3. Put the Money in Perspective
After having your share of the fun, you need to put the newly acquired cash into a proper channel of investment.
Contrary to what people think, the amount is NOT your license to get rich. Consider the total amount of cash you are working with.
For instance, $500000 is not close to $5 million, which would be sufficient for people to retire comfortably with.
So, depending on your personal goals, age and levels of debt and savings, $500000 might not be enough to procure a safe retirement.