
11. Follow the 5% Rule
One of the best ways to make sure your money lasts is by following the 5% rule, which tells you that you need to invest all the money you receive or what you have after paying off your debt. From there, you’ll receive an annual return from the interest, which is something that you can use to put into your savings or checking account and treat it as income.
You might not think that 5% of your money is a lot, but if you receive $5 million, then your annual return is about $250,000, which is a lot more than most people have to live off of. Furthermore, following the 5% rule will make sure that your money is safe, and should, in theory, last for the rest of your life.