What would you do if you won $100,000?

[inquisitor]

It is strange, but a slightly tweaked occurrence arrived in my life, and I never expected it. For perspective, I am in college, with supposedly two years left (but I'm thinking about taking a Master's degree), with no debts so far, and I have been controlling myself not to touch any of it for about four months now. Our family does not own a car nor a house (yet).

What would you do in this situation?

 

[member160292]

What's the median home price where you are?

 

[inquisitor]

What's the median home price where you are?

Quite cheap, actually. Do note that I don't exactly have that amount, but I'd say the entire amount I have is enough for just a house.

 

[devilkingx2]

1. I would get myself a nice apartment and try to pay off at least a year but preferably 2-3+ years of rent.

2. I would invest a significant amount into various relatively safe and calculated risk investments.

3. I'd quit my crappy job and start looking for my life's passion.

Even if I blow all my money in a few years I'll still be way ahead of everyone else in life because I'll have basically had like 5 years of all expenses paid vacation.

 

[behimo]

keep liquid since the markets are on the decline and buy stocks when they crash on the cheap or real estate.

regardless open up a ROTH IRA and contribute your 6K a year to it if you don't have immediate needs.

 

[MatureDJ]

Invest in cannabis, lithium & driverless-car stocks.

 

[Bible_Belt]

Agriculture is obviously very different by location, but where I live, an acre of high bush blueberries costs about $20k to plant. It will turn a profit on year 3 or 4. After that, it makes $15k per year for the next 35 years.

 

[MatureDJ]

Invest in cannabis, lithium & driverless-car stocks.

Biden Announces Mass Marijuana Pardons And Calls For Cannabis Scheduling Review

President Joe Biden announced on Thursday that he is taking dramatic steps to change federal marijuana laws and provide relief to drug war victims—an unexpected development that comes roughly a month before the November election. The president is initiating an administrative review of federal...

www.marijuanamoment.net

My cannabis positions are up over 25% as I write this. CHA-CHING!

Here's one:

 

[RickTheToad]

2 chicks at the same time. I would think that could be accomplished with 100k.

 

[RickTheToad]

Biden Announces Mass Marijuana Pardons And Calls For Cannabis Scheduling Review

President Joe Biden announced on Thursday that he is taking dramatic steps to change federal marijuana laws and provide relief to drug war victims—an unexpected development that comes roughly a month before the November election. The president is initiating an administrative review of federal...

www.marijuanamoment.net

My cannabis positions are up over 25% as I write this. CHA-CHING!

Here's one:

View attachment 8982

You seriously need to get your head examined if you invest in crap like this.

 

[RickTheToad]

In all seriousness, you can buy TIPS or inflation protected treasuries paying around 7% now from Uncle Sam. Can't beat that.

 

[MatureDJ]

You seriously need to get your head examined if you invest in crap like this.

At the prices that the cannabis stocks were selling for a while back, I'd say yes, but they are a very deep value play now. I shall wait until there is a short squeeze to get out.

 

[corrector]

Report the income right away to my welfare caseworker. Then pay off my car-loan and debts, part of my mom's house mortgage, keep at least $ 10K and continue collecting welfare the next month. Whatever. May be more tempting to escortcell....I wonder if I'd bite again after 8 years.

...or invest in stocks or something else and forfeit welfare altogether.

 

[member160292]

In all seriousness, you can buy TIPS or inflation protected treasuries paying around 7% now from Uncle Sam. Can't beat that.

Don’t you have to hold it for 5 years and there’s a limit to how much you can invest?

 

[RickTheToad]

Don’t you have to hold it for 5 years and there’s a limit to how much you can invest?

Pays interest for 30 years. Hold for a year, can sell after the 12 months. If you sell prior to 5 years, you sacrifice the last 3 months of interest.

I bonds — TreasuryDirect

www.treasurydirect.gov

Yes, there's a limit, but one can get around the limit by setting up custodial accounts, LLC's, etc. It's not that hard, and you're locking in interest payments for up to 30 years back by the US government. Pretty stable.

 

[Scars]

Invest and keep compounding the profits.

 

[Cloudtopsun2100]

I'd take that 100,000 and put about 80k into a house. The rest goes into a series of vacations at a pace of 1 every year for the next 5 years.

 

[evan12]

It is strange, but a slightly tweaked occurrence arrived in my life, and I never expected it. For perspective, I am in college, with supposedly two years left (but I'm thinking about taking a Master's degree), with no debts so far, and I have been controlling myself not to touch any of it for about four months now. Our family does not own a car nor a house (yet).

What would you do in this situation?

Do house hack ( google this term )

 

[logicallefty]

Hide it from my wife

 

[Stuffnu]

Buy groceries…