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Azred · 11-22-2002, 09:05 PM

When the interest generated on the principal is enough to pay all your normal monthly expenses. Properly invested, even $250,000 would suffice for most people living reasonably, depending upon the cost of living of their area. Here in the Metroplex, that amount would be stretched thin each month; however, in Denton or Belle's home town that amount would be more than enough.

Animal, in your situation I would find a financial advisor in whom you place a high degree of trust, invest the money wisely, then decide whether you wish to continue working at this time. Since you are 30, the investment strategy I suggest is 30% in government securities (for preservation of capital), 25% in corporate bonds, and 45% in an well-diversified, aggressive-growth mutual fund; I dare not get more specific than that to avoid influencing your decisions, despite the fact that I do offer financial planning (or at least I try to, but that is a story for another day). Should you decide to stop working, you would have plenty of time for soul-searching to decide what you really want to do.
Now, about feeling bad about having a lot of money...think of yourself as gifted economically. Would you feel bad about being intellectually or athletically gifted? Probably not. Just be thankful for what you have and go on from there. Good luck!

[ 11-22-2002, 09:19 PM: Message edited by: Azred ]

11-22-2002, 09:05 PM	#11
Azred Drow Priestess Join Date: March 13, 2001 Location: a hidden sanctorum high above the metroplex Age: 55 Posts: 4,037	When the interest generated on the principal is enough to pay all your normal monthly expenses. Properly invested, even $250,000 would suffice for most people living reasonably, depending upon the cost of living of their area. Here in the Metroplex, that amount would be stretched thin each month; however, in Denton or Belle's home town that amount would be more than enough. Animal, in your situation I would find a financial advisor in whom you place a high degree of trust, invest the money wisely, then decide whether you wish to continue working at this time. Since you are 30, the investment strategy I suggest is 30% in government securities (for preservation of capital), 25% in corporate bonds, and 45% in an well-diversified, aggressive-growth mutual fund; I dare not get more specific than that to avoid influencing your decisions, despite the fact that I do offer financial planning (or at least I try to, but that is a story for another day). Should you decide to stop working, you would have plenty of time for soul-searching to decide what you really want to do. Now, about feeling bad about having a lot of money...think of yourself as gifted economically. Would you feel bad about being intellectually or athletically gifted? Probably not. Just be thankful for what you have and go on from there. Good luck! [ 11-22-2002, 09:19 PM: Message edited by: Azred ] __________________ Everything may be explained by a conspiracy theory. All conspiracy theories are true. No matter how thinly you slice it, it's still bologna.