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Old 10-18-2019, 03:27 PM
 
609 posts, read 530,061 times
Reputation: 1009

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Retire. That additional money would be enough for us to accelerate our current plan to retire in three years.
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Old 10-18-2019, 03:42 PM
 
962 posts, read 612,971 times
Reputation: 3509
Short TSLA
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Old 10-18-2019, 04:12 PM
 
6,769 posts, read 5,490,348 times
Reputation: 17649
Interesting to see your responses.

Most responsible answers.

To the poster who asked when I'm sending the check, it's in the mail

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Old 10-18-2019, 04:16 PM
 
4,287 posts, read 10,769,895 times
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Pay off my mortgage then part of it would go towards an addition.
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Old 10-18-2019, 04:57 PM
 
3,354 posts, read 1,184,902 times
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To start off, look immediately into building some type of business that involves getting people with any assortment of disabilities and no family to take care of them onto a path of self-sufficiency.



Next, would look to skilled professionals for building a small, efficient community of small living spaces for so many of our citizens who aren't chasing some big mega-million lifestyle, but would rather simply get back on their feet and live modestly (for example: single, older or elderly, homeless or potentially homeless, chronically ill, unemployed, underemployed, or unemployable). And yes, all applicants would have to meet other specific requirements in order to qualify.


Efficient means nearby public transportation, smaller easily accessible health and wellness facilities (with emphasis on smaller), walkable, bike, wheelchair, and other assistive equipment friendly, internet and utilities connected, and most or at least much of it operated by the residents.


In other words, I'd create a small town for people without one or never felt like they had one.
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Old 10-18-2019, 04:58 PM
 
Location: Chicago
3,925 posts, read 6,839,150 times
Reputation: 5496
~455k - Pay off both of my mortgages (1 on a rental property)
~20k - current house for improvements.
Bank the rest in retirement
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Old 10-18-2019, 07:13 PM
 
3,372 posts, read 1,566,666 times
Reputation: 4597
Quote:
Originally Posted by galaxyhi View Post
I don't care what your background is, or what your job is, or current financial situation is,

If I were to give you $500k today,vwhat exactly would you do with it?

Details, please.....

Let's see who would do what with it..

In the words of Rod Selling, Imagine if you will....

What would you do?


I would wait and stay in cash for the deflationary meltdown that is coming by July 2020. At that point once deflation starts kicking in full force, I would be buying quality stocks and gold. The deflationary meltdown will last for about 8-12 months. Will be time to buy on the cheap similar to 08-09.
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Old 10-19-2019, 06:26 AM
 
10,503 posts, read 7,043,034 times
Reputation: 32344
Quote:
Originally Posted by galaxyhi View Post
I don't care what your background is, or what your job is, or current financial situation is,

If I were to give you $500k today,vwhat exactly would you do with it?

Details, please.....

Let's see who would do what with it..

In the words of Rod Selling, Imagine if you will....

What would you do?




Commercial real estate (Warehouse/distribution in the Southeast is like finding money on the sidewalk) and an S&P index fund.
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Old 10-19-2019, 06:34 AM
 
18,549 posts, read 15,590,462 times
Reputation: 16235
Probably put $300k in stock index funds, reserve $ 100k for a “ miscellaneous life transitions” fund, and use the other $100k for a career change.
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Old 10-19-2019, 07:04 AM
 
Location: Warwick, RI
5,481 posts, read 6,307,209 times
Reputation: 9534
Quote:
To the poster who asked when I'm sending the check, it's in the mail

Thanks, I'll keep my eye out!!
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