If you had $73,000 what would you do with it?

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Geekbabe

Moderator Emeritus<br>Elite Member
Oct 16, 1999
32,176
2,414
126
www.theshoppinqueen.com
Originally posted by: iamme
Originally posted by: baffled2
LOL,I'd have to find somebody who wanted to help me have fun spending some of it :)

Put that in the Want Ads, and I'm sure you won't have any problems finding someone :)



Rotflmao !!! I don't think I'd need to resort to the want ads but thanks for the suggestion :)
 

TwinkleToes77

Diamond Member
Jul 13, 2002
5,086
1
0
Here in Ontario, lottery winnings are tax free. I would pay off all my debts. Though, my debts aren't all that high. Just some tuition loans and credit cards. I would also give $25000 to my fiance to help pay off his mortgage, but he could chose to invest it also. and then I would invest the remainder which would be about $25000 as well.
 

MichaelD

Lifer
Jan 16, 2001
31,529
3
76
Interesting responses. There are no creditors banging on my door. In fact, I have not had a single late payment in almost 9 years. Not once. :)

If after taxes etc, I was left w/50K, I would pay off my debts...even if I would be again, broke. That's what I would do. I was curious to see what everyone else would do.

So far, I think trmiv's idea is the coolest. There's a man who really does know what desire lurks in his heart; a really snazzy race trailer w/all the goodies. :) Good stuff.
 

Gibson486

Lifer
Aug 9, 2000
18,378
1
0
If I just got 50k, I would give 20k to my mom and invest the other 30k. The market is doing poorly right now, but i figure if invest long term, some of those stock such as ATI will make a good turn after I get out of college in 5 years. Maybe "struggling" companies like Raytheon will finally get some results.
 

Ben50

Senior member
Apr 29, 2001
421
0
0
I would pay for my fall semester of college and give the rest to my dad who is a day trader. He would probably double it for me by the time next fall rolls around. Then I would buy a nice car and finish off college debt free.
 

RossMAN

Grand Nagus
Feb 24, 2000
78,794
266
116
Pay off all my debt because I'm betting the interest rate you're paying would be greater than investing the money.

All I need to be debt free is around $40k so I'd put the other $23k into a mutual fund or something like that.
 

rh71

No Lifer
Aug 28, 2001
52,853
1,048
126
Buy a BMW X5 4.4i fully loaded or the 4.6is version, almost fully loaded. :)
 

Noriaki

Lifer
Jun 3, 2000
13,640
1
71
Pay off all my 'mob' debts which I'll never have. Then my credit card debts, which I'll doubtfully have with my whoopping $1000 Visa (which I don't really ever want raised). Pay off as much of my Mortgage as I can.

If there is anything left it goes to computer gear for my Condo and a big ass TV.

Maybe a little hot tub/jacuzzi deal to. Watch TV from my jacuzzi after work. hahaha.

And if I did get 21 million I wouldn't buy a car and a permanent hooker.

I'd give a bunch to my Sister (and Nephew), a bunch to my Mom (and Brother), and a bunch to my Dad.
Probably some to my Aunt and Uncle (who support me right now through University).

Then I'd buy a nice condo, lots of computer gear, a jacuzzi, a REALLY big TV, and a nice 5.1 stereo surround system. So I can watch DVDs in 5.1 surround from my jacuzzi on a TV that puts the movie theatre to shame ;)
 

Balthazar

Golden Member
Apr 16, 2000
1,834
0
0
First off, screw the Ferrari Enzo, ugly POS....

Secondly, I would preffer a black haired asian hottie in the passenger side of a 911 GT2 :)

Aside from that, invest it all through a GOOD broker and then one day you WILL be able to pay off all that debt, AND buy that car, and if your smart enough, you could possibly live off that for some time to come....at the very least make a nice compliment to your income.
 

Martin

Lifer
Jan 15, 2000
29,178
1
81
50k US = 80000 CDN

So
40000 university education
4000 new lappy
3000 new luxuries (mindstorms, iPod, cell phone, PDA, clothes)
3000 new tv and home theatre

20000 = retirement fund
10000 = high interest savings (GIC perhaps?)

:D
 

tokamak

Golden Member
Nov 26, 1999
1,072
0
0
Originally posted by: ddjkdg
Originally posted by: pio!pio!
wtf how can u owe 20-25K in credit card debt? that is just insane! that is not a normal persons debt

You must not have read about this website...

that site can't be for real. if i'm gonna give some random ho money, i at least want some pictures in exchange! ;)
 

N8Magic

Lifer
Dec 12, 2000
11,624
1
81
$50,000 = $80,000CDN (as Skoorb previously stated)

$28,000 to pay off my car
$5,000 to pay off credit cards
$20,000 to finish my home theatre

Leaving $27,000 to invest and top up my RRSP contributions.
 

PsychoAndy

Lifer
Dec 31, 2000
10,735
0
0
Originally posted by: N8Magic
$50,000 = $80,000CDN (as Skoorb previously stated)

$28,000 to pay off my car
$5,000 to pay off credit cards
$20,000 to finish my home theatre

Leaving $27,000 to invest and top up my RRSP contributions.

Marty has just been called skoorb. If I were marty, i would be very insulted ;)
 

N8Magic

Lifer
Dec 12, 2000
11,624
1
81
Originally posted by: PsychoAndy
Originally posted by: N8Magic
$50,000 = $80,000CDN (as Skoorb previously stated)

$28,000 to pay off my car
$5,000 to pay off credit cards
$20,000 to finish my home theatre

Leaving $27,000 to invest and top up my RRSP contributions.

Marty has just been called skoorb. If I were marty, i would be very insulted ;)

:eek:

It was the avatar, I swear!

At least they're both Canadian. :D
 

MajesticMoose

Diamond Member
Nov 14, 2000
3,030
0
0
I'd buy a boat, maybe two. hmm, i think i said just that in a different, similar question yesterday. I have sort of a one track mind here:p
 

rh71

No Lifer
Aug 28, 2001
52,853
1,048
126
Originally posted by: tokamak
Originally posted by: ddjkdg
Originally posted by: pio!pio!
wtf how can u owe 20-25K in credit card debt? that is just insane! that is not a normal persons debt

You must not have read about this website...

that site can't be for real. if i'm gonna give some random ho money, i at least want some pictures in exchange! ;)

I checked out that site with a truly open mind. In the end, I must say - tough $#!T for her. She accrued debt and just kept on going. It's not like she had a large hospital bill to pay at one time or anything. Bloomingdales - she says. Great. And what does she do now? She goes and PURCHASES her domain name savekathryn.com and who knows how much for the webhosting. So while she is probably still enjoying the expensive stuff she has bought in the past, we're supposed to donate money to her? To such a cause, I'd give $1. Hell I'll give $5 to a complete stranger. But NOT to someone who knowingly built up her debt because of materialistic things in life. Anyone ever see the http://www.buymeaferrari.com site ? $547 from internet users. These people will try anything...
 

Ulfwald

Moderator Emeritus<br>Elite Member
May 27, 2000
8,646
0
76
Pay off all my bills, that would leave me about 25K left over, trade in both cars and pay cash for a new one, that leaves me about 20K left over. Home improvements, 10K, the other 10K would then go into a money market that could only be touched by my son when college came around.
 

Chaotic42

Lifer
Jun 15, 2001
33,929
1,098
126
In that case, I'd pay everything off.

In my case, I'm $1000 in debt, so I'd have $50,000 after taxes.

I'd buy 4 years at MS State or LSU.

That would leave me about $35,000.

With that I'd buy a Toyota Tacoma, and have about $15,000 left. I'd bank it, and let my new degree enriched resume fly....