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Empyrean
16992 Posts
I was just wondering what you would do with it. Would you put it in an index fund of some sort? A more aggressive investment? Let's say you have approx. 100k left on your mortgage at 4.375%. Would you pay off the mortgage? Would you buy some cheap real estate and try to rent it out or something? Just wondering what you guys would do :O   | ||
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GERMasta
Germany212 Posts
Money is of little importance to me. "Verily, he who possesseth little is so much the less possessed: blessed be moderate poverty!" - Nietzsche, Also Sprach Zarathustra | ||
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seanisgrand
United States1039 Posts
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NIIINO
Slovakia1320 Posts
+ Show Spoiler + Brake up with my GF so I can bang sluts I would build up great household and buy some restaurants / hotels / gyms / pools / pubs to make even more money then split to kids who never had shit. Ofc I always wanted http://uk.boats.com/boat-details/President-Sterling-130/1213040 and horse xD | ||
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skindzer
Chile5114 Posts
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Horrde
Canada302 Posts
I would probably start on a mortgage with down payment, buy a sea-doo for family use during cottage weekends, and invest the rest. Nothing other than that would change. It's a lot of money, but not a huge amount where I could live lavishly like a celebrity from. | ||
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Zergneedsfood
United States10671 Posts
On December 23 2010 04:35 Sauwelios wrote: Pay off the debts of my parents, pay for college, give some of it to family members who live in poverty, donate the rest to charity. Money is of little importance to me. "Verily, he who possesseth little is so much the less possessed: blessed be moderate poverty!" - Nietzsche, Also Sprach Zarathustra When you have debts? I call bs.  II don't have any debts since I'm not in college yet....but.... I'll invest a third into the stock market. I'll probably do what my friend does with Apple stocks. Then I'll use another third and buy a really nice computer so that I can run crazy stuff. I'll probably buy the most expensive Internet I can along with that. Maybe a bunch of other neat equipment. That probably shouldn't cost more than 10K though... By that time, I'll have another third and maybe 23K after that last investment. I'll probably use a couple thousand on average day spending (food, etc.)..... Finally all the remainder will be saved in a bank with the highest interest deal I can get (which...in the US...will be hard to comeby), and wait for my college debts to roll in. | ||
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Haemonculus
United States6980 Posts
Aside from that I'd probably put most of it in the bank and just sorta continue day to day as normal, (albeit with a huge security blanket and thus probably a lot less anxiety). | ||
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Raeleigh
Canada902 Posts
10k to pay off school 10k to have to spend/use to live for the next 6 months 75k on the rest of my mortgage that I for some reason have but don't own a house or anything. ^_~ But if I didn't have that mortgage.. 5k into savings account 10k to pay off school 20k to spend on whatever i want(new clothes, new computer, trips, so on) 65k to spend on living for the next however long that will last. All the money I'd make while working(because I'd still be working after I took off like a month) before school, during school, and after I've completed school and I'm working what I want(my course is only 6 months long), would be going into another savings. Every year with the tax free savings account you can deposit a maximum/have a maximum of 5k in your account. It goes up by 5k. So 1st year 5k, 2nd year 10, so on and so on~ (I think, at least XD) so I'd keep adding to it as well. =] I might invest some into savings bonds or something, I don't know, haha. | ||
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Coagulation
United States9633 Posts
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Najda
United States3765 Posts
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Raeleigh
Canada902 Posts
On December 23 2010 04:55 Coagulation wrote: how the hell do you have a mortgage without owning a home? Are you talking about me ;o If so.. On December 23 2010 04:25 Empyrean wrote: Let's say you have approx. 100k left on your mortgage at 4.375%. Would you pay off the mortgage? Would you buy some cheap real estate and try to rent it out or something? Just including this as well~ Edit: Also, you could have bought the house, then decided to sell it as you were still paying it off, so you'd have a mortgage, but no home. You see? ^_~ | ||
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sl
Canada239 Posts
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Milkis
5003 Posts
Travel the world. | ||
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Roxen
United States11 Posts
This is what I plan to do instead of buying a house in the future. Costs are roughly the same on a 4plex/smallish house and I'll be getting rent from 3 tenants which should cover most, if not all of the loan payments. | ||
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wooozy
3813 Posts
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KOFgokuon
United States14896 Posts
On December 23 2010 05:16 Roxen wrote: I would probably buy a small apartment building, like a 4plex (Real estate is cheap where I live). Live in one of my apartments and rent out the rest. This is what I plan to do instead of buying a house in the future. Costs are roughly the same on a 4plex/smallish house and I'll be getting rent from 3 tenants which should cover most, if not all of the loan payments. What the....how can you buy a BUILDING with 100k???? There's no way real estate is THAT cheap Honestly 100k really doesn't go that far, Unfortunately the market is high right now so I probably would not invest heavily, I'd probably revamp my apartment with new furniture, buy a ps3, stop waiting for stuff to go on sale on steam and just pay full price, and then save the rest while waiting to see if the market drops below 10500 k again before moving in | ||
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Chef
10810 Posts
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Roxen
United States11 Posts
On December 23 2010 05:20 KOFgokuon wrote: What the....how can you buy a BUILDING with 100k???? There's no way real estate is THAT cheap Depends on the 4plex, I've seen decent ones in the 100k-200k range. I guess that's one good thing about Idaho, cheap real estate. -_- | ||
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XsebT
Denmark2980 Posts
 + Show Spoiler [actual (and quite standard) answer] + Travel "To travel is to live" - Hans Christian Andersen | ||
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BroOd
Austin10831 Posts
![[image loading]](http://imgur.com/Hep8o.jpg) Two chicks at the same time, man. | ||
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Archaic
United States4024 Posts
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Avila
Canada39 Posts
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QuanticHawk
United States32073 Posts
On December 23 2010 04:47 Haemonculus wrote: Eat out at an absurdly expensive restaurant every night for probably a week. Aside from that I'd probably put most of it in the bank and just sorta continue day to day as normal, (albeit with a huge security blanket and thus probably a lot less anxiety). This On December 23 2010 05:55 BroOd wrote: Two chicks at the same time, man. Plus this and a little traveling for good measure. $100k ain't a whole lot at all. It's a security cushion and a little cash to have fun and maybe do a little investing, not something to go quitting your job over. | ||
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DoubleZee
Canada556 Posts
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kzn
United States1218 Posts
If you just handed me 100k, I'd invest it somewhere with more risk for like an 8-10% return. Its not really that much money. | ||
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joban
179 Posts
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Tazza
Korea (South)1678 Posts
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Seltsam
United States343 Posts
I don't like having lots of money. I'm not a huge fan of capitalism (yeah yeah, let's not get into a big argument, please), so I'd probably just buy a nice desktop PC, a bunch of awesome ingredients and cookware, and... that's about it. I have no car payments, make enough to make rent now, and I have less than a year left in school which is already paid for. Soooo I'd spend that first 4,000-ish dollars and probably just give the rest away. I know it sounds all self-righteous to be like, "GIVES IT AL TO CHARITYZ" but I probably would. But I'd be really selective about it. There are some really awesome charities that raise barely any money. I guess I'd probably do some research first. But you have to remember: this is AFTER I buy an awesome computer. And like 6 copies of SC2 so I have have 5 smurf accounts. | ||
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Cr4zyH0r5e
Peru1308 Posts
10k finish paying for school in the upcomming years. 2k take a 3 week vacation to Peru ^^! give 10k to mom 20k on SP500 for a couple months and check things out. save 50k for Lawschool / when I actually need it. | ||
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infinity2k9
United Kingdom2397 Posts
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BrTarolg
United Kingdom3574 Posts
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azndsh
United States4447 Posts
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sixduck
United States301 Posts
go see the world, korea specifically. I like having money, but I barely ever spend it. So with whatever is left I'd probably just give it all to my friends or family. | ||
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Backpack
United States1776 Posts
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Tal
United Kingdom1017 Posts
Not having to work for a while would be wonderful. | ||
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Kezzer
United States1268 Posts
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lixlix
United States482 Posts
Just kidding. Hookers and blow obviously. | ||
Rekrul
Korea (South)17174 Posts
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MrBitter
United States2940 Posts
On December 23 2010 04:25 Empyrean wrote: Title is pretty much self-explanatory. I was just wondering what you would do with it. Would you put it in an index fund of some sort? A more aggressive investment? Let's say you have approx. 100k left on your mortgage at 4.375%. Would you pay off the mortgage? Would you buy some cheap real estate and try to rent it out or something? Just wondering what you guys would do :O 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. | ||
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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
Norway28678 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)17727 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: 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 States18918 Posts
Call me boring, but I'll spend my money that would be spent on the mortgage on prostitutes afterwards. | ||
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Oystein
Norway1602 Posts
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ffswowsucks
Greece2297 Posts
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NeverGG
United Kingdom5399 Posts
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plated.rawr
Norway1676 Posts
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QuanticHawk
United States32073 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..... You don't have enough flair to post here. | ||
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