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Old 06-24-2011, 05:08 PM
 
Location: Philadephia!
191 posts, read 163,254 times
Reputation: 54

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Just another one of my questions.

I would
1. Move to Seattle Vancouver or chicago and get a place 200000$
2. Go to college 2 years 80000
3. Buy a car 30000
Ok I got 190000 left.
4.Save the rest

Your turn
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Old 06-24-2011, 05:22 PM
 
Location: Harrison, OH
910 posts, read 1,391,759 times
Reputation: 369
Move to an upscale Dallas neighborhood, buy a place for 700k

A few nice cars to fill the garage, around 300k (need one exotic)

Save the rest, maybe buy a nice vacation place that I can rent out
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Old 06-24-2011, 05:38 PM
 
Location: West Michigan
12,084 posts, read 33,258,252 times
Reputation: 16757
Quote:
Originally Posted by jon1987 View Post
Move to an upscale Dallas neighborhood, buy a place for 700k

A few nice cars to fill the garage, around 300k (need one exotic)

Save the rest, maybe buy a nice vacation place that I can rent out
Wow, you're going to kick in an additional $500K?
I thought it said 5 million when I first looked at it as well.

Do you have to move away? I hope not because I wouldn't move, right where I am is worth more than $500k to me.
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Old 06-24-2011, 05:39 PM
 
5,187 posts, read 5,445,205 times
Reputation: 1612
OP,you might want to put a comma in your number 500,000, because the post under you is up to 1 million and then saving the rest, there ain't no rest.
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Old 06-24-2011, 05:46 PM
 
Location: Appalachian New York, Formerly Louisiana
3,684 posts, read 4,341,255 times
Reputation: 4617
I would move somewhere into the mountains of northern central Pennsylvania or southern tier New York on a dirt road, build a modest single floor home (I'm thinking that would be around $200,000 or less), and live well below my means with an average job and my artwork for augment.

The rest would be in the bank (I'd hope to at least be able to save $100,000).

Though at least $50,000 would go to my parents. $30,000 to buy their land for good and proper, and $20,000 to fix their old hillbilly house.
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Old 06-24-2011, 05:47 PM
 
Location: Center City
6,577 posts, read 7,351,520 times
Reputation: 8655
Quote:
Originally Posted by jon1987 View Post
Move to an upscale Dallas neighborhood, buy a place for 700k

A few nice cars to fill the garage, around 300k (need one exotic)

Save the rest, maybe buy a nice vacation place that I can rent out
You might want to invest just a little in a night course in arithmetic.
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Old 06-24-2011, 05:52 PM
 
Location: Harrison, OH
910 posts, read 1,391,759 times
Reputation: 369
Quote:
Originally Posted by Bydand View Post
Wow, you're going to kick in an additional $500K?
I thought it said 5 million when I first looked at it as well.

Do you have to move away? I hope not because I wouldn't move, right where I am is worth more than $500k to me.
Yeah I thought 5 million lol


Well reconsidering all that, I'd look into a place in Florida (smaller condo) plus a nice car for 35-50k, and then stash the rest.
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Old 06-24-2011, 05:53 PM
 
Location: Harrison, OH
910 posts, read 1,391,759 times
Reputation: 369
Quote:
Originally Posted by jm02 View Post
You might want to invest just a little in a night course in arithmetic.
Calm down, I misread.
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Old 06-24-2011, 05:54 PM
 
Location: Center City
6,577 posts, read 7,351,520 times
Reputation: 8655
Quote:
Originally Posted by jon1987 View Post
Calm down, I misread.
The little hand wave means I'm just messin' with you.
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Old 06-24-2011, 05:55 PM
 
Location: Northridge, Los Angeles, CA
2,685 posts, read 6,172,872 times
Reputation: 2355
1) Stay here
2) Invest in a good business idea/help put a down payment down on a development project or an apartment building
3) ?????
4) PROFIT!

Surprised most of you guys haven't thought about the investment route. Money makes money, baby!
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