Crafting the Perfect Investment Strategy With $500,000


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3 months ago

Crafting the Perfect Investment Strategy With $500,000


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3 months ago
how to invest 500000 dollars

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The more money you can invest, the more money you can make. With $500,000 at your disposal, the opportunities to make money are endless. However, the sheer number of choices can leave you wondering exactly what you should be doing with your money. While the answer depends on what you’re looking to receive from investing, the good news is that we have covered investment strategies quite comprehensively in the past and have all of the investment ideas you need to get a great start.

If you’re ready to make your money work for you, let’s dive into some of the best investment opportunities you can tap into with $500,000.

1. Pay Off Any Existing or Ongoing Debts

In some instances, debt is good. For example, having your own credit card and using it monthly allows you to build up credit, which is necessary if you plan on renting or buying a home, buying a car, or even taking out a loan for any reason.

That being said, other types of debts can be financially debilitating, causing you to constantly be behind on your bills and face consequences like being hounded by collectors or having your wages garnished. Generally, larger debts like these, whether they be student loans or overwhelming credit card debt, need to be handled immediately so that you can move into a space where you’re less stressed and are up-to-date on all of your bills.

With a massive chunk of money like half a million dollars at your fingertips, it can be easy to forget the debt and spend that money on something more exciting and gratifying. However, handling your debt is arguably the most important first step to take in your investment journey so that any income you do create through your vehicles goes to you and not to existing debt.

No matter what debt may be looming over your head, make it a point to pay this off as soon as possible so that it no longer negatively impacts your life. Once that debt is settled, you may want to consider paying off other debts as well, such as your mortgage or ongoing car payments. For the latter, just make sure that you do your research so you aren’t surprised by early payment fees or other penalties that make paying a loan off early more trouble than it’s worth!

2. Create a Solid Emergency Fund

The COVID-19 pandemic offered us a startling revelation: security and stability are not ensured. No matter how comfortable we may feel in the current moment, there’s always a slight chance that something can enter our lives and cause problems. Although we establish budgets and relax knowing that we have a steady income to handle the bills, there’s no guarantee that your job is 100 percent safe.

Of course, this point isn’t meant to be discouraging. Rather, it’s designed to point out the need for an emergency fund. Most people don’t have the luxury of having extra room for expenses should an emergency arise and, if you do, there’s still typically a limit to just how much you can spend before you need to start figuring out how you’re going to pay for the rest.

With $500,000, another great move to make before you start actively investing is to develop your own emergency fund. All you have to do to get started is to figure out how much you’re spending monthly, decide how much you want to set aside in order to cover those expenses should you experience a sudden loss of income, and deposit that money into a high-yield savings account where you’ll be able to make interest as you continue to hold onto those funds.

Is there a chance that nothing will happen and your money will remain untouched? Absolutely! However, in the event that something does happen, you’ll thank yourself for having these extra funds at your disposal so that you can pay for all of your essentials until you figure out your next step!

3. Pay for Your Own or Your Children’s College

College can be an expensive endeavor for those who have to take out loans and repay those loans over the course of years or decades. Fortunately, with $500,000, you’re way ahead of the game!

If you’re looking to upskill and get your degree so that you can move up within your current company, find a higher-paying job at a new company, or even land clients as your own business owner, making the decision to go to college or go back to college is a great way to invest in yourself as well as your future profitability. You may also wish to take some certification courses to bolster your resume and add value to your work.

If you’ve already completed college and have a family, another great investment idea is to invest in their futures. With 529 savings plans, you can either deposit money into your child’s account that they can tap into later for their college-related expenses or put their money into an account that locks in the current tuition rate so that they’re not subject to rising costs in the future.

Whether you want to pursue your own education or help your child pursue theirs (or get both done), you can absolutely make this a reality with $500,000 to spend!

4. Purchase Life Insurance (or Scoop Up Viatical Settlements)

Speaking of preparing your family for the future, one of the most overlooked investments to make while you have access to the funds is life insurance. Life insurance is designed to provide your family with access to the funds they need to support themselves in the event of your death. But as you’ll soon discover, not all life insurance policies are the same, and choosing to invest in one over the other can mean the difference between making a good investment and a bad one.

For example, you’ll generally find yourself choosing between term life insurance and other options like permanent life insurance, whole life insurance, and universal life insurance. While options like term life insurance seem straightforward, the truth is that they’re often terrible investments. Why? They only pay your family should you pass within the term of the policy. If the policy ends and you’re still living, all of the money you contributed to your insurance is gone.

Instead, you’ll want to turn your attention to items like permanent life insurance, which have a cash surrender value and can be used more like an investment vehicle that you can tap into later in life should the need arise (this type of policy may also pay your family when you experience a life-threatening condition rather than just paying out in the event of your death). With this type of life insurance policy at your side, you are able to cover both your family and yourself rather than purchasing a policy that only pays out funds if you should pass within a certain time frame.

On the Other Hand, Consider Investing in Viatical Settlements

Investing in life insurance for yourself is one great way to make use of your money. However, there’s another way to invest in life insurance and experience potential profitability in the process. How? This is accomplished through purchasing viatical settlements.

Put simply, a viatical settlement occurs when someone with a terminal illness or other life-threatening complication sells their life insurance policy for greater than the surrender value so that they can use that money to pay for medical expenses and other essential costs. While this type of investment can seem a bit morbid to some investors, it can pay off for both parties when done with care and empathy.

Viatical settlements can be relatively risky for one reason: uncertainty. Third parties will often determine the potential of a viatical settlement by assessing the life expectancy of the policyholder and calculating how long they will have to maintain the life insurance policy until they’re able to collect the death benefits. The fewer premiums you have to pay before you access the payout, the more you make on your initial investment.

These investments can be a bit trickier to tap into, so you should learn who your state insurance regulator is and contact them to figure out how you can get started.

5. Make a Major Personal Investment That Will Pay Off

Rarely do people consider self-investments as an investment that contributes to their overall wealth. However, making the choice to purchase certain things that can provide you with a better quality of life or a new skill set and helps you grow in both your personal and your professional life is often a great choice to make. In the end, isn’t that a worthwhile investment?

But what exactly does a personal investment look like? Here are a few ideas that you can look to for inspiration in your own life.

  • Buying a new car that helps you get around more efficiently
  • Buying your first house or moving somewhere better
  • Renovating a certain part of your home that helps you stay more organized and focused
  • Purchasing new materials for your office that improve your productivity
  • Getting a new home workout set or gym membership so that you can stay fit and energized
  • Looking for a life coach that can help you structure and improve certain areas of your life

Another suggestion that we made in our previous guide was maxing out your retirement accounts for the year, which leaves you plenty of money left over to tackle some of the other investment ideas on this list!

These are just a few ideas, but these can help you gain some insight into what types of purchases are investments rather than frivolous, impulsive buys. Remember, when you make the decision to care for yourself, it impacts all areas of your life. If you find something that makes you feel happier and brings you closer to your life goals, don’t be afraid to make that self-investment. (Just don’t go overboard and spend all of your money!)

6. Buy Individual Stocks or Invest In Funds

Now that we’ve covered some of the essential personal investments that one can make, it’s time to move onto traditional investment ideas and vehicles that are designed to help you build your wealth. One of the first and most important items to tackle here are stocks!

The first option to consider is investing in individual stocks. Choosing to invest in individual stocks gives you full control over your portfolio, allowing you to receive dividends from your chosen company or giving you the ability to sell it, later on, should the value of the company skyrocket.

But how exactly are you supposed to start investing in stocks or (as we’ll talk about in a little bit) funds? It’s actually much simpler than it seems! To start trading individual stocks, all you have to do is create an account with a brokerage. We’ll introduce a few high-quality brokerages that you can sign up with at the end of this section!

If you’re not looking to invest in stocks but diversify your portfolio immediately, you’ll want to consider investing your money into funds. Funds hedge against risk by diversifying your portfolio with a group of different securities rather than just purchasing one type of security. Of course, there are different types of funds to choose from, which will ultimately play a major role in your investing journey.

A few of the funds that you’ll come across include:

  • Exchange-Traded Funds (ETFs): ETFs consist of a number of securities that traditionally track the performance of a certain index. These types of funds are very easy to enter and are perfect for those who are just getting started on their investment journey. As it is with individual stocks, you can normally find these types of funds at the brokerages that we mention below.
  • Mutual Funds: Mutual funds consist of funds pooled together by investors and are managed professionally in order to help you get more out of strategy through the experience and analysis of a real individual rather than through a Robo-advisor. This option is a bit more expensive because of management fees but is still an excellent option for most traders.
  • Hedge Funds: Hedge funds are typically closed off to accredited investors as trading strategies in these funds can carry greater risk, something that is designed to help those with the capital grow their wealth more effectively. Hedge funds aren’t offered through normal brokerages, so you’ll have to turn to organizations like Bridgewater Associates, Man Group, AQR Capital Management, and BlackRock.

So, what brokerages are great for individual stocks or mutual funds and ETFs? If you’re ready to get started on these ideas, turn to reputable brokerages like Merrill, TD Ameritrade, or E-Trade. Once you’ve opened up an account, you’re ready to start picking the stocks or funds that make the most sense for your strategy!

7. Looking for Safe Starter Investments? Try These Out

Having more money doesn’t mean that you have to avoid investments with a lower yield. In fact, some of the more safe investment ideas allow you to hedge against risk, making it so that you’re protecting some of your money from more volatile options that could either grow your initial capital or put you in the red. Of course, what are some safer investment ideas that you may wish to consider adding to your portfolio? A few options to help you get started include:

  • Certificates of Deposit: Certificates of Deposit or CDs are loans given to a bank in return for interest on the money that you’ve invested. There are many different interest rates and term agreements out there, so it’s important that you do your research to see which options are a good fit for your needs and consider strategies like CD ladders so that you can get consistent returns from your efforts.
  • Bonds: Bonds, most commonly federal bonds, are loans that you give to governments in return for interest on the amount loaned. Corporate bonds are another option that offers similar benefits, with the exception being that a company is handling your money rather than the federal government. Bonds can be a way to grow your money over the course of 20 or 30 years, but it’s extremely important that you pay attention to interest rates as bonds can be detrimental to your strategy if they don’t account for the rate of inflation. One wrong investment and you may very well end up with less money than you started with when you first invested in your bonds!
  • Bills, Notes, TIPS: Bills, notes, and TIPS are all alternatives to bonds that you may wish to consider. Bills and notes appreciate much faster than bonds and TIPS are investments that adjust according to current inflation rates. Consider mixing things up by including these types of investments in your portfolio.
  • Preferred Stock: Preferred stock is a type of stock that gives you consistent dividend returns and puts you in a greater position than common stockholders. The only risk associated with these types of stock products is that, should the company go into the red and they can’t pay out, you’ll be missing out on the dividends that you should be receiving. Keep this in mind if you have your eyes on preferred stocks!
  • Precious Metals: Metals like gold, silver, and titanium have always been a great way to store your money in an item that doesn’t lose as much value over time. That being said, investing in precious metals can be tricky. Precious metals are less liquid than investments like stocks and are meant to act as a store of value more so than a traditional investment. Consult an expert in this field before you start adding any type of precious metals to your portfolio.

Risk is necessary if you wish to grow your wealth. However, too much risk can result in you losing a great deal of your money. Instead, hedge against risk by incorporating some of the above investments in your strategy. You will thank yourself later on!

8. Buy a House or Apartment Building That You Can Flip or Rent Out

Some types of investments are only available to those with more money to invest. Take, for example, real estate. While those with less money can tap into this market using REITs or crowdfunding, these investment opportunities aren’t always as lucrative or as safe as others advertise them to be. Once you start with $100,000 or more, however, investing in real estate becomes a much more realistic and attractive opportunity.

Even in states where the cost of living is much higher, $500,000 can go a long way in helping you buy a home that you can renovate and flip for a profit or rent out to those in the area who need a place to temporarily call their home. At the time of writing, homebuying is actually becoming a more realistic option for many individuals who are working remotely and navigating the COVID-19 pandemic. However, while we are most certainly currently in a renter’s market, don’t put renting out of your mind. With the right strategy, renting out a home can still be a lucrative opportunity if you choose the right location with a strong demand for rental housing.

With $500,000, you may even be able to apply for a loan to rent out your own apartment building. Apartment investing is often deemed to be more lucrative as there are far more units to rent out to individuals. This lends itself to several advantages that make apartment ownership better than homeownership, such as having a diverse portfolio right out the gate, access to consistent income (whereas losing a renter in a single-family home means losing your income until you’re able to find a new tenant), and less management to handle in one centralized location.

Of course, even with this much capital to spend, ownership and management isn’t something that everyone wants to deal with, especially if it takes up as much time as a full-time job would. Another alternative is to find a real estate syndication. Real estate syndications allow investors to pool funds together in order to invest in real estate property. In return for their funding, investors then gain income in the form of equity so that they can experience the benefits of real estate ownership without having to deal with any of the disadvantages like having to maintain these properties themselves.

Whatever calls out most to you, real estate is one of the best investments to make with your $500,000.

9. Invest in the Future With Options and Futures

There are certain financial instruments that receive little attention in the investing world. Take, for example, instruments like options and futures. These types of products give you the ability to take advantage of strategies like shorting the market. That said, their inherent risk also means that you can lose a great deal of money in the process (but with $500,000, a little experimentation here and there won’t put a huge dent in your overall portfolio).

Aptly named, options and futures are easy to understand once you have a better idea of how they function. Options are contracts that give you the ability (but not the obligation) to sell or buy a certain stock in the future. Once you sign this contract, you pay a premium and receive a strike price for that stock. Let’s imagine that you’ve placed a call option to purchase x amount of stock in three months’ time. If you signed the contract and the price has gone up in that time frame, you can buy that stock at the strike price, turn around, and make a profit. Should the market go against your analysis, however, you can pull out of the contract (but you will lose your premium).

Futures, on the other hand, are obligatory agreements, and you do have to follow through on the action that you agreed to when you signed your futures contract. These types of contracts are generally reserved for industries where individuals are purchasing commodities and anticipate the price going up. Should they purchase a futures contract, they can save money by agreeing to buy the goods they need at a much lower price. However, some investors will use futures to make money. For example, signing a Bitcoin futures contract may help investors profit off of buying Bitcoin once the price rises.

Options and futures are both risky, but if you take the time to understand how they work and have the analytical skills needed to predict certain movements in the stock market, they may just have a place in your portfolio.

LEAP options are the safest combinations of the bunch, you get leverage and time.

10. Start Your Own Business or Side Hustle

Businesses and side hustles are excellent investments because, when executed correctly, they can generate you a great deal of income. If you start a company, you can even let someone else run it and continue to reap the rewards of your initial investment long after you’ve put in the work to properly build it.

With that in mind, there are so many excellent business ideas out there that finding one that works for you can be a difficult process. Let’s take a look at a few considerations that can help you find the right business model as well as some examples to get you started.

  • How much are you willing to invest?: The more money you’re willing to invest in a business, the more options you have at your disposal. For example, starting a home-based business like launching your own blog takes little money to do and can be quite lucrative if you make a comprehensive business plan. On the other hand, choosing to invest more in your business allows you to unlock opportunities like franchises, which gives you the reputation and brand strength that you need to get started right out the gate. Set aside some time to figure out what your budget is and what that money can be used for.
  • What are your current skill sets?: Different business models will require a different set of skills in order to run them effectively. For example, if you have extensive experience running a company, you can easily leverage these skills to build a business in very little time without having to enlist the help of others. If, however, you may have hyper-specific skills like coding or marketing that can help you start your own freelance business or develop a product or service that you can package and sell through a startup. If you’re having trouble coming up with the right business idea, taking a closer look at your skill sets can go a long way in helping you find the right opportunity.
  • What are you passionate about or interested in?: Starting with your passions and interests and developing a roadmap from there can be one great way to find your ideal business model with ease. Once you’ve identified your passions, it’s just a matter of figuring out how you can turn that into a product or service and convince people to pay you for it.
  • How much time do you have to dedicate to your business?: The amount of time that you can dedicate to your desired business model plays a major role in what choices you have. If you’re not looking to spend too much time on your endeavors, finding a side hustle like taking on minor projects for others may be a better option than starting your own brick-and-mortar business location.

These considerations are extremely helpful in allowing you to explore your options, but you first need ideas to provide you with the right direction or inspiration.

11. Lend Money to Businesses and Individuals

Having more money to invest lends itself to a wide variety of benefits. For example, with more capital at your disposal, you can easily lend a significant amount to an individual or organization and earn returns in the form of interest payments made on the loan agreement.

Lending to individuals can be an excellent activity to participate in as the interest rates can be higher than other loan alternatives, but it does come with risk. Generally, individuals who are looking for peer-to-peer lending opportunities may not be able to gain access to loans through traditional means, which may mean that they’re a higher-risk borrower that could potentially refuse to pay back their debt. However, many platforms will allow you to filter through borrowers and find the amount of risk you’re most comfortable taking on. Some peer-to-peer lending platforms you may want to look into include LendingClub, Upstart, and Prosper.

Meanwhile, investing in startups allows you to earn money by funding businesses and receiving equity in return for your money. Once the business becomes profitable, you are then entitled to some of the profits that it generates. With the right investment strategy, you’re looking at a great portfolio of profitable businesses that you earn from. If this is something that’s more appealing to you, you can look into platforms like SeedInvest, CircleUp, and AngelList.

Regardless of which path you choose, do your due diligence to understand the risk and rewards of lending and some of the lessons that other investors have learned along the way!

12. Invest in Cryptocurrency and Blockchain

It’s hard to write about investing without touching upon cryptocurrency and for good reason. Cryptocurrencies have become a viable investment opportunity and they’re available to anyone who wants to start investing in decentralized finance.

Arguably the most well-known cryptocurrency is Bitcoin. Bitcoin is a decentralized cryptocurrency that operates on something known as the blockchain. Rather than requiring you to store your money in a bank account, Bitcoin is held on software known as wallets. Every user who holds Bitcoin has full control over how their money is spent and transferred, which means that no one can suddenly close your wallet without your permission. Additionally, every transaction is recorded and this data cannot be altered, meaning that you can see every transaction that has ever taken place in the network. This semi-anonymity and decentralized model is what made Bitcoin so popular and worth what it is today.

Of course, there are a host of other assets as well. Ethereum, Litecoin, and Dogecoin are just a few other cryptocurrencies that you may be familiar with. Along with the main assets dominating the market, there are thousands of existing and emerging assets that may hold a fair share of potential as well, which can result in a positive investment experience should the value of that coin go up over time.

Investing in Bitcoin and other cryptocurrencies can be just as devastating as it is rewarding, but if you’re ready to dive in and see what makes these assets so popular, you can begin by turning to crypto exchanges like Coinbase, Kraken, Gemini, and Binance.

13. Take Advantage of Tax Breaks While Donating Your Money to a Good Cause

Part of your investment journey is seeking ways to not only build your wealth but preserve it too. One of the best suggestions to help you preserve your wealth while doing good for your community and the world around you is to make charitable donations. Charitable donations fund the organizations that seek to do better for others, but they also come with generous tax breaks should you play your cards right. In some cases, you can actually donate securities like stocks to organizations as well. Speak to your financial advisor to learn more about how donating can benefit you as well and how you may be able to donate effectively now and in the future.

14. Don’t Just Flip or Sell Property, But Items or Space as Well

Real estate is one way to make money by flipping or renting items. But the fact is that you can take this same principle and apply it to nearly anything. Say, for example, that you have a deep passion for vintage fashion. With $500,000 at your disposal, you may be able to shop around estate sales or online, find bargain prices for high fashion, and turn around and sell those items for their true value to make a profit. Flipping may be an activity that is generally recommended for those who need a business idea that costs little to start, but flipping can be a very lucrative business idea as well, especially if you have the funds needed to launch, supply, and market your new business endeavor.

That being said, you don’t have to always buy things with the intent to sell them. Sometimes, owning items or space with the intention of renting them out instead. As we discussed in our other guide, 50 Home-Based Business Ideas to Start Making Money, there are a number of items and space-related items you can rent out for cash. If you have enough demand, this means continuous passive income. Some ideas to help you get started include:

  • Help campers find the perfect place to camp by listing your land on a platform like HomeCamper.
  • Rent out your home or additional space in your home via apps like Airbnb or VRBO.
  • RVs are a great way to venture into the great outdoors, but many people will buy them, only to leave them sitting in the driveway. Fortunately, you can give your RV the use it’s looking for through apps like RVshare or Outdoorsy.
  • An extra car can be great to have access to unless it’s collecting dust. Rent it to those in need of a vehicle using Turo or getaround.
  • You can easily rent out extra spaces for vehicles like parking spaces, curb spaces, or even driveways using platforms like CurbFlip.
  • Help those looking to access their local lake make their dreams come true by renting out your boat through Boatsetter.
  • Provide people with space in your house for events like modeling shoots or gatherings through Peerspace.
  • If you’re not looking to have anyone occupy the unused space in your home, you could instead rent it out for extra storage space using StoreAtMyHouse.
  • Twisted Road and Riders Share help people find bikers who rarely use their motorcycles and allows them to rent these vehicles.
  • If you don’t have an extra motorcycle lying around but you do have some bikes that have not seen the light of day in a while, you can rent out your unused bicycles to others through services like Spinlister.
  • KitSplit and ShareGrid make it possible to rent or even sell cameras and film equipment. If you have any equipment that is in good condition and want to make some regular income, consider renting out these items to others.
  • Through platforms like BabyQuip, you can rent out and deliver your unused baby gear to parents who may have forgotten some of their essential baby goods while they’re out of town or on vacation. 
  • Many unused clothing items can be thrown away or donated. However, some higher-end fashion choices cost a lot of money to buy, and you may not be willing to simply give designer clothes away. Instead, you can turn to StyleLend to let someone else wear these outfits and make a little extra money along the way.
  • Rent out instruments, recording equipment, and other musical tools to interested users on Fretish.

Renting is always a bit of a gamble as you’re not sure whether or not people will want to rent those items or if there’s truly a demand in your local area. Set aside some time to test out the platforms that interest you most to see whether or not this is something you wish to pursue down the road.

15. Look More Closely at Alternative Investments Like Precious Metals, Wine, and Beyond

Many of the safe investment options or traditional investments like stock are considered to be mainstream as they involve fewer risks and are regulated by the SEC. However, there exist numerous investment opportunities that fall outside of these investments that can help you diversify your portfolio and grow your wealth. Some alternative investment ideas that you may be interested in include:

  • Developing a portfolio of profitable wines through platforms like Vinovest
  • Investing in farmland through AcreTrader
  • Purchasing fine art or other collectibles
  • Buying private mortgages and tax liens
  • Investing in intellectual property rights or even music royalties through platforms like SongVest

Pretty much anything that falls outside of traditional investments is considered an alternative investment (which is why you’ll find so many concepts here). Dive deeper into alternative investment ideas and see if there are any that may appeal to you!

16. Create Your Own Passive Income Streams

Income can vary wildly from person to person and from opportunity to opportunity. For example, receiving small amounts of interest on your savings is considered passive income but getting massive equity payments from real estate investing is passive as well. The scope of income that you can earn through passive income opportunities can range from minor to massive. In this section, we want to talk about passive income streams that may require a bit more upfront work but could pay off quite substantially over time.

Some passive income streams only require capital to get them going. Others require time and effort. In regards to the latter, there are plenty of great ways to develop a product that sells time and time again. Once these products are set up, it’s just a matter of marketing them and using the sales to further invest in your endeavors or help you with monthly expenses.

But what types of products can you sell passively? Here are a few ideas.

  • Writing and self-publishing your own e-book through a platform like Amazon Kindle Direct Publishing
  • Creating and promoting your own online course
  • Filming videos for YouTube and growing your list of subscribers
  • Creating designs and selling them on a print-on-demand platform like Zazzle, RedBubble, or Spreadshirt
  • Writing and promoting your own music

These types of passive investment ideas may require a bit more of your time, but if you play your cards right and develop a strong brand that stands out from the crowd, each of these ideas can continue to pay you regularly once you have enough people coming in to buy your products. Additionally, all of these ideas can be done from the comfort of your own home!

17. Look for Unique Ways to Spend Your Money That Fall Outside of General Recommendations

The more money you have, the more creative you can get with it. Outside of illegal activities, there are so many ways for you to spend your money in order to make more, and the only limit is your imagination. Take, for example, people who play video games and earn money doing the very thing that they love. One stellar example of someone who was able to invest in gaming and profit handsomely is Anshe Chung. Anshe Chung made a million dollars investing and flipping real estate in an MMORPG known as Second Life. Of course, not all MMORPGs or games are profitable, but this is just an example of ways you can get creative with your money. With games like World of Warcraft or blockchain games that are still relatively new and allow you to sell in-game products for money, the potential is still there.

Set aside some time to jot down a few creative ideas and see how you can profit off a system or opportunity that others may not have tapped into yet!

18. Take a Much Needed Vacation From Your Fast-Paced Lifestyle

Do you work hard? Do you feel like you’re burning out and in need of a break? Take one! Burnout is a very real problem and few people do what they need to break away and reinvigorate themselves. Use some of your $500,000 to plan the perfect getaway and disconnect from work and other major sources of stress. While this may seem like it’s not a great use of your money, you’ll see the value reflected in your decision when you return to the daily grind and see an improvement in energy, engagement, and mood.

What Are You Waiting for? Start Investing Now!

$500,000 is a lot of money, and this number may make it harder for investors to figure out what they should be doing with their money in order to plan for the future. If you’re struggling to understand your options or simply don’t know where to begin, use the guide above to see what others with your level of investment capital are doing and how you can create a portfolio tailored specifically to your needs!

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