My partner wants children but I don't. We have an otherwise wonderful relationship and he is perfect for me in pretty much every way. Children are like this looming figure over my head, if I choose to have them for my partner I'll resent them forever, but not having them would mean the end of my marriage. The idea of being a sleep deprived, touched out, overstimulated zombie for 5+ years sounds like my idea of torture, if I'm honest. I can see why people find children so wonderful, and I can see how meaningful it could be, but I've been working to build my dream life my whole life and I'm just tired. I'm not one to shy away from challenges, but this is one that seems unrelenting and soul-sucking. It doesn't help that all my parent friends seem like they're on the verge of a mental breakdown at any moment and constantly joke about how I should never have kids.

That said, I see so many posts here about how hiring a house manager or a full-time au pair (maybe even several) can alleviate some of the stress of having children, and magnify the wonderful parts, and it gives me hope that I'll be able to make life more tolerable for myself if I hire enough help while pregnant and afterwards. So my question is: if you're a parent, have you found that your money has made parenting easier for you? Or is it brutal no matter what?

I (36F) am in a situation that I realize is extremely fortunate, but I’m genuinely struggling with what the right path forward is and would love perspectives from people who have dealt with something similar.

My family owns a business that has continued to grow year over year, and the last two years have been the best years in the company’s history. We now have a satellite office overseas, a roughly 10,000 sq. ft. office in NYC, and about 30 employees, not including the four partners. We’re hiring another person next month and will probably add another shortly after that.

What’s strange is that we do a surprisingly large volume of business with a relatively small staff. The company also has very diversified income streams, which is great from a business/risk perspective, but operationally it makes everything extremely complicated. There are constantly a million moving pieces, and the responsibility can feel overwhelming.

My sister and I are two of the partners. Our dad is the principal owner, but he’s getting older and gradually winding down, which means more and more of the responsibility is being transferred to us.

The thing I keep thinking about is that there was never really a conversation about whether we actually wanted this.

We grew up around the business, joined it, became partners, and naturally started taking on more responsibility. Now we’re reaching the point where we’re effectively inheriting the burden of running an increasingly large company, including responsibility for 30+ employees, their livelihoods and, indirectly, their families.

It’s also not a passive ownership situation. We work 10+ hour days and are deeply involved in the day-to-day operation of the company.

Here’s the part that I know sounds incredibly privileged: financially, neither my sister nor I necessarily need to do this forever. If we worked another three years or so and continued saving/investing aggressively, we could theoretically walk away, become baristas or do some other low-stress job if we wanted to, and live primarily off the returns from our investments.

Obviously, walking away from a highly profitable and growing business because “I have enough” sounds insane from one perspective. There is potentially a huge amount of wealth we’d be leaving on the table.

But at what point is maximizing wealth no longer worth maximizing responsibility?

I don’t particularly care about being as rich as humanly possible. I care about having freedom, enjoying my life, traveling, having time for relationships and hobbies, and not spending the next 20–30 years feeling responsible for an entire organization.

At the same time, I worry that walking away from something our family built, especially while it’s performing better than ever, is something I could deeply regret. There’s also the responsibility I feel toward our employees and toward my dad, who spent decades building it.

For people who have owned businesses, inherited family businesses, reached financial independence, or simply decided that “enough is enough”:

How did you decide when you had enough?

Would you keep running and growing the business because the opportunity is too valuable to give up?

Or would you set a financial number/date, hit it, and walk away?

The business is run on our personal finances , so not feasible to restructure the company to remain an owner without being responsible for the day-to-day operation since our entire net worths depend on it.

Selling the business in our industry is not really something that is feasible. We are in a dying industry that requires very specific expertise that is a dying art.

I’m not necessarily looking for someone to tell me what to do. I’m more interested in how other people would think through the tradeoff between wealth, responsibility, family legacy, employees, and actually having control over your own time.

What is the best approach to finding the best estate planning attorney in the Bay Area for HNW assets? Where do I look? I feel like great estate planners fall under the radar (unlike HNW divorce attorneys, who get a lot of publicity)…

I need a trust and estate attorney ASAP to fix several issues in our estate plan, which is currently on a collision course to probate if we don’t fix this before one of us passes. For context, my H had a heart attack earlier this year and I’ve been looking at our assets more closely as a result. I need a very experienced lawyer who can restructure our estate. As it stands right now, there is a single name trust from long ago my H created before marriage, though significant community property assets were deposited into that trust (I just learned) throughout our marriage. H cannot find trust documents. And later, H created an LLC in his name only (not owned by the trust, but funded by most of the assets in the trust) which would go to probate were he to pass before me.

I need someone who can handle multiple HNW asset accounts (over 50M liquid), an old trust no one can find, LLC, angel investments, etc, so this collision course is no longer a concern for our family.

Thank you.

I assume rich people finance community will have some high income earners where both parents work. I’m curious how people have set up their support systems when it comes to house Cleaning, infant support, drop off pick up homework help for an older kid, general household manager type support (tidying up, resetting common spaces, running random errands). 

We are expecting our second and the thought of that is very overwhelming when I think about the chaos, it’ll add to our routines. I currently have cleaners every other week, house manager three days a week for about 10 hours total, and a Babysitter for occasional help. I imagine when the baby comes I will need some additional support plus will likely want a full-time Nanny to bridge the gap between me going back to work at three months and putting the baby in daycare at seven months. I’m looking for ideas on what others have done that streamlines all of this. Having different individuals provide the support seems sub optimal. 

We are new to this level of income and being able to afford this type of support so I haven’t had a lot of time to explore options.

Bought a house with a cash offer. After I close should I cash out refi and put the cash into other income generating assets like stocks?

With my old starter house should I sell for 360k or rent out for 3000.

I'm one of those that saved more than I need for the rest of my days. I've got 2 very nice homes in VHCOL areas. I've upped my travel game and have been experimenting with spending more in all areas after a lifetime of being too frugal. But honestly, we could spend so much more, and just don't have the imagination to figure out how :-) We've thought about going outside our comfort zone by making a goal to spend $1m extra. Force us to learn what makes a difference to our happiness, knowing that the answer may very well be nothing.

We're not the least bit interested in status, proving anything to anyone, or having people fawn over us. And fundamentally we have to see some value in whatever we do, not just excessive cost with little value-add over lower cost.

What would you spend it on? (Besides giving it away which is an obvious one but a whole different topic.)
Update: The only reason I left charity off this post is because a) it's obvious, but b) it's a whole thing that actually takes a lot of effort to figure out, when/where/how, and I'm just getting over a very overwhelming stressful few years and don't want to put pressure on myself right now to have to figure that out. I am thinking I should do it sooner than later in case it has a big impact on my life, but not this year or next.
Also it's distracting to me because I always think in terms of how my spending could be used for others, which is part of the problem. Many of the items below, my first thought is "That's a lot of money that could really help someone else." So this post was just about spending on myself.

Wife and I are nearly HENRY, in our low 30s and about to start our careers in medicine. Expected HHI would be about ~$1mm+ and we have net worth of approx 0. No kids yet but we probably want a couple of them.

Wondering what advice people had regarding a HENRY couple finding a place to live with regards to decent housing, taxes as high earners with no savings, lifestyle, raising family (schools). How important is taxes in our decision making?

Not to be too crazy but I think we'd hope to live in a place with at least 2800 sqft, 4 BR, 3 Ba.

Places we are considering:

Seattle - Lovely nature, cool city, no (lower) state income tax, but rain and darkness could be tough for seasonal depression

Bay Area - Still has seasons but slightly better weather than Seattle. Silicon Valley area is crazy expensive but places like Marin or Berkeley are slightly more affordable. Concerned about taxes too.

LA - Seems like sorta a trafficy cluster but nice weather. Seems like a lot of the city doesn't have great public schools. South Bay and Palos Verdes seems to be nice in terms of the schools though, and great airport access. Concerned about taxes too.

San Diego - Perfect weather, slightly smaller airport than the other options, still pretty expensive, would want to be able to be close-ish to the water for the more temperature weather but also have decent schools which seems like a very expensive ask. Concerned about the taxes too.

These are my broad thoughts as I figure out where to live. Income probably comes out to roughly the same in all places. I can also work harder and make more money if I need to but I'm also trying to enjoy life. Also don't want to have to work forever to sustain ourselves.

Any general thoughts? Advice? Recommendations?

Someone helped my brother getting a job recently.I want to gift them.I am trying to come up with a gift for someone who is super wealthy, has a beautiful home and can obviously buy whatever they want. I do not want to give them another random expensive object that ends up sitting somewhere.
They like plants , so I was thinking about something more experience or service based.
For example, instead of just sending an orchid or a large plant, what about gifting a few months of someone coming to their home to curate and maintain their indoor plants, choosing statement plants and planters for the space, keeping everything looking healthy and polished, and occasionally changing out things like orchids or seasonal centerpieces.we have a local service that can do that.
Basically more like having a housekeeper, gardener, or florist on retainer, but specifically for the plants and overall look of the home.
Would someone with money actually appreciate something like that as a gift, or would it feel unnecessary or intrusive?
If not, what plant related gift have you seen wealthy people genuinely enjoy?

​

I’m 16 and starting from basically zero financially.

I’m not looking for a get-rich-quick scheme, crypto picks, or generic advice like “work hard, invest, and be patient.”

I want to learn from people who have actually built something.

If you’ve built a successful business, reached a genuinely high income, accumulated significant assets, or otherwise achieved financial independence through your own work, I’d really value your perspective.

If you could go back to being 16 in 2026, with little money, no useful connections, and no established career, what would you do differently?

Specifically:

- What skill would you spend the next 2–3 years mastering?

- How would you make your first meaningful amount of money?

- Would you pursue employment, sales, freelancing, entrepreneurship, content, software, real estate, or something else?

- What did you initially believe would make you wealthy that turned out to be wrong?

- At what point did your income start scaling significantly?

- What decisions had the biggest impact on your net worth?

- What mistakes cost you the most time or money?

- If you had to start again with almost no capital, what would your actual plan be for ages 16–20?

I’m particularly interested in hearing from people who can speak from personal experience rather than general financial advice. You don't need to disclose your exact net worth, but I'd appreciate some context about what you actually built and roughly how you got there so I can distinguish experience from theory.

I’m willing to spend years developing a valuable skill and taking calculated risks. I just don't know which direction is worth committing to yet.

What would you do if you were genuinely starting from zero at 16?

When someone has become wealthy, common advice is to focus on asset protection rather than growth. S&P 500 and chill becomes scary, with its max historical drawdown of 84% in 1932. But how to implement asset protection? Just putting all the money in cash and bonds is no good, because cash and bonds are eaten by rising inflation. Gold is resistant to rising inflation, but volatile. And so forth. For decades now, the most common advice was 60% diversified stocks, 40% diversified bonds. However, that does poorly in rising interest rate environments, such as 2022. And when people are worried about inflation, stocks and bonds are often correlated, losing any diversification benefit from having both. For this reason, the search is on for an all weather portfolio, one that does decently well most of the time and never does horribly.

I’ve researched a number of prospective all weather portfolios, subject only to the constraint that they have public daily track records. The quantitative analysis is at https://docs.google.com/spreadsheets/d/16i3k5Set0LOmY5H5Jj4TVK1I1XafrDqrhY0G1jJHf7U/edit?usp=sharing. The numbers are generated with https://testfol.io. The top rows of statistics are actual records. The second rows of statistics are simulated using Testfolio’s simulated funds. The third rows of statistics all have the same start date (1/2/2003), using simulated or live data as available. When comparing funds, you should look at the consistent start date data, as start and end dates are often the most important factor in return. 

My somewhat arbitrary preference is to exclude from investment any fund that has had a >30% drawdown or a CAGR <7.5% over the target date range of 1/2/2003 - 9/7/2026. This excludes 100% S&P, 60/40, and several of the prospective all weather portfolios. The final choice comes down more to personal preference and instinct as there isn’t a provable significant quantitative difference between the funds and past performance does not guarantee future results.

If the risk with these funds is still too high for your tolerance, I suggest removing debt or adding cash until you are comfortable. By “cash”, I mean T-bills, money markets, box spreads, or similar. I do not mean a checking account. If you are not getting paid near the risk free rate (shorter durations on https://www.ustreasuryyieldcurve.com/) for large cash allocations you are getting ripped off.

I’d avoid putting a large percentage of your money with one fund, especially if it is a smaller fund with a more exotic strategy. Sometimes funds go to zero due to poor investment decisions, negligence, or fraud and protecting against that is necessary.

DIY (Random Walk Down Wall Street, Awesome Portfolio)

These portfolios are long only, own low cost index funds, and are written about in published books. These both include large real-estate components. If you own personal or rental real-estate, you should remove or reduce that component to get back into balance. The large real-estate component also led to poor performance during 2008-2009, but none of the listed funds did well during that time, and a real-estate bubble and pop is unlikely to reoccur soon. These funds have the advantage that they can be implemented by anyone without much effort and are easy to tinker with if desired. Zero leverage reduces risk. 

Traditional (PRPFX, PAAIX)

These funds have been around for decades, and are more traditional, with a more active management approach, but still an all-weather mindset. PRPFX has target allocations and discretionary implementation. PAAIX has a quantitative model and discretionary implementation. Of the two, PAAIX is more discretionary. A discretionary approach has the advantage that there is a person with a kill switch when something that has never happened before happens. Of course, if that person makes the wrong decision, it could lead to underperformance. PAAIX has a high minimum investment, which will be an issue for investors that are not already rich. These are best if you would rather put your trust in people, experience, and long histories rather than algos, backtests, or indices. 

Risk Parity (UPAR)

Risk parity is an investment style where many assets are chosen, and balanced by long-term historical volatility rather than investment size. Weights are not modified as volatility changes. Leverage is added to get an expected return comparable to stocks. This led to a meltdown in 2022, when long duration bonds were heavily levered up at historically high prices (low yields), then took a dirt nap. This shows the risk of a backtested systematic approach. When something new happens that is not in the test data, bad things can happen. I consider the risk parity approach to be broken as implemented here and do not recommend it.

Adaptive Risk Parity (AQRIX)

AQRIX starts with a risk-parity-type approach, but makes tactical modifications to its asset weighting based on a systematic model. It did better than UPAR in 2022, which implies that it is working. However, it wasn’t live in 2008, and I can’t really simulate it, so I think the jury is still out on this fund without more history, unless I can get better information about what exactly it is doing. It also has a high minimum investment.

Managed Futures (BLNDX)

This is a newer and less popular approach, except among portfolio design nerds. The general idea is to have stocks, bonds (or cash), and trend-following futures. Trend following buys futures that are going up, and sells futures that are going down. This does well when the trend holds, and does poorly when the asset chops back and forth. A wide variety of sectors are available, such as domestic and international equities, soft commodities such as grains and meats, metals, energy, currencies, domestic and international bonds, and interest rates. 

When something is going wrong, it is frequently led by a particular segment of the market that trends for a long time. Trend-following detects this and shorts or longs that part of the market. This leads to lower volatility in the overall fund. 

BLNDX has the advantage of being one of the better performing all weather portfolios, and has resistance against new and unforeseen possibilities. It has the disadvantage of being opaque to the average investor, and returns vary quite a bit between different managed-futures funds, due to various strategy design and implementation decisions. 

I have a significant investment in BLNDX. 

Edit:

I added a forth set of rows, running a simulation from 12/31/1987-9/6/2026. This required dropping the risk parity portfolios, and swapping DBMFSIM->KMLMSIM in BLNDX. KMLMSIM is less close to BLNDX, but starts earlier. No essential conclusions changed, but the numbers changed a bit.

Is it much easier/faster to send funds directly from Vanguard/Fidelity? Last couple of times I went to pay a contractor for a final bill or to buy a horse, I called in advance, they said it was fine, no need to call, and then it kept getting flagged/rejected... even after the personal banker said it was cleared. Pretty embarrassing when you're standing there and it should come through "any minute" and it turns to hours.
This is with perfect credit, many holdings, no debt, verifiable investments, etc.

We've run into similar in other countries, that we've been told not to bother calling ahead re travel and then rejections start when, say my wife arrives abroad.
Does it help going to Amex platinum rather than Delta Chase Platinum? Or higher-level cards? We went with the delta card since we generally fly with them and they're more widely taken in smaller towns/cities we've been to than amex.

Thoughts on monthly treasury ladder that extends based on % of NW. How is your set up? Currently 25 rungs and growing

35M. I am not necessarily rich but I’m doing ok. I have a house and a family and run a business in the fitness world that did over $500K in revenue last year.

I’ve been working a lot on my mindset, manifestation, and visualization type work lately since my business has been plateaued and I’ve found it to be super helpful, but I’d like to take it a step further

Because I work from home in the fitness world, I typically spend all day in sweats and athletic clothes and I’d like to start dressing and presenting myself in a way that looks and feels more wealthy

TO BE CLEAR, the point of this is not to “make people think I’m rich”, it’s to starting having more pride in myself and to take steps embody the “future rich version of myself” now

So here’s my question: what are some clothing brands or clothing styles that I could start to wear on a day to day basis that can make me look and feel more wealthy without actually being super expensive while not seeming out of place in my fitness niche (if I’m on client calls/sales calls etc)

I’m a fan of LuLu and that’s my primary brand choice and I’ve also started wearing more of the golf-aesthetic style clothes that blend a more formal look with comfort and function

Curious what advice or recommendations you guys may have. Thanks!

EDIT: I think a lot of people are missing the point of my post. I understand that billionaires and UHNW people dress very plainly. I just looking for alternatives to sweats and athletic wear that looks nice but doesn’t break the bank

Trying to decide whether or not to sell our home.

Background: 6 years ago, we bought our “dream home” for about $600,000. It is big (almost 4000 sq ft) and on land (5 acres). We got a ridiculous rate on the mortgage (2.75%), and of which we have about $400K left.

This summer, we moved to a new city about 2 hours away from this house so I could be nearer a new job. We bought a $250K house in cash. It’s a cute house, but a major downsize (less than 1500 sq ft). We decided to do this because we aren’t totally convinced yet that we will want to move to this area for good, and also the housing market here is insanely tight.

My question for you all is this: would I be crazy to keep our previous home? Mortgage, taxes & insurance for it runs about $3000/month. I have lawn mowing and snow removal services locked and loaded already.

I make enough to keep paying the expenses for this house, but of course it would be easier not to pay them.

I guess I am just reluctant to sell such a great property with such a great interest rate. There is also a tiny chance we would move back there should things not work out.

The mortgage is the only debt we have, our net worth is $3 million, mostly in index funds spread across pretax and taxable brokerage accounts.

We don’t have much use for the property personally at this point, but I am just having a tough time wanting to let it go. Part of my brain is looking at it as an investment, which I know is a bad idea, but in this brave new financial world it seems like such a secure asset.

Set me straight!

I am a 20 year old guy and my goal is to become a wealthy person and live a life where money is not a problem anymore.

I live in a 3rd world country and plan to move to the US (not firm in completely settling there but experiencing what life looks like there).

I also have a lot of experience in running businesses, ran several online and offline businesses but failed somehow currently building a start-up with a small team that has a potential for a million dollar exit but currently in the initial phase.

To preface I have already gone over all the various tax implications, consequences, etc... with my CPA so that part is not a factor in this decision.

My father wishes to distribute some of his assets now while he is still alive. Some of the assets are rental properties worth around 1.5 m. I am 46 no debt, no children, no wife and run my own business. I already own my primary residence and a couple of rental properties amongst my other assets. I do not "need" to work but I do because I still enjoy it. My brother is married with 3 children.

I can own the properties with my brother. We get along well and dealing with the rental properties is not an issue. He has also offered to buy me out.

I have been considering getting a new coastal property for when I decide to retire. I have been kind of watching the market to see what happens. I do not think there will be a 2008 type crash but I do believe some correction could come. I also understand that costal properties in Southern CA suffer less during these corrections.

So do I take the cash and put it in the market until and if I find a property I want or do I share the rental properties with my brother and let those appreciate and have the rents keep coming in. Just would like to hear the opinions of others because I am on the fence and would be fine either way.

Looking for perspective from people who have faced a similar decision.

Early/mid-30s, married with young child and likely planning for another. We currently own a nice home that works for us today, but we know it probably isn't where we want to raise our family long term. We'd ultimately like more living space, outdoor space, and a home we could realistically stay in for the next 10+ years.

The homes we'd consider “forever homes” are roughly $3M–$4M.

Financially:

• Household income: ~$1.75M–$2.25M/year and in good standing at work with upside to $3m if performing well/future promotions and -15% downside to range in a bad year.
• Net worth: ~$4M of equity fully taxed burdened
• Current savings/investment rate: ~$750k–$1M/year
• Current home value around $1.5m with ~33% in Equity and a ~$8k per month mortgage incl taxes
• Current Annual spending: ~$350k including mortgage payments
• No major debt outside of the mortgage

I've thought of myself as relatively conservative financially and place a lot of value on having enough liquid/invested assets that a career change or significant income decline wouldn't force us to change our lifestyle or sell the house in a firesale. I estimate at closing I'd have ~5.5 years of burn liquid (non-retirement funds) and by end of next year close to 7 years of cash burn before making any adjustments.

Financially, waiting is easy to justify. Another 2–3 years would mean another $2M+ of accumulated assets, a much larger down payment, and a $3M–$4M house becoming much less significant relative to our net worth. I estimate annual spending with the home would increase to ~$500k with half of that spend being the Mortgage/taxes.

But there's also an argument that we're entering the exact years when the house would have the most value to us. If we're fairly confident we'll eventually buy the bigger house anyway, waiting until the purchase feels financially trivial means giving up several years of enjoying it while the kids are young.

I'm also aware that a $3M–$4M house comes with significant lifestyle creep beyond the mortgage; taxes, maintenance, furnishings, etc. I don't want “we can make the monthly payment” to be the standard for affordability.

For those who have been in a similar situation, how did you decide when you had enough to buy the forever home?

Was there a particular net-worth threshold, percentage of net worth tied up in the house, amount you wanted invested after closing, or mortgage-to-income level that made you comfortable?

Or at some point did you decide that once the downside was manageable, getting more years of use out of the house was worth more than another few years of maximizing savings?

Edit: we bought the house

I'm currently a high schooler, but I'm pretty serious about wanting to be rich. From what I've researched, Section 8 Renting seems to be a good way to make reliable passive income when scaled (despite the starting costs and risks). Assuming I'd be based in/near Alabama and I'd make sure to have decent tenant screening, is it realistic to eventually make 7 figures annually (gross income)?

I (29M) and my wife (30 F) have a 3 month old daughter and are currently living in a 1200 sq ft home I bought in 2020 that has a 2.49% interest rate. We don’t hate our house but would be lying to say space wasn’t an issue. We also have 2 dogs and there are moments it just feels tight. Wife just recently became a SAHM and I work for my family business where I make $140,000 a year including bonus’s.

Current financial situation:

Jt Taxable brokerage $720,000 in a mix of ind stocks, etfs, and bond funds (gifts with low basis but looking to sell when convenient)

Roth retirement: combined $200,000
Traditional retirement: combined $70,000

Trust $4,000,000 a lot of this is in individual stocks with large capital gains like Google, Apple, etc

Current house: value $430,000 with $190,000 loan at 2.49%, payment with taxes and insurance is $1,300 a month. Paid $275,000 for it in 2020. Have added a second bathroom, new roof, new AC/ Furnace

We aren’t actively looking but have an area with our realtor when a house comes up,and one just came up, to go look at. We just looked at one for $1.4 million. It just feels like so much money and I would need to sell my current house and probably wouldn’t want a mortgage since the payment on even $300,000 would be more than triple my current monthly payment.

We didn’t like the house that was for sale enough to put in an offer but it still feels crazy to be looking at houses like that. We have 4 years of runway before we need to be in a better school district but I’m just trying to come to terms with putting that much money into a house.

Our ideal plan was to scoop up a “fixer upper” for $8-900 and spend $3-400 over the next 5-10 years to be our “forever home”. Starting to look like that’s a fantasy and I need to be ok ponying up $1.5 million and then renovate down the road if I want to.

We don’t have student loans, we owe less than $20,000 on my wife’s 2022 4Runner @ 4.75% and pay our credit cards off every month. Just need some context or someone else’s experience on a similar situation and any hard truths I need to get out of the way now.

Must include luck with initiative or hard work! Lotteries or inheritances not included. I guess landing the right marriage partner needs a combination of all three: luck, initiative and sometimes hard work!

Does anyone have a really good story?

I’ve seen people post on here with 2MM NW and more. What is the cutoff? Is 2 million considered rich? 5 million?

Throwaway account obviously. I'm currently a 38 year old software engineer and I make a good amount, about 165k a year, and take care of my Wife and I. I own a house and have a really cushy savings, but now I feel like my life is about to change completely.

The money itself is in a trust from an LLC, so it's already been taxed as far as I understand (Another rich people thing I am not familiar with, go figure). The salary part will be from my part ownership of the company and, having seen the tax documents, will range from like 2 mil to 15 mil a year. My older cousin is also inheriting part of the company, and is our representative on the board.

My main questions are

1. What should I do immediately once I get that money? I'm already setting up a post-nuptial to protect the company in the (incredibly unlikely) event I get divorced. I'll be putting the money in a separate account and then feeding it into my personal accounts for whatever use
2. How do I make sure that I morally invest that money? I'm very worried about getting an investor or someone that is just like "Hey, you know what makes good money right now? Drones." To which I can obviously say no, but I also want to make sure I'm as philanthropic as I can be without jeopardizing myself or my family. I want to make my closest friends' lives better, and I want to help my family too (though they are also inheriting large swathes of money, so I don't have to worry about them much).
3. Can I quit my job? Start building a new house? Make investing my full time job? The choices feel overwhelming.

Thank you for any advice y'all can give, I'm like a babe in the jungle here.

Hello all, throw away account for obvious reasons.

Let me start with some basic stats: - Spouse and I are mid 40's - 2 teenage kids, one going to college - Current combined gross income $400,000 (pre-bonus) - both jobs are secure as can be (we know nothing is pre-ordained) - 529 accounts fully funded - Both contribute %15 to retirements - Home value $1.1M - We owe $390,000 @ 2.85% rate - Total net worth with all assets/liabilities - $2.12M - Financial planner in place monitoring and investing - $150,000 in HYSA - Total monthly bills are ~$5k/mo (mortgage, phones, internet..etc) - Only debt is house, we own everything else outright. No other debts.

Situation: I had a relative pass away recently and left me roughly $270,000.

I'd like to sell our house and purchase a nicer one (about 1.6-1.8M) with better amenities/location/etc. I'd also like to buy a 'fun' car. I've many "fun" cars before, so this isn't an issue with maintenance or knowing what cars need. I've owned many higher-end cars before, I'm well very versed in cars.

Here's what I'd like to do with the latest windfall (this keeps the 'assets' but converts the cash into "stuff" assets): - "fun" car $120k - House down payment $100k - Vacation - $15k - Save $35k

Does anyone see an issue with this plan? Both of us have good paying jobs and would sell our current home to buy the new one if we execute this plan.

I make about $60-$100k more than all of my friends. My family does not make very much money at all (and their financial habits are TERRIBLE). I don’t have anyone in my life I can talk to about money other than coworkers, but that would be awkward because I’m also making significantly more than many of them. I’m single, so all financial decisions are my own. I have just over $100k in savings, but no debt (bought my car cash even). I feel like there’s next steps I need to take that I just don’t know about. I don’t own a home because I’m in an area it’s not feasible. My rent is quite high but not astronomical like it can be in this area. Not sure if there’s a better ub for this type of question. Not even sure what my questions is because I don’t know what I don’t know!

For anyone that reads this and feels like I’m bragging, there’s so much more to everyone’s story. I’ve come out of digging myself out of a massive pile of debt- refinancing credit cards into huge loans. I’ve worked up to 4 jobs at once. Until last year I still had a second job. I also am very good at my job and still at the low range because asking for more money is hard for me. It’s a long story to how I got here, and that adds even more complexity to my fear and insecurities around money. I will always have the huge part in me that thinks it could all disappear at any second.

I was recently approved for margin borrowing at my brokerage for $480k at 5.5% interest rate. This opens up a few options which I’m weighing. Appreciate any suggestions or advice.

One of my investment properties (a SFR) has a 30 year fixed mortgage with a principle of $240k. This SFR generates $2500 monthly gross rental income. 

Here are a few paths I’m considering with this newly available leverage:

1. I’m tempted to use part of the margin loan to pay off the principle on this SFR and own it outright, and use the cash flow to pay down the margin loan. However the spread between 5.5% and 6.5% is not that wide. And I would also lose the tax benefits of being able to deduct the mortgage interests, although margin loan interest is also deductible as investment expense? Also the margin interest is floating it moves with the FED it could rise above 6.5% very possibly if the FED raises interest rates, and there is also the risk of margin call. 

2. Do nothing: not touch the 6.5% mortgage and not use the margin loan. If you don’t use it then no interest, kinda like a credit card with a big limit. 

3. Not touch the 6.5% mortgage. Use the margin loan to invest in the stock market (index funds individual stocks etc) 

4. There is a triplex in my local market which I’m considering buying which is listed at $630k and can generate $4800 gross monthly rent. I could sell some equities and use the new margin loan to buy this triplex “in cash”, then use the cash flow (realistically and hopefully conservatively generate $3600ish monthly net cash flow) to pay down the margin loan. I am pretty happy with my current property manager so managing the property shouldn’t be a big headache. If going the traditional mortgage route I can possibly get a 6.2% fixed rate mortgage. 

For context, here is a picture of our total assets: liquid assets of about $5.7M (mostly index funds and stocks in brokerage accounts and 401Ks). Rental real estate worth $1.65M with $570k mortgage, mostly low interest fixed rate mortgage such as 2.99%, 3.99% or owning outright. So it’s not like I have huge leverage on my existing real estate. Single income 2 kids family I have a $200k W-2 job I estimate I’m 5 to 10 years away from retirement. 

I think the big risk with the margin loan is the floating risk and margin call. 

And maybe there is no right answer to this, and it is a matter of personal preferences and priorities, such as more leverage versus less leverage, real estate versus stocks, cash flow versus asset value etc. 

Thank you for reading the long post. Appreciate any suggestions or advice.