So I got 80 Thousand!! What should I do?

tubeincreaser said:

Don't open up a computer shop, very little profit. Do something with marketing.

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I agree, opening a computer shop/restaurant/small shop has a very small profit margin.

Megalomaniac Midget said:

I totally agree. Buy gold & silver and get physical delivery, don't get the IOU paper gold.

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I'm on board with this guy. Your inheritance will be worth a LOT more than $80K a year or two from now. It could potentially double or even triple. It pays to have patience.

Pay off the house. Until you do that you're bleeding interest, say you have 20 years left on mortgage, this will save you probably $100,000+ over the life of the loan. Then take the money you would use for mortgage payment and pump it into IM. Think big.

edit: crap, old thread. glad it worked out.

Spare a little amount to invest on a business, but be sure to seek professional business developer's help if you are not so familiar with starting a business. You can invest on mutual funds (comes with risk but in the end, you'll double your investment) or Time deposit (no risk, but with fair monthly interest rate). Don't forget to pay your mortgage.

LOL people are still telling you to pay off the mortgage.... this is a funny thread.

Good job OP on your success!! I love it.

Hey MilitaryIV I know exactly what I would do if I was you. It is a amazing opportunity for anyone who has the information to get in on this. I would love to pass this information on to someone who would use it and make a truck load of money. Hit me up in a PM if you are interested. I received this information from a investor and I know you could capitalize on this big time. But for me I have interest in something I have been eyeballing for 5 years now and I got tunnel vision and I intend to dominate it nationally and internationally. I am doing all the work for it myself and I don't intend to share or partner with anyone in it. Kind of fortunate for me and my family.

texarcana said:

what country are you in? If you're in the USA, (or any other country that taxes inheritances/capital gains), seek the advice of a reputable Tax Attorney before you spend a single dime. You don't want to pay something off, only to lose it soon after because you can't afford to pay the taxes on it.

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True that!

In my mind, I would pay off the house only (option 1), but I would still consult a Tax Attorney first.

MiLiTARYiV said:

I'm trying to move offline. I'm getting tired of sitting by a CPU 24 hours day and a CPU business is good money.

Fix one CPU for $50 times 31 days in month equal over $1500 a month. Thats only if I fix 1 CPU a day not including other sales

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You aren't even using the technically correct language. One does not "fix" a CPU. I don't think you are even qualified to fix computers, much less run a business that fixes computers.

$50.00 a day is chump change. You'd need to gross a lot more than that just to break even. You won't be working 31 days a month, and you left off all the expenses of running a business. You have an over-simplistic understanding of the situation, and it also sounds like you aren't smart enough to take the advice of people that know more than you.

Your grandfather isn't dead yet, and you are already planning on spending the inheritance. I think you are a young, stupid and crass. Heavy emphasis on the word "crass". You should look it up, because I am certain you don't know the definition of the word. After that, study the word "ignorant" also.

You don't know a thing about what you are talking about, and you are putting effort into pissing away an inheritance in the stupidest manner possible.

Are you really a horse's ass, or are you just roping other horses asses into some kind of scam?

Now I regret this post. Part of me thinks I should delete it and let nature take it's course. Made a decision. My better nature has decided to post this, on the off-chance it does some good.

pay 70K to mortage, the rest - start marketing

so now my wife(basically) has a family member who left her life insurance money is going to be passing away soon. and she is sole person to receive it. So yea looks like de ja vu again pretty soon....

MiLiTARYiV said:

so now my wife(basically) has a family member who left her life insurance money is going to be passing away soon. and she is sole person to receive it. So yea looks like de ja vu again pretty soon....

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Ouch - Sorry to hear about your wifes loss

BTW- How'd the first round of inheritance go?

LOL i cant stop myself from saying

please send it to me "with love" i'll treat it like my very own.

on a more serious note: i am sorry to hear about you granpa.

Well its my girls family member who left it for her so basically its going to be mine to.
He grandma still here but not doing so well and left the insurance policy in her name as beneficiary

rough life man.... all this free money...

hitman247 said:

This is good advice! +1

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Silver can drop 50% or more. Gold could drop 20-30%.
It will come back if it drops though.

Buying Silver and Gold is a good way to protect your Money in the long run. But it would be dead money and He couldn't use it.

MiLiTARYiV said:

Sold my house

A member of this forum flipped my money for me a few times.. I met up with him at his bizness and dropped some dough and he flipped it a few times for me...


Uhm CPA was good so I was banking like 10k a month of that..


Ended up buying a new 350k house in upscale neighbor. I stay next door to a NFL player..

Traveled, vacation, bought 2 cars and some other misc stuff..


Opened a CPU repair bizness in the mall here

Basically I still have the money plus more

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wow

Pay off the mortage just think once its paid off all the extra money you will have and save. I think it would be the smart thing to do then you caould save for your business or just go get a business loan with that good credit you would have.

Dear,
Pay fr your house. Then you will be a bit free and can do a lot. you can make lots of online business. you can make service proving site, content related site and many more thing. If you like traditional business then you can easily buy some franchise of some big rand and easily earn regularly a good amount.

Thanks

amdadhbd

o0ps i bump an old thread my bad