You Have 300k what do you do
You Have 300k what do you do
03-10-2012, 08:57 AM
#4
Moderbator
Join Date: Jul 2011
Location: DC Metro
Posts: 257
pay off debt above 4% interest rate (make sure you have 20% equity in your house to avoid PMI) and invest 90% of the rest in the 'daq and S&P after making sure we're not expecting a market correction or the Greece deal to fall through.
Spend the remaining 10% of what's left on hookers and blow and fun stuff.
I'm a naive believer in the market recovering faster than 4% / year over the next several years.
Spend the remaining 10% of what's left on hookers and blow and fun stuff.
I'm a naive believer in the market recovering faster than 4% / year over the next several years.
03-10-2012, 10:52 AM
#5
MFz Regular
Join Date: Jul 2011
Location: Schuylkill County, PA
Posts: 265
I would pay off my house and retire, sort of. What I mean is, I wouldn't have debt then, and I'd still have like 200k left over easily. I still need my 401k and medical benefits, so I'd go to work and do a Tyler Durden and end up like this:
03-10-2012, 01:31 PM
#8
MFz Regular
Join Date: Aug 2011
Location: Oregon City, OR
Posts: 200
Pay off house, cars, and some remodeling. That'll leave me and my girlfriend with $2050 extra a month, and without remodeling, $70,000. Are "wants" are fairly low key. Some new furniture, finish the deck out back along with landscaping, add a central air unit and extend our fence along the side so my dog has a little more room to play. I think we'd still have around $50,000 left.
My girlfriend would then demand a ring and vacation, neither of which I'd object to. After that, we'd probably pay off a student loan or two, put some money away, boring ---- like that.
If I had any money to my miata, as this is a miata site, I'd probably be fairly conservative. A TSE motor, 949 clutch, Xida coilovers, Abe would have to build me a 1.8 setup, and a dedicated set of 6uls with NT01s.
This would take away nearly all our currently planned expenses and together net us around $2500 extra per month, which can pay off other debt and expenses incredibly quick, and make our life extremely comfortable. Thanks -------.
My girlfriend would then demand a ring and vacation, neither of which I'd object to. After that, we'd probably pay off a student loan or two, put some money away, boring ---- like that.
If I had any money to my miata, as this is a miata site, I'd probably be fairly conservative. A TSE motor, 949 clutch, Xida coilovers, Abe would have to build me a 1.8 setup, and a dedicated set of 6uls with NT01s.
This would take away nearly all our currently planned expenses and together net us around $2500 extra per month, which can pay off other debt and expenses incredibly quick, and make our life extremely comfortable. Thanks -------.
03-10-2012, 02:58 PM
#9
Red To Go
Thread Starter
Join Date: Jul 2011
Location: Canton, MI
Posts: 2,600
finish college, buy house equals out to around 170-190k
house would have a separated garage, make that insulated and heated with a lift. 20k
spend 10k on a dd and keep the miata. put the rest in CD's with high interest rates.
house would have a separated garage, make that insulated and heated with a lift. 20k
spend 10k on a dd and keep the miata. put the rest in CD's with high interest rates.
03-10-2012, 09:10 PM
#10
MFz Regular
Join Date: Jul 2011
Location: Schuylkill County, PA
Posts: 265
I just spent 10k to build a 24x32' garage and I don't even have electric or concrete out there yet. I bet after concrete, insulation, heat, electric, garage door openers, and a lift...maybe 20k would be possible.