2006-07-18 05:03:30 · 21 answers · asked by wave 5 in Business & Finance ➔ Personal Finance
I haven't a clue how much that is in U.S money sorry. I'd guess at $50,000??
2006-07-18 05:09:03 · update #1
In the UK property is the best thing you can buy. I purchased a flat for 42K and it doubled in value in three years. The very best thing you can do is use about 25K as a deposit and save the rest for furniture and other nice things. Buying a home in a nice part of the UK is one of the smartest investments you can make. Just don't spend more than you can comfortably afford on the mortgage.
2006-07-18 06:36:00 · answer #1 · answered by ZCT 7 · 1⤊ 0⤋
Well now, that all depends. Do you already own property? Have you finished college or university? With approx. $55K I'd start to build equity for some security later in life. You can never go wrong with property. I'd finish college, get a degree. Of course I'd treat myself to something. Maybe a day at the spa. A week-end at a nice hotel in the country or Paris. The possibilites are really endlesss. I'd also see if I could brighten someones day by sharing some. What goes around comes around. (Something I have found to be very true in life!) Make wise choices. Good Luck.
2006-07-18 12:14:33 · answer #2 · answered by Chris M 2 · 0⤊ 0⤋
I'd take half and put in a long term bond for when I needed it for a deposit on a house or starting up a business or something. The other half would then go on a round the world trip and all the cool stuff I'd ever wanted like expensive clothes and massive TVs!
2006-07-18 12:18:59 · answer #3 · answered by randomguy14 3 · 0⤊ 0⤋
Pay off debts , upgrade furniture & in my case get a better Electric guitar & amplifier like a Gibson Les Paul & Marshall 100Watt Amplyfier. Also perhaps give family , friends & charity some of the money.
I am only 14 so it might be different compared to others.
2006-07-18 12:08:27 · answer #4 · answered by Iron Man 6 · 0⤊ 0⤋
I'm in my early twenties, and I don't have £30,000. But if I did, I'd pay off my car (another £7,000 to go!), and then look about getting a house by using the remaining money as capital.
2006-07-18 12:08:59 · answer #5 · answered by Burnsie 4 · 0⤊ 0⤋
spend it wisely, put some in an account that you can't take any our for a certain amount of time and it gains money while it sits. I cashed a $10,000 bond when I was 18, the biggest mistake, i should have let is keep sitting and gaining interest but i spent it all, I paid off my car and put money down on a house.
2006-07-18 12:08:17 · answer #6 · answered by pdanielleh 4 · 0⤊ 0⤋
Use it as the deposit for two buy to let properties - or maybe one buy to let and one for me to live in. Therefore ensuring myself of a good pension and getting on the property ladder before the house prices rise significantly next year.
Would also try and keep some aside for a nice car or holiday.
2006-07-18 12:51:45 · answer #7 · answered by Anonymous · 0⤊ 0⤋
For long term investment Buy to Let properties this will increase your money more than any investment product at present.
2006-07-19 14:23:23 · answer #8 · answered by MSMORTGAGE 3 · 0⤊ 0⤋
Invest it in the fixed deposit Account or get your self enrolled in an College or University for further studies or else lend it to me and I will repay you in an agreed format.
2006-07-18 12:58:05 · answer #9 · answered by Kimble 1 · 0⤊ 0⤋
Travel - go to lots of different places and try different cultures from around the world - It's always been my dream. Wot about u?
2006-07-18 12:07:30 · answer #10 · answered by missieclass 4 · 0⤊ 0⤋