海角大神

It鈥檚 a natural human dream that many of us have. Something happens and suddenly a substantial chunk of money falls on our lap 鈥� enough to change the dynamics of our life in some fashion.

For a lot of people, a windfall would be used to pay off debts. That mortgage would disappear, as would those credit card debts.

For others (even many of the people with debts), a big splurge would be in order. It鈥檚 time for a shiny new truck or a big trip or a new speedboat.

That eliminates most of the people who would receive a windfall.

What about the rest of us, though? Neither of those options really apply to me. I don鈥檛 have any debts to pay off (thank goodness!), nor do I have a desire for any sort of big splurge. Even if I could, I wouldn鈥檛 go out and buy a new vehicle today, nor would I start packing my bags for a trip to New Zealand or something. I might eventually travel, but I鈥檇 still plan for it, regardless of how much money I have.

This begs the question, then: what would I do with a windfall?

My gameplan would be different depending on the amount, so let鈥檚 walk through those amounts.

If the windfall were less than $250,000 after taxes, I would fund my savings for various long-term goals. As I鈥檝e mentioned before, I鈥檓 already saving for things like international vacations for my children when they get older, their college educations, and other initiatives. I would use a relatively small windfall to make sure all of those goals were well-funded.

If the windfall were less than $750,000 after taxes, I would also build our dream home. This is another long term goal we鈥檙e saving for, but this kind of money would enable us to start building now rather than later.

Our ideal home is in a rural environment with some wooded areas on our land as a nature preserve of sorts. It would be built from the ground up to be incredibly energy efficient, ideally so that it could be fully self-sustaining in terms of energy use with excess going back out onto the energy grid. We鈥檙e not interested in an extremely large home 鈥� in fact, our floor plan wouldn鈥檛 be too different than the one we currently have except with only two floors instead of three (as our parents are getting old and our current floor plan has no main-floor sleeping areas).

Once we have the cash on hand to build this, we鈥檙e going to move forward with it.

If the windfall were more than $1.5 million after taxes, Sarah and I would both walk away from our day-to-day work. I鈥檇 love to be able to solely focus on writing fiction as well as on volunteer opportunities in our community. Sarah would probably be hard-pressed to walk away from her professional passions, so she鈥檇 likely seek another outlet for her teaching skills.

Any amounts between $750,000 and $1.5 million would go solely toward funding an early retirement.

This seems boring, doesn鈥檛 it? There are no big splurges (aside from the house, but that鈥檚 just fulfillment of a goal that we鈥檙e already working on). Instead, it鈥檚 all about either saving for the future or investing in real estate. What鈥檚 the fun in that?

For us, the fun is being financially secure and enjoying the lack of stress plus the knowledge that our long-term goals will happen because the money is already set aside for them. That is worth its weight in gold to us. There is no splurge, to either myself or Sarah, that鈥檚 more fulfilling than having that.

It might be boring, but it鈥檚 also very low-stress and incredibly fulfilling over the long term. I wouldn鈥檛 have it any other way.