You need to blow some, more a a psychological reward than anything. The problem is definitely not increasing your standard of living to unsustainable levels, it’s not mega yacht money, but you could have a nice boat.
There was a short story or thought experiment or something about this man who won a silk robe. To properly enjoy it he wanted to have a fancy tea served in a fancy pot. Then he wanted a nice chair to be in. It kept growing and growing. I don’t remember the details but it is definitely a good illustration of lifestyle inflation.
Always take the lump sum. Pay off your debts then stick it into reliable investments and live off the income from it.
With a 500m lump sum, you could also take a 100k to just blow on whatever you want with basically 0 impact. You definitely need to limit though l.
I’ve thought about it a lot. Blowing any money is going to be dangerous because you’re risking getting addicted to that ever increasing spending.
I sit here and say that but probably would blow through a lot lol.
You need to blow some, more a a psychological reward than anything. The problem is definitely not increasing your standard of living to unsustainable levels, it’s not mega yacht money, but you could have a nice boat.
There was a short story or thought experiment or something about this man who won a silk robe. To properly enjoy it he wanted to have a fancy tea served in a fancy pot. Then he wanted a nice chair to be in. It kept growing and growing. I don’t remember the details but it is definitely a good illustration of lifestyle inflation.
Random but your Netscape avatar is awesome.