Think about it:
A HUNDRED THOUSAND DOLLARS.
A person could BLOW it in a very short period of time, or~ it could be invested smartly and multiplied over time into a MILLION or more.
So, what would you SPECIFICALLY DO with a hundred thousand dollars?
2007-01-21 05:36:33 · 7 answers · asked by >Golden Ticket< 4 in Business & Finance ➔ Personal Finance
I would use it as downpayment for house and then invest the rest of it.
2007-01-21 05:40:27 · answer #1 · answered by Stareyes 5 · 0⤊ 0⤋
One Hundred Thousand dollars is not that much, relatively, since the average yearly income in the US is between $45,000 and $50,000. It is only about two years of income. Instead of thinking about how to spend it you should think about how to make it work for you. Start off by fully funding a Roth IRA for 2009. Put aside enough to fund your IRA for the next few years (about $15K-$20K). Do some reading about investing. "Ready, Set, Retire" by Ray Lucia and "The Lies About Money" by Ric Edelman are good to start with. Interview four or five Certified Financial Planners and choose the one you like best and whose plan and investing philosophy you like. Do not use a commission based CFP. They make their money by selling you investments. You can't be sure if the investment they are selling is best for you or if it just pays the best commission to them. Use a planner whose pay is tied to your investment return. NEVER invest in anything that you don't understand and can't explain to a 10 year old. Invested wisely, that $100K can grow to be over $1 million over the years. You have been given a great opportunity, don't waste it.
2016-05-24 06:11:32 · answer #2 · answered by Anonymous · 0⤊ 0⤋
If I have a hundered thousand dollars..I have a new business idea that I am working on..I will invest the money in the business..If you are interested you can contact me on tundexman123@yahoo.com
2007-01-21 05:47:06 · answer #3 · answered by tundexman123 1 · 0⤊ 1⤋
College, hey, it's an investment for my future. It would cost about 100 grand anway.
2007-01-21 05:44:32 · answer #4 · answered by Leslie 1 · 0⤊ 0⤋
Buy shoes! then invest
2007-01-21 05:46:57 · answer #5 · answered by naeee 2 · 0⤊ 0⤋
Nothing different than I do with the others I have now.
2007-01-21 05:40:19 · answer #6 · answered by ? 3 · 0⤊ 0⤋
That's not much money. I'd invest it.
2007-01-21 05:45:27 · answer #7 · answered by cyanne2ak 7 · 0⤊ 0⤋