Won 225,000 in iowa lottery and just recieved my payout of 157,000 | |
fromthefuture User ID: 64079963 United States 01/02/2021 03:18 PM Report Abusive Post Report Copyright Violation | |
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Anonymous Coward User ID: 76841311 United States 01/02/2021 03:22 PM Report Abusive Post Report Copyright Violation | Spend some time researching investments. Shoot for 6-8% interest a year which should give ya $8,000 to 12,000 annually. Or put 100,000 into an account like that and speculate on something else with the remaining money. Hell put 3,000 into crypto and see if you can turn it into more money (I turned 3,000 into 75,000 this year) and put the rest away in sound investments. Or pay off your house or start a business. Lots of options, just play it safe |
Anonymous Coward User ID: 21434672 United States 01/02/2021 03:22 PM Report Abusive Post Report Copyright Violation | Do they still have those accounts that can only be used for child's education? They could only be used as such. Put 20 grand in each. Buy a plot of land somewhere for 60k Put some in ammo/gun, liquor or water filtration systems/parts stocks. Put some in account you can grab quickly. Keep 5-10 grand cash at home. Put some in annuity. |
Anonymous Coward User ID: 79781387 United States 01/02/2021 03:23 PM Report Abusive Post Report Copyright Violation | I've never had this type of money and I do not know what to do with it ,i want to invest for my children's future and not buy stupid stuff we do not need. Does anyone have any pointers? Quoting: Lucky single father 79785301 You want to invest in your kids future? The best advice I can give you is to use it to buy property out in the country. That way you will have a nice piece of land to raise your kids on and when you die you will be able to pass it on. And if the shit hits the fan you will have some land to grow your own food so your kids don't starve. |
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SLC User ID: 73547483 United States 01/02/2021 03:24 PM Report Abusive Post Report Copyright Violation | Do they still have those accounts that can only be used for child's education? They could only be used as such. Put 20 grand in each. Quoting: Anonymous Coward 21434672 Buy a plot of land somewhere for 60k Put some in ammo/gun, liquor or water filtration systems/parts stocks. Put some in account you can grab quickly. Keep 5-10 grand cash at home. Put some in annuity. *This* ...and I'd buy a little silver & gold. I'd rather go down the river with seven studs than with a hundred shitheads. -Colonel Charlie Beckwith |
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T-Man Entitled title User ID: 78270630 Netherlands 01/02/2021 03:25 PM Report Abusive Post Report Copyright Violation | CRYPTO TIME BABY! Anyway congrats and dont rush in to spending it. take some time first to not do anything with it Last Edited by T-Man on 01/02/2021 03:26 PM |
Larry D. Croc User ID: 70736097 United States 01/02/2021 03:26 PM Report Abusive Post Report Copyright Violation | I've never had this type of money and I do not know what to do with it ,i want to invest for my children's future and not buy stupid stuff we do not need. Does anyone have any pointers? Quoting: Lucky single father 79785301 If it were me I'd find a "fee only" fiduciary. Means they get a percentage of what's invested and do NOT get paid commission to sell you things. Again, if it were me I'd set aside 10% as "what the hell, I can do what I want with this". Pay off any credit card or car loans. Figure your monthly expenses and stash 6 months of those expenses in an immediately accessible account. Take 5% and buy actual physical silver as a hedge against inflation. Invest the rest. Congrats, nice way to start the new year. "Socialism only works in two places: Heaven where they don't need it and hell, where they already have it." Ronald Reagan The trouble with our liberal friends is not that they're ignorant; it's just that they know so much that isn't so." Ronald Reagan |
President Elect dodger007 User ID: 77690112 United States 01/02/2021 03:27 PM Report Abusive Post Report Copyright Violation | I've never had this type of money and I do not know what to do with it ,i want to invest for my children's future and not buy stupid stuff we do not need. Does anyone have any pointers? Quoting: Lucky single father 79785301 Real estate Buy good attractive home or duplex Right there in your city or town, that you can manage Invest in sound rental ( look for a good school district) Get a 30 yr mortgage ...but pay an extra payment per year toward principle and knock the loan down to 15 years...it will be paid off when your kids go to college or need money to start a business or buy a home Last Edited by Dodger007 on 01/02/2021 03:27 PM You can count on America to do the right thing after exhausting every other alternative." Winston Churchill |
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Dogfood™ User ID: 79824634 United States 01/02/2021 03:32 PM Report Abusive Post Report Copyright Violation | your blessed, god loves you just be happy you don't live in a world of shit like me Last Edited by Dogfood™ on 01/02/2021 03:32 PM |
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