If I gave you $100,000 today, what would you do with that to live the rest of your life w/o a "regular" job?

Question

Obviously if you spent it on clothes for yourself or something silly like that, you wouldn't be able to survive for the rest of your life...

Answer 1

Get some education about stock options. If you want to stay in the USA, you can leverage that into substantial gains. Learn how to hedge your positions to protect the wrong moves of the stock. On-line stock trading eliminates inefficiencies.

Answer 2

Wow tough question. The Mortgage on the house is less than that so paying it off would be nice but then very little would be left over. If you mean I can not work at all, it is a hard task indeed. Here is what I would do. Take 80,000 and invest it into a spider fund, some bonds and 5 CD's of varying lengths from a year to five years. I would take 20,000 and go back to school, maybe in the medical field, as an X-Ray Tec, or an RN. I would take a PRN or part time position 2 days a week so as to not go board and pay back the other 20,000 to myself. I would put all my salary into the 401k and quit 1 year to the day after being fully vested. I would then take another PRN position for spending cash and continue to live on the interest from the investment of the 80,000. And I would pay my house off.

Oh the heck with it. I would buy a small inexpensive house, sell mine and live on 15,000 a year for food and utilities.

Answer 3

The only way to do this is to move to Mexico or Bali or some such place.

Having lived in Bali (we still own a villa there), I can tell you it is easy to rent a 2BR apt for 400/month. A Motorbike is about 1 grand to purchase. Groceries for 5 adults and our two kids came to ~200.00 a month. Less if you have no kids and nannies and other staff.

We never spend more than 400.00 a month there, gas, food, staff, dining out etc....obviously it will be more if you pay rent, but still under 1k a year....

Answer 4

Hmmm. A hundred grand isn't exactly like winning mega millions, is it? Assuming I had to attempt improving my lifestyle, I'd probably buy some rental real estate and try to parlay that into more real estate, and so on, until I had an income stream large enough to live on. Boy, would that take a long time!

Answer 5

Add another zero to that number and then you'd be able to live off it for the rest of your life, albeit with a very average lifestyle.

No one can live off of $100,000 without any other income for very long.

Answer 6

I would pay for my husband to go to School to become a pastor and lead people to Christ.He wants to do it but cannot afford the education,so I would give him the money so he could.Then I would use the rest of the money to build a church probably somewhere in Alaska and together we would teach people about Gods mercy and grace.We feel the need to do this because so many churches are teaching religion and legalism which we think leads people away from God and by leaving out religion and legalism people would be free to just be themselves as children of God.

Answer 7

Dear Sir,

If you are really serious then I would like to take it reason, I have a daughter who is suffering from Thalesemia minor and her last treatment is due which will cost me INR 5.00 lacs. Rest I have small catering business in India, I would like to grow that and return your money with interest that too @ 3% per month. If you are really serious in lending I am there in you can touch base with me at [e-mail].

Answer 8

Mutual funds. Use the interest and take out a little for the basics. It's constantly growing, and investing now would mean an early and SWEET retirement.

Answer 9

I will take that money and invest in stocks. But for now I can trade stocks with CNBC bucks to win a million dollars. Want to become a new millionaire? You can join today and win real money. It is all FREE.

Answer 10

I still plan on living for atleast 60 years so I'd have to get on Welfare to live, along with that money if I wanted to survive.