What to Do With a Windfall

bananasA large windfall. Some like to run a fantasy on this. What would they do, where would they go.

Ideas:

Pay off any debt. Put it into a retirement saving account. Build a cool house. Fund an early retirement.

Having a few million in the bank would certainly lower stress from the financial size. Avoiding the temptation to spend it on too much fun could be difficult.

Would you give any away? To charity, relatives, etc.

Where do “windfalls” come from? An obscure aunt, lottery (not very likely).

It is probably best to rely on your own efforts I think. If you build a business an sell it – is that a windfall?

http://www.thesimpledollar.com/2013/07/21/what-would-i-do-with-a-large-windfall/

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