What would you do with a windfall?

[Manchild_Unbound]

After reading through Unscripted , it really impacted me how that NBA basketball player was worth over $80 million and lost it all by excess consumption. I'm sure we've all heard about the statistic that most lottery winners end up broke after a few years.

But let's say one of you had a windfall, be it a lottery win, a rich relative leaving you a fortune or trust fund, or whatever. You are now a millionaire. To be specific, let's just say it is $5 million.

What would you do? How would you avoid going broke and make that money last for the rest of your life? What would you produce? Would you still be entrepreneurial?

 

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[jon.a]

This happened to us.
We changed almost nothing.
We have the same truck (we had it painted).
We live in the same house. It's our worst rental property.
We wear the same clothes.
We buy maybe one new thing a year, about $1000 or so.
Our income has multiplied, but our expenses are about the same.
We have been studying investing a lot.
We add one new money system about every year.

 

[Bennu]

I would spend all my spare time becoming financially literate and learn how to invest wisely. I would spread it out among several kinds of investments. If the earned interest was enough to live on, I'd quit my day job and make my own business my job until it can sustain me, and would keep funneling money into investments and new businesses and just keep building and learning until I have enough passive income from my investments and businesses that I could do whatever I wanted.