If your salary instantly doubled, tripled, quadrupled, etc, what would you do with the extra money?

Hookers and blow

You can't tell the guy is serious and here you re acting stupid, respect the guys thread dummy, ok?

About the thread, invest in property buy what you can in acres, can't go wrong if done right. yes just like a monopoly game.

Take a small example, take a tip from me

Take all of your money, give it all to charity.

Live your life and don't focus on money beyond ensuring you have enough to pay the bills and retire as planned, etc.

Focus on other things.

Into a brokerage

I'm going to assume you don't have kids otherwise this wouldn't be a question. The answer is to keep saving, and look for efficient ways to buy things which increase your quality of life, while continuing to build your nest egg.

Make sure you are taking 1-2 good vacations a year, preferably out of the country.

Given you are likely single, go on more dates (if you are married or in a relationship, this is also a good idea).

Buy higher quality food. In my case, that would be more fish and steak and specialty cheeses.

Continue investing and look to be able to retire early. One day you will hopefully have kids and there are infinite ways to spend time and money on them.

This. Something like Vanguard Total Stock Market Index or Vanguard Total World Stock.

Either a troll or the OP is naive about the real world. I’ll go with the latter given he’s a grad student and has yet to have any real world experience. The real world is not a coddled grad student teaching assistant.

Jim Cramer's Lightning Round is the best place for investment advice.

Having experienced this, it's fun for about three months. Then your needs expand to match your income.

You should do NOTHING! Lifestyle inflation is the biggest pitfall people in the US trip into. As long as your apartment isn't in some crap area or you aren't planning to get a house, you should continue your current lifestyle with minor upgrades here and there.

I also choose hookers and blow.

Throw it in VTI and knock years off my retirement goals.

If I had a large increase in pay, I would do the following in order:

1) max out my IRA contributions

2) Start a vacation fund (a separate bank account I put money into each month for vacations) and increase the amount as incone increases

3) any remainder would be a 50/50 split between paying off the mortgage principal and investing in an S&P 500 mutual fund.

keep life simple. give more money away than you'd like to. find God. you won't regret it

That's because you are a follower.

I quit worrying so much about going broke, which was nice. (Still worry, but it's a much more remote proposition.)

Keep saving and investing so that you can retire earlier and/or take a sabbatical.

Spend some money on things you find enjoyable, without worrying about it.

Give more to charity because it's the right thing to do and because you can. I guarantee that if the money you earn just changes the degree to which you're living comfortably, any money you donate will make a much more dramatic difference in the lives of the needy.

But still keep an eye on a budget; lifestyle inflation is a real thing and can become a trap.

I'm in my 30s and have been working in the real world for about 12 years.