General Discussion

BigmanPigman

(54,868 posts)

6. Don't tell anyone!

Wed Sep 6, 2017, 06:49 PM

Sep 2017

Invest it wisely and diversify. Make hay while the sun shines. Don't invest everything into one fund, gold, real estate, etc. Vanguard is pretty safe. Don't buy a ton of worthless shit either. Buy yourself and your family or friend a nice gift, take yourself on a vacation, donate to a charity, get a new sofa then save the rest. It won't go as far as you think and hope it will.

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What would you do with an influx of money you didnt expect? [View all] Garion_55 Sep 2017 OP

Pay off some student loans and keep living paycheck to paycheck. neeksgeek Sep 2017 #1

how much were your loans? i am going to take out fed ones for school Garion_55 Sep 2017 #3

Why borrow money? Croney Sep 2017 #13

I made some mistakes. I tell my students to avoid loans. neeksgeek Sep 2017 #55

I'd tell you, but you have to pay me first. jberryhill Sep 2017 #2

Buy a house in France and GTFO of the US. CurtEastPoint Sep 2017 #4

Congratulations on your unexpected good fortune! July Sep 2017 #5

Yes, and especially on a great, wise plan that will build on it. Hortensis Sep 2017 #34

Don't tell anyone! BigmanPigman Sep 2017 #6

Good point! I wouldn't tell anyone either. Luciferous Sep 2017 #18

First thing: Pay income taxes on it, most likely. WinkyDink Sep 2017 #7

Sounds like an inheritance of some form. byronius Sep 2017 #20

I paid a five-figure state inheritance tax last year. And a very hefty Federal income tax hit on WinkyDink Sep 2017 #32

There's a welcome problem. But point taken. byronius Sep 2017 #38

I just did... handmade34 Sep 2017 #8

Someone whose idea of the good life is building a chicken coop Hortensis Sep 2017 #35

College Bettie Sep 2017 #9

Travel and get a break from Rump World. jalan48 Sep 2017 #10

Not to pry KatyMan Sep 2017 #11

just turned 50 Garion_55 Sep 2017 #25

Buy a house or condo (or even a cabin somewhere). LisaM Sep 2017 #12

I have everything I want so more money just means a quicker retirement FLPanhandle Sep 2017 #14

That happened to me a few years back. CaliforniaPeggy Sep 2017 #15

IT doesn't have 0% unemployment unfortunately... k8conant Sep 2017 #16

Exactly...and unless you are working IT for the govt...Outsourcing has put a huge dent in it HipChick Sep 2017 #22

ahhh Garion_55 Sep 2017 #30

Congrats! I would pay off my debt, maybe take a nice trip, save the rest. Luciferous Sep 2017 #17

Land or property. byronius Sep 2017 #19

Finish securing my old age and give it to my kids. nolabear Sep 2017 #21

Buy a 3 bedroom condo krispos42 Sep 2017 #23

woo hoo! congratulations! renate Sep 2017 #24

Pay off debt and buy acreage with a stream/river flowing through the property. sarcasmo Sep 2017 #26

That would be my plan too shanti Sep 2017 #46

I'm looking in upper Wisconsin. sarcasmo Sep 2017 #49

Pay off debt, invest and take a nice vacation. ImpeachTheGOP Sep 2017 #27

if I had enough d_r Sep 2017 #28

Buy arable land. fierywoman Sep 2017 #29

Investing in yourself isn't a bad idea Major Nikon Sep 2017 #31

I wouldn't change a thing in my lifestyle Generic Brad Sep 2017 #33

I don't know that I would be looking to spend a bunch of money to re enter the job market at 50 Hassin Bin Sober Sep 2017 #36

I'm with Hassin. Don't spend much money on education for a job at your age. It prob Nay Sep 2017 #53

Breath kacekwl Sep 2017 #37

I'd probably just bank it. MissB Sep 2017 #39

Good move getting into IT... cbdo2007 Sep 2017 #40

Invest it for retirement or any future hardship BainsBane Sep 2017 #41

Find an obscure place in the world, Tasmania perhaps, but even in the US Iwasthere Sep 2017 #42

Good for you! Seriously Nevernose Sep 2017 #43

I will tell you what I did in 2007. Blue_true Sep 2017 #44

Being as I'm now retired customerserviceguy Sep 2017 #45

Right now? I'd be able to evacuate! bluepen Sep 2017 #47

Put one year's salary in savings, and pnwest Sep 2017 #48

Add it to the retirement pot. (I'm not that far off.) Iggo Sep 2017 #50

I'd put JustAnotherGen Sep 2017 #51

It happened to me last year PJMcK Sep 2017 #52

When it happened to me about six years ago we panicked Orrex Sep 2017 #54