winner 2,000,000 on a scratch ticket

[Wiglaf]

actually i think opening a shop is a great idea right now, most people are stuck with thier cars and fixing them. Used cars selling higher than bluebook. Nobody has a job to finance new.

[RXTurner21]

no ticket? fail.

[SLUCK]

spend some of the money on education and learn to use punctuation.

[bimmerpirate]

tl;dr

invest it, make money off of it that way. give yourself time to get over the shock to actually think about what to do with it. Think about if your great idea is actually just you blowing the money or doing something that will make long term sense.

and it may be obvious to me, but finding a way to spend ALL of it is pretty stupid. Wait for taxes to roll around and kick you in the ass.

[mcruz121]

no evidence?
I just wasted 5 mins of my time looking at ten pages for the pic

[FCB_M3]

no evidence?
I just wasted 5 mins of my time looking at ten pages for the pic

[SimplyDope]

It's the weekend. He's probably got his hands full with hookers and blow.

[TurboJake]

It's the weekend. He's probably got his hands full of hookers and blow.

ftfy

Gotta love hooker orgies.

[freeride53]

spend some of the money on education and learn to use punctuation.

[Massimo]

funny how no one suspecs troll. I am not saying you are, I just want all your bank details to confirm.

[accident]

318i, 318is, 325e, 325es, 325i, 325is, 325ic, 325ix... missing 2.

The first car badged "325" was the base model eta in 87, and then in 88 the Super ETA was badged just "325" as well. boom. :D

[fronton]

Never pay off your credit or any debt off in full at once. You will end up with zero credit.

When paying off debt always put the amount of the debt (including finance charges plus an extra 10%) into an account that gets automatically deducted from. Do this and have it set from a period of 6 months to a year.

Keep doing this and you'll get $100k credit lines thrown at you in no time. Then invest into a business or buy a home with massive credit line.

This is the mentality that put us in a depression. You telling him not to pay off debt but rather trick credit agencies into giving him MASSIVE debt that will hang over him and his family until the bank forecloses when he can't afford the $2,500 mortgage three years out and eventually the government bails out the bank with more money stolen from RESPONSIBLE citizen's SS and much worse.

How about this: pay off your debts in full, put 50% in savings or gold, and IF you have a solid business idea or lack of education, invest in either of those but do NOT borrow against more than you have in savings.

[Pudmunkie]

This is the mentality that put us in a depression. You telling him not to pay off debt but rather trick credit agencies into giving him MASSIVE debt that will hang over him and his family until the bank forecloses when he can't afford the $2,500 mortgage three years out and eventually the government bails out the bank with more money stolen from RESPONSIBLE citizen's SS and much worse.

How about this: pay off your debts in full, put 50% in savings or gold, and IF you have a solid business idea or lack of education, invest in either of those but do NOT borrow against more than you have in savings.

I'm still not sold on keeping massive reserves of gold. Even through the slow economy we are in people should still be seeing at least 8% reruns on some decent funds. Gold won't give you that kind of return. Even worse if your idea of hoarding gold is coins bars or jewelry...

Sent from tablet in ('rooted','nook','cm7')

[fronton]

I'm still not sold on keeping massive reserves of gold. Even through the slow economy we are in people should still be seeing at least 8% reruns on some decent funds. Gold won't give you that kind of return. Even worse if your idea of hoarding gold is coins bars or jewelry...

Sent from tablet in ('rooted','nook','cm7')

The idea behind gold for me is not as a money-making investment but rather as a safer security than investing elsewhere. In the last two years we all know the price per ounce has more than doubled but mostly due to inflation and fear of the markets. This defines my point that it is a better security than putting the cash in the bank or investing in stocks (unless you have some inside info) - if you had put $50k in a bank two years ago, even if you had a 2% CD which you can't even get 0.5% today, it would be worth $47k today. Had you bought gold however, it would be worth $120k today.

Regardless of dollar gains off gold returns, gold has intrinsic value. Stock doesn't, cash doesn't. And yes, the only way to buy gold intelligently is to buy physical gold - bars, coins. I'd stay away from jewelry though. It is also the most liquid asset you can have besides green dollar bills, but for the world, it is far better and actually more liquid than american tender.