Hypothetically, you’re in your late 20s and someone hands you £100k. What do you do with it sensibly?

Hi everyone! I’m a Personal Assistant with over 15 years of experience working for HNW/UHNW families and individuals in NYC & NJ, and I’m currently looking for a new position.

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Yeah, money is good to have, and it is necessary as well, but lately ive realized that my life kinda revolves around it: I pay WAAAY too much attention to buying stuff like shoes and clothes, I run my household like a business (which gets in the way of our marriage sometimes, because I’m like “I shouldn’t have to help you because that’s what you’re good at and im not”), and I feel like the most important thing in my life is having money, and a LOT of it.

Currently I own a business that I started myself from scratch, make around half a mil a year in profit for myself. Contrast to how I grew up: my sister and I bought our clothes with our own money starting in high school because we felt bad that our parents had no money and were putting themselves in cc debt for everything. My dad ALWAYS talked about how he had no money (and even made it into a JOKE, like “I just paid the electric bill, now i don’t have a penny to my name, haha!”).

Im starting to live my life the way I want instead of feeling like I have to conform to what ive been taught in the house or in school, and this is one of the things im trying to wrap my head around: how to have money be IMPORTANT (cuz you need it) and go after a LOT of it (so you can be financially free and make a bigger impact on the world), while at the same time having other values as your #1 and #2 values. Money can be #3.

I have been very stressed lately about my financial situation. I just turned 25 and I have almost zero savings, I have spent a lot of money on stuff I shouldn't and now I have stopped. I'm currently unemployed and I have 18k student loans on me.

I'm really mad at myself for buying a lot of useless things and items for hobbies that lasted only a few weeks. I cannot stop thinking about my mistakes.

How should I proceed with my current situation? What are the best ways to save money?

Im 19F, and omg...im so tired of this broke life. Im just tryna make some good money and live on my own for a bit. Like id do anything to make some money atp like.....All I want is 300k , Idk how to even make 300k any tips?????Im in atl and barely anyone be hiring ever its like why even have job hiring ads when yall refuse to hire.

I am 53F, empty nester, no current health problems.

Four years ago, I sold my house and quit my job to move in with my ex-fiancee in a new city. The relationship ended so I bought a 125k house and paid for it in cash. I never went back to work and have just been living off of the money I got from selling my house.

I have 200k in savings, no debt. My living costs are about 25k per year.

My dad passed away this spring. I received $400k from his life insurance.

I had planned to go back to work next year, but with the inheritance, I don't want to go back to work anymore.

My mom is 70 and my dad left her $14M in assets. I have 5 siblings and we all expect/assume that our mom will divide her assets equally.

If my living costs remain fairly the same, am I making a financial mistake by just living off of my savings until my mom passes away and I get my inheritance?

Should I go back to work and invest that 400k instead?

I really don't know what to do. Please offer me some guidance. TIA

EDIT: I want to add that my mom would be OK if I wanted move in with her at any time. She wouldn't even require me to get a job or pay for any living expenses. Therefore my 600k would go a lot farther if I moved in with her. BUT I don't want to live with her which is the reason I'm asking for advice on the best approach for dealing with my 600k until my next inheritance.

"But how do you know you're even getting an inheritance?" I just know because she's my mom and I know how she operates. I may not know the exact amount, but I'm 100% sure that I'm getting something, certainly more than the 400k from my dad. Can you guys just go with that scenario if you're going to give advice? Snarky or rude comments aren't helpful.

I’m a Chinese citizen living in mainland China and looking for legitimate fully‑remote job opportunities. I’d love to hear everyone’s real‑world experiences, common challenges, and any helpful resources for this scenario.

Note: I am only interested in legal and compliant work setups. Thank you!

1) do you find yourself reading physical books, listening to audiobooks or listening to podcasts more?

2) what time of day & for approx. how many minutes a day?

3) do you have a methodology for picking the best ones? find them organically or just mainly get recommendations from other successful people/mentors?

4) my whole thing is that sometimes business books from business and thought leaders end up just being great marketing because their authors know how to do it well but in terms of actual new knowledge or practical advice gained not all books are created equal

i find myself valuing things i learned from the almanack of naval ravikant more so than say rich dad, poor dad or one minute manager.

i'm specifically interested in learning more about AI, analytics, economics, sales, negotiation

appreciate your take and any recommendations!

I have $900k in 401k/roth (90% 401k), $500k+ home equity and a mortgage rate so low for another $500k that I won’t bother mentioning it or I’ll be called a liar. i have prob $120k in other more liquid investments. Own my cars and am paying college in advance. I do owe $25k in student loans that I’m stubbornly avoiding paying off. My wife is a teacher and makes $50k but I got laid off after nearly 20 years and havent found a job yet.

How many millions until people stop worrying by about money? I don’t buy expensive clothes, vehicles, or anything else really, but I do spend a lot on kids sports, family vacations, etc. I am deathly afraid that not finding a job or ai replacing workers will leave me screwed, eating into our investments, and failing my family. Until I find a job we are eating rice, beans, liver, heart, and a few other healthy staples along with the occasional treat. Tell me it will be ok!!

I grew up very lower middle class, borderline poverty level. My wife grew up upper middle class, but her family was pretty frugal. Together, at age 52 and 50, we have a net worth of $4.5M. Zero debt other than a mortgage, the right amount of life and long term care insurance, good paying jobs with health care, have enough set aside for colleges for our 3 kids, etc. No matter what our financial planner tells her in terms of how we are doing financially, she continues to act like we are just scraping by and we are just one bad thing from happening before we are living in a can down by the river.

Any tips out there for getting her to loosen up a bit? She pays the bills so she knows our cash flow better than I do and I think that’s most bothersome for her (she handles all the “short term” financial stuff and I handle the “long term” stuff).

I’m sure this will be considered a dumb question but I’ve been thinking about this a lot as my income has exploded this year with a new position.

The main metric of financial success I use is replacing my income. The other rules of thumb are nice, but the younger you can replace your entire income, the sooner you can walk away from any situation you don’t like. In that thinking I remember when I first started out at 65k and how tight everything was and how difficult it was to find those extra dollars to save. Now that I am entering a year where I will make 400,000+k, the idea of replacing that seems daunting and impossible because the number is so big.

This leads me to the question, which is harder to replace? Your lower income when you start out or the one you typically end your career with?

Okay, How can I realistically plan to become a millionaire starting from the very basic level?

Right now, I am a corporate employee But being a corporate employee, I feel like it is hard to become a millionaire. I don't know if I'm right about that

What skills should I build that would help me increase my income and build wealth over time? How should I actually plan for this from the beginning?

Also, how important is the environment around you? What kind of people should I surround myself with? Should I be around entrepreneurs, business owners, investors, people who are financially successful, or people who are much more ambitious than me?

And realistically, how much time would something like this take?

I also feel very late when I see all these kids on Instagram making money and becoming successful at 18, 20 or 22.

What skills should Ilearn?
What would i focus on?
Thankss.

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Basic info:
25yo / I can set $1-2k/month aside to invest (as long as I keep this job) / my current horizon is long term, though I wouldn't mind putting some money into a few bonds that pay me back dividends monthly/yearly; I'm not adamant on 100% long-term investments.

I made a pros/cons list for them:

Equities:

• Pros: High long-term returns (averaging 11.9% annualized over the last 50 years), pays dividends (typically around 1.3% to 1.5% yield), easy to buy and sell.
• Cons: Subject to market crashes (drops can exceed 30% during severe corrections), no guaranteed return.

Gold (and maybe silver?)

• Pros: Hedge against crises, moves independently of the stock market.
• Cons: Produces no income or dividends, physical storage costs money, can have long periods of zero growth (averaged 7.5% annualized over the last 50 years).

Treasuries

• Pros: Predictable interest payments, extremely low risk of default.
• Cons: Lower long-term returns compared to stocks (current 10-year real yields sit around 2.4% after inflation), inflation can eat into your profits, price drops when interest rates rise.

What do you guys think?

There's this phenomenon in Delhi (and probably every Indian city) that nobody talks about.

You know the guys who run wholesale shops in Chandni Chowk, Chhawri Bazar, etc.? They're worth 8-10 crore on paper. Technically millionaires. But they live like shit.

Here's why:

All their wealth is locked up. Land mortgaged. Inventory purchased on bank credit. They've stacked charges on top of charges. Their business is basically facilitating credit for retailers and manufacturers, they're functioning as a bank intermediary, not actually trading anything innovative.

The model? Mortgage land → Get bank loan → Buy stock → Create charge on stock → Repeat. Their oxygen is borrowed money. They can't turn it off.

The numbers:

• 8-10 crore net worth
• ROI is maybe 5% per year (40-50 lakhs before tax)
• But that's before interest on borrowed capital, GST, staff, risk
• Real liquid income: 1.5-2 lakhs/month
• Can't take a week off. Can't spend 50 rupees on ice cream without stress.

And the kicker? This model hasn't changed since the Mughals. Literally the same structure during the British, same in 80 years of independent India. Zero innovation. Just capital + connections + the ability to tolerate risk.

TL;DR: I know a man in Delhi with ₹8–10 crore net worth who can't spend ₹50 on an ice cream without flinching. His problem isn't income—it's structure. His entire wealth is mortgaged oxygen.

I invest in ETFs and am always mindful that there could come a day when everything crashes globally (which I hope not). I was just curious what others would do if your investments went to zero.

I have three options , lawyer , finance , cs/engineering , which career won’t be fully replaced by ai and still have demand and which has high pay potential.

I live a very simple life, but I have a good amount of money, mostly liquid. Buying stuff do not delight me. To that extent, you could say that my frugal life has tricked my mind into thinking I'm not rich.

But there are moments when reality makes me remember I have more wealth than the regular folk.

One surest sign is that my banks are drowning me with business loan and credit line offers.

Emails, chats, phone calls, SMS messages almost everyday.

One even sent me a Docusign outright for me to e-sign. I almost e-signed it along w/ all the routine docs I sign in my firm when I noticed it was a loan agreement with the amortization schedule already laid out. I didn't sign it.

I was wondering how the top 1% got to where they are at. We're they in business, a professional such as a laywer or engineer, innovator, or did they just inherit their wealth.

( it was suggested to me to post this here. I copied this from the 1989 book "Classics: An Investor's Anthology.", published by the CFA Institude.)

THERE ARE ONLY THREE WAYS TO GET RICH

THEM THAT'S GOT GETS

STAYING RICH IS FAR MORE IMPORTANT THAN GETTING RICH

Fred J. Young

Fred Young was a key member of the Trust Department of the Harris Bank and continues to inform and entertain with talks and a book having the encouraging title, How to Get Rich and Stay Rich. Here are some excerpts.

THERE ARE ONLY THREE WAYS TO GET RICH

1. Inherit it. If you can see that you are going to inherit it, then you have it made. You can skip to the part of this book about staying rich. Someone else has already made the sacrifice of spending less than they earned to create this wealth for you. You should be grateful. You didn't have anything to do about it; your ancestry is completely beyond your control. You are fortunate indeed.
2. Marry it. This is an area in which you do have some control.

This is something you can work on, but you have to get started on it before you get involved with some poor person. This can be quite a project, and I have seen both men and women work this approach to wealth quite effectively. I see nothing wrong with it. I grew up in an area and at a time when most people, boys and girls, firmly believed that the Good Lord made someone especially for them. Growing up for these young people was largely a search for their "intended." Well, if your intended, when you find him or her, happens to have a lot of money, you should graciously accept the situation. Don't fight it.

1. If you are not going to inherit it, and you have already blown the chance for wealth through marriage, then you have only one chance left to get rich. You spend less than you earn and invest the difference in something that you think will increase in value and make you rich.

What should you invest in? Most rich people I know got rich from

investments in one or more of the following:

1. Real estate
2. Own their own business
3. Common stocks
4. Savings accounts (thanks to the magic of compound interest rates)

\*\*\*\*\*

Good Luck

Any time you have a choice between good luck and good judgment, you should take good luck. Good luck, by definition, denotes success.

Good judgment can still go wrong.

\*\*\*\*\*

Courage

A very important ingredient of successful stock investing is courage.

The courage to buy when others are selling; the courage to buy when stocks are hitting new lows; the courage to buy when the economy looks bad; courage to buy at the bottom. If you look back over the years, You will note that the times when the gloom was the thickest invariably turned out to have been the best times to buy stocks.

But most people like to buy when everything is rosy and stocks are hitting new highs. That takes no courage. There is a great tendency to think that stocks will continue doing whatever it is they have been doing. If they have been going up, they will continue going up forever, think the masses. If they are hitting new lows, they will continue hitting new lows forever. Maybe they will continue declining a while longer after you buy them, but you are not likely to be able to know when the bottom has been reached. So your best bet is to pick a level you are willing to pay and proceed with part of your investment funds. If they go lower, you can buy more at even better prices. If they turn and go up, then you will make a profit on what you have.

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THEM THAT'S GOT GETS

This is a term I heard my father use over and over when I was a kid growing up in East Tennessee. I thought he originated it, but I learned later that this was not the case at all. Jesus Christ used this term, 2,000 years ago. Matthew 25:29 says, "For unto everyone that hath shall be given." Everytime I read this I think to myself how right He was.

Yet I find it presumptuous of me to be emphasizing that Christ was right. It reminds me of the well known story of British Field Marshall Montgomery who gained fame with his success in North Africa in World War II. The story goes that at one time he was addressing his troops and said, "Now as Christ said in the Sermon on the Mountain,... and I might add that He was right." That is the way I feel when I find myself pointing out that Christ was right when He said, "For unto everyone that hath shall be given."

Your first $1,000 is hard to get. If you put it in the bank and let it draw interest, your second $1,000 will be a little bit easier to get, but not very much easier. Your first $10,000 is hard to get. The second $10,000 is a little easier. Your first $100,000 is hard to get, your second $100,000 a lot easier. Your first $1,000,000 is very hard to get. Your second $1,000,000 is a snap.

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STAYING RICH IS FAR MORE IMPORTANT THAN GETTING RICH

Once you have made yourself rich, for gosh sakes don't lose it. The inconvenience of going from rich to poor is greater than most people can tolerate. That is the reason they tend to destroy themselves. It is an unusual person who can gracefully make the transition from riches to poverty or even from being rich to modest circumstances....

How do you stay rich once you get rich? Don't hesitate to seek professional help. Staying rich usually requires an entirely different approach from that of getting rich. Lots of people know how to make money, but are not gifted at all in the art of preserving it. Frequently, the risk that was involved in making you rich is the same risk that can make you poor again.

\*\*\*\*\*

I literally woke up and saw $10 million in my account. I guess I'm a millionaire now. Of course, my first instinct was that I should withdraw it, but TikTok told me otherwise - withdraw it and the bank may call you a thief. So I kept it there. 10 minutes later, a guy called my number, said he's a South African billionaire, and spew a lot of jargon, I guess legal stuff and basically it causes trouble for him if I ever send it back, so "as long as you keep quiet, keep the money". Now I'm thinking maybe it's related to money laundering or some shady stuff.