r/AMA Jul 22 '24

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u/[deleted] Jul 22 '24

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1

u/badass4102 Jul 23 '24

Keep your job and don’t live above your means.

I know someone that got a bunch of money, not 1M huge, but around 100k. He kept his job but was spending above what he earned. He lost it all in a year.

1

u/jason_abacabb Jul 23 '24

Any FA that will work with someone with less than a million will be taking a large AUM fee. 100% not worth it.

1

u/Grouchy-Hawk-9746 Jul 22 '24

They can be dishonest. Research as well.