What would you do with $150,000.00

[threebag]

Suppose you bought a Lottery Ticket when filling up with gas. You go back to your car and scratch the ticket. Winner Winner Chicken Dinner you win 150k. What’s your next move?

[threebag]

I think I would split it in 1/4ths, invite my kids to dinner and hand them the cash.

[Boiled Chicken]

You probably lose close to 40% in tax and left with 90k. In that case, I’d probably pay off what debt I have, buy something nice (maybe a nice suit or a watch). Fix up my den or something for the rest.

[Buehler445]

Apply it to a note.

[Monty]

Remodel the Command Center and tailgate!

[MeaTy The Pimp]

Finish paying off debt, and continue to stockpile ammo.

[loochy]

long term investments, especially right now. There is lots of money to be made on the market.

[PunkinDrublic]

Invest it for retirement.

[InChiefsHeaven]

Since it's only 90, I'd take 9 for church and charity, and the rest put into the upgrades we are already doing on the house. And I'd take the kids and grandkid out for a bad ass dinner at a swanky restaurant.

[lewdog]

Pay off the car loan and invest the rest.

Given that timeline I may be able to retire 5 years earlier given the possible growth of that investment.

[smithandrew051]

Two chicks at the same time

[BigRedChief]

Suite at the Super Bowl to watch another Championship?

[DaKCMan AP]

Apply it right to the mortgage principal.

[Dartgod]

I think I would split it in 1/4ths, invite my kids to dinner and hand them the cash.

Dad!

[OrtonsPiercedTaint]

buy more lottery tickets

[ptlyon]

Dad!

Right, brother?

[Saulbadguy]

I'd buy $240 worth of pudding.

[BigBeauford]

Invest it all in IBIO.

[KCUnited]

Outfit my basement with soundbars

[RedRaider56]

Pay off the car loan and invest the rest.

Given that timeline I may be able to retire 5 years earlier given the possible growth of that investment.

Same, but probably move my retirement to next year instead of 2 - 3 years from now

[TribalElder]

Buy a classic car or one of those hellcats

[HayWire]

Nobody has said hookers and blow?

[tyecopeland]

I'd buy a property in central America.

[Shaid]

I'd probably invest it. Retirement would come sooner that way.

[lcarus]

I'd buy a cheap but newish car as my vehicle is on its last legs. Then I'd want to invest at least half of it. I don't know much about investing and I'm sure considering the times we currently live in, things are changing often. What would be the best way to invest 75-100K?

[Hog's Gone Fishin]

Really nice fishin pole

Then I'd pay off my boat ,truck car. I'd still have 100K left. Probably turn it into 5 more rentals with 20K down on each.

[sd4chiefs]

My Wife would just spend it all on stupid sh*t.

[tatorhog]

Invest it all in IBIO.

With the way that thing is bouncing around right now, you could make some quick cash with that kind of investment. I know I've pocketed a few hundred dinking around with it. it moves 7% and flip. Then buy it back when it dips. Easy gas money at my level. lol

[Rain Man]

Really nice fishin pole

Then I'd pay off my boat ,truck car. I'd still have 100K left. Probably turn it into 5 more rentals with 20K down on each.

How's the rental market for you right now? My apartment went vacant a couple of weeks ago and I've barely gotten a nibble on it.

As for me, I've always pledged that if I got a life-changing amount of money I'd do something charitable with a third of it, via either friends, family, or a formal charity. While $150,000 isn't truly life-changing, it's enough that I'd follow through. So my spending would be:

Taxes - $60,000
Giveaway - $30,000
Splurge - $10,000. Half for me and half for my wife. I'd probably take a trip somewhere (post-virus) and she'd buy some fashion or art.
Invest - $50,000 would go into the retirement fund

[displacedinMN]

Quit. Wife would still have to work.

Not enough to do what I want to do.

[Tonka83]

Two chicks at once. I've always wanted to do that.....

[Iowanian]

You win $150K, govt is keeping half...so you've got $75k.

I'd use $50k for debt reduction, I'd invest some, give some to my church, some to a family cancer charity, pour some concrete and home improvement projects and maybe take the family on a reasonable trip.

[The Franchise]

Use about $50k for paying off debts, put $10k down on a new truck and put the rest in savings.

[seaofred]

I'd be pretty boring with it. I'd payoff everything I own, minus the house and invest the rest.

[Hoover]

Assuming I have 75k to play with, I'd take 5k and just have some fun. Then I'd pay 50k towards my house, and while I'm at it refinance on a fixed 15 year, then take the other 20 and put it towards my laundry room/office/patio addition on the house.

[TomBarndtsTwin]

Assume 40% (60K) is coming out off the top. That leaves 90K.

Give 10K each to my parents, my wife's parents, my brother and his family, my wife's sister and her family. That leaves 50K.

Use 10K to pay off current debt.

Put 35K in savings, retirement, investments, etc.

5K left to do something fun with for the fam. Who knows? Maybe a vacation or something. Wife wants a bathroom remodel, so maybe that.

[BigBeauford]

90k sounds right.
10k to pay off Honda Oddyssey.
10k into stocks
5k into savings
25k into savings to be used to top off my Roth the next 5 years.
40k to buy a Tesla Model 3 cash.

[Bill Brasky]

Pay down my mortgage and refi the remaining interest.

[threebag]

Nobody has said hookers and blow?

I figure we all have mullets, goatees, 10+inch cocks and Camaros... hookers and blow are like an understood you in a sentence.

[Bearcat]

Chip away at the Bugatti loan a bit.

[Deberg_1990]

Donate it it CP admins for future upgrades and support

[ChiefGator]

Pay off my land mortgages.. I have just about what would be left after taxes still to pay.

[Graystoke]

My Debt is near gone, as it should be considering my age.
I would build a sweet day cabin, (24 ft X 24ft, two story) on my extra lot on the lake. When not in use Air-B it.
Perhaps sell the larger cabin next to it and buy some property in North East Iowa to be closer to Trout Streams and better motorcycling.
The rest I would invest

[burt]

$90k?

$10k to my Dad
$25k to pay off SO's vehicle (she wants a new one
$5k to pay bills
$10k for decent vaca
$40 into my investments

[burt]

I figure we all have mullets, goatees, 10+inch cocks and Camaros... h

and I only have the middle 2 outta 4....:#

[TinyEvel]

ALL IN ON IBIO. GONNA BOUNCE ANY DAY NOW!!!
--Clay

[Paniero]

I'd give it to Pat Mahomes as a my own thank you for stopping my suffering as a Chiefs fan. It may not be much to him, but it's worth it.

[Gravedigger]

Pay off debt, college account for the kids, down payment on a new house that's not a split level.

[Garcia Bronco]

For 75k after taxes I would buy a piece of property and rent it out.

Or Hooker and blow. Not sure.

[TribalElder]

CLUB LEVEL SEASON TICKETS TO SEE THE GREATEST QUARTERBACK IN THE HISTORY OF EARTH SIR PATRICK MAHOMES II

[Rain Man]

For 75k after taxes I would buy a piece of property and rent it out.

Or Hooker and blow. Not sure.

If you go with the property, you'll have to have a speech ready to yell at the neighbor kids to keep their balls away.

If you go with the hooker, you'll have to ... oh, well, that's a wash.

[Rasputin]

Buy another $150,000 worth of lottery tickets

[smithandrew051]

CLUB LEVEL SEASON TICKETS TO SEE THE GREATEST QUARTERBACK IN THE HISTORY OF EARTH SIR PATRICK MAHOMES II

He plays for the Kansas City Chiefs, which is my favorite professional football team

[Demonpenz]

75K 1969 Mustang Fastback Mach 1 for my dad and I 35K just save invest and gamble and use it on random shit that I need as it comes.

[Rain Man]

75K 1969 Mustang Fastback Mach 1 for my dad and I 35K just save invest and gamble and use it on random shit that I need as it comes.

I briefly drove one of those when I was a teen. Nice choice. It really felt like a muscle car.

While it was less popular, I also drove a 1972 Mach I for a while, and I really liked that '72. It was less of a muscle car feel and more luxurious, which matched my personal preferences a bit better. Plus, I was a big fan of the cockpit.

[mlyonsd]

I'd buy a food truck.

[Fishpicker]

buy the gas station provided it wasn't run down nor in a bad neighborhood. add an EV charging station.

[Perineum Ripper]

https://thumbs.gfycat.com/FilthySlimyAlbacoretuna-max-1mb.gif

[Easy 6]

Coke, whores, then hire Van Halen for a concert on the beach

[Monticore]

You win $150K, govt is keeping half...so you've got $75k.

I'd use $50k for debt reduction, I'd invest some, give some to my church, some to a family cancer charity, pour some concrete and home improvement projects and maybe take the family on a reasonable trip.

We get to keep it all up here which is nice but 150k Canadian is like 75k US lol , I would probably want to invest it and the wife would probably spend it all on the kids ( pool/artificial ice rink) guess who wins that argument.

[Demonpenz]

I briefly drove one of those when I was a teen. Nice choice. It really felt like a muscle car.

While it was less popular, I also drove a 1972 Mach I for a while, and I really liked that '72. It was less of a muscle car feel and more luxurious, which matched my personal preferences a bit better. Plus, I was a big fan of the cockpit.
It was bigger because the people whom bought mustangs were older abs more mature. I like those 70 years just fine. The worsr being rhe mustang II years the best 68 69 70

[hometeam]

pay off the house and the cars and go to work the next day

[wutamess]

Assuming you're really asking. I came across this scenario in real life.
I paid off about $20k in bills and put the rest in a stock brokerage account to invest.
Over the 3 years, I've spent $30k from that account and today it sits like I've just let it sit and haven't touched it. After a while, you'l start to look at money differently in the aspects of... You don't really need it. It doesn't make you or break you. It's nice to have but... FOR WHAT? A rainy day (like now) that you're still not using it?

Of course I kept bills to a minimum (wife's student loans).

Then you REALLY start to realize the gubment needs to keep you dependent on it. That's why they gave everyone this stimulus (imo).
To keep us dependent on a monetary system.

[SPchief]

Obviously, buy $150000 worth of lottery tickets. Instant Billionaire!

[Bugeater]

I would finally move the fuck outta this town.

[JakeF]

150k really isn't a lifechanging amount. Pay your bills, hopefully including your house, and put the rest in the bank somewhere that gets decent interest.

That's it.

[Bugeater]

It's probably not life changing if you're young and raising kids etc, but believe me, I could change the fuck out my life right now with 150k.

[Coogs]

pay off the house and the cars and go to work the next day

This would be my plan.

[Valiant]

Wait a year so I know what additional taxes I have to pay with the income tax base increase.

Pay off my cc, half goes in savings after that. Rest goes to house payment and a fun purchase like a 69 Camaro.

[saphojunkie]

Derp after taxes derp derp taxes derpy derp

FFS just assume the hypothetical question includes taxes already coming out. FFS

A year ago I would have talked about spending it, and now it would all go into the stock market. I live in LA, and there is virtually no point in me even thinking about buying property there. I’d rather buy a place in Texas and keep a small affordable place in LA for when I have to be there physically.

[saphojunkie]

Then you REALLY start to realize the gubment needs to keep you dependent on it. That's why they gave everyone this stimulus (imo).
To keep us dependent on a monetary system.

Yeah! That’s why I’m quitting money cold turkey!

[Rain Man]

Yeah! That’s why I’m quitting money cold turkey!

I've been converting my finances over to Yap currency. It really promotes saving instead of spending when you have to roll a 500 pound stone to the store to buy M&Ms.

https://www.sciencenews.org/wp-content/uploads/2018/07/080418_money_sidebar_feat-1.jpg

https://www.npr.org/sections/money/2011/02/15/131934618/the-island-of-stone-money

[JD10367]

I'd pay off my mortgage with $100k of it, then take the other 50k and buy a house far away from people and this COVID-19 madness--maybe in Alaska, maybe in rural Washington or Oregon, or maybe up in Maine. I would then rent out both units of my current house to pay the mortgage on the new house, and I'd get the fuck out of dodge. I want to be surrounded by trees, get off the grid somewhat, and not have to worry about facemasks and hunting toilet paper when the next bug hits.

[BucEyedPea]

Buy gold, silver, renovate kitchen to my dream kitchen.

[MahiMike]

The $40K in taxes can be invested into a CD or something safe for a year...

[Megatron96]

Has anyone already picked trying to win the Chiefs/Mahomes All-in Challenge experience? If it's not already over $150,000 that's what i'd probably do.

If it's already gone, I guess I'd buy a Vette. And a new-to-me truck.

[patteeu]

I’d give some of it back so the state could surround me with higher quality lottery winners.

[1COOLDOG]

Give half of it to the guy who wrote this.

[Rain Man]

Buy gold, silver, renovate kitchen to my dream kitchen.

I don't know. Gold and silver countertops will mar too easily. It would be pretty, but you should use a different material for the long term.

[D.A.P.]

Hookers and blow

[big nasty kcnut]

I'd buy $240 worth of pudding.

Lol how we get the money shhhhhh you don't need to know.