Have fun with the question, but answer it seriously too.

You are out Christmas shopping and some guy walks up to you, says "Merry Christmas", hands you a $100,000 check, and walks away.

It's not enough money to quit your job and never work again. It's not enough money to pay off all of your debt. (Mortgage, car loans, etc.)

What would you do with the cash? Pay off some loans? Buy stocks? Buy real estate? Upgrade the Jeep?

donate 10% to the church

put 10% into savings

spend 10% on myself

talk to my financial advisor and invest the remainder

I would buy $100,000 worth of HG4X4 Calendars.

(or do what Chris said... ;) )

I already bought almost $100 worth of calendars!

Chris' plan seems boring.

I was thinking Moab trip. All expenses paid for anyone that wants to go.

i think a russian space shuttle ride goes for about 100k

would be fun

Honestly, I would pay off every debt that I could until it is all gone then I would invest the money I am not paying to creditors in mutual funds. At least, that is what Dave Ramsey says to do. I kind of agree with him.

K7AZV wrote:I was thinking Moab trip. All expenses paid for anyone that wants to go.

IN!

If it was me. I would pay off any open credit that had a higher rate on it. If you are ok with the car payments and the rate isn't bad then keep them. The house intrest is tax deductable and not going to be to bad.
If you still have a a chunk of change left over do something for you and your wife that you will remember.
After all that I would look for a property that could be a rental. Or find some other investment that will hopfuly make you some money in a few years.

K7AZV wrote:Have fun with the question, but answer it seriously too.

You are out Christmas shopping and some guy walks up to you, says "Merry Christmas", hands you a $100,000 check, and walks away.

It's not enough money to quit your job and never work again. It's not enough money to pay off all of your debt. (Mortgage, car loans, etc.)

What would you do with the cash? Pay off some loans? Buy stocks? Buy real estate? Upgrade the Jeep?

SHOULD I START FOLLOWING AROUND:?::cool);)

If I was just going to buy myself something... Dodge 3500 diesel and new trailer for the jeep. Dana 60's for the jeep. Fix up my old truck and Mustang.

I would pay off my truck, and use the rest to keep my house..

This is all hypothetical. I don't have $100,000. (Yet. haha.)

How would you double the money? How would you turn that smaller amount into something you could quit your job and retire from? I guess that's more of what I was looking for. Obviously you don't want to invest in something that would lose it all either.

K7AZV wrote:This is all hypothetical. I don't have $100,000.
How would you double the money? How would you turn that smaller amount into something you could quit your job and retire from? I guess that's more of what I was looking for. Obviously you don't want to invest in something that would lose it all either.

tax liens in AZ pay %16 return

Id dump a bit on that maybe, go for the liens that are less then $800 as those have a higher chance of getting paid off and you getting your money

if they dont pay off you have the option of seizing the house but it can be a long process

Honestly though get with a good financial advisor and they can get you going. Trying to figure it out on your own is okay but with that much money Id trust a professional. I happen to know a few if youre interested

Real estate seems interesting, but a lot of risk. I guess you have to risk big to win big.

It does seem like something like tax liens or buying foreclosed properties and renting them would be worthwhile if you did your homework, but are they really worth the hassle?

K7AZV wrote:Real estate seems interesting, but a lot of risk. I guess you have to risk big to win big.

It does seem like something like tax liens or buying foreclosed properties and renting them would be worthwhile if you did your homework, but are they really worth the hassle?

My rental isnt too bad I have a property management co handle the tennant for me. Only thing I do is send out a repairman to fix things when they break

BUT rentals are very competitive right now plus what happens when the house is vacant? Do you have the extra income or money set aside to cover the mortgage on it?

I know its boring but getting into a good mutual fund would probably be the safest way of handling things

A decent one should average 10 - 13% return

What about starting your own business?

K7AZV wrote:What about starting your own business?

very high risk and very time consuming.

are you ready to work 70+ hours a week?

Remember at least 7 out of 10 fail within 3 years. Only 1 out of 10 has a chance of lasting longer then 5

You will need to spend hundreds of hours researching, learning and planning before you even open your doors.

It could be very rewarding if you are successful


**********EDIT**********

If youre considering opening your own business I recommend these books

The E-Myth Revisited: Why Most Small Businesses Don't Work and What to Do About It
Michael E. Gerber

Creating Wealth
Robert Allen

The 21 Irrefutable Laws of Leadership
John C. Maxwell, Zig Ziglar

The 21 Indispensable Qualities Of A Leader: Becoming the Person Others Will Want to Follow
John C. Maxwell

Influence : The Psychology of Persuasion
Robert B. Cialdini


Win the Crowd: Unlock the Secrets of Influence, Charisma, and Showmanship
Steve Cohen

All are on Amazon

How would one find a good, reliable, trustworthy financial advisor? Seems like an oxymoron.

Investing in real estate still seems interesting to me. Home prices are super-low. Good time to buy.

I've always wanted to start my own business, but I'm not a risky person. Not at all.

$100k into a mutual fund with 10% return does seem safe in the long run.