If I were to suddenly receive a windfall like that, my approach would depend on my financial goals, risk tolerance, and current circumstances. I might allocate a portion to savings or investments for long-term growth, diversifying across assets like Bitcoin or stocks. Additionally, I'd consider using some funds for experiences or enjoyment, such as travel or personal development. It's important to balance prudence with seizing opportunities and enjoying life, so I would likely create a well-thought-out plan to make the most of the unexpected wealth.
Now, this is a good idea. Start out by developing a plan that has potentially investment components and also consumption components and then figure out how much is going to go towards each broad category and then thereafter narrow it down to more narrow ideas within each of the categories.. .. that sounds good.. ... part investment and part consumption, and how you divide up the investment versus consumption would depend in part upon how far you already are in your investment journey..
I buy this idea, firstly having a set plans and following through, using scale of preference, of which you start from the most prioritize one which for me is building a solid bitcoin portfolio first because I haven't accumulated much neither have I tried enough in respect to my bitcoin investment after that I can diversify after calculating certain percentage that would be allocated from my finances monthly into Real Estate, buying of shares, and also owning a physical business.
Over the years I found out that the wealthy keep growing, and maintaining there wealth which is as a result of prioritizing growth, personal development over self-pleasure. The reason some are still stuck is because they are blind to recognize opportunities and make good use of it, they feel the right time is not now or they will need to have $1m before they think of something which I reality is far from the truth. Life is funny because it won't present opportunities the way you want it, everyone wants to live a happy lif but just few understand the system, I would invest the $50K, its worth it, because I know this $50k can worth $150k or more overtime than eating snacks, pizzas, going on vacation that I would spend instead of gaining especially in this my growth stage. Common on that's will be a mess. Am not saying doing all this is bad, but with proper planning you will know how to go about it,don't give room for Mediocrity.
In as much as everyone is entitled to there opinion, decisions likewise everyone will enjoy the dividend of there action.
Surely you seem to be justifying the deferred gratification idea, which also seems to imply a kind of situation in which you already have a system in place in which you are sufficiently gratified, so when you receive an additional $50k by surprise, you are able to pretty much dedicate all of it towards investing rather than consumption, since presumptively you are suggesting that you already have your consumption systems in place...
Even having had said all of that, I cannot really blame guys who want to dedicate a certain percent of the new value to consumption, but yeah, since the value is a surprise amount, it is difficult to consider that it would be necessary to dedicate very high amounts of that new surprise value to consumption rather than to investing... and perhaps one of the ONLY exceptions would be if your investment situation is already in a very strong place, so then when the $50k comes in, you do not feel any need to add it to your investment, since you already have a very strong investment situation.. ..so then in that kind of a situation, you end up allocating more of that $50k towards the consumption side rather than towards the investment side..
So for example, if a guy had established an entry-level fuck you status of $2 million, yet he finds himself with around $10 million in value of his various investments (whether bitcoin or otherwise), so since he is around 5x higher than his goal, then he might already feel that he is overly invested, and so in that kind of a circumstance, he might end up putting most if all into the consumption side of the equation rather than in the investment side.
The numbers work the same if we were to consider $200k versus $1million.. in terms of whatever a guy might consider his own idea of entry-level fuck you status.