Life advice for new young millionaire
I’m in a unique financial situation and could really use some perspective. A few years ago, I inherited some money and have since invested about $700k, with another $400k of that inheritance currently invested in the MAG 7 (~$1.1 million in total). I just found out that I’m set to inherit around $4 million from my grandparents in the near future. Right now, I invest about $45k–$50k per year. Based on what I’ve tracked (excluding the $400k I can’t touch right now), the $700k invested would grow to around $2 million by age 30.
Lately, I’ve been feeling a bit unmotivated to continue working because my job just sucks and have started thinking about other ways to spend my time—maybe going back to school and traveling. With the wealth I’ve already accumulated (and the inheritance coming), I’m starting to question my next steps. While money isn’t a major concern, I’m unsure if I’m approaching things in the best way in terms of personal growth, career, and finding purpose.
If you were in my position, would you continue working and investing, letting compound interest do its thing? Or would you take two to three years off, travel, and work toward a master’s degree at a slower pace?