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You got a $100,000 windfall ! - The Wealth DNA radio show is dedicated to helping you increase your wealth, as well as educating and informing savers & investors. If you received a $100,000 bonus, lottery prize, gambling winning, or inheritance, would you spend it or invest it? How would you invest it? How should you invest it? What's sounds like a nice problem to have, still should be analyzed like any other major investment decision to maximize the long term benefit. How do you start the analysis?
We'll take a recent example of someone who will be receiving a share of their inheritance and is faced with this very question. What advice would you give them? Are there some examples in your circle of friends or family? Prepare your answers, a cup of coffee, or glass of wine and join in the conversation …
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It's good to talk.