She already made a million. Give her two more years and she'll make more than an average scientist in their whole career. Then she can still get a PhD.
As long as she's careful with it, she'll be fine. A lot of people who have sudden income windfalls don't know how to be smart with it and end up losing everything, but as she's pursued higher education, she's a lot more likely to be financially literate than someone who regularly plays the lottery.
Ya? It’s that easy to just get into a phd program huh?
She dropped out of her doctorate. She’s going to have to explain why she dropped out if she wants any chance to get back in and that is already pretty low after dropping out.
It's not that hard. Just go to any Fidelity, Charles Schwab, etc. and pay for a professionally managed account. They charge 1-1.5% or so on your balance for the year so it's in their best interest to make you as much money as possible so they get paid.