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by throwawaaays 1890 days ago
I'm in a similar situation, but it's like 1/3 of what she'll make. And I have literally no idea what to do now. I have a good feeling for how to manage it. But not a good feeling about what it means for my life.

In the SF area, it's not enough to live with a family. Where my wife and I are from, it's enough to early-retire with average incomes (4% of 2M$ ~= 80k$/y, 40k$/y median income). But do I want to do this? Or do I keep working my job?

My job is alright, and I make pretty good money. I've been progressing along so far and doing well. But would I rather not have to attend meetings I don't feel like? Yes. But would I rather ride a bike everyday that I want? Yes. Would I rather play games for hours? Yes. Would I rather learn to machine stuff with a CNC? Yes. Would I rather learn new maths, sciences, engineering fields? Yes. Would I rather go sailing around the world? Yes.

Or at least for a while. But then I'd probably get tired of it. And then I can't do too crazy stuff because we have young kids that need to grow up. And then I couldn't afford the sustained expenses, and then want to go back to work. But then I'd have a gap in my resume and worry about having lost touch with my network and career.

We're already debt free and save a large amount of our income every pay-check. We're not interested in buying a house or living in a fancier place. Not interested in a fancier car. We don't want to flash like we're wealthy. We want to be able to hangout with our friends without making them uncomfortable.

So what do I even do with this money? I've never been taught how to be "wealthy". Before all this became reality, I thought I knew what I'd do, I had so many ideas. Now that it's there... crickets.

3 comments

I'd say you can now find a job that best aligns with what makes you happy. The money a job pays you is no longer the most important aspect but merely a secondary one. Want to work 20 hours a week, you probably can. Want to help the world, you probably can at a non-profit. Want to learn a new technical skill set, you probably can at a job where you take a lower level. And so on and so on. You can now trade off salary from a company for whatever you want.
I took two years off after a big windfall. It's fine to stay out of work permanently but those two years taught me that you need to to have a group of people to work with and bounce ideas off. Trying to sit and do things on your own is way less productive and not good mentally.
My biggest worry at the moment would be keeping the money somehow. Dollars may be devaluated - everything may be devaluated in fact.

If you want to pass some money on to your children (and invest in their education), already the amount doesn't look that much anymore.