Optimal Finance Daily - Financial Independence and Money Advice 3182: 9 Things We Would Do if We Won a Million Dollars Tomorrow by Julien and Kiersten Saunders of Rich and Regular
Jun 18, 2025
Julien and Kiersten outline their savvy plans for a million-dollar windfall, emphasizing a mix of strategic investing and community support. They advocate for pre-paying bills to alleviate financial stress and suggest thoughtful charitable contributions alongside personal upgrades. Their approach balances dreams with practicality, urging listeners to prioritize long-term financial goals over impulsive splurges. Ultimately, it's about planting seeds for the future while uplifting others along the way.
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Quitting Job After Windfall
- Julien and Kiersten Saunders would have Kiersten quit her job after winning a million dollars.
- They would work on their blog at their own pace, taking mini-retirements as they pleased.
Use Index Funds as Bridge
- Invest $350,000 in low-cost index funds like Vanguard's VTSAX for accessible growth.
- Use a taxable brokerage account as a bridge fund for withdrawal before retirement age.
Prepay Bills for Peace
- Prepay one year's bills to remove financial stress and focus on business growth.
- Cover utilities, mortgage, HOA, food, and incidental expenses to create security and freedom.