- Set aside money to pay taxes FIRST.
- Invest in mostly conservative instruments, as if you were a retiree.
- Keep a small position in risky stuff to capture some growth and get it out of your system.
- Diversify
- Keep quiet about it, don't get talked into crazy investment schemes. Think "old money" rather than "new money."
- Treat yourself a bit, recognize when you've hit "enough." i.e. more doesn't bring happiness. The number is lower than most realize.
- Remember mom, and others instrumental in your success. Everyone else can apply to your scholarship foundation, haha.
If your expenses are "reasonable" you could live off interest/dividends for the rest of your life. Donating time and charity to whatever causes you see fit.