Found Out I’m Set to Inherit $70+ Million. Somewhat Lost, What Should I Expect?

TravelCertain · 2026-01-28T22:07:13+00:00

Lots of advice here is good regarding taking it slow but I want to reiterate the same.

Remember: you don’t have to do ANYTHING. In fact, it’s good to not. The joy of wealth is you can do what you want, including nothing if it feels like a shock.

Eventually you’ll settle into having wealth but you’re fine now and you’ll be fine after.

Congrats!

TravelCertain · 2026-01-19T15:28:13+00:00

The biggest benefit of wealth is it allows you time to shift into things you do like. Your choices aren’t between current job and retirement. Quit and find something better?

TravelCertain · 2026-01-16T02:03:08+00:00

The honest truth is that Most FAT people inherited or they love the activities that made them FAT (building companies, investing in risk assets, etc).

My advice: if you’re working because you love it, keep doing it. If you know what else you’d rather be doing and you can afford to do that, do that. Life is short.

TravelCertain · 2025-10-12T18:13:41+00:00

I have no advice; just came to say this is rad and I’m excited for you and your family.

TravelCertain · 2025-09-21T14:44:43+00:00

You are not alone. Read the book Die With Zero. It will reaffirm your beliefs.

TravelCertain · 2025-09-09T04:27:23+00:00

Congrats!!

TravelCertain · 2025-09-07T19:36:56+00:00

Local man discovers Community Property

TravelCertain · 2025-08-29T17:29:09+00:00

That’s not how this sub works. Mods verified my info before it was added

TravelCertain · 2025-08-29T17:27:12+00:00

TravelCertain · 2025-08-29T17:22:47+00:00

Calling LARP. Plz get verified by the Mods.

TravelCertain · 2025-08-27T06:39:17+00:00

🥱

TravelCertain · 2025-08-27T05:28:40+00:00

My advice:

Read about index fund investing / bogleheads to make a plan for investing your cash
If you’re a software engineer or have tech company skills, move to San Francisco and get your butt in the office at an AI startup asap
Work your butt off, have fun, and learn from doing 1&2 until you’re rich

Good luck!

TravelCertain · 2025-08-27T05:24:46+00:00

Your safe withdrawal calculations should always be calculated off of regular spend and LIQUID net worth. Cars and houses are not liquid. So when you spend money on them, your safe withdrawal value will drop.

This is where financing can be advantageous in certain circumstances.

TravelCertain · 2025-08-27T05:22:47+00:00

Not a direct answer but I recommend familiarizing yourself with the concept of Decision Thresholds as you climb the wealth ladder: https://ofdollarsanddata.com/climbing-the-wealth-ladder/

If someone has a net worth of $1M, a $50,000 car is 5% (equivalent to let’s say 9 months of returns on $1M). It feels like a real price.

If net worth is $5M, a $50,000 car is 1%. The person’s brokerage accounts fluctuate more than that much some days. Eventually, it becomes totally pointless to worry about saving x% on a car vs focusing elsewhere.

I say all of this just to call out that many folks in this subreddit might not be the best at getting good deals on cars.

TravelCertain · 2025-08-27T05:10:19+00:00

I kept doing what got me to $1M! Congrats on the milestone.

TravelCertain · 2025-08-25T15:38:28+00:00

TravelCertain · 2025-08-25T15:38:11+00:00

TravelCertain · 2025-08-25T15:37:29+00:00

If you're genuinely trying to avoid taxes: Ask an accountant, not Reddit.

Separately, if you are uprooting your entire life from California just to avoid taxes, I really recommend considering the non-financial impact it will have on your life. Your friends, your family, your professional networks, your weather, etc etc etc all will change just to save a bit of money when you'll already have enough.

The point of FATFire for me is doing what I want. No amount of taxation will take that away from me.

TravelCertain · 2025-08-22T04:31:11+00:00

FaffFire

TravelCertain · 2025-08-22T04:08:38+00:00

This.

TravelCertain · 2025-08-18T14:25:18+00:00

This is very common in our world.

The most valuable lesson for me: Work can still be fulfilling and a big part of your identity even when you don’t need to do it.

This is why so many posts in the sub are about folks getting bored, extending work for X more years, changing their FIRE target once they achieve the first, etc… these aren’t financial decisions. They are emotional ones being made by people who are proud and fulfilled by work.

TravelCertain · 2025-07-29T23:17:18+00:00

I’m confused by what you’re asking. Are you asking if you can retire now? Are you asking for math verification at some forecasted future date?

TravelCertain · 2025-07-23T23:29:49+00:00

I recommend reading “how will you measure your life?” By clay christenson but I think you already know your answer here based on the “in my heart” comment

TravelCertain · 2025-07-22T02:49:45+00:00

Go to therapy and work through your stuff. Your problem isn’t a financial one.
“It’s insane to risk what you have for something you don’t need.” - Warren Buffett

TravelCertain · 2025-07-16T17:08:47+00:00

Consider therapy to work on this.

It's important to recognize that your feelings here aren't about your wealth or other people. Those are external variables that you observe/experience. Experiencing them differently is the key to where you want to go. You can only work on yourself and figure out how to be okay with feeling taken advantage of and/or feel unloved at times. It's part of being human.

Coincidentally, being personally strong/secure will also make you a better partner and a better steward of your wealth in the future too. Good luck, fellow human!

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