• Here is a link to the full explanation: https://rollitup.org/t/welcome-back-did-you-try-turning-it-off-and-on-again.1104810/

What would you do with 100k?

Big P

Big P

Well-Known Member
pay off a house with it


that way no matter what happens you got a place to stay,

as long as you pay your taxes that is :blsmoke:



u could live off a bag of rice if you wanted to with no power, bam your living expenses would be down to like $20 a month for the rice and the rest you can spend on liquir and live like a bum, but with a house:bigjoint:



anyway thats what I would do with itbongsmilie





 
DubsFan

DubsFan

Well-Known Member
I'm selling a couple buildings for a client here in SoCal. She's clearing about a mil. My wife is handling her money...a portion is going into sometype of life insurance. Basically in 15 years it will have doubled...many don't like life insurance. Life insurance isn't always about paying out a death benefit. Life insurance is a vehicle to invest in. Just like an IRA or a 401k. Most if not all the growth in life insurance is tax free and it just so happens to leave a death benefit to your heirs.

If you really want to do something with your money hire a good (hard to find sometimes) financial planner. Savings accounts suck...
 
S

spleefed

Active Member
Since 100k wouldn't come close to paying my house off and the interest I'm paying on vehicle loans is so low that it wouldn't make sense to pay those off because they tend to lose so much value so quick I would use the money to pay my wifes student loans off and clear our credit card debts. That in itself would equal a nice pay raise each month. That would leave about 40 grand that I would put into the bank. Maybe 10 or 15 grand in a high yield money market account but the rest would be in savings. We took a 30 year note on our house and by making one extra princapal payment a year the house will be paid off in 20 years. That much we are doing. The extra 20k sitting in savings would be used to make a second yearly princapal payment to get the house paid off in 14 to 15 years.

That or I would by an assload of lottery tickets.
 
M

myxedup

Active Member
I would pay off all of my high interest credit card debt and roll the rest into a Roth IRA focusing on S&P 500 companies that have averaged a 12% return over the last 50 years. If I did that with about 75,000 of it, it would double 5-6 times before i retired leaving me with almost 4.8 million dollars of money that was already taxed. 4.8 million free and clear from the government is not a bad thing. At the 12% interest level, you would be able to spend literally 33,000 a month w/o ever touching the principle in your account.

Never use the banks to save your money, the interest is barely able to keep up with inflation. MMA's average about 3% and local/municipal bonds and such would average about 6%. Stick to the S&P if you want to stay legal and never worry about your retirement again.

That's what I would do :)
 
M

max420thc

Well-Known Member
real estate is garbage right now..except farm land.there are still way to many foreclosures homes and property are a dime a dozen right now..just the first two months of this year there were over a million foreclosed homes..ALREADY THIS YEAR..the prices are going to continue to go down.so real estate at this time is out of the question.
commodity's are at a all time low..they have no place to go but up.COMMODITY=gold silver corn wheat rice sugar grain ect.
the US bond market is on the verge of collapse..we are as a country in ALOT worse shape than Greece.
as a country we are in BIG trouble...many municipality's are going to default on their bonds of file for bankruptcy..in that case you will be screwed..if you hold on to your money in PAPER..as in currency it will be devalued do to the federal reserve/government printing press..saving money in a bank is STUPID...the inflation will eat away your savings..you dont get enough interest from a bank to keep up with the inflation from the printing press..it will eat your savings UP.over a short period of time..when the us hits a 20% inflation rate your money will be more garbage than it already is...so far there is no sign of congress slowing down spending money or printing it and giving it away to large corporation and banks mostly .
the first year of the obama admin..so far...a additional 12 trillion dollars in real debt. ..just so the average guy can wrap his head around that kind of money...these idiots in one year spent 120K dollars per family.
it is obvious this is unsustainable . no way can the government continue to print and spend money like that without the US dollar being junked..we will be lucky if the US dollar does not trade in the not to distant future with a peso.
never in my life have i seen the canadian dollar worth as much as the US dollar till now.
these people running our government are going to run it straight over a cliff at 200 miles a hour..we will not survive the crash landing...not in one piece .
if you are holding on to dollars you are going to be straight FUCKED. if you are holding on to real estate you are going to be straight FUCKED..if you are holding onto any government type bonds..you are going to be straight FUCKED.if you are holding on to gold silver or invest into other commoditys such as sugar no matter how much money they print the cost of these items will go up to reflect the inflation protecting your money and purchasing power of that money.
 
S

solartoke

Member
Buy 1000 dollars worth of iraqi dinars... And then go out and buy a bunch of 25 dollar gift cards and hand em out to random strangers and move to a legal state grow tons of kush and volunteer for work and just smoke till I die
 
Fluxcap

Fluxcap

Active Member
I'd buy land and build a small earthship and step up my grow. I save the remaining 15-20k and live off of my grow.

Id also spend my time planting a perennial food forest on my land.

The goal for me is to live comfortably, on as little money as necessary.

This is accomplished by providing for your own needs.
 
Gank

Gank

Active Member
I would open a "hydro/growing" store. Look at all the people saying I went to the hydro store and bought it. Set up a small location and have an online presents as well. Would make a killing. And its all legal, in any state.
 
sno1890

sno1890

Member
At this point i would invest half in a stock like Netflix that has a huge growth capability. Do that for a year and just forget about it. Also I have had dinars for since 2007 and i bought at $600 for a million. I wouldn't buy more than $1000 worth now. Take a year off figure out what you wanna do travel or whatever.....
 
RawBudzski

RawBudzski

Well-Known Member
Move to somewhere LEGAL.. then make a Professional Grow Op. and supply a Local Dispensary.
kingicon1 said:
Ive got some stocks.. as well as some other money possibly coming my way.. so the question is.. what to do with it?

Yes, I'd love to setup and grow.. but I'm trying to keep it legal :wall:

So? What would you do?
Click to expand...
 
S

SSHZ

Well-Known Member
The dollar has lost 10-20% of it's value during the last 10 years. Buy gold at 1-2% above cost, put it away and forget about it. Don't use it, don't touch it unless you have an emergency. In 20 years you'll thank me!
 
N

NoDrama

Well-Known Member
Silver, Canadian mining companies stocks, Solar power array and a Nice steak dinner for the woman and I.
 
You must log in or register to reply here.
Top