Christmas is coming, the goose is getting fat... what would you do if someone just gave you $300,000 free and clear?

[rachel776]

if you have no ha' penny then God bless you 🎵

Updates

+1 y

these are already more interesting than i would have thought

[Static_In_The_Attic]

Certificate of Deposit rates are still somewhat on the good side so I’ll journey down to my local bank & open up a CD & let it roll & make an extra $14,670.00 until I come up with a plan. In addition I’ll take you out for a two dollar chicken dinner.

[Orangekiss]

@static_in_the_atticAnd how much in taxes do they take on that interest?

[Static_In_The_Attic]

@Orangekiss Unfortunately from 10 to 37% depending on your taxable income & to top it off you are going to have to pay taxes on the $300k (Gift) as well.

[Orangekiss]

Ouchie mama!!

[Static_In_The_Attic]

@Orangekiss like everything you make your money & the government makes theirs.

[GoodGuyBreakingBad]

Put it in the bank as I make a big decision.

[GoodGuyBreakingBad]

Thanks for MHO :)

[molonski2]

My answer is probably boring , but I'd love 300k clean , I still have a mortgage on an investment property in Australia , that's $270,000 , so Id pay that out , with the extra 30 k , Id invest in a REIT , so this would give me around an extra 3k income per year..

Can someone please send me 300 k? hahahahahaha , its a lovely idea though.

Oh the house would be clear , so that returns net $26k plus 3k = 29k per annum , that would be great " cream on the cake " and no worries , beautiful , beautiful.

Plus then my kids get a house each , if I were to drop off the perch.

[rachel776]

i love the idea of REITs but i've never done well with them

[molonski2]

There are plenty of good ones in USA , really big ones too..
Thing is in Aussie , you can't get 15 or 30 year fixed terms like you can in US ( mortgage rates ) .

[molonski2]

@rachel776
And Rachel , you have the advantage of being young , I'd say to you hang in there with some good investments at your age , and over time you can really compound it.

[StirredNotShaken]

Get me one of these and live in it.

[Anonymous]

have the doctor fix my leg. anything left would go to my brother to pay him back for keeping me alive this long. Uh, on a happier note, HE would spend it on the rest of my family and give us a chance to travel a bit.

[HawkPerception]

Invest in starting my own business and hopefully grow it to the point I can easily pay that back. $300k free and clear is a huge game changer for anyone.

[DJB72]

After I pay off my mortgage, repaint and replace the worn out carpets and replace the car with a slightly less battered one I might be able to get a meal out. At KFC. As long as I don't order coleslaw or milkshakes.

[Drumlin2001]

That would just about clear mortgage and debts. Maybe a little for a new car or a small slush fund. Though more likely OH would want to spend it in developing house and I'd still be paying the mortgage for next 20years

[Orangekiss]

Pay off some debts and then give some to my favorite charities for kids, such as Smile Train, Feed the Children, Guide dogs for the Blind, and Schriener's Hospital.

[PaulEGon]

there are two friends that are in a bad situation that is not of their making I'd help them pay off their debt from that and then build myself a new computer. Would leave some a lot it for random things next year.

[jeremy_09]

Bankruptcy is provided for in the Constitution for this purpose. Have them wipe out as much of the debt as they can with bankruptcy. A good attorney can explain the pros and cons.

[MikeTheBartender]

Add it to my current portfolio

50% Index fund stocks

25% CDs/Bonds

25% High yield savings

If I was younger I'd likely do 290k S/P index fund and blow 10k partying.

[Amy10223]

Put it into the bank and let it grow. I've got all else I need, thank God.

[mandyfire98]

Probably invest it honestly.

[wolfcat87]

Same

[slatyb]

I might retire on that and what I have already saved.

[jamesgoldman]

£240,000
Business growth, gold jewellery and a little investment to finance some exquisite scotches

[elaphe]

Pay off my student loans, buy a new car, give some to my mom for her financial assistance to my while I was in school, give some to charities, and put the remainder in the bank.

[Staximus]

Buy a shack out in the sticks and chase animals though the woods, go fishing and just generally fuck off into the sunset

[Friendlybro79]

Build an underground bunker and sell it to a doomsday prepped for 10 times as much.

[Paul09]

Invest it, save it, pay off home, take a vacation. Donate to favorite charities. Then see how far I can stretch my investments

[Anonymous]

I would buy you and me a ticket for a vacation and get to know you.

[Sparkie460]

I'd take a special someone out on the town. I'd invest some, buy a new truck, pay off my house

[Anonymous]

Give it back and tell them to bless someone else who really needs the blessing. God has already blessed me. "Merry Christmas"!

[Guido]

Schedule up all the renovations we have planned and then retire.

[ChicoFromThe305]

Investing it for more bags 💰💰

[CubaPirate]

Spend the big majority on wine women and song. The probably waste the rest lol

[TiaNour]

Honestly I would just give it to my family

[war_daddy]

I'd buy a Corvette

[rachel776]

i don't think i know anyone with a Corvette 🏎️

[war_daddy]

Yeah, not that practical but probably a lot of fun

[KrisKris81]

Pay off all of my bills and invest the rest

[douride2]

I'm going on a well deserved long holiday.

[BarryLiverstone]

Pay off my house

[KittygosMeoWW]

Cash it, invest it, and save some.

[Wise4myage]

Id buy a house.

[Tomisworthless]

House down payment and buy land or invest

[Kingofkings1992]

Take a two week vacation

[eagle1951]

pay bi9lls fix up my house

[Hispanic-Cool-Guy]

Be super happy.