If you were to get $3 million USD dollars right now, would you drop your business/start up idea? $3million is not a lot now since a home is already average about $1 million and more in desirable cities. Would you take the $3million, live off interest and investments and travel or what ever you want to do or would you still start your business and toil for a business that may or may not be successful? What are some factors contributing to your decision?
You can retire in almost any city in the world with that amount. Probably I would just focus my time on investing that amount and on my personal life. I would live very very well with $30k/yr, so I would be able to reinvest most of the income. Also I could start planning to have children and I would give the best of everything to them. Once I multiply the money enough, perhaps setting a perpetual trust for future generations might not be a bad idea.