This guy already lives in a cheap area. He does not realize that $1.4m won’t go go far at his age. Needs to find a meaningful profitable business. Otherwise he will just sit around and smoke pot all day.
My old girlfriends dad retired at 50 with $300k in 1980… plenty of money in Connecticut. Just hung out and drank with his buddies. By 55 he was dead from a heart attack.
Got to have a reason to get up in the morning.
You missed that he has been planning to start a business, even before the 1.4M crypto rainfall
She will be a Merry Widow
Nothing wrong with FIRE. FIRE means you don’t have to earn a wage, but you can still work very hard because you want to, not have to.
A mid 20s millennial wrote a book about this, it’s very well written and much better than the Ivy professor’s writing. I’m going to spend time and finish the book
Nothing wrong with anything he said. It’s just that resentment and jealousy have taken over the souls of some people here… 
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What is FIRE
Financial Independence Retire Early.
I think FIRE is a very good concept and really good goal to achieve. I would rather choose a 200k FIRE life over a 500k worker bee life
I retired early… at 33 then 48 then several more times… Highly overrated… Mire important to have something exciting going on to get you up in the morning…
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Wait who started the forum wealth list??
I didn’t start that list based off of jealousy and resentment though. It was based off of knowledge and curiosity… 
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KISS, keep it simple son.
$1.4mil should be deployed as following:
Pay off all debts immediately;
Buy the $300k-$400k full cash immediately, not 5 years later;
Max out 401k, IRAs and HSAs;
Top up emergency fund to 1 year expenses (about $25k i.e. add $15k);
Set aside $100k for starting business;
Rest pump into VFINX (if risk averse, spread over 12 months), nothing to total market or total bond;
Wife continues working; and
9-5, no overtime, quit once (don’t wait for bonus or whatever) you have a firm business idea.
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Business could be a wild card. Some business requires debt and cause a bankruptcy. Maybe keep 1.4M as personal asset and form a LLC or corporation to safeguard the nest egg
Was gamble winnings anyways. I would suggest dump everything back into crypto and hope for the best outcome.
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Seriously, how do you guys protect your asset against liability claims from workers? Most people don’t buy worker’s comp, if something happens to the construction worker, are you going to jail, lose all your asset, or do you already have good protection? You know, worker can fall from ladders, roof, electrical risk, mechanical risk etc.
I think the amateur landlord or flipper could be most at risk. Serious flippers and landlord probably already have worker’s comp insurance.
I think the guy should start flipping… Perfect job for a househusband… Looks like the wife will be making the real money… Can just buy a fixer and live there for two years. Get tax free gain. Her job can pay bills and health insurance. Unless she gets a better offer and dumps him
As I feared, Bitcoin retested 12k yesterday and rebounded to over 13k now. Let’s see how the rebound will play out.
I think the 12k low should hold and it may make new highs in the next few months. We may not see 10k in 2018, but the rise will be less dramatic. 30k is still within reach.
Any pundits say the chart looks like head and shoulder?
Look like the bottom will be falling out, as it should be. Run and hide!!! 
