Comments on: What Would You Do With $100,000? http://www.moneyunder30.com/what-would-you-do-with-100000 Simple, Honest Financial Advice Thu, 09 Feb 2012 22:53:06 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Jake http://www.moneyunder30.com/what-would-you-do-with-100000/comment-page-1#comment-1831 Jake Thu, 30 Oct 2008 02:04:15 +0000 http://www.moneyunder30.com/?p=741#comment-1831 Buy my boss out, being my own boss would be the most satisfying thing 100,000 could get me. Plus it would be more lucrative. Buy my boss out, being my own boss would be the most satisfying thing 100,000 could get me. Plus it would be more lucrative.

]]> By: Lagron Al http://www.moneyunder30.com/what-would-you-do-with-100000/comment-page-1#comment-1830 Lagron Al Wed, 29 Oct 2008 23:10:00 +0000 http://www.moneyunder30.com/?p=741#comment-1830 I found a way to get 18% on the amount of money I invest on another persons debt to automatically be deducted into my bank account. With $ 100,000.00 Plan A: I would pay off my credit card, and find some nice investment property like a multifamily home, or restaurant that I would buy with the remainder of the money. (Of Course it would not pay for it all, but a nice down-payment would ensure that I get the property that would bring in a couple thousand dollars a month). Plan B: I would pay off my credit card, pay 20% to charity, (don't ask why I send 20% to charity of all my money every year) then buy a couple small online businesses, that would bring in even more money. ( I am one of those people who knows what to do with the money, so it does not go to waste, in my opinion.) ---- I bet you might be close to having $ 100,000.00 and you are not sure what to do with it. (Feel free to contact me at my e-mail lpresident@hotmail.com). I found a way to get 18% on the amount of money I invest on another persons debt to automatically be deducted into my bank account.

With $ 100,000.00

Plan A:
I would pay off my credit card, and find some nice investment property like a multifamily home, or restaurant that I would buy with the remainder of the money. (Of Course it would not pay for it all, but a nice down-payment would ensure that I get the property that would bring in a couple thousand dollars a month).

Plan B:

I would pay off my credit card, pay 20% to charity, (don’t ask why I send 20% to charity of all my money every year) then buy a couple small online businesses, that would bring in even more money.

( I am one of those people who knows what to do with the money, so it does not go to waste, in my opinion.)

—-
I bet you might be close to having $ 100,000.00 and you are not sure what to do with it. (Feel free to contact me at my e-mail lpresident@hotmail.com).

]]> By: Mary Sue http://www.moneyunder30.com/what-would-you-do-with-100000/comment-page-1#comment-1834 Mary Sue Wed, 29 Oct 2008 15:58:53 +0000 http://www.moneyunder30.com/?p=741#comment-1834 * Student Loans. * Charity. Aaaand, the money's spent. * Student Loans.
* Charity.

Aaaand, the money’s spent.

]]> By: Adam http://www.moneyunder30.com/what-would-you-do-with-100000/comment-page-1#comment-1832 Adam Wed, 29 Oct 2008 13:25:14 +0000 http://www.moneyunder30.com/?p=741#comment-1832 * 10k for instant gratification...new clothes, vacation, household items, home repairs, etc. * 10k to bolster my 'emergency savings' * 10k for playing around in the Foreign Exchange and Equity markets * 15k for my "New Car" fund account (following this general bit of advice: http://www.youtube.com/watch?v=OYHCzfPeldE ) * 55k for my Roth IRA * 10k for instant gratification…new clothes, vacation, household items, home repairs, etc.
* 10k to bolster my ‘emergency savings’
* 10k for playing around in the Foreign Exchange and Equity markets
* 15k for my “New Car” fund account (following this general bit of advice: http://www.youtube.com/watch?v=OYHCzfPeldE )
* 55k for my Roth IRA

]]> By: Amy http://www.moneyunder30.com/what-would-you-do-with-100000/comment-page-1#comment-1833 Amy Wed, 29 Oct 2008 13:20:16 +0000 http://www.moneyunder30.com/?p=741#comment-1833 I think it depends on how I got the $100K. If it was won then taxes will take up around 40% so I'd be left with $60K. I would tithe 10% right off the bat to charity so that would leave me with $50K. I'd take $15K to pay off my remaining consumer debt and then put the rest into CD Ladders, fully funding my Emergency savings. If I assume taxes didn't need to be taken out (this really is pretend now) then with the other $40K I would take a trip to Ireland and fix up my house. I think it depends on how I got the $100K. If it was won then taxes will take up around 40% so I’d be left with
$60K. I would tithe 10% right off the bat to charity so that would leave me with $50K. I’d take $15K to pay off my remaining consumer debt and then put the rest into CD Ladders, fully funding my Emergency savings. If I assume taxes didn’t need to be taken out (this really is pretend now) then with the other $40K I would take a trip to Ireland and fix up my house.

]]> By: Meg http://www.moneyunder30.com/what-would-you-do-with-100000/comment-page-1#comment-1835 Meg Wed, 29 Oct 2008 02:02:01 +0000 http://www.moneyunder30.com/?p=741#comment-1835 I would put $25,000 in my money market fund (12 months of basic expenses), $25,000 in my bond index for real estate reserves (almost 12 months of expenses), $5000 in my Roth IRA, spend $5,000 on myself (clothes, vacation, spa, maybe a personal trainer)... And then I'd hold the other $40,000 in cash until I am ready to use it for a home down payment, a car, etc. Then I'd be able to suspend all short term savings and max out my 401k. I would put $25,000 in my money market fund (12 months of basic expenses), $25,000 in my bond index for real estate reserves (almost 12 months of expenses), $5000 in my Roth IRA, spend $5,000 on myself (clothes, vacation, spa, maybe a personal trainer)…

And then I’d hold the other $40,000 in cash until I am ready to use it for a home down payment, a car, etc. Then I’d be able to suspend all short term savings and max out my 401k.

]]> By: the moneygardener http://www.moneyunder30.com/what-would-you-do-with-100000/comment-page-1#comment-1836 the moneygardener Wed, 29 Oct 2008 00:42:26 +0000 http://www.moneyunder30.com/?p=741#comment-1836 I would take the whole works and invest it in dividend growing stocks over the next 6 months. I would take the whole works and invest it in dividend growing stocks over the next 6 months.

]]> By: Fabulously Broke http://www.moneyunder30.com/what-would-you-do-with-100000/comment-page-1#comment-1837 Fabulously Broke Tue, 28 Oct 2008 19:52:27 +0000 http://www.moneyunder30.com/?p=741#comment-1837 Save it. I'll have about $70k net in cash after I am finished this project in December, and that's close enough to $100k for me. I'd just save it, put it in retirement, savings, EF, whatever. Even if I had a million, I'd just save it. There's no point in spending it. I want it to grow so I can retire comfortably and provide for my future kids/family. Save it.

I’ll have about $70k net in cash after I am finished this project in December, and that’s close enough to $100k for me.

I’d just save it, put it in retirement, savings, EF, whatever.

Even if I had a million, I’d just save it. There’s no point in spending it. I want it to grow so I can retire comfortably and provide for my future kids/family.

]]> By: Dedicated http://www.moneyunder30.com/what-would-you-do-with-100000/comment-page-1#comment-1829 Dedicated Tue, 28 Oct 2008 18:16:37 +0000 http://www.moneyunder30.com/?p=741#comment-1829 With youth a distant memory and retirement age getting closer, I am pretty much like you all. Except the money would pay down my home and debt with a bit left over to max out our retirement contributions and fully fund a self-insured life account. These rough times are not a stretch for you guys, they are a learning step. One that will help you to better reach your goals on the next step. I wish I had the lessons you all carry with you now, then. With youth a distant memory and retirement age getting closer, I am pretty much like you all. Except the money would pay down my home and debt with a bit left over to max out our retirement contributions and fully fund a self-insured life account.

These rough times are not a stretch for you guys, they are a learning step. One that will help you to better reach your goals on the next step. I wish I had the lessons you all carry with you now, then.

]]> By: Jason http://www.moneyunder30.com/what-would-you-do-with-100000/comment-page-1#comment-1828 Jason Tue, 28 Oct 2008 16:35:11 +0000 http://www.moneyunder30.com/?p=741#comment-1828 House, for sure. It's astonishing that for our generation, it's such a stretch to aspire to such things. House, for sure. It’s astonishing that for our generation, it’s such a stretch to aspire to such things.

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