If I told you that I had $60,000 to spend, what would you do?

Question

Okay, What would you say as opposed to do? Thank you Molly.

Answer 1

I would use some of the money to buy realestate because that never depreciates depending on where you purchase the land of course. Don't buy swamp land or any bridges someone says they have for sale, LOL. Put the rest in a high interest savings account.

Answer 2

$60,000.00 is actually not that much money. SPEND is the operative word here and it depends a lot on your age. I would put or spend the money where it would help me attain more.

What do I mean by that? You are your own biggest invetment. I have no idea on your age, but I am going to assume you are less than 30.

Look at yourself and your earning capabilities. Take a career or strength test found on sites like monster.com and invest in your education. 60,000 invested in YOU will net you aywhere from three to four times the amount in 10 years.

Secondly, look at your credit. 60,000 cleaning up late accounts, charge offs, and open loans wil save you much more than 60,000.00 in finance charges over the course of your life time.

If all else fails put it away, until you have a tangible plan on what to do with it.

Answer 3

i would suggest that you invest it. put aside some to spend, say 5%. (3000$) go out and get yourself something nice. i would then invest some in mutual funds and stocks and put the rest in a high interest savings account.

good luck!

Answer 4

Say muchos congrats

Answer 5

wow so you have some money what am I supposed to do? Re-read your question

Answer 6

I would say "Whatcha up to later?"

Answer 7

be happy for you.