Have you ever asked yourself how much money would make you happy and set you up for life? I have. And I’ve settled on 2M. Post tax, that is (so fine, call it 4M pre-tax).
Here’s what I’m thinking:
- With the first million we can pay off our house and I can also buy a home for my parents, and S’ parents. In reality, I wouldn’t really pay it off the bat. I’d set-up accounts to automatically pay every month, so that you could still get the tax break.
- I’d take 1/4 of the remaining million and invest it for college education funds for the boys.
- The other $750K I would invest for our own retirement.
I would still work, but work for non-profits or charitable organizations, that can make a difference. Then I wouldn’t feel like I have to be earning a specific figure to take care of the house over heads & college tuition bit. I’d travel more. Visit family more often. Take the boys to South America, Asia, wherever and learn about history up-close.
That’s not impossible to ask for, right?
So… who wants to give me the money?