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What to Do When You Have a Surplus of Cash (and Little to No Debt)

You’d be surprised to learn how many people become rich and then blow it just as quickly as they received it. Maybe they hit the lottery, started a lucrative business, or even worked hard to dig themselves out of debt and into a financially secure position. Yet, once they’ve accomplished those goals and actually start developing a surplus of cash, they fail to understand what to do next.

…Consequently, they mismanage their funds, miss out on opportunities, and end up back in the poor house. 

Related: What to Do With $100k (When Everything is Overpriced!!)

smart rules - healthy financial mindsetWhat to Do When You Have a Surplus of Cash?

What person doesn’t want to be rich?

Who wouldn’t want to have the financial means to purchase anything they want or need?

Some people work for decades to reach a high level of success but quickly fall from grace due to lack of knowledge and poor financial habits.

If you want to prevent going down the same path, it’s essential that you consider what to do once you make it to the top. Below are some solid suggestions to consider. 

Related: What is the Interest on 1 Million Dollars? (Is It Enough to Retire??)

Create A Budget

Budgets aren’t just for people that are struggling financially. They’re essential tools to help individuals from all earning classes to monitor and manage their everyday spending. In other words, if you think you’re rich…but you’re spending more than you make each month, then you may soon become poor again.

An accurate budget helps you to see where your money is going and how to make improvements to maximize your income. So, even as your annual salary increases, you should still stick to a budget. 

Related: What Is a Reverse Budget? (And Do You Need One?)

Have a surplus of cash? Here's what you can do. Save, Save, Save

It may be true that you can’t take the money with you, but impulsively spending everything you have at once isn’t ideal either. No matter how much money you’re earning (or have suddenly inherited), you should always set some aside for later. The more you save, the easier it is to handle emergencies and setbacks as they arise. 

Now that you have more money, instead of putting it in a traditional savings account, you might consider a money marketing account where you can get a larger return on your investment.

You should be putting money aside for:

  • emergencies,
  • future dreams,
  • retirement,
  • and even to secure your family after you’re gone. 


One of the most effective ways to ensure you stay rich is to find opportunities to make your money work for you. If investing a few hundred bucks today could turn into several thousand dollars in a few years, why wouldn’t you want to take a chance? Though investing is risky, the returns can set you and your family up for life. 

Related: Why Rich People Get Richer – The #1 Main Reason

If you’re in the San Diego area and have a surplus of cash and little to no debt, it may be time to consider consulting a company that offers wealth management in San Diego. Likewise, if you’re living on the east coast, it makes sense for you to consult a wealth management team there on the east side where you live. There are great teams everywhere!

Wealth management companies often have a team of financial experts that help affluent individuals generate long-term wealth. The advisors provide suggestions on investment opportunities that will help you stretch your money further. 

If you have a lot of money and aren’t sure what to do with it, it makes sense to consult with a professional. 

Related: Keep Investing Simple – The Secret to Wealth

Give Back

Here’s some financial advice that you don’t hear often – give back.

When you’ve reached a point of financial security where you don’t have to worry about your wants or needs, it’s time to invest in the happiness of others. There are so many opportunities to give back to people in need.

give a million dollars - money cashTo give back, you can…

  • donate meals,
  • build houses,
  • start a group home,
  • invest in a startup,
  • buy gifts during the holidays,
  • and so much more. 

Related: My Personal (and Spiritual) Beliefs About Wealth – What About You?

Giving back provides a feeling of peace and happiness, unlike anything you’ve ever experienced. It helps you to appreciate what you have. It also helps someone else get through trying times in their life. Believe it or not, giving comes with a huge return. Sometimes it’s superficial like money, an award, or other materialistic things, but other times it’s gratitude, a stronger love for others, and a deeper sense of self. 

What to Do If You Have a Surplus of Cash

First of all, be grateful. 

You’re in a position that many only dream of.

Your excess of cash isn’t really a problem, it’s a luxury. Be sure not to blow this tremendous opportunity.

It’s no secret that everyone wants to eliminate debt and increase their earnings. Ultimately, when you have a surplus of cash it can afford you a better lifestyle and ease a lot of life’s challenges. Be that as it may, your riches can quickly fade if you don’t make the right moves to ensure that it’s properly managed, used, and multiplied for your benefit and the benefit of others.

So, even after you get rich, remember to stick to a budget, save, invest, and give back.

The advice is simple, but will you take it? Will you be wise with your surplus of cash? Or be a fool and lose it all?



My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.

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