So let's say you come into some money...

[RobMoney$]

...say $30 grand (US).

What do you do with it?

[Knuckles]

I'd order two high-end prostitutes. A voluptuous, redhead for Bob and a well hung, six packed beefcake for funk63.

[cosmo105]

pay off my student loans and credit card debt (really not all that much) and car, and...uh...shit. i guess buy a round of drinks with the rest. :(

[Bob]

pay off about 20% of my student loan debt

or maybe start a solo practice so that i'll have any chance of paying off the other 80%

[Knuckles]

or maybe start a solo practice so that i'll have any chance of paying off the other 80%

Can I design your business cards?

[Bob]

sure, but i'll need a second hooker

[RobMoney$]

I have no student loans to payoff anymore...been out of school for 15 years, and my CC debt is less than $1000.
I have a 20K car loan, but I'm only paying 2% intrest on that, and I owe less than that on my home in which I only pay 5.5% intrest.
I'm in no rush to pay either off.

I'd love to go back to school and finish my degree, but being away from it for 15 years makes that proposition daunting.

I think it'd be foolish if I don't use some of it for the future. Given the huge market drop, it's a great time to invest in a Roth IRA. My friend who's great with money suggested maintaining an "emergency 6 mos. worth of living expenses" fund which sounds like a good idea.

I'm also considering putting my home up for sale and combining the profit I make with the $30k to buy something else. It's an outstanding time to buy real estate.

I also want to have some fun with some of it too, like a vacation, or finishing off my basement and installing the stripper pole and spending the whole thing making it rain!

[RobMoney$]

I'd order two high-end prostitutes. A voluptuous, redhead for Bob and a well hung, six packed beefcake for funk63.


You'll probably have enough to afford a cup as well.

[saz]

i'd invest it, then give it some time and really think about making a worthwhile decision about what you want to do with it, ie new home, cottage, car, college money for kids etc.

[Dorothy Wood]

pay off $10,000 of student loans (I have 20,000 total left), pay credit cards off (about $2,000), buy an early 80's diesel mercedes and convert it to run on vegetable oil, take a trip around europe, maybe buy a little piece of land in the mountains out west for cheap (to build a tiny house on at a later date: tumbleweedhouses.com). save the rest for a rainy day.

or open a roller rink.

or screw the debt and vacation and just get a car and use the rest for a downpayment on a cheap foreclosed house.

dang, I wish I had 30 grand for real. :/

[bigblu89]

Pay off CC Debts, then probably invest the rest.

[Documad]

It's a really good idea to keep enough in savings to live off of for a while if something awful happens. My friend encouraged me to do it several years ago and it gives me tremendous peace of mind. I keep it in lost risk investments so I don't make much but I also lost nothing on my emergency account when the market tanked.

I'm always thinking of selling my home because it's cheap and would sell and taking advantage of the market to buy something else. But I don't owe much on my house and the payments are fairly small so if I lost my job I'd be safe. And it seems like many of the places that I'd want to mover are risky. I might buy a condo and then it would be underfunded and I'd be stuck. So I'm too nervous. I have been putting money into an account for home repairs and I'm thinking about doing a couple of fairly substantial things -- new bathroom perhaps. I'm hoping that because I have cash money to spend I'll be able to drive a hard bargain with the home repair people who shined me on a few years ago. :rolleyes:

I'd say that whatever you do, set aside a healthy amount to just blow. Like $1000 maybe. That way you get the jazzed feeling from found money but you aren't tempted to blow it all.

[RobMoney$]

Yeah, the "invest it" option is what's giving me pause right now.
I'm not about to put any of it into the market right now, but I want to move quickly before Obama can take most of it once he gets in.
That's why the $5k Roth IRA is probably one of the things I'm going to do first.
And at this point, the "6 mo. emergency living fund" could be kept in my mattress.

[ms.peachy]

Coke and hooker binge in vegas.

[Guy Incognito]

my sister is buying me out of the family home which was left to me and her and i should come away with about £45,000. Cant decide whether to pay some mortgage of and have a holiday and buy a nice new motor and a fridge load of peanut butter kitkats or just pay 90% of my current mortgage off. I dont know if its better to pay off all the debts and then start saving for stuff we want/need or to get the stuff now while i have the cash.

[trailerprincess]

I'd probably be quite dull and save a chunk or overpay on my mortgage
I'd definitely spend a bit though - a grand on a holiday, shoes, Bollinger and chili sauce.

[Lyman Zerga]

i would give it to the poor people







LOL! nah j/k

[Adam]

I have come into about 30% of that money with some investments I cashed a month or so back, and made a similar thread.

What I've done is:
Paid off my debts
Bought a motorcycle
Quit my job
Carry on with my degree again I put on ice...
...so far.

I am thinking of heading to america for a bit to see a friend who I haven't seen for nearly 8 years. But my present to me is being jobless for a bit and a motorcycle.

I don't need much to live off really. My pasta and pesto doesn't cost much and my WoW subscription is all the home entertainment I need. Modest rent to.

Its all pretty boring. 30k ain't so much anymore unfortunately.

[Helvete]

I have about that money already, (or did before Sterling nosedived against everything) and I'm not actually doing anything with it.

[Adam]

or did before Sterling nosedived against everything...

I hear Iceland is still cheap for us

[AceFace]

i would totally buy some land and open a Drive In Theater with modern conveniences! i think people are ready for it!

[camo]

Go on some fantastic holidays around the world and create some awesome times/memories (y)

[jabumbo]

for 30k i'd say about 20 would go to paying off the car/house, 5 would go to savings, and the last 5 would go into some sort of party/travel extravaganza with the friends and family.


it would be a great feeling to pay down that much of the house so fast, knowing i would have a lot more free cash for everything else

[b i o n i c]

I'm not about to put any of it into the market right now, but I want to move quickly before Obama can take most of it once he gets in.


why not?

[Planetary]

cottage

easy there rockstar

[mikizee]

Donate it to the mikizee foundation