The not-so-bad problem of what to do with new money.
April 28, 2009 10:00 PM Subscribe
I'm about to see a huge increase in my income. What should I know?
posted by anonymous to work & money (26 answers total) 17 users marked this as a favorite
I've just landed a dream job, and as a result I'm going to see my household salary approximately quintuple (from around $50,000/year to starting at around $250,000/year) and with more large increases possible in the future. I've never had large amounts of money before and want to be aware of what changes I'm about to experience (besides the obvious: now I can buy more things).
I'm not looking for specific investing advice. I'm more interested in general advice and insights, particularly from anyone who has ever experienced something like this. What did you wish you knew when the money started to roll in? What did you do wrong? What did you do right?