2006-11-29 02:15:40 · 20 answers · asked by osunumberonefan 5 in Business & Finance ➔ Personal Finance
well if i had that much i would
1) Buy a new car cause mine is a peice of junk
2) buy a house in Ohio to live closer to my hunni
3) college money
4)to buy my hunni a new car
5) to start a life for me and my hunni that i love so much!
2006-11-29 12:52:18 · answer #1 · answered by Anonymous · 0⤊ 0⤋
1. pay off my car loan and credit cards ($15,000)
2. take a vacation ($3000)
3. buy a sensible used truck ($12,000)
4. put some money toward my daughter's college fund ($20,000)
5. Start a Roth IRA in addition to my company's 403(b) ($10,000)
6. Use the rest to put a down payment on a second property, and rent out my current house ($40,000)
Well, of course, that's only if the $100,000 is tax-free. Chances are if you actually get 100,000 the government will take $45,000 of it.
2006-11-29 02:37:49 · answer #2 · answered by octolush 3 · 1⤊ 0⤋
I'd yell at myself for keeping 100,000 in the bank because the interest rate I am getting on it can't compare to what I would get if I invested it even in short term vehicles.
Depending on my financial situation, I'd decide how much money I needed for immediate access and then invest the rest.
But, if I had 100K in the bank because I needed it, I wouldn't do anything because it's there for a reason.
2006-11-29 07:31:45 · answer #3 · answered by dougzinboston 4 · 1⤊ 0⤋
It depends. If you have most of the things you want in life just leave it there and let it earn interest. If you owe bills, and have a job, pay off some of them and let the balance stay in the bank. if you owe money and don't have a job, pay off the debts, look for a job and leave the rest in the bank.
I would avoid the stock market, unless I.m young -- to risky.
2006-11-29 02:54:54 · answer #4 · answered by Anthony F 6 · 1⤊ 0⤋
Buy a house in a secluded area, buy a luxury car, go on an extended vacation, make a contribution to the worldwide preaching work, and invest the rest so that I could live off the interest.
2006-11-29 02:23:14 · answer #5 · answered by damesha 3 · 1⤊ 0⤋
I'd either use at as a down payment toward a new house or invest it in several different places - money markets, stocks, maybe IRA. Of course I would take about 10 grand and buy something cool or take a trip too! You got to have fun, life is short.
2006-11-29 02:30:08 · answer #6 · answered by J-Con 3 · 1⤊ 0⤋
$100,000 would go pretty quickly - especially after our corrupt government got ahold of "their" share (you know, the taxes we pay to keep us safe from crime, educate our children, keep up our roads, rescue us in case of natural disasters ... wait a minute! I guess our taxes go to pay the politicians' salaries). The first thing I'd do is to set aside at least a third to make more money for me - in diversified investments. Then I'd donate a nice chunk to charity, pay bills, and have a marvelous Christmas!
2006-11-29 02:27:19 · answer #7 · answered by Pamela G 3 · 1⤊ 0⤋
My kids would have a hella Merry Christmas, pay off my debts and buy some land...and donate to a local charity.
2006-11-29 02:18:43 · answer #8 · answered by Anonymous · 1⤊ 0⤋
Pay off debts, help my (adult) children, remodel the kitchen & bathroom, give to a local charity and save the rest like $crooge McDuck!
2006-11-29 02:25:38 · answer #9 · answered by secondwish02 5 · 1⤊ 0⤋
If you don't have any other debts, invest wisely in an Index portfolio depending on your risk level. Of course, you have to invest for the long term. Go to http://www.indexportfoliosUSA.com
Also, Give some to your favorite charity every year.
2006-11-29 11:02:05 · answer #10 · answered by econ_man1000 1 · 0⤊ 1⤋