. Seek financial advice but spend some time lea
by WheelsAtLarge 8y ago
The best advice you can get is to guard the money from yourself. It's very easy to 'invest it' in crappy ventures. Seek financial advice but spend some time learning how to properly manage it.
Also, the moment people know about your money they will want to get to it, legally or illegally. Best to be quiet about it.
It's very very common for people that get lots of money to lose it eventually. Make sure that does not happen to you.
8mil is enough money for you and your family to have a very comfortable life. Don't get greedy and try to increase it and end up losing it. Put it in a safe investment for at least a year while you learn how to manage it. These days you can get over 2% in a certificate account. After taxes you'll keep 4 to 5 mil so you can get 80k+ for the year.
But remember, try very hard not to lose it!