$50,000

Serious Business 63 replies 1,871 views
Ironman92's avatar
Ironman92
Posts: 49,363
Jul 24, 2017 11:17pm
You are given $50,000---not allowed to be used for debt and must be spent in less than 30 days.

What are you buying?

Me:

New Honda Accord $26000
Storage Building $3000
Pool Table/Ping Pong top $1000
Chain Saw $250
Utility trailer $1000
Used Lexus Rx 350 about 2012 $18750

Both mine and my wife's cars are about 2 years from being done.
A
Al Bundy
Posts: 4,180
Jul 24, 2017 11:19pm
Cocaine and hookers
Ironman92's avatar
Ironman92
Posts: 49,363
Jul 24, 2017 11:21pm
Al Bundy;1863700 wrote:Cocaine and hookers
Pls b honest
wildcats20's avatar
wildcats20
Posts: 27,794
Jul 25, 2017 5:18am
Most, if not all of it for a down payment on a house.
Belly35's avatar
Belly35
Posts: 9,716
Jul 25, 2017 5:53am
pay off my mortgage 20,000 Me bad ... that would be a debt............. sorry Heritage Softail Classic 20,000
Home renovation 15,000
New computer. 1500.00
Few new guns. 3000.00
Smoker. 1000.00
New shed. 3000.00
vacation. 6000.00
SnotBubbles's avatar
SnotBubbles
Posts: 4,492
Jul 25, 2017 7:41am
Ironman92;1863699 wrote:You are given $50,000---not allowed to be used for debt and must be spent in less than 30 days.
Belly35;1863705 wrote:pay off my mortgage 20,000
Verbal Kint's avatar
Verbal Kint
Posts: 236
Jul 25, 2017 7:44am
SnotBubbles;1863707 wrote:
Looks familiar
G
Gardens35
Posts: 4,929
Jul 25, 2017 7:49am
The Reds.
like_that's avatar
like_that
Posts: 26,625
Jul 25, 2017 8:03am
Down payment on a house and some for travel.
SportsAndLady's avatar
SportsAndLady
Posts: 35,632
Jul 25, 2017 8:13am
Half on down payment of a house, half to pay for my wedding.
Spock's avatar
Spock
Posts: 2,853
Jul 25, 2017 8:16am
Pay off all oustanding debt which is about $17000, drop about $2500 on the kids an early Christmas then look to invest it by buying some land to resell later
Fab4Runner's avatar
Fab4Runner
Posts: 6,196
Jul 25, 2017 8:27am
Spock;1863715 wrote:Pay off all oustanding debt which is about $17000, drop about $2500 on the kids an early Christmas then look to invest it by buying some land to resell later
Reading is hard.

I would travel and use some for a down payment on another house.
V
vball10set
Posts: 24,795
Jul 25, 2017 8:29am
SportsAndLady;1863714 wrote:Half on down payment of a house, half to pay for my wedding.
when's the big day?
C
cat_lover
Posts: 2,388
Jul 25, 2017 8:44am
Indians,Cavs,Browns season tickets.
justincredible's avatar
justincredible
Posts: 32,056
Jul 25, 2017 8:46am
I'd buy (or pay off most of) a parcel of land (5-10 acres).
V
vball10set
Posts: 24,795
Jul 25, 2017 8:51am
Fab4Runner;1863716 wrote:Reading is hard.
lol, reps
V
vball10set
Posts: 24,795
Jul 25, 2017 8:53am
Belly35;1863705 wrote:pay off my mortgage 20,000
Spock;1863715 wrote:Pay off all oustanding debt which is about $17000...
Fab4Runner;1863716 wrote:Reading is hard.
reps
like_that's avatar
like_that
Posts: 26,625
Jul 25, 2017 8:53am
SportsAndLady;1863714 wrote:Half on down payment of a house, half to pay for my wedding.
Good point, I would also use some of the money for the wedding my wedding as well.
TBone14's avatar
TBone14
Posts: 6,383
Jul 25, 2017 9:11am
Ripping out the shitty deck that the previous owners put in and didn't properly maintain and replacing with a decorative, stamped concrete patio.

I've been throwing around various ideas for my basement remodel. I'd spend a good chunk down there but it's already finished so it doesn't need too much.

I'm not sure how much all that would cost but I'd still have a good amount left. Probably book a couple vacations for next year, buy a new driver and golf bag. Maybe replace some carpeting in my upstairs.

So all I need know is the 50k and I can get started.
E
EastYoungstown
Posts: 27
Jul 25, 2017 9:22am
Car 25000
Vacation to Italy for a month maybe 10000?
Add whatever is left to do small repairs on current house and add to down payment of new house
Automatik's avatar
Automatik
Posts: 14,632
Jul 25, 2017 9:36am
I'd probably pay my way into getting EU papers.
Belly35's avatar
Belly35
Posts: 9,716
Jul 25, 2017 9:42am
Down payment is a method of mortgage debt reduction, using this money as a down payment is like using it to payoff your mortgage. Down payment automatically acquire home equity which is a aspect of paying off the mortgage. ........Just saying, its all on how you look at something make a difference
SnotBubbles's avatar
SnotBubbles
Posts: 4,492
Jul 25, 2017 9:44am
I'd pay off all my debt with $50,000. I don't have $50k in debt, so I'd go out and put whatever amount I have left after paying off all of my debt on my credit card so I have more debt and can pay off that debt.

So in conclusion, I would spend $50,000 paying off all of my debt.
iclfan2's avatar
iclfan2
Posts: 6,360
Jul 25, 2017 9:50am
Fence in the yard
Stamped concrete patio w/ BGE
Buy a bigger boat
V
vball10set
Posts: 24,795
Jul 25, 2017 9:57am
Ironman92;1863699 wrote:You are given $50,000---not allowed to be used for debt and must be spent in less than 30 days.

What are you buying?
SnotBubbles;1863743 wrote:I'd pay off all my debt with $50,000. I don't have $50k in debt, so I'd go out and put whatever amount I have left after paying off all of my debt on my credit card so I have more debt and can pay off that debt.

So in conclusion, I would spend $50,000 paying off all of my debt.
cool