If your mom died and left you $50,000 dollars. What would you do with it for our family?

Answer 1

I would bank most of it and maybe take the family on a trip.

Answer 2

The best thing you can do is invest it. Though it may seem like a lot of money, you could spend it very quickly and it won't change your life at all. If you invest it, in time it can become very significant. Use the "rule of 72." Divide any interest rate into the number 72 and the answer is how long it will take the money to double with compounding. So, invest it at a 10% return, and in 7 years you have $100,000, 14years $200,000.

Answer 3

Sadly - $50K isn't all that much... you might make a few "home improvement repairs" ... buy a new car... or simply invest that money in the hopes of cashing out a larger amount later.

I guess another possibility would be to put it in a trust-fund type savings account to give to your kids (her grandchildren) so they might have a little extra cash when they go to college.

Answer 4

I think I would take everyone to disneyland or something like that. i would take them on a mini shopping spree. I would also save a little for them for college. I would also maybe take them on a mini vacation , like hiking or a camping trip, just to spend more family time.

Answer 5

I wuld take a trip to Czech to find her family ther. That is her dream and I would live it out. Then I would begin a trust for my daughter for college because she is big on education and doing better for yourself.

Answer 6

For this type of short trip, why did not the ROYAL kinfolk ALL fly interior the Gulfstream airplane!??? WHY drag AF1 out each and every time they choose a metamorphosis of ecosystem!? What do the two of them do, to warrant a trip in basic terms approximately each month of the twelve months? Obama made ONE small trip right down to the Gulf to look on the sea, yet he has yet to circulate to Arizona to be sure for himself what is going on there! It rook him DAYS earlier he even made a remark on the citadel Hood Incident, and the guy's failed attempt to explode that airplane on Christmas Day, Obama considered THAT an remoted incident that did not warrant quite some HIS interest! From his different strikes, this is obtrusive, he's brushing aside and ignoring the different traditions previous Presidents have completed! alongside with laying a wreath on the tomb of the unknown solder - NO! he is going working off to MIchigan to play along with his friends! He acts like a one guy band, not trusting his Senators to marketing campaign for themselves! i think quite sorry for that undesirable canines! i don't se how they might desire to time to bond with him! i will guess they by no potential take him for a walk, or %. up his "promises"! From the way they have been appearing presently, curiously like issues are not a mattress of roses interior the Obama enjoyed ones!!! He is going one way, and he or she takes to the air in yet another!!! What befell to all her friends in this trip? I by no potential heard that THEY have been presented to the King and Queen of Spain!! the place did THEY circulate, while Michelle and the child had that reach of sea coast to residing room on?? If this grew to become right into a private trip, one might think of she might have liked to BE with them!! i'm beneficial the King and Queen of Spain weren't THAT interested in assembly this wannabe Queen of u . s . a . of america, except this assembly grew to become into diplomatic, and were arranged by potential of the government earlier she left the States! you in basic terms do not circulate knocking on Royalities doorways whenever you damn nicely experience like it!!! SHE would not have that style of skill!!! SO! Obama! grew to become into it in basic terms a private trip, or an valid one!? Does Michelle have her receipts!? How did their nutrients gets a commission? a central authority mastercard - one which has NO Cedit decrease, or did she use her very own? There must be a checklist of her expenses someplace! permit's have some transparency with those human beings for a metamorphosis!!!

Answer 7

pay off any bills from the funeral so that none of the family is left with that bill, and after that maybe hold a family Reunion and pay for it to be catered

Answer 8

$50,000 isn't much. I assume you mean what would I do with it for my family NOT your family.

I would pay off the mortgage and invest the rest.

Answer 9

Divide it equally among each one in the immediate family

Answer 10

No offence, but I wouldn't do anything with it for your family. I would spend it on my family. I'd probably spend it on education. Knowledge is the ultimate power.