You Received a Windfall: Now What? [The Best Interest] – “Your definition of a windfall will differ from mine. Some people consider $1000 to be a windfall. Others wouldn’t flinch at receiving $100,000. It’s in the eye of the beholder.
To me, a windfall fits one of these two loose definitions:
Enough money to make you suddenly anxious. Usually, that means either 1) more money than you’ve ever been around and/or 2) enough money that you can’t stop thinking, “Don’t screw this up!”“
Enough money to meaningfully change the timelines of your financial plan. The kind of sudden money that dictates, “Oh – I think we can retire years earlier than expected now,” or perhaps something like, “Can we actually buy our dream house now?” It’s that kind of money.”