EPT[H] Hypothetical: what would you do with 100k? - Page 3
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geometryb
United States1249 Posts
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Hidden_MotiveS
Canada2562 Posts
On December 23 2010 11:18 MrBitter wrote: Obviously I would square any remaining debts first, but any leftover, liquid cash I would immediately reinvest into property. I bought an investment house a couple months ago for $21k and am already renting it for $750/mo. 5 more of those and I'll be on easy street.  A house for $21k? I had to check your country on that one. 10k to paying off current college debts, reserve 10k to future college debts. Probably 30k more reserved for the rest of my schooling, so my parents don't have to pay. Then 50k on... I'd like to build something. Screw investing, unless it's in something 99% reliable. I'd like to try to start a business, a non profitable one even, with my very own website... or I'd research something else of interest and try to buy a patent on that. | ||
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Shaman.us
United States319 Posts
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nayumi
Australia6499 Posts
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Liquid`Drone
Norway28731 Posts
maybe $1k-1.5k on travelling somewhere 97-98k mortgage | ||
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KurtistheTurtle
United States1966 Posts
1.5) add additional money for stuff I know I'll owe (tuition + rent) 2) take 10% and set it aside as spending $$. if thats more than 1 big-ticket item I'd split it up over a couple months (like computer one month, tv the next, vending machine the next) 3) take the other 90% and invest it in index funds @ 8.3% of total/month starting immediately | ||
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Entropic
Canada2837 Posts
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SpoR
United States1542 Posts
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Ilikestarcraft
Korea (South)17733 Posts
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Insanious
Canada1251 Posts
- Re-invest the interest back into making more money. - Pay off student loans as soon as school is done - Keep rest in investments till I decide to use part (or all) of what I have for a down payment on a house. | ||
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gen.Sun
United States539 Posts
And your mortgage is fucking low. In no circumstances are you to invest in a house you don't plan to live in. Sorry but real estate is terrible right now. | ||
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Joementum
787 Posts
On December 23 2010 16:02 gen.Sun wrote: And your mortgage is fucking low. Shouldn't be too hard to get a mortgage around that % for anyone. Just look around. I don't recall my parents ever having a mortgage above 4.5% and they've had 3 houses in their lifetime already. $30k into a savings for the rest of my college expenses. $20k to invest into my current reselling business. $25k invested somewhere safe, so I can use it as a down payment for my house when I graduate from college and get a job. $20k invested with the $30k above to be used as a down payment for the car I want when I graduate from college and get a job. $5k to send my parents away somewhere for a month or so. Not only are they gone from the house, but it'll be nice for them since they haven't gone anywhere in 2 years. On December 23 2010 16:02 gen.Sun wrote: In no circumstances are you to invest in a house you don't plan to live in. Sorry but real estate is terrible right now. Real estate prices are the lowest they'll be for a while right now. If you want to buy real estate, right now is the time. On December 23 2010 12:30 Hidden_MotiveS wrote: A house for $21k? I had to check your country on that one. 10k to paying off current college debts, reserve 10k to future college debts. Probably 30k more reserved for the rest of my schooling, so my parents don't have to pay. Then 50k on... I'd like to build something. Screw investing, unless it's in something 99% reliable. I'd like to try to start a business, a non profitable one even, with my very own website... or I'd research something else of interest and try to buy a patent on that. Even I don't know where to find a house for $21k here in the US. If I could find a house for $21k and rent it out for $750 a month, I would own a bunch of them by now. The rent pays for the mortgage seven fold. Damn New Jersey prices though. A decent one family house is about $300k or more right now. | ||
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Mickey
United States2606 Posts
2. Become a playboy millionaire. 3. Donate large amounts of my wealth to charity. | ||
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darklordjac
Canada2231 Posts
On December 23 2010 05:55 BroOd wrote: ![[image loading]](http://imgur.com/Hep8o.jpg) Two chicks at the same time, man. I've seen this before but can't remember the name of where it was from. You care to tell what movie its from? | ||
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HeavOnEarth
United States7087 Posts
On December 23 2010 10:31 Rekrul wrote: live in korea for 3 months you spend 1k a day? D; | ||
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imDerek
United States1944 Posts
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Mickey
United States2606 Posts
On December 23 2010 16:43 darklordjac wrote: I've seen this before but can't remember the name of where it was from. You care to tell what movie its from? Office Space. I honestly didn't like it too much, but I haven't had the displeasure of working in an office setting yet..... | ||
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eLiE
Canada1039 Posts
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darklordjac
Canada2231 Posts
On December 23 2010 17:44 Mickey wrote: Office Space. I honestly didn't like it too much, but I haven't had the displeasure of working in an office setting yet..... Oooh yes that movie thank you | ||
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Comeh
United States18919 Posts
Call me boring, but I'll spend my money that would be spent on the mortgage on prostitutes afterwards. | ||
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