Big Country 461 Posted July 11, 2007 I know we have all dreamed about what we would do if we were to win the lottery and tens, if not hundreds of millions of dollars. Heck, we've had threads about it. But, what would you do if you came into a lesser, albeit still substantial amount of money. Let's say something in the 50-100K range. Something that is significant, but won't be something to retire on. Would you be "responsible" with it and pay off debt or dump it all into savings? Would you have fun with it and buy toys like a new car, a boat or something else like pay for a nice vacation? Just curious what the typical Huddler would do. I was thinking about this last night since my wife had recorded "The Singing Bee" (worthy of a thread on it's own) and the guy won $50K. Started wondering what I would do if I had $50K hit me like that (granted, that is taxed, but let's say you end up with 50-100K after tax) Share this post Link to post Share on other sites
wiegie 18 Posted July 11, 2007 all into saving/investments Share this post Link to post Share on other sites
alexgaddis 34 Posted July 11, 2007 I would buy the Vikings and then travel the world for 2 years.... Share this post Link to post Share on other sites
MrTed46 12 Posted July 11, 2007 Pay off my mortgage Share this post Link to post Share on other sites
DMD 331 Posted July 11, 2007 throw it all into retirement/college savings and maybe buy a new gun or something. Share this post Link to post Share on other sites
peepinmofo 21 Posted July 11, 2007 Pay off debt, invest the majority, and buy something nice for myself and my fiancee. Share this post Link to post Share on other sites
Big Country 461 Posted July 11, 2007 Pay off my mortgage I wish 100K would pay off my mortgage. Share this post Link to post Share on other sites
yo mama 20 Posted July 11, 2007 (edited) Pay off what little CC debt I have. Give the Mrs. and I both $2,000 to spend as we choose. Dump the rest into a 529 plan. Edited July 11, 2007 by yo mama Share this post Link to post Share on other sites
MrTed46 12 Posted July 11, 2007 I wish 100K would pay off my mortgage. Wouldnt pay mine....will only dent it. Would have about 550k to go Share this post Link to post Share on other sites
godtomsatan 26 Posted July 11, 2007 5 years ago would have resulted in a week long coke/whore binge. Today, I'd stick it in the ol' savings account. Share this post Link to post Share on other sites
Yukon Cornelius 3 Posted July 11, 2007 i would become a streat pharmacist again. Share this post Link to post Share on other sites
KevinL 5 Posted July 11, 2007 I'd stop wondering how I was going to pay the lawyer for the next phase of my custody trial for my kids. Share this post Link to post Share on other sites
whoopazz 1 Posted July 11, 2007 Pay off what little CC debt I have. Give the Mrs. and I both $2,000 to spend as we choose. Dump the rest into a 529 plan. Same here, but maybe spend a little more on toys. Share this post Link to post Share on other sites
Savage Beatings 99 Posted July 11, 2007 10k in savings 10k in investments 5k on a nice vacation balance to pay down a butt load of debt Share this post Link to post Share on other sites
muck 22 Posted July 11, 2007 Invest and/or try to buy some/all of the land surrounding our new place on the south and the east. Share this post Link to post Share on other sites
skylive5 455 Posted July 11, 2007 Enjoy wine, women, and song.... .......... then spend the remainder foolishly. Share this post Link to post Share on other sites
Bier Meister 234 Posted July 11, 2007 clear debt. save/invest rest to try to start up my restaurant Share this post Link to post Share on other sites
HowboutthemCowboys 1,161 Posted July 11, 2007 Vegas. Share this post Link to post Share on other sites
cliaz 26 Posted July 11, 2007 50 - 100k. In order: 1. Pay off all debit [minus mortgage - need to have that good debit] 2. convert my 8 month worth of emergency bill fund to 1 year. 3. Invest full in my IRAs/kids 529s 4. Since we've paid off debit I would put in the full 15% into my 401K 5. Buy the wife something nice. Share this post Link to post Share on other sites
Chief Dick 486 Posted July 11, 2007 Enjoy wine, women, and song.... .......... then spend the remainder foolishly. This actually made me laugh out loud. Share this post Link to post Share on other sites
muck 22 Posted July 11, 2007 Invest and/or try to buy some/all of the land surrounding our new place on the south and the east. Upon second thought, I'd: 1) Give some away ... maybe a battered women's shelter, a home for unwed teens, etc. 2) Buy some new t-shirts; some of mine have been with me for more than 10 years. 3) Buy some new boxers; some of mine are pretty sad. 4) Half of whatever's left on a wide variety of small home improvement projects at our new place. 5) Invest the remaining half and/or use it to put towards buying some/all of the land surrounding our new place on the south and east. Share this post Link to post Share on other sites
Bill Swerski 0 Posted July 11, 2007 After taxes, that would come out to ~ $25-$50k. That would cover the student loans in my household. The rest would go in the bank. Share this post Link to post Share on other sites
Chief Dick 486 Posted July 11, 2007 Upon second thought, I'd: 1) Give some away ... maybe a battered women's shelter, a home for unwed teens, etc. 2) Buy some new t-shirts; some of mine have been with me for more than 10 years. 3) Buy some new boxers; some of mine are pretty sad. 4) Half of whatever's left on a wide variety of small home improvement projects at our new place. 5) Invest the remaining half and/or use it to put towards buying some/all of the land surrounding our new place on the south and east. Quit fooling yourself. You would go to the World Series of Poker next year and enter as many tournaments as you could. Share this post Link to post Share on other sites
