What to do with $2M?

A young entrepreneur in his mid-20s just emailed me asking for some advice.

He just sold a business and ended up with a couple million in liquid cash. He wanted to know if he should invest it, use it to build a new company, or do something else with it.

My advice wasn't what he was expecting.

I just said don't lose it. Do nothing with it. Put it in the bank. Something safe, earning a little, but not too much that it's at risk.

Money doesn't need to work. It can rest. Leave it be. You're 26 — you can get back to work.

A couple million liquid cash is a huge haul. Maintain! Don't lose. Always have that. And add more to that safe pile as you go. That's yours now. Keep it that way.

-Jason