re: If you had 500K cash...what would you do with it?

I would buy a modest house in Louisiana and some property in the upper midwest for retirement/summer place

Pay off all outstanding debt (house, student loans, car note), go on a very nice vacation, put some aside for daughter's education and future wedding, invest the rest.

Put it in a high yield savings account until I find a house I want and use it for a down payment.

Pay off SBA and mortgage, do some minor improvements around the house, invest the rest in a money market account and forget about it until rates drop below ~3.5%.

I would spend the majority of it on wine, women and gambling…. The rest of it i would waste .

Lump it in with the rest of my investments.

Build a house.

I’m close to having the income stream and investments/savings I need to retire. I’d put 200k in High Yield savings, 1/4th in S&P, 1/4th in bitcoin and go ahead and retire. I’d use the remaining 50k to renovate my kitchen and have the house painted inside and out.

I think about this a lot. I don't have 500k, but I do have a good bit of extra cash. Assuming tomorrow I got a windfall and got it to 500k, I would probably sell my current house to turn that 500k into 650k-700k.

From there I'd buy a property with a stream running through it somewhere north of Covington and south of McComb. The rest I would put as a down payment on a house uptown.

I would save about 50k for emergency reasons. In this scenario I would be almost cash poor, but I'd also be bills poor and that's more important to me. I'd obviously keep working, it would take 6 or 7 years to rebuild the initial cash which at that point could turn into building a retirement home on my property or paying the uptown house off.

In that scenario, nothing would change about my 401k contributions or anything like that so a modest retirement would continue to be built.

In ten years the uptown house would be paid off, in 15 the kid would be off in college. I would then have assets in the low millions range, a large 401k and IRA, no bills and infinite time. I'd do whatever the heck I wanted at this point.

I've posted all this because I need to know, is this a stupid idea?