What would you do with it (seriously)?
2007-10-19 13:01:04 · 7 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
buy ps3
2007-10-20 09:42:37 · answer #1 · answered by Jack Shephard 2 · 0⤊ 0⤋
Step 1: Give 10% to my church.
Step 2: Pay off EVERYTHING except my mortgage.
Step 3: Put 6 months expenses in a money market account.
Step 4: I have about $40K left. After applying that to my mortgage, I would refinance the remainder on a 15 year fixed rate mortgage.
The extra cash flow from eliminating payments will allow investment for retirement.
2007-10-19 13:55:29 · answer #2 · answered by STEVEN F 7 · 0⤊ 0⤋
Well, it depends where you are. In Canada, I'd buy a rental property as the housing market continues to boom and you realize a 7 percent increase in value while the property mortgage is paid down by an average of 3 percent through the rent income. End result, you make 10 percent of the property value every year.
Another alternative is to look at Gold. It's projected to increase by to 800 dollars within 2008.
2007-10-19 13:06:01 · answer #3 · answered by whuz007 3 · 0⤊ 1⤋
Pay off all my bills (20k) and take a vacation to Vegas. Rest into a savings account
2007-10-19 13:13:06 · answer #4 · answered by Anonymous · 0⤊ 0⤋
If I have that amount, I will start my dream business. Put up a small business hotel in the province with internet cafe, etc.
2007-10-19 14:22:06 · answer #5 · answered by candy 2 · 0⤊ 0⤋
If i didn't earn the money I would put 55k into my IRA and take 10k and go to Vegas.
2007-10-19 17:16:55 · answer #6 · answered by bobby 2 · 0⤊ 0⤋
TAKE 60K AND INVEST IT NOW EVEN IF ONLY IN A 12M CD
2007-10-19 13:16:40 · answer #7 · answered by Anonymous · 0⤊ 0⤋