I am being offered a job that lets me save close to $100000 a year. I am not sure this money can change my life dramaticaly. I am not a business minded guy so I am not realy shure what to do with it. What would you do if you were in my shues with $100000 cold cash.
2007-01-27 23:40:08 · 9 answers · asked by JJ A 2 in Business & Finance ➔ Careers & Employment
You are, I guess, a young person and confront an opportunity to make good money. You have not stated though but I presume that the job is likely to be compatible with your taste and talent. Now, given this, utlizing $ 1,00,000 may not pose big problems. Even if you are not business minded, you would want to put this money to proper use. That is how you are with 'yahoo' for an answer! Please take a bank deposit and do it every year. This can be a very safe bet and would allow appropriate levels of growth of your financial muscle--so necessary in the contemporary world smitted with uncertainties and also with escalating family and other responsibilities. You can always move from one state of living to another and access higher comforts of life for a richer and fuller life and living. You will ride the horse of high self-esteem and your worth in your own eyes would be magnified. This could be a very interesting experience for you.
Then, nobody has closed your doors on charity. If Bill Gates and Warren Buffet can do it after amassing incredulous lvels of wealth whey can't you do the same even if at somewhat lower levels and that because of your attitude or approach toward life--that is, non commercial and implicitly more inclined to philanthropy and charity.
Old age can be another consideration. One require substantial financial security in this age. And you can be no exception.
So, go at it and make life busy and full of action.
2007-01-27 23:57:05 · answer #1 · answered by braj k 3 · 0⤊ 0⤋
Invest, make sure you buy CD (certificate of deposits), donate generously to others, save, save save and if you have children set up trust funds for them. Contact someone who knows about budgeting and "wealth management" (hate that term) and take advice from people you see who handle their money wisely.
Get on a tight budget and stick with it. It will be rather easy to say hey I am making all this extra money so I can get a new house or thus and such. Do not do it. Live a lifestyle that is simple and use this money to insure that when you do not have a job you will not be without.
Be wise.
2007-01-28 07:49:09 · answer #2 · answered by thankyou "iana" 6 · 0⤊ 0⤋
First, take spelling classes at local university or trade school. Correct spelling is an asset in business and investment, and if your employer is paying you $100,000.00 per year, spelling is likely a minimum skill to keep that job. If you get and keep that job, consult a reputable investment adviser to help you begin a retirement portfolio.
2007-01-28 07:53:50 · answer #3 · answered by sheesq1 1 · 0⤊ 0⤋
I will find a financial planner to arrange my financial portfolio so that i can generate more $$ for short term and long term goals.
They are able to arrange your portfolio based on your attitude to risk and invest it accordingly into fixed interests, shares, properties etc.
2007-01-28 07:48:55 · answer #4 · answered by susie_n 2 · 0⤊ 0⤋
There are financial planning consultants that you can talk to .They can assist with investments such as mutual funds,stocks,bonds and other plans that can help increase the value of your assets.
2007-01-28 07:53:01 · answer #5 · answered by Troy K 6 · 0⤊ 0⤋
Shouldnt you save the money first and then ask?
2007-01-28 07:48:19 · answer #6 · answered by prole1984 5 · 0⤊ 0⤋
there are so many soup kitchens, fill their pantries. help the less fortunate, boy that is the first thing i would do....count your blessings.
2007-01-28 07:51:28 · answer #7 · answered by brown eyes 4 · 0⤊ 0⤋
get a bank account
2007-01-28 07:51:33 · answer #8 · answered by micho - 1 · 0⤊ 0⤋
send it to me
2007-01-28 07:44:20 · answer #9 · answered by Anonymous · 1⤊ 0⤋