winner 2,000,000 on a scratch ticket

[shiftbmw]

100k isn't much these days, but it's certainly enough that you don't want to squander it.

Step 1) If you have credit card debt, pay it off in full
Step 2) If you don't have health insurance for whatever reason, get it
Step 3) Max out your IRA for 2011 ($5000)
Step 4) Treat yourself to something small to get rid of the itch ($5000 max)
Step 5) If you don't have at least a bachelor's degree, a college education will give you an excellent long term ROI. More true if you can supplement with grants etc
Step 6) Invest the rest diversely and try to create a passive income stream(income you don't have to work for...interest, appreciation, etc). This could include stocks, gold...land is tough in ca for that little coin.

[Vtec?lol]

100k isn't much these days, but it's certainly enough that you don't want to squander it.

Step 1) If you have credit card debt, pay it off in full
Step 2) If you don't have health insurance for whatever reason, get it
Step 3) Max out your IRA for 2011 ($5000)
Step 4) Treat yourself to something small to get rid of the itch ($5000 max)
Step 5) If you don't have at least a bachelor's degree, a college education will give you an excellent long term ROI. More true if you can supplement with grants etc
Step 6) Invest the rest diversely and try to create a passive income stream(income you don't have to work for...interest, appreciation, etc). This could include stocks, gold...land is tough in ca for that little coin.

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.

[madman23]

Invest it or put it in the bank and have fun with the intrest.

[mr.vang]

i was looking at the same kind of scratcher yesterday when i was at food4less..i was going to get it but didn't want to waste my $5. he is one lucky man

[bernzpeed]

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

Not true. Pay it off and your credit score kicks higher. Then borrow again but stay under 50% of your credit line to maintain it.

[bernzpeed]

If you want to start a biz, 50K bond is all you need to start a used car dealership. Flip cars = mo money.

[mr.vang]

uncle sam prank... i'll laugh my ass off.............

[fliplap]

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

This is terrible advice, and outright wrong.

Paying interest on a balance does nothing for your credit score. Pay it off, keep it open, use it, and pay it off every month.

[ethrtyiS]

invest the money. dropping your money into a shop can be risky, especially in this economy. your absolute best thing to do to, invest wisely. talk to a reliable investor and find out what are the best fields to get into, ie. companys, land, etc. with rising money trends. if you have extra money, large down payment on a house. this will, in the long run, help you out more than dropping money on a car that may not last very long, plus you'll have slightly more money to spend on a car later. just my .02.

[Pudmunkie]

This is terrible advice, and outright wrong.

Paying interest on a balance does nothing for your credit score. Pay it off, keep it open, use it, and pay it off every month.

At least one other person is walking around without their head up their ass!

Wow, 'don't pay off your debt' That's the worst fucking advice ever!

Emergency fund
Pay off debt
6 mos expenses
Invest for retirement.

Oh, and go to school.

[joshh]

Put it in the bank and keep it there.

[Bimmerman325i]

Smart option: Invest all of it and live as if you don't have the money. Talk to a financial adviser. 100k isn't as much as it sounds, so invest it wisely. 100k now is $1.2M at avg 10%/yr in 25 years. Assuming you've got 40 years till retirement, at conservative average 8% per year, that's $2.5M.

Be smart, that money will be awesome to have later.

Really stupid but fun option: E90 M3 and a 1M.

[Vtec?lol]

This is terrible advice, and outright wrong.

Paying interest on a balance does nothing for your credit score. Pay it off, keep it open, use it, and pay it off every month.

lies!:hitler:

[619E30]

So where are the pics of the winning ticket?

[Dave003]

Shower that money on r3vlimited and bring back the pron!