Windfalls can be fun, unpredictable, and even life-changing. And typically their presence means you need to re-evaluate your financial plan to account for the new funds. What new goals can be achieved? Where should the funds live?
You see, at least in my view, once you have enough — there’s not much point in pursuing more. You wind up risking what you’ve earned and the financial security it provides to incrementally improve a life that you’re already quite happy with.
Getting to where we are is some combination of luck stumbling through life, a tiny bit of hard work, and sheer persistence. My hope for this blog has always been to merely share with you our experiences, especially our foibles, in hopes that you might be able to avoid those very same expensive pitfalls.
I don’t know if investing in individual stocks will be better for you or if index funds will win out. Bitcoin or NFTs could result in the highest return. Bonds might result in the lowest return. And these trends could cement themselves in the long term or just for next week!