Listen to me very carefully. First thing first, if you can, conceal your newly found wealth and your connections to such wealth as best as you can. Human nature is such that people will get jealous, enviously and/or both especially from those who are the closest to you who knows you and/or have access to your time. The next 72 hours will be critical to whether you can sail to the sunset or not. You will need every second of that. Don’t act any different just yet especially do not change your address, phone number or anything else that would give away that something is up with you in the eyes of your close ones. We are in the age of AI where many things can be resolved on your own without disclosing much information to others and especially not in an integrated manner where your motivations, movements and current situation can be decoded and translated into a coherent true story. In the Western world where there are rules and personal freedoms and rights, privacy itself is typically not difficult to obtain. To ensure your name and associated information are not disclosed to the public, it usually takes filling out form(s) to obtain an anonymity and if private information are necessary to be provided, you could always appeal through various legally compliant processes.
It does take time and money to obtain sometimes which I think in this case it likely will be worth it if the amount is reasonable, which usually are. Regardless the process time, starting the process sooner is usually better than later. Make sure you take care everything by yourself. You shouldn’t really need anyone’s help to get your own privacy in order. For cash or cash equivalent related assets, make sure you store these with the top three US-based financial institutions and/or asset management firms by asset under management (AUM) size. They will likely allow you to choose how you would like to allocate your funds. For large sums of cash in the millions, you probably don’t want these to be put into bank accounts as they will not offer FDIC protections of $250K is per depositor per the entire bank regardless of how many accounts are opened or how many branches of the same bank these amounts are allocated to. To keep up with inflation, putting these into financial institutions that allow investment accounts like the Roth IRA offering certain tax advantages are probably the way to go if legally compliant to do so. For non-cash related assets, the wisest thing to do if you are not in the investment or that particular assets’ space, it’s probably to sell it. But before you do, make sure you have enough FU money to not sell it if the price is not right based on your extensive research. I recommend to safeguard the cash and cash equivalents first then manage the non-cash related assets. That way, you won’t be in such a hurry to sell everything and take huge, probably unreasonable haircut. Remember, however legally you obtained those assets, the assets have an intrinsic value that someone/some organization probably worked hard to create. Just because you now own it with relative easy, does not mean it was obtained or created in ease by the original owner(s).
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Here is what I wrote previously on this and similar topic(s).
“I am going to provide a piece of strategy that very few people in the history of this world likely will ever be able to verify. When you have multiple degrees from top ten global universities, worked for nearly 100 Fortune 500 companies in one capacity or another, have numerous professional certificates and licenses, have leadership experience, an internationalist who have seen it all, you rarely have to prove to anyone at all your abilities. For the regular person, it’s all about managing expectation of everyone around you. What is important here is, keep in mind, you will likely only work for around 40 years in your life. This sounds a lot but it really isn’t. Make sure you always have FU money to say no to things that will not be advantageous to you. I think the easiest way to accumulate savings for a regular employee is not through savings in the traditional sense, it’s actually through 401K. Many employers will match a percentage of employee contributions and there are quite a bit of tax benefit with contributions for the contributing employee. In today’s day and age, jumping around a bit is one of the best ways to get career advancement if you are good at controlling the length of employment just long enough to not be considered a job hopper and not long enough to be considered an overstayer. In this day and age, an employment length of six months or a year is not that frowned upon anymore if you have a good reason for it and you don’t do this for every single job. Most people escape bad managers or dead-end jobs but obviously that is not what many future potential employers want to hear.
Most people don’t get rich from working for other people. Some people will point to the highest paying major professionals like doctors And to say medical doctors are rich. While doctors on average make a great salary on average at around $400K a year, most doctors also have to go through 10+ years of post high school education and become doctors if they qualify after meeting various rigorous criteria in their 30s. Most doctors also have 300K or more in debt before they even become doctors. If one were able to work the approximate ten years during or after college and save that money in a 401(k), just based on market appreciation, an annual total 20K contribution (including contribution from the employer) at average calculated market growth of around 10% growth in 15 years will be $600K+. It also comes with tax advantages which I will not discuss at this time. An HSA for those who qualify in addition to a 401(k) for those who qualify could potentially be even more tax advantaged. Anyway, by the time the doctor pays off his or her debt, the non-doctor already has likely $600K+ in retirement account savings than the doctor has. Because there is a limit in tax advantages 401(k) annual contributions by a person while working for an employer, the doctor can not simply catch-up in 401(k) savings the regular way (unless we are talking about catch-ups exceptions at certain age) by throwing money at it. What this means is even if the non-doctor does not contribute anymore to a 401(k) plan after they saved $600K+ in 401(k) their money will grow to at least a few millions after 30 years more than enough to live comfortably in retirement. Ultimately, neither of these above methods will help one get truly do whatever you want wealthy.”