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 problems. But if you don’t already have a clear idea of how you’d use all the money you’ll ever earn, what’s the point of getting it all at once? The hard truth is that more money doesn’t create clarity. It just magnifies your existing habits and uncertainties. So, what would you do? Hit reply and let me know—how would you spend $5 million? —Tyler |
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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...
Ever check your bank account and think, Wait… where did all my money go? You’re not alone. Most people assume their big expenses—rent, mortgage, car payments—are what define their financial situation. But often, it’s the invisible spending that’s actually draining your money. What I see most often among those I speak with isn’t reckless splurging on luxury items—it’s frequent, forgettable spending at places like Amazon, Target, and Walmart. It’s convenience food delivery. It’s random Venmo...
People say the key to financial stability is living within your means. But what does that actually mean? I worked with a client who made nearly a million dollars a year. By most people’s standards, he was wildly successful. But during one of our sessions, he admitted something that caught me off guard: “Tyler, I’d honestly rather make $300,000 and have a life. This isn’t what I wanted.” Despite his impressive income, he felt trapped—by obligations, by expectations, by the lifestyle that came...