What to do with large gains?

Taken from discord post by JB

I think this is a great explanation on how to deal with coming into a large sum of money. I will add text to this to explain it better soon. Don’t forget to pay it forward as giving always feels great. Take care of yourself first and get your house in order. Pay off debt, pay cash for things, celebrate a bit. However, save enough to cover your taxes, which are probably short term gains, which get taxed higher. Get your team built with these 4 people: Estate Planner, Investment Broker, Tax Attorney/CPA, and Insurance. Interview them and make them earn their position. Don’t yolo it away.

6 Likes