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re: If you had 500K cash...what would you do with it?
Posted on 3/21/24 at 10:36 am to sidewalkside
Posted on 3/21/24 at 10:36 am to sidewalkside
acreage and guns
0
Posted on 3/21/24 at 10:36 am to sidewalkside
I'd pay off my house. Without a mortgage, I'd live a pretty easy lifestyle.
Posted on 3/21/24 at 10:39 am to sidewalkside
I’d put it in liquid interest bearing funds and slowly deploy it throughout my existing positions. Problem is that most things are highly valued right now.
Posted on 3/21/24 at 10:45 am to catchyalater
It’s not a bad idea. Obviously it’s not the best way to aggressively grow your money and make the most you possibly could but if that’s not your top priority then that’s your prerogative. Sounds like lifestyle is important to you and that’s okay. Nothing about what you posted has any red flags in it so do what makes you happy.
Posted on 3/21/24 at 10:50 am to sidewalkside
Pay off the house and all other debt, then like the first reply said, the rest into the S&P index and let it run. Then go to work the next day like normal.
Posted on 3/21/24 at 10:52 am to North Dallas Tiger
quote:
Donate $50k to charity
good one, mate Posted on 3/21/24 at 10:54 am to SirWinston
Why would that be funny?
Posted on 3/21/24 at 11:05 am to sidewalkside
Paying off my house, then gutting it and doing a complete remodel.
Posted on 3/21/24 at 11:06 am to sidewalkside
Bitcoin
Posted on 3/21/24 at 11:08 am to finchmeister08
Go to a seminar somewhere and invest in a really expensive timeshare.
Posted on 3/21/24 at 11:12 am to brightside878
quote:
S&p 500 index and forget about it
This is what logically makes sense, but I'd probably just pay off what's left of my mortgage. Then set aside $50k each for each kid in a HYSA and contribute to a Roth IRA yearly with it. Toss 100k in the market, and then use the rest for treating myself.
Best way for me to personally use it when you're not guaranteed tomorrow.
Posted on 3/21/24 at 11:13 am to sidewalkside
Since I'm 64 and already retired from the Air Force, I'd probably resign from my current job and enjoy a life without work.
Posted on 3/21/24 at 11:15 am to sidewalkside
All debt goes bye bye, update the oldest and soon to fail car, remaining money into savings and investments.
This post was edited on 3/21/24 at 11:16 am
Posted on 3/21/24 at 11:25 am to sidewalkside
After taxes???? If so, I would stay tight where I am at. Get me a new truck and play golf everyday. And just relax… I doubt I would even spend it all and I hope to live at least another 20 years.
Posted on 3/21/24 at 11:25 am to sidewalkside
Stock up on ozempic and resell for double the cost
Posted on 3/21/24 at 11:32 am to sidewalkside
Payoff Business Investor
Payoff Home (almost there!)
Payoff Business note on my gym
Payoff my Mother’s home
Inject about 20k into other businesses
Invest the remaining 25% into diversified stocks
Payoff Home (almost there!)
Payoff Business note on my gym
Payoff my Mother’s home
Inject about 20k into other businesses
Invest the remaining 25% into diversified stocks
Posted on 3/21/24 at 11:32 am to sidewalkside
Best I recall the lottery was at hundreds of millions of dollars. A reporter was outside a store interviewing people that just bought a ticket, she ask one guy what he would if he won. After thinking about it for a second he said I would keep farming until he went broke again
Posted on 3/21/24 at 11:34 am to sidewalkside
Pay off my house, buy an airplane, quit my job and fly that airplane enough to be able to get experience so somebody will pay me to fly their nicer airplane.
Sell airplane. Profit.
Sell airplane. Profit.
Posted on 3/21/24 at 11:48 am to SirWinston
quote:I meant that.
good one, mate
quote:we not mates
mate
Posted on 3/21/24 at 11:48 am to sidewalkside
I'd pay off my mortgage and put the rest in a brokerage account.
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