If you had $250,000 CASH - Page 2 - Dodge Challenger Forum: Challenger & SRT8 Forums
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#11 (permalink) Old 01-01-2013, 08:47 PM
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Well since 250K isn't even close to enough to buy a new Lambo, even if you made it 500K it's not enough, those cars require very frequent, very expensive service..

I'd pay off my house and my car, probably buy a 2013 GT500 and do some things around the house. If I had anything left over, I'd do some more stuff to my truck

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#12 (permalink) Old 01-01-2013, 08:58 PM
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Well lets see, pay off both vehicles, Put large down payment on new house so there's only a new SRT's worth of money left on house and then put rest up for savings... Umm yeah thats what I would of done,

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#13 (permalink) Old 01-01-2013, 09:39 PM
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I'd spend about 75 on my SRT and the rest on property either in northern california or ustate new york

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#14 (permalink) Old 01-01-2013, 09:50 PM
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I'd retire instantly........ but not here. I'd go hide in an under-developed tropical paradise where I could wait for the end on a beach and stop worrying about gun grabs and mandatory self-driving cars. I already sorta live in a cave since I quit following the news (had something to do with the '08 elections) and I'd miss the Challenger, but not getting milked every which way for a car that I'm unable to really use (insane traffic and speed enforcement in a broke state).
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#15 (permalink) Old 01-01-2013, 10:16 PM
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I'd retire instantly........ but not here. I'd go hide in an under-developed tropical paradise where I could wait for the end on a beach and stop worrying about gun grabs and mandatory self-driving cars. I already sorta live in a cave since I quit following the news (had something to do with the '08 elections) and I'd miss the Challenger, but not getting milked every which way for a car that I'm unable to really use (insane traffic and speed enforcement in a broke state).
Not a tropical paradise, but you would be considered a millionaire in Cambodia.



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#16 (permalink) Old 01-01-2013, 10:30 PM
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Forget paying off the house!!! With 3.1% interest rate right now, that wouldn't be the wisest choice. Invest it for a target of 5% per year which is very conservative. Market has been good this year as a whole. That puts me 5% ahead on $250,000 for a year, for a gain of $12,500. Debt on house is less than half of that (call it $125K anyway)......so interest on that for a year is $3875 @ 3.1%. $12,500 - $3,875 = $8,625 which buys a pretty nice set-up for nitrous and a Super Charger and then I get to do something the next year, and the next, and the next.........

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#17 (permalink) Old 01-01-2013, 10:59 PM
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Not a tropical paradise, but you would be considered a millionaire in Cambodia.
Yes, 'paradise' was too big a word, but that was my drift. Cambodia is kinda hard to emigrate to, but there's Costa Rica, Thailand, etc... $250K tomorrow and I'm a goner.
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#18 (permalink) Old 01-02-2013, 12:16 AM
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Well since I've won $50k in 2 months and over $100k in 6 months at the casino and managed to spend every dime of it I would say that I would live normally for a year or so. Money just doesn't go the way it used to.


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#19 (permalink) Old 01-02-2013, 12:30 AM
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Well since I've won [...] over $100k in 6 months at the casino [...]
I'm getting right on that...
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#20 (permalink) Old 01-02-2013, 02:18 AM
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I would buy 1970 B5 blue superbird and put the rest in investments so I hopefully retire at 65 HEMIB5BLUE
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