what do you guys think?

[7window]

My cousin have $700000 included is the house equity. No job, no career. He needs help what to do next. He is 48 with 2 kids.

 

[OCGuy]

Cant get a loan with no job, so sell house. Move to skid row. Profit.

 

[NuclearNed]

Sell the kids?

 

[IceBergSLiM]

I suggest he get a job.

 

[techs]

Sell the kids?

Grow marijuana in the house.
And eat the kids.

 

[highland145]

My cousin have

$700000

included is the house equity.

No job, no career.

He needs help what to do next. He is 48 with 2 kids.

Selling drugs?

 

[highland145]

Grow marijuana in the house.
And eat the kids.

Already ate the wife?

 

[Blackjack200]

I will tell you the correct answer for $100,000

 

[OCGuy]

After reviewing the options put forth by ATOT, I have thought of the perfect one:

Have the kids sell and/or eat drugs.

 

[7window]

He saved $300000 and inherited some

 

[TheSlamma]

If he's got $700,000 in equity and needs help from an internet forum he's either a retard with a big inheritance or you are full of shit.

 

[Nitemare]

He saved $300000 and inherited some

doing what?

 

[7window]

office clerk

 

[Nitemare]

office clerk

he banked 700k in equity by shuffling papers?

 

[techs]

office clerk

he banked 700k in equity by shuffling papers?

Hey, AIG made billions by shuffling papers.

 

[highland145]

he banked 700k in equity by shuffling papers?

Maybe he was shuffling the boss. And her boss.

 

[HardcoreRobot]

better get a job, bc 700k wont last long with a mortgage and children

 

[GT1999]

Sell the house. Buy a house half the cost. Invest 100k in a Roth IRA. Keep the rest as liquid cash in a checking account and possibly some in a high interest savings account.

... and find a job.

 

[AndroidVageta]

Sell the house. Buy a house half the cost. Invest 100k in a Roth IRA. Keep the rest as liquid cash in a checking account and possibly some in a high interest savings account.

... and find a job.

This...the cheaper the means the better...

 

[TuxDave]

Sell the house. Buy a house half the cost. Invest 100k in a Roth IRA. Keep the rest as liquid cash in a checking account and possibly some in a high interest savings account.

... and find a job.

Is that even possible?

 

[GT1999]

Is that even possible?

There'll be plenty of money left over if he has 350k from selling his house.

100k - Roth or other investments. He could even do diversified stocks.
100k - checking
150k - high interest savings, such as ING or the like

For the Roth, you can start a Roth with whatever you want. I think there's a limit per year, but I'm no financial guru. I would just TRY to invest that much into something with mixed bonds/stocks/funds etc if he doesn't already have a 401k.

 

[ViviTheMage]

cash out and run

 

[olds]

Duh.
Post pics of his wife.

 

[TuxDave]

There'll be plenty of money left over if he has 350k from selling his house.

100k - Roth or other investments. He could even do diversified stocks.
100k - checking
150k - high interest savings, such as ING or the like

For the Roth, you can start a Roth with whatever you want. I think there's a limit per year, but I'm no financial guru. I would just TRY to invest that much into something with mixed bonds/stocks/funds etc if he doesn't already have a 401k.

Roth IRA contribution is still maximum $5K per year even when opening a new account. You may be thinking of traditional accounts that have a higher limit.