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Old 04-02-2014, 03:28 AM
 
Location: Missouri
592 posts, read 802,594 times
Reputation: 551

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Quote:
Originally Posted by KaraBenNemsi View Post
Whatever the advice you'll give him, he'll lose it anyways. He didn't have to work for it, and expects more to come. That's enough of a de-motivation to be a slacker. Trust fund kids are rarely successful in life. Just busy squandering it.

Donate it to a charity. Or at least a big portion of it.
You sound very bitter.... I think he should take a small portion and start a business of some kind. You're never too young to work for yourself. It can be a simple business like landscape, yard work, painting, etc.. the experience alone will be worth the $5-10k spent. Emergency fund of $25k. Everything else depends on too many factors that we don't know.
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Old 04-02-2014, 09:03 AM
 
706 posts, read 1,308,951 times
Reputation: 369
Quote:
Originally Posted by IonRedline08 View Post
Hookers, Weed, Blow, and Beer

In that order....? Let's analyze that....
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Old 04-02-2014, 09:12 AM
 
706 posts, read 1,308,951 times
Reputation: 369
Quote:
Originally Posted by golfgal View Post
If he put the 150K into a retirement account, added nothing for the next 40 years, at a conservative 6%, he would have over $1,500,000....

Since he has expected funds coming later, sounds like he could have his retirement fully funded with those draws....

Spend a little of each on something fun and frivolous and invest the rest...which is how the money probably came to be in the first place...

Good post....

Imagine how much fun we could have if we decided not to have kids...only if I could convince my gf of that..ha ha

I like kids, just saying.
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Old 04-03-2014, 09:21 AM
 
706 posts, read 1,042,013 times
Reputation: 880
25K = Emergency Funds
25K = Medical Emergency Funds
25K = 401K/IRA Plan
10K = Mutual Funds
10K = Stock buys
5K = new wardrobe

50K = down payment on a condo/co-op
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