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What Should You Do When You Start Making More Money?

Money Guy Show

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SG's Question: Is There a Risk Tolerance?

If your spouse has a $4 million net worth and you guys have worked through the exercise to determine that is financial independence, you've satisfied for that. So then the question becomes what's the why behind the dollars? Do I just want to see how big I can make it? Do I want to go buy more things? Okay, spend it. Or do I want to leave a legacy for children or do Iwant to do charitable work ? You cannot define the best utilization of those dollars until you know what the why is.

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