$170,000 company stock
Hello friends,
My (F32) significant other (M30) and myself both grew up very low income. His family completely ignorant of credit, savings or income. My family as immigrants who were careful, but uneducated on the system. I’m talking “Don’t keep money in a savings account because the government will tax you for it at the end of the year” uneducated.
I’ve worked my ass off at a company and they finally went public. I was awarded a total of $170,000. Today $67,000 of it is vested and I can do with it what I wish, but I must stay until 2029 to get 100% of it. There are going to be small amounts periodically released between now and then.
Anyway — the whole keeping money out of a savings account thing will probably not do me well.
I have goals/plans. But also, I’m bad with money.
I’ve paid off all my debt twice and keep getting into it again for no real reason. I’ve built up almost $10k in savings and then dwindled it down to $2k.
I spend money. It’s really embarrassing and debilitating.
That being said, I do have a few things I actually want to do with this money.
I want to spend about $15k renovating my condo. These are renovations I’ve wanted to do for a while and, from what I understand, some improvements may also have tax benefits.
The rest I want to be smart with.
I’m genuinely open to anything opinions, thoughts, resources, books, personal experiences, stories from people who suddenly came into money, mistakes you made, things you wish you had done differently what would you do?