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What would u do to 370 if you won 75k

Originally Posted by Mr&Mrs Only get a GTR if you can afford to maintain it, and make payments. I would not put that much cash all at once into something

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Old 02-03-2013, 01:28 PM   #1 (permalink)
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Only get a GTR if you can afford to maintain it, and make payments. I would not put that much cash all at once into something with no return. I would actually buy a nice foreclosure or short sale cash, and rent it out.
Never even thought about that.

Other option would be to buy a nice beachfront condo somewhere and rent it out when you're not using it.
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Old 02-03-2013, 01:15 PM   #2 (permalink)
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All I saw was TAXFREE...

For me, I would never pay off the House...At today's rates being 3.75%, you are borrowing the money for free after deductions...No paying the House..If you have one. Refinance NOW

A paid off house is illiquid and you can get a loan for 3.75% and you can make double that Investing. Some people need a paid off home...With Interest rates below 4%, it is a no brainer....Re finance, or buy a Home with only 20% down.

Second I would invest at least 30K to 50K in Dividend paying stocks and reinvest the dividends...At 7% it will double in 10 years...

Then just for fun, blow 10K to 15K on your car if you want. And bank the rest for unknown futures costs...
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Old 04-05-2013, 04:20 PM   #3 (permalink)
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All I saw was TAXFREE...

For me, I would never pay off the House...At today's rates being 3.75%, you are borrowing the money for free after deductions...No paying the House..If you have one. Refinance NOW

A paid off house is illiquid and you can get a loan for 3.75% and you can make double that Investing. Some people need a paid off home...With Interest rates below 4%, it is a no brainer....Re finance, or buy a Home with only 20% down.

Second I would invest at least 30K to 50K in Dividend paying stocks and reinvest the dividends...At 7% it will double in 10 years...

Then just for fun, blow 10K to 15K on your car if you want. And bank the rest for unknown futures costs...
Basically, I need this man around me to get my back on the straight path!
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Old 02-03-2013, 01:41 PM   #4 (permalink)
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First off nice winnings!

- TT the Z with all the best parts, components and tune (15K)
- Put 10K aside to get top notch rubber tile flooring and other sweet items for my dream garage when I move next year.
- Invest 25K or dump into my RRSP
- Remaining 25K should get me a great 3rd car for winter beater/daycare drive duty. something I'll actually like driving instead of the current 09 Golf City I have.
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Old 02-03-2013, 02:13 PM   #5 (permalink)
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if you don't have anything to pay off and dont need the money for a family.

you can buy a nice car like a GTR or mod the Z. keep in mind one thing, if you mod that Z you better keep at least 10k around for something that might break. keep enough money to replace a engine or other major drivetrain components.
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Old 02-03-2013, 02:48 PM   #6 (permalink)
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Buy a bag of coke and do lines off the Z's backside
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Old 02-03-2013, 04:40 PM   #7 (permalink)
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Invest your money. Talk to a financial consultant and do low risk investments in energy.
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Old 02-03-2013, 04:47 PM   #8 (permalink)
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Invest your money. Talk to a financial consultant and do low risk investments in energy.
I would diversify more, but I do like your thinking ....
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Old 02-03-2013, 04:50 PM   #9 (permalink)
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ls swap and 10 sets of hoosiers and carbotechs
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Old 02-03-2013, 05:30 PM   #10 (permalink)
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ls swap and 10 sets of hoosiers and carbotechs
LS-9 Swap.....
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Old 02-03-2013, 07:28 PM   #11 (permalink)
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Absolutely nothing
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Old 02-03-2013, 07:30 PM   #12 (permalink)
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If I had 75K I'd buy one ounce gold American eagles. 75K worth
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Old 02-03-2013, 04:55 PM   #13 (permalink)
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I would get an authentic Amuse kit
FI exhaust
FI TT kit + supporting mods
TE37 + RE11
Aftermarket sound system
Bride seats
Full suspension makeover (arms, coilovers, etc)

75k still wouldn't be enough...lol
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Old 02-03-2013, 07:47 PM   #14 (permalink)
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I would put the $75k in the bank and trade the Z in on a GTR
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Old 02-03-2013, 08:03 PM   #15 (permalink)
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X2
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