What should we do after earning tens of millions?

Two Fridays ago, I heard that a former colleague from Pinduoduo won 7 million yuan in the lottery and quit immediately. Coincidentally, last Friday, another former colleague from Tencent posted about quitting after making 20 million yuan.

These stories really hit a nerve with the working class. After all, it's hard not to feel envious when tales of overnight riches happen to people around you.

We'll talk about how to make tens of millions at the end of the article.

As someone who's been there, I'd rather discuss what to do after making tens of millions.

Sudden wealth brings many important life decisions. Here are some thoughts for reference.

1. Protect your gains.

This is undoubtedly the most important. Over the years, I've seen many people make millions or even tens of millions, only to lose it all.

Money made by luck is often lost by skill.

It's crucial to cash out in time.

2. Stay calm and don't act impulsively.

Don't get carried away! Take your time to think things through.

3. Should you quit your job?

This depends on your current job. If you're at a big tech company with a decent salary, I'd advise against quitting.

If I could go back to 2020, I'd stay at the big company and keep grinding, though I wouldn't stop investing either.

After quitting, I faced a bear market and significant losses, which made me cautious in this bull run.

A stable income gives you the confidence to invest boldly.

Moreover, social recognition often comes from your job title. Freelancing isn't always respected.

Lastly, not working can lead to a loss of purpose and routine. It's hard to find friends to hang out with on weekdays, and being alone can lead to emptiness or even depression.

You need something to keep you busy.

For example, I maintain a regular writing schedule and have a community of friends.

4. Should you buy a house?

This depends on the city. In second- or third-tier cities, 3-4 million yuan can buy a nice place, even in the city center.

In first-tier cities, tens of millions still don't go far.

Suburban new builds cost over 7 million, while older urban properties range from 3-6 million. Decent urban homes start at 8 million.

If you can afford it without compromising your lifestyle, it might be worth considering.

Last time we discussed buying was early 2024, when I advised everyone to Wait a Little Longer.

Now might be a good time, as prices are relatively low.

But if buying a house and quitting would leave you with little savings, it's not worth it.

Real estate isn't a great investment anymore. Rental yields rarely exceed 2%, and prices won't multiply like they used to.

Renting is often more cost-effective, as interest alone can cover the rent.

5. How to invest going forward

This depends on whether your success can be replicated.

While relying on past strategies can lead to dogma, sticking to what you know often works best.

For example, if you made a fortune on a ten-bagger, look for the next one.

But if you made big gains through high leverage, I'd recommend switching to a more stable approach.

After all, you can't walk by the river without getting wet.

6. Should you upgrade your lifestyle?

It's okay to indulge a little. Try things you couldn't afford before.

But you might find that many experiences aren't as great as you imagined.

That's how I feel—maybe it's a case of "a pig can't appreciate fine grains," or maybe the magic fades once you own something. After all, the best way to demystify something is to own it.

7. Should you tell family or relatives?

Of course not! Sudden wealth breeds envy.

It also avoids endless requests for loans and the guilt-tripping if you say no.

Next time, we'll talk about how to make tens of millions. Follow me so you don't miss it. $MIXUE GROUP(02097.HK) $Alibaba(BABA.US) $NVIDIA(NVDA.US)