Last week, I asked: What would you do with $5 million? And wow. Your responses were incredible. Some of you mapped out every dollar down to the cent like one reader who planned everything from their exact mortgage payoff amount and finishing the basement to funding a sidewalk for their neighborhood. Others had a simpler plan: Half in Bitcoin, half in VOO. But the most fascinating part? No one said they’d buy a mansion or a fleet of luxury cars. Instead, I noticed four big patterns: Financial security came first. Paying off the house, setting up an emergency fund, investing wisely. Everyone made sure their foundation was solid before thinking about anything else. Giving was a priority. Many of you planned to tithe, donate, or spontaneously gift money to friends and family. Even with unlimited options, generosity still came first. Money was a path to freedom, not laziness. Almost all of you wanted to quit your current jobs. Not to do nothing, but to do something better. One person dreamed of taking niche jobs in the film industry. Another wanted to enroll in trade schools just for the joy of learning new skills. You didn’t want excess. You wanted improvement. Instead of buying the biggest house, people talked about moving to a slightly better location. Instead of luxury splurges, they wanted to fix the floor, finish the yard, or get a high-quality musical instrument they’ve always dreamed of owning. And that brings me back to my original point: More money doesn’t change who you are. It magnifies what already matters to you. You don’t need a windfall to start living in alignment with your values. The things you’d do with $5 million? Maybe they’re worth working toward right now. So here’s my follow-up question: What’s one thing on your dream list that you could start making progress on today? Hit reply and let me know—I’d love to hear. —Tyler |
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Many people think managing money is about self-control. Resisting impulse purchases, sticking to a budget, and having the willpower to say no. But personal finance isn’t about willpower. It’s about decision making. Think of it like a muscle. If you’ve never actively decided how to spend your money, if you’ve never practiced weighing trade-offs and making intentional choices, then that muscle is weak. And like any weak muscle, it won’t magically get stronger on its own. I see this firsthand...
Last month I sent an email about the small, frequent, forgettable purchases that quietly drain your money. I concluded that the best way to stop the leak was awareness. But since then, I realized I don’t actually agree with myself. Awareness is valuable, but knowing where your money went after you spent it isn’t the same as stopping the leak in the first place. The real problem isn’t that spending is invisible. It’s that we don’t decide before we buy whether a purchase aligns with what we...
I’ve been watching Beast Games. Go ahead. Judge me. As I watched contestants fight for a life-changing prize, I started wondering: What would I do with $5 million? It’s more money than most people will ever see or earn. To put it in perspective, you’d have to make $125,000 a year (after taxes!) for 40 years to reach that number. So here’s my question for you: If I handed you $5 million right now, would you know exactly how to use it? Most people think a sudden windfall would solve all their...