If you had had $100,000. what would you do? I would spend some at the SC & the rest I would buy lots of guns & ammo. So I can't wait to here what y'all will do
1. Pay off my debt
2. Travel a bunch first stop Disney in Florida
3. 2nd stop extended vacation in Seatle few people i wanna spend time with
Just enjoy life with out the stress of debt would be a biggie
The last time there was a giant lottery CNN asked this question and someone posted "I'd spend 1/2 on hookers and blow and the other 1/2 I would just waste". That's one of my favorite quotes.
I just bought a new car, but would probably replace my 7 year old work van. Maybe blow a little at casino or strip club. Then invest the rest in dividend paying stocks to help support me in my rapidly approaching retirement years.
I'd save some money to pay taxes, then when my income dropped back to normal if that counted as income, I'd put it in an ira and then convert that ira to a roth ira and then invest it. I might talk to a financial advisor to determine if I lost money, which would be easier to deduct,a roth ira or a regular brokerage account. Other than that I probably wouldn't do much more different.
Maybe I'd put it all except money to pay taxes in an ira and then convert it right away to a Roth IRA, let those funds grow tax free so I can attempt to have as much as Shadowcat when I reach retirement age. I might buy a pizza and a few extra lap dances if I won the money. You didn't say how we supposedly got the money. I was assuming this would be additional funds from something we won. If that's the case, the IRS would likely take 25% to 39% before we hardly even saw it, then the state would get a big cut.
Probably take a two week trip to Europe or South America, stay in nicer accommodations that I would normally. Stick a few thousand away for the next Vegas trip. The rest would go to paying off the mortgage on my house or one of my rental properties.
If I were given $100,000 all at once...If possible, I would use a portion of that to purchase partial ownership of one of the local clubs. Why should I piss away my money in a strip club when I can get paid BY the club instead? If not, then I'd put a down-payment on a 2BR house in town, fix it up if necessary then immediately start screening prospective tenants to rent the place. Let the tenants pay the mortgage etc. for me. Wait a few years & keep track of the real estate market, so I would know when to sell the house.
After that, I'd check out the clubs in Spain. Madrid, particularly.
34 comments
Latest
-Grits & Gravy
2) Lower my home insurance costs to a sane level.
3) Continue on as I have in the past with a little more pocket money.
2. Travel a bunch first stop Disney in Florida
3. 2nd stop extended vacation in Seatle few people i wanna spend time with
Just enjoy life with out the stress of debt would be a biggie
Us older guys seem more practical. Maybe because we were before the instant gratification populous.
"I'll tell you what I'd do, man: two chicks at the same time, man."
RE: @Clubber-Taking shots at the younger generation, I see.
Well of course. One of the privileges of age! :)
tumblingdice,
RE: Whats a matter for you Clubber, Harley wouldn't start?
Of course it would start, but a bit to cool for us Southern rednecks fellers.
SlickSpic
RE: @Clubber-I'd do the same things that you would do. It makes sense.
See. In just a few hours you got old enough to see the wisdom of my thought.
After that, I'd check out the clubs in Spain. Madrid, particularly.
An excellent option that didn't cross my mind. However, I don't know if I could deal with all the BS of owning a club.