If you had $250,000 CASH - Dodge Challenger Forum: Challenger & SRT8 Forums
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#1 (permalink) Old 01-01-2013, 07:10 PM
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If you had $250,000 CASH

So I got into this discussion with some co-workers about getting $250,000 cash, through an inheritence, lottery, something like that. Not expected basically and we were throwing out ideas of what we would do with the money. That kind of money isnt enough to retire on obviously, but it could be put to good use and turned into more cash. Some people were like, "Id buy a Lamborghini" you know, things like that. But it got me thinking what I would do with it. My first though, pay off my house, but then I got to thinking about investments and what could be done that way..

What would YOU DO with $250,000???
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#2 (permalink) Old 01-01-2013, 07:26 PM
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#3 (permalink) Old 01-01-2013, 07:36 PM
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Yep...pay the house off! If my house was paid for I could honestly retire since I've retired once already...but I do enjoy my job so doubt I'd stop working. Get a few more toys and travel since I'd not have to worry about my house payment!

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#4 (permalink) Old 01-01-2013, 07:39 PM
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Great suggestion, paying off the house seems to be the most recommended.
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#5 (permalink) Old 01-01-2013, 08:24 PM
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Once Challengertalk would reach 250,000 members, I'd buy all of the members a $1 beer during Happy Hour.

What a guy, huh?

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#6 (permalink) Old 01-01-2013, 08:25 PM
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I owe 100k on my house so I would pay it off, buy a nice used Z06 and a 2013 GT 500 and then what ever is left over would go to mods.

what the heck am I thinking, pay off house, 2008-2010 ACR viper for about 70-85k and then a 2013 GT500. might be tight but I would not have a house payment then.

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#7 (permalink) Old 01-01-2013, 08:40 PM
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Pay off house and car. Buy a truck and a 4 wheeler. Invest the rest.

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#8 (permalink) Old 01-01-2013, 08:58 PM
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Pay off current debts, invest what is left, keep living as I do now but be able to invest more of income without spending on more debt. Then maybe be able to retire in less than 10 years

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#9 (permalink) Old 01-01-2013, 09:05 PM
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I would buy a few condos for cash and rent them out for a grand a month. That's the going rate here. I would make that 250 back in no time.or buy a small strip mall and collect the rent on them. I love people paying me every month
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#10 (permalink) Old 01-01-2013, 09:19 PM
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Hummmm? I would invest it in low risk bonds and blue chip stocks! Keep working, paying my bills and hope it Grows!!

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