All I would really need is $1M liquid, and ensure my lifestyle doesn’t change much. Pay off my debts as well as my families. However, keep the mortage as the rate is low enough and the oppurtunity cost of throwing a lump sum of cash away at that would be foolish.
First, buy some land in rural MO for personal use as well as an investment.
Diversify the heck out of the rest, throw most of it at a moderate to high risk index fund (VOO), but also have some bonds, CDs, etc. in the mix.
I am only 25, so I am fine with the risks associated and the volatility of the market.
Have maybe $50k or so in cash, and just keep doing what I am already doing everyday as fortunately, my work is play.
Additionally, I don’t know anything about real estate so I wouldn’t allocate money there until I felt ready to do so.
We saw a distribution gap between manufacturers and online retailers like Amazon.
There are certain products which have a stupid high demand (ex: Speed Stick Deoderants) on Amazon, and there was money to be made buying said products from distirbutors at wholesale costs, prepping them, and retailing them on Amazon. (Commonly known as 3rd party sellers or Amazon FBA)