Serious Question: What would you do with a $50,000 inheritance?

[vash]

i'd get it all in small denominations and throw it all on the bed..roll around in it.

then i would give it to my wife, and forget i ever saw it. she's the investor/saver type. not me. i would buy guns.

[azasadny]

Send it to "azasadny" and it will be put to good use!

[svandamme]

I think we need to issue a 25 000 $ contest where we can all submit a proposal on what we will do with 25 000$

- Can't just give it away to charity.. that's to easy it would just become a charity/cause popularity contest..
- Must be something that will be actually done if the contest is won
- Must be verifiable
- Bonus points if it involves hookers & blow
- Bonus points if it involves a Porsche or BMW being driven at high speed like it was stolen
- Bonus points if it involves spoons
- It must be legal(ish)
- other suggestions?

If it goes well and the 25000$ are righteously spent and the plan is executed & documented
Then the remaining 25 000$ shall be awarded as prize.

[Hugh R]

Thanks for the suggestions guys and gals. I probably shouldn't have started this thread, but it came out of the blue so to speak and I was stunned.

Financially secure, kids are grown up and out of college, no college loans to pay off. My daughter is moving to mid-town Manhattan in a few weeks and certainly doesn't need my help.

Travel on my dime isn't a thrill for me. In fact, travel is work for me. This year I've been to Prague a couple of times, London, Istanbul, Budapest, San Juan, PR, Michigan too many times.

I may invest in a 2nd home outside of CA. I'll probably get that Targa seal, and a few things for around the house.

[uncle_scott]

I love that the Targa seal is on top of your list, lol. Priorities. You have them.

Everyone is at different stages of life. For me that money would go a long way to getting completely debt free and finally investing at the rate I would like to be...

[12own911]

or Hugh, seeing as I am your Recip this year, you can send me a second gift and I would not complain one bit...

[Danimal16]

Hugh,

The Targa seal is great. For me I would do like the other posters stated, save it in a manner that it keeps up with the cost of living. Hey, it may just be as big a surprise to who you could leave it to if you never needed or wanted to spend it.

Merry Christmas.

[rattlsnak]

I understand the 'travel is work' statement. Same for me. You're also not going to spend it on something trivial. Like you said, buy your seal, finish some household projects, and set up a trust fund for your kids, or grandkids..

[sammyg2]

DO NOT SPEND IT!
Put it in a relatively safe mutual fund with lo-load and let it ride until you're old.

So many people nowadays just can't understand that money isn't something to spend, it's something to collect and keep.
Maybe that's why they live paycheck to paycheck, spending money they don't have yet, and walking away from their houses.
no one ever taught them how to be responsible and do the right thing.
Instead they were given pre-packaged excuses and a list of people and organizations to blame for their screw-ups.

[dlockhart]

hookers and blow
or
Home | Fisher House Foundation

[pwd72s]

Buy this book:

The Bogleheads Guide to Investing
by Taylor Larimore, Mel Lindauer, Michael LeBouff

Be sure to read chapter 15...."How to manage a windfall successfully"

I'm not kidding, Hugh. This a a great book for anyone!

While you're at it, also order:
The Bogleheads guide to retirement planning
by Taylor Larimore, Mel Lindauer, Richard A. Ferri, Laura F. Dogu

[scottmandue]

I like the 2nd out of state property idea... but what do I know.

[Tobra]

You were looking to buy some property in NV, here is your down payment.

Still think spending it on Mrs R is the way to go.

[J P Stein]

Guns, ammo & gold......and/or some land in the boonie of your choice.

[DonDavis]

Originally Posted by Hugh R

I may invest in a 2nd home outside of CA.

Maybe some land in east Tennessee?

[RWebb]

The Biggest Mansions For Sale In America - Forbes

[azasadny]

Buy our house, you love Michigan, I know you do...!

[Dottore]

Originally Posted by vash

i'd get it all in small denominations and throw it all on the bed..roll around in it.

guns.

You laugh, but I knew a Chinese couple in HK who used to go to their their bank end of each year and withdraw $100,000.- in brand new bills. Every new years day they spent in bed f*cking on piles of cash and drinking champagne. It was their favourite day of the year, and they believed that it brought them luck.

Oh yes, on 2 Jan., they would deposit the money back into the bank.

[RWebb]

did the serial numbers all end with an even number?

and were any red envelopes ... ah ... envolved in the sexcapades?

[nostatic]

Originally Posted by sammyg2

So many people nowadays just can't understand that money isn't something to spend, it's something to collect and keep.

This is akin to the guys who own a perfect 911 and never drive it.

Porsches are meant to be driven (preferably tracked), money is made to be spent. Are you saving it for the next owner?

My dad is about 2 weeks from death at this point. My brother and his wife (married after my mom died) were evidently arguing about the trust the other day. I'm sure that made my dad thrilled. Do you think he wished now that he'd collected and kept more money?

Hugh, pick something stupid/crazy/impetuous that you always wanted to do and do it. You only get one trip on the merry-go-round. At least that you'll remember...