Making the Most of a Windfall: How to Manage a Millionaire’s Dream Come True

A stable monthly income of over 25 million VND, a family of four, and two pieces of land in Binh Duong – these are the circumstances that led a person to seek advice on managing their recent compensation. The compensation, worth 11-12 billion VND, was received from the sale of one hectare of land that was being prepared for planning. The couple, who work for a company and have never done business before, were unsure how to make a profit with the money other than depositing it in the bank to earn interest.

To help them make informed decisions, they turned to a financial consultant. The consultant advised that the first step is to invest smartly and allocate the money wisely in order to achieve financial goals. With their solid base of stable income and substantial wealth, investing in various asset classes such as real estate, stocks, bonds, and fund certificates can be an option.

In the first case where the family receives 11-12 billion VND from selling their land for planning purposes, investing 50% in rental investment real estate could be recommended. Additionally, residential land with good growth potential in the future could also be considered as another investment option. The remaining 20% should be reserved for reserve funds and highly liquid assets.

However, if they receive an amount of 11-12 billion VND due to increased value of their land from planning purposes, waiting another 1-3 years before making any decisions is advisable. This time allows for thorough research on the real estate market development in Binh Duong area before making any decisions on potential price increases or investments.

The financial consultant emphasized that personal financial planning can be complex but with proper understanding and planning goals can be achieved successfully. They also reminded that investing always comes with risks so seeking advice from experienced professionals is crucial to minimize these risks while maximizing returns.

In conclusion, managing large sums of money requires careful consideration and expert advice. By consulting with a professional financial advisor who has experience working with individuals like this family will help ensure that their wealth remains secure while achieving their long term financial goals.