Making $100,000 USD per month?

Posted on by Chris Taylor
  • You should probably try to get a more holistic plan than just planning for investing the assets you have now. You are essentially running a business, and the optimal planning to handle that (including liability and tax concerns) could be beyond the scope of a normal financial planner.How Far a $100,000 Salary Goes in America's 50 Largest Cities

    – Spehro ‘speff’ Pefhany

    Commented Sep 5, 2016 at 12:35

  • 32
    Above all, give to the poor and needy. You will have much greater “satisfaction” adding the title “Philanthropist” to your name than anything else you can achieve.

    – Michael Yaeger

    Commented Sep 5, 2016 at 13:54

  • 74
    I’d disagree with the “above all”. Sure, a windfall like this is nice, but they tend to be unreliable. Therefore, the first priority is to make sure you don’t become one of those poor and needy yourself. And certainly in the USA, there are many ways in which that could happen. Exactly which risks you run we can’t tell, you’ll have to make that list yourself. Then, decide which of those risks can be mitigated with money.

    – MSalters

    Commented Sep 5, 2016 at 15:15

  • 10
    You’ve asked what to do with your money, but you’ve never stated what you want. It seems (maybe fairly) that the other answers are assuming you want to M̲A̲K̲E̲ ̲Y̲O̲U̲R̲ ̲M̲O̲N̲E̲Y̲ ̲W̲O̲R̲K̲ ̲F̲O̲R̲ ̲Y̲O̲U̲™̲. However, judging from the rest of your post, you don’t really have a need for more money. You seem like you’re really doing what you’re good at and haven’t undergone lifestyle inflation, and already make more than you know what to do with. Do you really want to spend any time at all increasing your income above $100K/month? I hate to turn the question back around on you, but someon

    – user1717828

    Commented Sep 5, 2016 at 19:16

  • 8
    Note that the ‘zero tax-planning’ comment sets off a few alarm bells; in many countries if you are self-employed you need to pay estimated taxes on a regular basis (in the US for example it’s quarterly irs.gov/individuals/self-employed). Beyond that like everyone here has said, pay someone to help you!

    – Adam Martin

    Commented Sep 6, 2016 at 0:28

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