If I gave you $250,000

T

tbone

250+ Posts
cash to use to change you life in anyway you wanted, what would you do?

New career, move somewhere, start a business, pay off bills, put in in the bank and sleep easier, education for kids?

Only catch is you can't just blow it on partying, or two girls at once.

So, what would you do?
 
Same, Buy a house up north. Im going through a first purchase now and its no fun after socking away the funds for a ring
 
Very easy, pay off our debt, including house and car. Put 50K away for my daughter's college, and whatever was left would go to my mother to help her pay off the debt of a failed business partnership so that hopefully she could retire.

Then, debt free, I'd save up to buy a very high MPG car for the commute. Pay cash for said car. Drop 5% of each month's salary from both my wife and myself into our 401k to supplement the pension we already have as state employees.
 
I think about hitting a piece of the lottery often.
biggrin.gif
 
Pay off all debt,increase the amount of our kid's college funds and invest the rest. I wouldn't buy a house where we live now because I think prices are going to continue falling and we'll only be here another 2 years.
 
Mac,

Where do you guys see yourselves after WA? Or better yet, where do you hope to be? I'm in the same boat as you. We're renting here in OC and would never consider buying until this market bottoms out. My financial advisor here says 2-3 years, the Realtors are all saying the end of this year. Yeah, right. I think I know who I will listen to.
 
CAD,

That's a loaded question. We could end up anywhere the Army has a brigade or more with a few exceptions.

Where we want: There's a slot at West Point that will come up when my wife is done here. Her old boss has it now and he can lobby for her to get it (a little). We most likely would not buy a house in NY either. Italy or Germany wouldn't be too shabby either.





stabone, is this a contest? Because if it is, I can write up something real nice like.
 
Down Payment on house, start small buisness, and get pilots license and some to charity.
 
Let's see, pay off my house, buy a new vehicle; that would leave me about $80,000, enough to buy my retirement land in/near the mountains. Retirement is ten years away. With the mortgage gone, that would be like a nice pay raise.
 
Put a nice fund away for the rest of my schooling, pay off the rest of my parents house, and probably set aside money for my niece and my best friend's niece so they can go to college.
 
It's not enough to retire on and all my debts are paid. I'd have to invest it but I wouldn't know where. Probably in some tax free bonds like geezers are supposed to do.
 
Try to purchase adjacent property to our ranch, and if not successful build a house to replace the double-wide we currently have out there.
 
Wow, best friend's neice? Very noble.


Obviously, I'd give roughly ten percent each to my close family members and make sure my kid has school and vehicle taken care of.
 
pay off debt and have dinner a trulucks. put the rest in savings.
 
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