$300 000- what would you do with it?

[Freyja]

If you recieved $300 000 what would you do with it? I mean seriously...would you invest, if yes how? Would you do something else, what?

I think I´d start a new business, probably a shoe store. Not sure thought. Would maybe invest in stock.

 

[Kimberly]

Pay off my college debt... and some of med school...

 

[Kitka]

I'd pay off my home mortgage and all my debt, then put the rest in savings.

 

[Tiggeroo]

start a business, maybe a well known franchise which is more of a sure thing.

 

[CathrynRose]

I'd get a house.

 

[mariolatry]

Pay off the mortgage, put some towards DH's student loans, and buy a minivan.

 

[SwedishMeatball]

Pay off the mortgage and go on a European castle tour.

 

[FroggyinArk]

pay off the house, and buy a new ssuburban, build a shop and invest in tools to out fit it and start making my wooden bowls and stuff as a living instead of carpentry...

 

[kdibattista]

Pay off our house

 

[luvwinnie]

Pay credit card, pay off the cars and motor home, invest $20,000 for each of my nieces for them to use or save as they want when they are 25 (one wants her own salon, so she could use it for that) and invest the rest for the future.

 

[*Fantasia*]

I'd get a house and a new car. Hopefully there will be some leftovers to save for their college. And anymore left.. a trip to Disney would be nice.

 

[Freyja]

Pay off the mortgage and go on a European castle tour.

European castle tour sounds great. I have seen castles in England, Germany, Denmark, Sweden, Austria, Czech Republich, Hungary, Spain, Slovakia and a couple more I can´t remember at the moment.

 

[TheGoofster]

Finishg paying off my debt (less then 5 grand), buy a new vehicle (about 15 grand), pay for my upcoming Disney trip (about 3 grand), buy a bunch of wanted (not needed) electonic stuff, some kitchen stuff that my wife would love to have, and some cool toys for my kids (about 7 grand).
The other 135,000 (don't forget to take out 135,000 of that original 300,000 in taxes (45% tax on winning money) would either go into a high rate interest account, or possibly be used to invest.

 

[rgf207]

Pay off Cars and Student Loans. I would keep the mortgage since that is an investment. I would invest the other 225,000 and let the money work for me.

Paying off the mortgage is great but your money can do so much more for you if you invest. Paying off the car and Student loans is great because a car is not an investment

 

[Freyja]

Finishg paying off my debt (less then 5 grand), buy a new vehicle (about 15 grand), pay for my upcoming Disney trip (about 3 grand), buy a bunch of wanted (not needed) electonic stuff, some kitchen stuff that my wife would love to have, and some cool toys for my kids (about 7 grand).
The other 135,000 (don't forget to take out 135,000 of that original 300,000 in taxes (45% tax on winning money) would either go into a high rate interest account, or possibly be used to invest.

Well, lets just say it isn´t winning money and $300 000 is AFTER Tax.

 

[tinatark]

Pay off the mortgage, 2 car loans... pay for a spring break cruise. That would cover it all - But OHHH the disposable income it would create monthly...

 

[BeNJeNWaFFLe]

I'd buy a house...even though around here $300,000 doesn't buy you much of a house. God how I wish LI would realize that no one can afford to live here anymore.

 

[kelleigh1]

Pay off debt and my car. Get hubby a new car and put a nice down payment on a house. (Around here you'd need the entire $300k in order to buy a small house, so I'd rather pay off our debt and use the rest for a down payment.)

 

[YachtClubWoman]

pay off my mortgage and be totally debt free.

 

[minnieandme]

Pay off my house, pay off all other debt, buy a new car and invest the rest.