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30 K commission bonus, what shoul I do with it?

Posted on 1/5/14 at 10:18 pm
Posted by BamaScoop
Panama City Beach, Florida
Member since May 2007
53828 posts
Posted on 1/5/14 at 10:18 pm
Not really a finance person.
Posted by notiger1997
Metairie
Member since May 2009
58122 posts
Posted on 1/5/14 at 10:19 pm to
Buy a boat
Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 1/5/14 at 10:23 pm to
Anger management counseling....
Posted by BamaScoop
Panama City Beach, Florida
Member since May 2007
53828 posts
Posted on 1/5/14 at 10:25 pm to
I have a boat!
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 1/5/14 at 10:47 pm to
quote:

I have a boat!


Well then get another one. You can't have too many, you know.
Posted by rmc
Truth or Consequences
Member since Sep 2004
26504 posts
Posted on 1/5/14 at 11:01 pm to
Give it to your local Bar Association.
Posted by I Love Bama
Alabama
Member since Nov 2007
37702 posts
Posted on 1/5/14 at 11:03 pm to
Platinum pornhub subscription

5 gallons of astroglide

A goat

Rogaine

Black mabama dildo

And stocks and stuff
Posted by SpidermanTUba
my house
Member since May 2004
36128 posts
Posted on 1/5/14 at 11:37 pm to
quote:

Not really a finance person.



Donate it all to the Tiger Athletic Foundation.

Posted by GeorgeReymond
Buckhead
Member since Jan 2013
10159 posts
Posted on 1/6/14 at 12:30 am to
quote:

Donate it all to the Tiger Athletic Foundation.


For your convenience LSU TAF
Posted by theBeard
Member since Jul 2011
6739 posts
Posted on 1/6/14 at 6:25 am to
likely around or just under 20k after taxes, i would pay off any debt, then invest the rest
Posted by jbgleason
Bailed out of BTR to God's Country
Member since Mar 2012
18902 posts
Posted on 1/6/14 at 6:59 am to
Beware the tax man. That much, depending in your income last year, might push you into the next bracket. Thanks Obama!
Posted by VABuckeye
Naples, FL
Member since Dec 2007
35523 posts
Posted on 1/6/14 at 7:22 am to
Weekend in Vegas.

Hookers and blow!
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 1/6/14 at 7:59 am to
Methinks you don't understand tax brackets.
Posted by dcrews
Houston, TX
Member since Feb 2011
30184 posts
Posted on 1/6/14 at 8:40 am to
quote:

Beware the tax man. That much, depending in your income last year, might push you into the next bracket. Thanks Obama!


"The next tax bracket" will only affect a small amount of his income.

We are taxed at a marginal rate, not a flat rate based on how much income you have during a given year.

If he is over "the next tax bracket" by $10k, then only that $10k will be taxed at the next marginal rate (not his entire income).
Posted by LSUzealot
Napoleon and Magazine
Member since Sep 2003
57656 posts
Posted on 1/6/14 at 8:42 am to
dogecoin
Posted by Jorts R Us
Member since Aug 2013
14807 posts
Posted on 1/6/14 at 1:03 pm to
Give it to me.
Posted by OldSouth
Folsom, LA
Member since Oct 2011
10940 posts
Posted on 1/6/14 at 1:10 pm to
Go to lunch on what's left after taxes
Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
89511 posts
Posted on 1/6/14 at 1:21 pm to
Don't ya'll have to fund a 50% increase for a coach who is 0-2 over his last 2 games?

Give me 1 second and I'll figure something out for you.



(j/k, you know I love you, Scoop, right?)

Seriously, I would look at debt - it's a guaranteed return, no matter how much or what the interest rate is - if you have more than $30k in debt, without other pressing issues such as deferred maintenance, there is no better investment you can make than to reduce your debt load - particularly consumer debt or anything securing a depreciating asset.

Having said that, I would reserve 10 to 15% of that for a nice trip, vacation - but try to make it something memorable.
Posted by jimlsu1
Ellicott City, Md
Member since Oct 2008
1418 posts
Posted on 1/6/14 at 6:00 pm to
Is that before or after taxes? If before you may want to wait.
Posted by tiger perry
Member since Dec 2009
25668 posts
Posted on 1/6/14 at 6:01 pm to
Chevron or Exxon stock imo
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