Windfalls

Discussion in 'Financial Planning' started by remnant, Jun 21, 2016.

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  1. remnant

    remnant Expert Member
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    Sometimes a person here and there is in the news having won a jackpot and fabulous amounts of cash are awarded to them. Some people take a long sober look and invest the money in passive or active income activities like rental houses in the case of the former. Others stop working and enjoy the money little by little till they exhaust the cash. Still others die due to recklessness and drunkenness. What would be your personality if you get such a windfall?
     
  2. CivilDefense

    CivilDefense Expert Member
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    I've had a few over the years. My advice? Well, it is super boring, but very effective: save some and invest the rest in a vehicle that will grow your wealth. Rinse and repeat. Another option, if you have any, is to wipe out debt.
     
  3. lonewolf

    lonewolf Legendary Survivalist Staff Member
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    buy an old house well away from other people and any habitation.
    prep it to the hilt, private water and private drainage.
     
    John Snort likes this.

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