[B4Ranch]

>>You must not become a fountain of funding. <<

Invest all the money and live off the returns. A million will easily give you 150 k a year. If you can't live on that, take the shotgun route because bankruptcy is just down the road.

[quadrant]

To earn 150K on a million dollar investment would mean a return of 15%, which is a pretty steep return unless one is willing to take a great deal of risk.
In times of low interest rates, a more reasonable rate of return would be in the 4-6% range.