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re: If you were gifted $100,000 cash, WWYDWI?

Posted on 5/3/21 at 7:30 am to
Posted by Datfish
Member since Sep 2018
794 posts
Posted on 5/3/21 at 7:30 am to
Bitcoin
Posted by saderade
America's City
Member since Jul 2005
26397 posts
Posted on 5/3/21 at 7:33 am to
quote:

Start by giving 40% to IRS
Not if it is a gift.
Posted by southpawcock
Member since Oct 2015
17744 posts
Posted on 5/3/21 at 7:35 am to
Keep about $10K for immediate needs, put another $20K or so into my Vanguard money market account, maybe another $5K in my savings account, and invest the rest. Probably would go ahead and bite the bullet on getting a house as well.
This post was edited on 5/3/21 at 7:36 am
Posted by Nicky Parrish
Member since Apr 2016
7098 posts
Posted on 5/3/21 at 7:37 am to
Take a trip to Gruhn Guitars, Nashville
Posted by Hangover Haven
Metry
Member since Oct 2013
33701 posts
Posted on 5/3/21 at 7:39 am to
Posted by Carson123987
Middle Court at the Rec
Member since Jul 2011
68043 posts
Posted on 5/3/21 at 7:41 am to
BTC
Posted by crash1211
Houma
Member since May 2008
3721 posts
Posted on 5/3/21 at 7:47 am to
Pay off the little debt I have, and then save the rest, and retire a year or so earlier.
Posted by Wally Sparks
Atlanta
Member since Feb 2013
32737 posts
Posted on 5/3/21 at 7:47 am to
Invest it.
Posted by Rize
Spring Texas
Member since Sep 2011
19388 posts
Posted on 5/3/21 at 7:49 am to
I’d build my shop for around 45k then buy a SXS for around 20k, 4 wheeler for around 12k, Wilson Combat 6.5 Creed 3k, pulsar Thermion thermal 6k. I put the last 14k down on a BMW X5M competition for my wife.
Posted by TigerFanatic99
South Bend, Indiana
Member since Jan 2007
35949 posts
Posted on 5/3/21 at 7:51 am to
Responsible shite like pay off the house, credit cards, and car. That would leave me with about $3k to gift to my parents.
Posted by Epic Cajun
Lafayette, LA
Member since Feb 2013
37065 posts
Posted on 5/3/21 at 7:55 am to
50k kitchen and floor remodel
15-20k bathroom remodel
30-35k pool/outdoor renovations
Posted by RockyMtnTigerWDE
War Damn Eagle Dad!
Member since Oct 2010
108983 posts
Posted on 5/3/21 at 8:11 am to
Buy a big lifted truck with truck nutz
Posted by Lazy But Talented
Member since Aug 2011
15077 posts
Posted on 5/3/21 at 8:27 am to
quote:

If you were gifted $100,000 cash, WWYDWI?



Good start for the pool in the new backyard.
Posted by Honest Tune
Louisiana
Member since Dec 2011
19285 posts
Posted on 5/3/21 at 8:32 am to
Pay for my parents a nice vacation
Put the rest towards my daughters education
Posted by LSUnation78
Northshore
Member since Aug 2012
14230 posts
Posted on 5/3/21 at 8:33 am to
I would immediately get out of owning USD. Literally anything other than the dollar
Posted by Honest Tune
Louisiana
Member since Dec 2011
19285 posts
Posted on 5/3/21 at 8:34 am to
Ride DOGE to the moon
Posted by CrazyTigerFan
Member since Nov 2003
3626 posts
Posted on 5/3/21 at 8:34 am to
Buy a new car, save a bit for a nice vacation we've been planning for years, save/invest the rest for a future home down payment.
Posted by Yewkindewit
Near Birmingham, Alabama
Member since Apr 2012
21867 posts
Posted on 5/3/21 at 8:36 am to
Doge coin...."?
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
59285 posts
Posted on 5/3/21 at 8:41 am to
quote:

You are gifted $100,000 tax free cash.


Put half on paying down the principle on the mortgage, the other half on some home improvements (new fence, new driveway, some professional landscaping). If there's anything left after that it goes to our emergency fund.
Posted by keakar
Member since Jan 2017
30152 posts
Posted on 5/3/21 at 8:53 am to
quote:

If you were gifted $100,000 cash, WWYDWI?


move to "southern" mexico and be a millionaire, northern mexico is too full of drug lords and such
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