What would you do if someone gave you $100 grand? | FerrariChat
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What would you do if someone gave you $100 grand?

Discussion in 'Other Off Topic Forum' started by F1Ace, Jun 23, 2005.

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What would you do if someone gave you $100,000.00?

  1. I'd save or invest it.

  2. I'd spend it, on.............?

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  1. F1Ace

    F1Ace F1 Rookie

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    #1 F1Ace, Jun 23, 2005
    Just wondering what dreams it would unleash.

    Wes
     
  2. fanatic1

    fanatic1 Guest

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    #2 fanatic1, Jun 23, 2005
    I'm closer to this very scenario than I'd like to divulge. So I too am very curious what people would do. I'm sure there will be the ones.......I'd buy this, this, this..........but in reality, if 100k was A LOT to you, you probably wouldn't blow it on frivolous things. It's too much money to just blow, but not enough money to really "change your life". Also, I can't find comfort in most any investments right now. My 401K is tanking, and my mutual funds are stagnant.
     
  3. BWS550

    BWS550 Wants to be a mod

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    #3 BWS550, Jun 23, 2005
    ...GIVE IT TO MY EX-WIFE AND TELL HER TO LET ME BE IN PEACE...........
     
  4. jimpo1

    jimpo1 Two Time F1 World Champ
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    #4 jimpo1, Jun 23, 2005
    I'd use it to pay down my mortgage.

    Debt free.........
     
  5. SrfCity

    SrfCity F1 World Champ

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    #5 SrfCity, Jun 23, 2005
    I'd just quickly knock off a chunk of mortgage. Not too exciting.

    On second thought if someone just handed it to me I'd donate a chunk of it too.
     
  6. BWS550

    BWS550 Wants to be a mod

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    #6 BWS550, Jun 23, 2005
    WHAT ABOUT THE "PANTY BIZ??"
     
  7. the_marcus

    the_marcus Rookie

    Jun 3, 2005
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    #7 the_marcus, Jun 23, 2005
    Invest it for my retirement. I'm 18. lol
     
  8. justhrowit

    justhrowit Formula 3

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    #8 justhrowit, Jun 23, 2005
    mortgage
     
  9. LittleBro

    LittleBro Formula 3

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    #9 LittleBro, Jun 23, 2005
    I would thank the guy, then go about getting some investments sorted.
     
  10. LetsJet

    LetsJet F1 Veteran
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    #10 LetsJet, Jun 23, 2005
    I've lived below my means my whole life...........so I'd prob. spend it. I've been thinking about a sailboat lately.


    .....sailing away......
     
  11. F1Ace

    F1Ace F1 Rookie

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    #11 F1Ace, Jun 23, 2005
    It's not what I would do myself, but the best advice I can give to some here is if you're going to spend it, spend it on something you won't lose money on, and can be liquidated in the future.

    So take half and buy a 308 or 328 which isn't going to lose value, and maybe save the rest. That way in effect you're keeping it all, but having a dream come true as well.

    Make sense?

    Wes
     
  12. Dom

    Dom F1 Veteran
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    #12 Dom, Jun 23, 2005
    What he said...

    Dom
     
  13. RacerX_GTO

    RacerX_GTO F1 World Champ
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    #13 RacerX_GTO, Jun 23, 2005
    The notion of somebody handing out $100 is extremely rare, but if it happened..


    1) Am I going to get this amount TAX FREE??? If not, convert it to me in bullion. I had better not get a 1099 for it, because now the question becomes: "What if somebody gave you $49,000 ?" Unless your original question means, "what if somebody gave you $210,000" thus, leaving you with around $100K ;)

    2) Diversify the the amount; invest a portion, make that money work for me! Endulge in a smaller portion. Would like to crash at San Diego for a while.
     
  14. Fastviper

    Fastviper F1 Rookie

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    #14 Fastviper, Jun 23, 2005
    I would spend it if its free money I am to much of a peeny pincher as it is. there is a 360 for 107k in auto trader, i would talk them down.

    the only problem is the taxes i would have to pay.
     
  15. TexasMike

    TexasMike F1 World Champ

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    #15 TexasMike, Jun 23, 2005
    That's easy for me. I would buy a 308 or a 328 and I would invest the rest.

    Edit: I know someone who's boss dies and left the employee $500,000
    They bought a 45 foot RV that cost about $240,000
     
  16. F1Ace

    F1Ace F1 Rookie

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    #16 F1Ace, Jun 23, 2005
    WOW, that seems to me like a fantastic deal on a 360 already!

    I don't think there would be any taxes as it's a (theoretical) gift of after tax money. At least in Canada a gift from one person to another is tax free, or else look out next Christmas! ;)

    Wes
     
  17. Koby

    Koby Formula 3

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    #17 Koby, Jun 23, 2005
    80k - towards school loans/mortgage
    10k - save/invest
    10k - waste as recklessly as possible :)
     
  18. fluque

    fluque Formula 3

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    #18 fluque, Jun 23, 2005
    Invest it!
     
  19. 2000YELLOW360

    2000YELLOW360 F1 World Champ

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    #19 2000YELLOW360, Jun 23, 2005
    It's not that much, but I'd put turbos on the Baron (50k) get the interior done (23k) and give the wife the balance. I'm probably going to get the Baron's interior done this year anyway, so that would be money saved. Don't know about the turbos, will need some extra cash for that, but the 430 comes first, looks like I'll be getting a 6 speed coup in Feb, first of the 06 coupes, Green/tan for color combo.

    Art
     
  20. RacerX_GTO

    RacerX_GTO F1 World Champ
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    #20 RacerX_GTO, Jun 23, 2005
    LOL, I have to agree with you Art, in California, 100K doesn't get you a whole lot. But it's a start. ;)
     
  21. darth550

    darth550 Six Time F1 World Champ
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    #21 darth550, Jun 23, 2005
    Sea Biscuit in the 5th...

    GO BABY....GO!!!!
     
  22. F1Ace

    F1Ace F1 Rookie

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    #22 F1Ace, Jun 23, 2005
    Baron?

    As in Chrysler La Baron?

    I guess I didn't picture you as the type..... ;)

    Wes
     
  23. sjmst

    sjmst F1 Veteran
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    #23 sjmst, Jun 23, 2005
    Amen
     
  24. GrigioGuy

    GrigioGuy Splenda Daddy
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    #24 GrigioGuy, Jun 23, 2005
    Gastric Bypass and Liposuction :D
     
  25. shiggins

    shiggins Formula 3

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    #25 shiggins, Jun 23, 2005
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