2006-07-17 08:32:57 · 23 answers · asked by pacegirl4444 1 in Business & Finance ➔ Personal Finance
who cares you dont have that much money
2006-07-17 08:34:48 · answer #1 · answered by I'm a guy 2 · 0⤊ 2⤋
It really depends on your personal goals and what your current financial standing is. Without that information, here is what I would do.
Put the money towards these things in this order.
1) Pay off all debt.
1a) Credit Card.
1b) Auto.
1c) Mortgage. (I know people always talk about tax advantages of mortgage interest. But really, the tax break is just a partial refund of the interest you pay, so wouldn't it better to not pay the interest at all?)
2) Put some money aside in an emergency fund (3-6 months worth of expenses).
3) Buy a house (if you don't own one).
4) Fund a retirement account.
4a) 401k up to what your company matches.
4b) Roth IRA. This is taxed upfront, so all the earnings are tax-free.
Again, this is general advise. If you did come into this much money, it would probably make sense to talk to a professional so they can evaluate your specific situation.
2006-07-19 01:29:08 · answer #2 · answered by samoan3d 3 · 0⤊ 0⤋
Sorry in spite of the shown fact that evidently such as you want gaurantees and there only are not any. yet on the different hand in case your keen to have faith somebody provides you you some thing like which you deserve each little thing you get. there's someone-friendly tennant of making an investment ---extra possibility equals extra reward---- and with the aid of the comparable token if somebody provides you with a brilliant reward possibly you may desire to end and think of concerning to the prospect.
2016-11-02 05:43:32 · answer #3 · answered by garion 4 · 0⤊ 0⤋
Give at least some of it to a charity of your choice. Use the rest to pay off any debts and if you have any left over, treat yourself to something nice that you normally wouldn't buy!
2006-07-17 08:40:16 · answer #4 · answered by Sephra 5 · 0⤊ 0⤋
Follow the teachings of wise King Soloman - invest in at least seven different things.
2006-07-17 08:35:56 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Offer them t anyone you don't know (me, for example eheh), if you don't want anyone to kidnap you and cut your throat... I'm kidding. The smartest thing to do is to pretend that you don't have them and to spend them very slowly, if you don't want to be attacked by some greedy person.
2006-07-17 08:38:08 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Tithe.
Invest.
Put what you can in CD's and T-bills and pay off current debt and most importantly
GO ON A 2 WEEK VACATION
2006-07-17 08:58:06 · answer #7 · answered by King H 6 · 0⤊ 0⤋
Pay off all debts. Invest the rest.
2006-07-17 08:35:18 · answer #8 · answered by Anonymous · 0⤊ 0⤋
First, pay off all your debts. Then get it in the bank. Then get yourself eductated about how to make your money grow.
2006-07-17 08:42:07 · answer #9 · answered by Bizthin 2 · 0⤊ 0⤋
Save it
2006-07-17 08:39:03 · answer #10 · answered by Anonymous · 0⤊ 0⤋
Go to Vegas.
That way, either you'll turn the $100,000 into $1,000,000, or you won't have to worry about what to do with the $100,000 any more.
2006-07-17 09:28:24 · answer #11 · answered by Anonymous · 0⤊ 0⤋