1. Get an attorney to make sure you don't get screwed in taxes or by some wanker trying to make a dime.
2. As you described it, I would say invest all of the money. If you're fine living humble, then use the money as security. With eight million you can pretty much comfortably. A low risk investment like a CD can provide you with roughly a 120K (@1.5% interest) salary.
3. Continue to work. But rest easy knowing that if you have a trash job, you can quit and find a new one without worrying about how you're going to provide.
4. Pay off everything.
5. Find a couple decent indulgences. Buy a Corvette or take the family on vacation. But don't go crazy. Spend 100k.
Lastly, I think being too comfortable makes people unhappy. Personally the times when I am most secure, are the times I am least happy. Take up rock climbing, skydiving, marathon running or anything that makes you uncomfortable (preferably without destroying yourself). It'll keep things in perspective. I rock climb, canyoneer and run Spartan races and those make me far happier than any amount of money I have earned thus far.
2. As you described it, I would say invest all of the money. If you're fine living humble, then use the money as security. With eight million you can pretty much comfortably. A low risk investment like a CD can provide you with roughly a 120K (@1.5% interest) salary.
3. Continue to work. But rest easy knowing that if you have a trash job, you can quit and find a new one without worrying about how you're going to provide.
4. Pay off everything.
5. Find a couple decent indulgences. Buy a Corvette or take the family on vacation. But don't go crazy. Spend 100k.
Lastly, I think being too comfortable makes people unhappy. Personally the times when I am most secure, are the times I am least happy. Take up rock climbing, skydiving, marathon running or anything that makes you uncomfortable (preferably without destroying yourself). It'll keep things in perspective. I rock climb, canyoneer and run Spartan races and those make me far happier than any amount of money I have earned thus far.