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Started By
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Say you recieved $200,000 cash inheritance....
Posted on 5/22/17 at 4:10 pm
Posted on 5/22/17 at 4:10 pm
what would you do with it?
Pay off debts?
Invest it?
Buy some toys?
Pay off debts?
Invest it?
Buy some toys?
This post was edited on 5/22/17 at 4:11 pm
21
Posted on 5/22/17 at 4:12 pm to bharris4qb1
Pay off my student loans.
Pay off my house.
shite, where did all my money go!?!?
Pay off my house.
shite, where did all my money go!?!?
Posted on 5/22/17 at 4:41 pm to bharris4qb1
Take 10k and have a very good time
Pay off any high interest debt
Invest the rest
Pay off any high interest debt
Invest the rest
Posted on 5/22/17 at 4:45 pm to gpburdell
quote:
Pay off any high interest debt
Invest the rest
I guess what you do with it highly depends on your age.
Posted on 5/22/17 at 4:54 pm to bharris4qb1
As someone who is 23 with no debt and not so high salary I would:
Spend 10k on whatever I want (mostly vacations)
Max Roth IRA
Open HSA
Start thread on Money board asking how much to put in my HSA and ask about saving vehicles to put a down payment on a house when I'm ready.
ETA: But if you have debt, I think paying that off would be a no-brainer
Spend 10k on whatever I want (mostly vacations)
Max Roth IRA
Open HSA
Start thread on Money board asking how much to put in my HSA and ask about saving vehicles to put a down payment on a house when I'm ready.
ETA: But if you have debt, I think paying that off would be a no-brainer
This post was edited on 5/22/17 at 4:59 pm
Posted on 5/22/17 at 5:56 pm to bharris4qb1
House
Posted on 5/22/17 at 6:24 pm to bharris4qb1
ETHEREUM
Posted on 5/22/17 at 6:26 pm to okietiger
Roll it into my IRA. If I were just starting out and young and not a homeowner, I'd invest in a house.
Posted on 5/22/17 at 6:30 pm to bharris4qb1
Set 50K aside for new house, pay off credit cards, take a nice vacation, and then invest the rest.
This post was edited on 5/22/17 at 6:32 pm
Posted on 5/22/17 at 6:34 pm to bharris4qb1
I would have a big head start down the path of being a full time real estate investor.
ETA: also, 2 chicks at the same time
ETA: also, 2 chicks at the same time
This post was edited on 5/22/17 at 10:41 pm
Posted on 5/22/17 at 9:37 pm to bharris4qb1
Pay off all debts.
Invest.
Quit second job.
Invest.
Quit second job.
Posted on 5/22/17 at 9:38 pm to dkreller
quote:
Set 50K aside for new house, pay off credit cards, take a nice vacation, and then invest the rest.
Exactly this
Posted on 5/22/17 at 9:42 pm to bharris4qb1
Build an addition to my house, pay off most of the rest, go on about a 10k trip and put about 20k in college savings.
Posted on 5/22/17 at 10:19 pm to bharris4qb1
Pay off our house and our rental. And probably be able to retire at least 5yrs sooner than originally thought.
Posted on 5/22/17 at 10:32 pm to bharris4qb1
100k house down payment
15k pay off wife's vehicle
85k investments
15k pay off wife's vehicle
85k investments
Posted on 5/22/17 at 10:41 pm to bharris4qb1
I would buy some vanguard funds and not touch it for 20 years.
But I buy stupid things like stocks and mutual funds - I love it.
But I buy stupid things like stocks and mutual funds - I love it.
Posted on 5/23/17 at 7:25 am to bharris4qb1
quote:
what would you do with it?
Only debt I have is the house. So I'd pay that off, which would leave me with about $75k. So I'd take a nice vacation to Hawaii or maybe Italy. Then invest the rest.
Posted on 5/23/17 at 7:35 am to bharris4qb1
pay off my house.
Posted on 5/23/17 at 8:31 am to AUjim
quote:
2 chicks at the same time
With that kind of scratch I'm saying at least 3.
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