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I can tell you what I did with it - paid off house, credit card debt. Challenger, bought 4 acres around the house, built attached 30x30 garage; have my retirement fund an IRA and an annuity. As long as I dont' croak, should retire by the time i'm 57 - hope to have enough at 55, but I like the #22.
well, roost king - seriously - eliminate 100% of your debt preferably, you can pay off your house for less than $100,000 - and it is amazing how nice it is to live rent free - like being a teenager again. I can now live comfortably for me off of about 1200 a month - including taxes, and I have a ton of dogs/cats. I'm slowly investigating investing in the Stock Market - you want to buy/invest in companies you buy stuff from - colgate palmolive, wendy's, pepsi, etc. I'm investigating Southern Company - a utilty. typically, utilities and banks have paid good dividends. also, open a tradition IRA - that saves you about 1000 per year in federal income tax if you max out the annual contribution - sadly, at this point it does NOT pay much in interest - if you are lucky, as another said, about 1-2%; mine was opened in 2007 - pays 3% minimum, with a little flex. If you like problems, buy some rental property. But, AVOID DEBT. Even credit cards will cost you invisible money. Get YOUR cost to exist as low as possible, then bank as much of your annual income as possible. If you don't own any, I'd buy a few 357 guns - hand guns and rifle combos. Life in the future could get sticky here in the USA, as most folks are clueless about the value of the US $$ and how it impacts their life. If you can, keep as much cash and wait for gold to drop - historically, it is usually worth about $300-$350 - if it does again drop to this level, buy about $50,000 to $100,000 worth. When these times come around again, sell off for some nice profit. Have a great day!
The Following User Says Thank You to Bosox Plum Crazy For This Useful Post:
Actually it is a serious question. When i finish up here, Ill be sitting pretty and wanted some ideas. That kind of money doesnt come around often for most people, got to make the most of it. You know the saying, it takes money to make money!
In that case pay off debt and invest
__________________ 2010 Torred Challenger SE- SOLD 2011 Toxic Orange Challenger R/T 6 Speed- SOLD 2013 Commando Green Jeep Wrangler-Unlimited Sport
The Following User Says Thank You to RippTyde For This Useful Post:
well, roost king - seriously - eliminate 100% of your debt preferably, you can pay off your house for less than $100,000 - and it is amazing how nice it is to live rent free - like being a teenager again. I can now live comfortably for me off of about 1200 a month - including taxes, and I have a ton of dogs/cats. I'm slowly investigating investing in the Stock Market - you want to buy/invest in companies you buy stuff from - colgate palmolive, wendy's, pepsi, etc. I'm investigating Southern Company - a utilty. typically, utilities and banks have paid good dividends. also, open a tradition IRA - that saves you about 1000 per year in federal income tax if you max out the annual contribution - sadly, at this point it does NOT pay much in interest - if you are lucky, as another said, about 1-2%; mine was opened in 2007 - pays 3% minimum, with a little flex. If you like problems, buy some rental property. But, AVOID DEBT. Even credit cards will cost you invisible money. Get YOUR cost to exist as low as possible, then bank as much of your annual income as possible. If you don't own any, I'd buy a few 357 guns - hand guns and rifle combos. Life in the future could get sticky here in the USA, as most folks are clueless about the value of the US $$ and how it impacts their life. If you can, keep as much cash and wait for gold to drop - historically, it is usually worth about $300-$350 - if it does again drop to this level, buy about $50,000 to $100,000 worth. When these times come around again, sell off for some nice profit. Have a great day!
Well truth be told, my plan is to pay cash for a house when I get back, preferrably for under $200,000. I dont have any other debt except for the Challenger so I should be doing pretty good. I just wanted some input on what others would do, mainly investment wise. I should be done out here in Oct. then Ill see about getting to work after the new year(going to take that month long cross country cruise and visit old and new family and friends)
I look at this as a one time shot and wont be contracting in this God forsaken country again, so I have to make the most of it lol..
I would rather use the $250k to incure more debt by purchasing rental properties. Consistent monthly income is the goal in that game anyway.
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I love American muscle cars like a thrice-divorced 45-year old tax attorney loves barely legal coeds. That is to say; passionately, inappropriately and almost certainly inadequately while muttering whispered apologies to the beautiful thing I am probably ruining forever.
, buy some rental property. But, AVOID DEBT. If you don't own any, I'd buy a few 357 guns - hand guns and rifle combos. Life in the future could get sticky here in the USA, as most folks are clueless about the value of the US $$ and how it impacts their life. If you can, keep as much cash and wait for gold to drop - historically, it is usually worth about $300-$350 - if it does again drop to this level, buy about $50,000 to $100,000 worth. When these times come around again, sell off for some nice profit. Have a great day!
Lots of good advice here EXCEPT for the gold thing.........ya'll better read up on Gold and silver.....
I would rather use the $250k to incure more debt by purchasing rental properties. Consistent monthly income is the goal in that game anyway.
This really depends on location AND if you can handle being a landlord. Not everyone is cutout to be in the rental game. If you can handle most home repairs or if you have that guy or crew of guys who can do everything from landscaping to plumbing then rental properties can really make you some $$. I've seen some really good situations and some really terrible situations. Spend some serious time and effort screening tenants and it could really work out well. I've also seen tentants do hundreds of thousands of $$ in damage and not pay rent and cost tons of time and money trying to evict them.
Just dealing with those kinda headaches ONCE can turn the whole rental properties thing on it head forever.
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2009 HO R/T- sold............
2011 GWE SRT8.........
Yeah, yeah, yeah... Gold, real estate, stocks, kids college funds... Sure, but $250K that's a lot of fat chicks...
Ha ha ha.......I know yer joking but......chicks!!!!!! Fat chicks or any kinda chicks........I really cant think of anything worse to throw money away on then ................. W I M I N.................
Ok, you got me: it was just a reference to somebody's idiotic post about me elsewhere. This said, I saw a pic of your hot wife so it's easy for you to say... As a single guy I find women to be a very legit way of blowing money! It would take me a few weeks to through that much though.
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It would take me a few weeks to through that much though. 
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