Fenrir

Equity perps maximalist until further notice

Here’s what you should actually do if you suddenly run up a large amount of money: You will most likely never see this much money again Don’t fuck it up The interest alone, or a few years of compounding is worth far more than you realise. If you’re lucky, you can live off interest alone. $3,000,000 at 5% a year is 150k PA. Even getting to half that amount is 75k PA for literally doing nothing Lock the majority of the money down first (high yield savings account, no withdrawals, no impulsive spending). Put tax money aside immediately Clear out every high interest debt and don’t take on new ones. People with 500k net worth are asking me if they should spend 100k on a car. No. Do not do this. I absolutely love supercars, but I drive a Kia Sportage Build 6–12 months of emergency savings Buy a home if the numbers make sense (they usually do) Build a real budget: calculate your annual costs, your net worth, and how much interest you generate each year, are you spending more than you’re earning? Track your costs monthly so you always know where you stand Once you're grounded put the bulk into long term investments (ETFs, super, index funds) Keep a small liquid stack for opportunities Don’t let lifestyle creep drain your future. Just do what you usually do. Clout is worthless Set up proper tax and wealth structures (trust, company). See a financial advisor for this. They also know how to reduce taxes in ways you never thought possible. Protect yourself, insurance, wills, estate planning, legal structure Build a long term financial plan and actually stick to it I'm sure there's a lot more you could add to this list, and please let me know. Being a responsible adult isn’t that glamorous but it keeps you from going back to work I do not want to go back to work - Unc

I made a million dollars in my first ever crypto cycle in 3 months I spent ALL of it and now I’m living paycheck to paycheck

closed all my shorts