Posted on Feb 4, 2021
Here's what this expert says you should do with all your 'extra' windfall cash
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"For windfalls, Malani suggests doing a reverse split: 80% of that cash infusion should go toward your long-term financial goals, like saving and debt payoff, and the other 20% is for buying something satisfying in the short-term. That way, you can treat yourself while still looking out for your future self."
Here's what this expert says you should do with all your 'extra' windfall cash
Posted from cnbc.com
Money
Investing
Personal Finance
Enjoying Life
Posted 4 y ago
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80/20 split? Hell no! We received a windfall and put 100% into future financial needs. We purchased a home for cash (no more worries about shelter for the remainder of our lives) and the balance into stocks that pay dividends (to pay the costs of food, medical care, and maintaining our home for the remainder of our lives). What about our income? Well, we can now spend that on anything we damn well please (short-term gratification). That's how you do it...
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