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[QUOTE="sufandu, post: 1267189, member: 874"]
Yeah, it shouldn't be that hard for someone making his kind of money to be smart with investing.  The key is finding someone that is an experienced financial advisor that caters to a variety of people not just celebrities or athletes.  I'd want a guy that handles Bob Smith's 401K because if he can understand a normal middle class guy's risk while investing, he can make smart decisions with a millionaire's money.  Like you already said, establish a conservative budget and stick to it.  Combine that with a conservative investment strategy (no need to be aggressive with his income) and there's no reason to ever have any problems.

If middle class people can invest well enough to have a comfortable retirement on far less income, and that happens all of the time, it should be that much easier for someone in MCW's situation to do it.

I have a friend who's spouse died during surgery and received a multimillion dollar settlement from the hospital for negligence.  The first thing she did was contact Dave Ramsey about hiring a respected financial advisor.  By the way she and her family live, you'd never know she's a millionaire.  They're comfortable, but they buy used cars instead of new, take advantage of sales at the grocery store, and her husband still works a blue collar 40+hour/week job.  They don't live extravagantly, but they'll be set for life.
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