Apologies if there’s a better sub for this, please let me know if there is.

I’m currently 30, living with my parents and have spent the last 2 years building my own business as a very specialized personal trainer who works with local PT clinics. I’m finally doing well after exploding with growth the last year or so. I’m currently looking for my first commercial space for just me and one client at a time. I’ll move out after this, as I want to see where my business ends up before finding a place to live.

My question is: my parents finally retired and want to gift me a large sum of money with the thought that they don’t want me to spend my life stressed or worried about money like they did. If this happens, I’m not sure the best way to go about organizing everything.

Say for example they want to gift 250k, but also are willing to do a monthly “stipend” of ~3k. Which would be smarter?

I want to put a good amount in retirement/investments, but also want to be able to “live life” as they’ve said so I don’t miss out on fun things due to being too careful financially (my tendency is to be way too conservative)

Any advice on strategizing?