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-   -   You Have 300k what do you do (https://www.miataforumz.com/off-topic-discussion-10/you-have-300k-what-do-you-do-800/)

RedTurboMiata 03-09-2012 08:37 PM

You Have 300k what do you do
 
You are given 300k, Plan out what you do with it. Cars, House, start a business, Donate to charity?
Account for your spending.

thirdgen 03-10-2012 08:37 AM

In the words of MT.net...
"Hookers and Blow"

aaronc7 03-10-2012 08:57 AM

what he said

y8s 03-10-2012 08:57 AM

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.

thirdgen 03-10-2012 10:52 AM

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:

y8s 03-10-2012 11:35 AM

lol at paying off house and still having 200k left over. not in the dc metropolitan region!

ZippyMX-5 03-10-2012 12:53 PM

Buy a house and get my engineering degree.

curly 03-10-2012 01:31 PM

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 -------.

RedTurboMiata 03-10-2012 02:58 PM

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.

thirdgen 03-10-2012 09:10 PM


Originally Posted by RedTurboMiata (Post 13615)
house would have a separated garage, make that insulated and heated with a lift. 20k.

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.


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