I just sold my house and will clear that much. I have a place to stay for 6 months for free. I need to buy another house within that time.
2007-03-18 14:28:16 · 6 answers · asked by G mon 2 in Business & Finance ➔ Personal Finance
Well then put your money into a good saving account say at EmigrantDirect.com or some other bank that will give you around 5% APY. Don't try to do anything radical to try to turn the money into 100,000 because the chances are that you may turn it into 35,000 instead. While it would be nice to somehow put this money to work and make more, but the fact is that anything that pays better then saving account also carries risk. The money you clear from sale of a house is not money you should risk losing. The only use that could be better than saving account is if you have credit card debt, then I would cover the debt.
2007-03-18 14:39:56 · answer #1 · answered by Alexander K 3 · 0⤊ 0⤋
Not knowing how much houses are in your area, You are in a great position to scoop up a deal. A big fist full of cash gets sellers attention.
2007-03-18 21:37:46 · answer #2 · answered by landersonjr1958 6 · 0⤊ 0⤋
put it in some kinda of CD or something like that at the bank where you'll make some interest off of it. Best of luck to you.
2007-03-18 21:36:16 · answer #3 · answered by cajunrescuemedic 6 · 0⤊ 0⤋
I would invest more in my home businesses. And basically just help those in need. Also put money up for my children's future.
2007-03-22 16:20:22 · answer #4 · answered by Mommy25 2 · 0⤊ 0⤋
pay off all my bills;and invest some and give to charity.....
2007-03-19 00:35:19 · answer #5 · answered by prettycoolchick38 4 · 0⤊ 0⤋
I would buy stuff.
2007-03-18 21:37:41 · answer #6 · answered by K-Deeznuts 4 · 0⤊ 0⤋