What to do with a large fee?

[Account Closed]

Hi everyone, I have worked very hard and I may create a large profit for myself from real estate investing through JVing large multi-family portfolios. I may suddenly make 6-7 figures in a short period of time. This is good news. I have great ideas for when the money materializes in my bank account. I definitely must tithe 10% of it and then think about paying off any bad debt my wife and I still have (its not much). I know I have to think about taxes too. I’d like to reinvest most of it into my own real estate business. I’d like to be hands off and make a great monthly income. Im really after not working (Im a teacher full time) and enjoying slow time w my wife and kid. I want to be smart with the money. I could hire a fiduciary financial planner. This post isn’t meant to brag by any means. I’m new to real estate and learning all I can and working my *** off. I just believe that working so hard for this money should have a happy ending. It helps to know what to do with profit once it’s made. Or I could blow it all on stuff.... Any “unofficial advice” out there. I realize many of you are not attorneys or tax experts - so no need to preface your comments with that - unless you think it helps.

[Charlie MacPherson]

@Account Closed  Have you considered adopting a 62 year old real estate agent?  I won't eat much.  Promise!  :-)