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If you were gifted $100,000 cash, WWYDWI?
Posted on 5/2/21 at 11:29 pm
Posted on 5/2/21 at 11:29 pm
You are gifted $100,000 tax free cash.
What would you do with it?
Save it?
Invest it?
Pay off debt?
Buy an asset?
Buy a liabilty?
Hookers, coke & casino?
What would you do with it?
Save it?
Invest it?
Pay off debt?
Buy an asset?
Buy a liabilty?
Hookers, coke & casino?
71
Posted on 5/2/21 at 11:30 pm to LSUFreek
stonks to the moon
Posted on 5/2/21 at 11:31 pm to LSUFreek
Buy a home. Or at least some of it.
Posted on 5/2/21 at 11:32 pm to LSUFreek
Purchase 100k of Iraqi Dinar
ETA: All jokes aside give it to my parents, not that they need it but I owe them damn near everything. It’d be a nice gesture
ETA: All jokes aside give it to my parents, not that they need it but I owe them damn near everything. It’d be a nice gesture
This post was edited on 5/3/21 at 12:19 am
Posted on 5/2/21 at 11:33 pm to LSUFreek
Invest 50k, save 40k, 10k on hookers and blow
Posted on 5/2/21 at 11:37 pm to LSUFreek
Probably drop about $60k on some remodeling at my house. Guess the rest would go in to savings.
Posted on 5/2/21 at 11:40 pm to LSUFreek
I'd probably spend a couple thousand getting my vehicle into brand new condition.
Put some aside for my next vacation
Save/invest the rest
Put some aside for my next vacation
Save/invest the rest
Posted on 5/2/21 at 11:41 pm to LSUFreek
Hookers and blow jk I’d buy gf a 45,000 engagement ring and move to Broussard to be with her so she can spend the rest
Posted on 5/2/21 at 11:42 pm to LSUFreek
Travel.
Posted on 5/2/21 at 11:43 pm to LSUFreek
“Around the World” trip on a chartered jet, takes about 24days stops in a dozen countries, 4 star meals, and accommodations included. Several travel companies offer the tours for around $100 grand.
Posted on 5/2/21 at 11:46 pm to LSUFreek
Down payment on new house, move cities, sell my my house
This post was edited on 5/2/21 at 11:47 pm
Posted on 5/2/21 at 11:55 pm to LSUFreek
Bitcoin and chainlink. 25/75
This post was edited on 5/2/21 at 11:56 pm
Posted on 5/2/21 at 11:55 pm to KING HERB
quote:
I’d buy gf a 45,000 engagement ring and move to Broussard to be with her so she can spend the rest
Posted on 5/3/21 at 5:22 am to LSUFreek
Fortunately for me, I have zero desire big boy toys or expensive hobbies because that is just more stress to manage. The saying Mo money, mo problems is real... I will take debt free low stress and providing for others over the hamster wheel life.
RN I have 3 kids in private school and its probably my biggest expense outside of a mortgage. I would invest it and think of it as "free tuition" but still adding the money I would have spent on tuition to the same savings account so that I don't make any lifestyle adjustments.
Only after everything is paid, kids are taken care of, and I have a few mil in the bank will I consider the 65' sport fish and florida boating life.
RN I have 3 kids in private school and its probably my biggest expense outside of a mortgage. I would invest it and think of it as "free tuition" but still adding the money I would have spent on tuition to the same savings account so that I don't make any lifestyle adjustments.
Only after everything is paid, kids are taken care of, and I have a few mil in the bank will I consider the 65' sport fish and florida boating life.
Posted on 5/3/21 at 5:30 am to LSUFreek
Pay off my student debt
Posted on 5/3/21 at 5:33 am to LSUFreek
Wife a new vehicle, invest in kids college funds.
Posted on 5/3/21 at 5:44 am to LSUFreek
Two chicks at the same time
Posted on 5/3/21 at 5:46 am to LSUFreek
Time for us to get new vehicles - so probably use it to replace one and save the rest to replace the other either later this year or next year.
Posted on 5/3/21 at 5:50 am to LSUFreek
Half right into my TD account(not tigerdroppings). The rest on a small camper.
(Hopefully my roi in TD covers the tax burden of the gift)
(Hopefully my roi in TD covers the tax burden of the gift)
Posted on 5/3/21 at 5:56 am to LSUFreek
Probably get another car then give the balance to those who are in need.
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