Hacker Cinema
The Gambler
1974 · Film · 112 min
Directed by Karel Reisz
New York City English professor Axel Freed outwardly seems like an upstanding citizen. But privately Freed is in the clutches of a severe gambling addiction that threatens to destroy him.
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1 comment on Hacker News
First of all, congrats. You are in a great situation, now you just have to manage it to allow you to live your life the way you want from here on out.
The very first thing I'd do is watch this video (it's a famous scene from the movie The Gambler). https://www.youtube.com/watch?v=rJjKP8vYjpQ
The basic idea is to establish your "position of 'Fuck You'". You basically have that already... house paid for, cars paid for, etc. Put enough of your money aside in conservative, safe, long-term investments that you'll never be hurting for money. Include things like your kids college tuition or whatever things are important to you. Once you have that, even if you blow the rest of the money on toys, sex, drugs, rock 'n roll, whatever, you always have the ability to say "fuck you" to anybody who hassles you.
Beyond that, you can decide if you want to try and grow your wealth by investing and actively managing your money. Maybe you would want to do some angel investing, who knows? Or maybe you want to engage in some philanthropy. You probably don't have enough money to get a hospital named after you, but you could buy uniforms for the local high-school band group, or donate to a local volunteer fire department, or any number of things.
Should you continue to work? It's up to you... my guess is that if you flat-out retire at your age you'll find yourself bored pretty quickly, but it depends on what kinds of things you choose to engage in. Maybe there are some hobbies that have been latent in the back of your mind, that you would enjoy, but you just never made time to take up. Spend some time exploring things. Think about what you enjoyed as a kid that you gave up as an adult, etc. Or maybe you want to spend some time volunteering - become a volunteer firefighter, or volunteer at an animal shelter, or a soup kitchen, or a homeless shelter or something.
Anyway, it's hard to give somebody else advice on this, because we all have different values and priorities. But I think the "position of fuck you" stuff is pretty universal. Lock that in, and what you do beyond that is up to you, while you always have that as your floor.