I just wanted to chime in to say that this is just terrible, terrible advice. It's clear you're not speaking from experience. One has to be incredibly careful

I just wanted to chime in to say that this is just terrible, terrible advice. It's clear you're not speaking from experience. One has to be incredibly careful with a windfall like this. $8m is not a whole lot - certainly nothing like what you're fantasizing. Behaviors like you're suggesting can be incredibly damaging and snowball fast. This is why most people who obtain sudden windfalls (an extraordinarily high percentage) go broke within years.