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Old 12-10-2007, 07:41 AM   #81 (permalink)
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Probably get some assets like houses, cars, furniture, technology, etc. Then get a finanicial adviser to help make more money by investing in several other companies while leaving a set of funds for each family member and myself to use for the meantime.
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Old 12-10-2007, 08:02 AM   #82 (permalink)
I Confess a Shiver
 
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I'd buy ALL the duct tape on the east coast and sell it back at ridiculous prices.
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Old 12-13-2007, 07:19 AM   #83 (permalink)
Junkie
 
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Location: MD
Quote:
Originally Posted by guccilvr
hookers and booze.
booze and hookers and hookers and more hookers
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Old 12-14-2007, 10:54 PM   #84 (permalink)
eat more fruit
 
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Location: Seattle
With 100k I would stay home and use it to trade stock options full time. Oh baby !
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Old 12-15-2007, 06:11 AM   #85 (permalink)
Junkie
 
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Location: Greater Boston area
pay off the cars then refiance the house with whats left over.
the money i save there would pay the rest of the debt off in a few months.
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Old 12-15-2007, 06:18 AM   #86 (permalink)
Psycho
 
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Location: Virginia Beach, VA
Pay off bills.
Buy a Magpul Masada.
Invest the rest about 60:40 in the company my dad's helping launch and my brother's production company.
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Old 12-15-2007, 08:15 AM   #87 (permalink)
I Confess a Shiver
 
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Masada. Good choice!
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Old 01-11-2008, 01:51 AM   #88 (permalink)
 
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Location: Canada
Quote:
Originally Posted by Average_Joe
Hey Merlocke. You got my attention. Can you teach me how to do this?

Also, eloborate on #3?

(Sorry...... threadjack)
http://earl-ipoint.blogspot.com/

I post my findings from time to time. Otherwise, I'll just point one of my staff in your direction. I take pride in the fact that I made my investors 7.8M in 2007 on their aggregate 26M in the investment I've researched.

And no, I'm not a crappy licensed financial planner monkey that sells whatever the banks or mutual fund co's tell me to do to bilk clients out of their money via commissions. No offense to the other financial dudes out there - I just don't charge for info and I make enough on my own investments.

----back to OP----

so - what'd you do with the money in the end? - just curious.
Go read Rich Dad Poor Dad by Robert Kiyosaki. It's the book that got me out of the whole 9-5 thing.
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Last edited by Merlocke; 01-11-2008 at 01:54 AM..
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Old 01-12-2008, 11:40 AM   #89 (permalink)
Let's put a smile on that face
 
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Location: On the road...
Pay off my student loans, pay off my vehicle loan, pay back my RSP's that I took out to help me while I am at school.
(we don't get taxed on lottery winnings in Canada)
Should have about 70K left. Probably put 50K of that as a down payment on a house, 13K into my savings fund. 5K on nice leather couches for my new house. and the last 2K will be spend on impulse buys. Like lego, I think I would buy an ass load of lego
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Old 01-13-2008, 07:43 AM   #90 (permalink)
immoral minority
 
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Location: Back in Ohio
Quote:
Originally Posted by Merlocke
Step 4: Watch house appreciate, loan pay itself, investments grow.
While it's not a bad plan, and homes usually appreciate, they can't go up forever. The person I bought my home from lost $10,000 on it, and it is a good (built in 2000) $140k house in Ohio.

But I agree that the game is to get as much cash on paper and leverage you can get and make more money until you don't need to borrow it. But you also don't want to be in financial ruin because the market tanked or people started to realize that investors were controlling home prices instead of homeowners in the major markets and people couldn't or didn't want to pay the premium for some flippers greed.
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Old 01-22-2008, 05:50 PM   #91 (permalink)
Upright
 
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Location: California
Keep it all and dont work during college, just go to school full time. It might work for a year or two, considering my lifestyle. I'd certainly be able to pump out a lot of classes in that time, though. Plus going for a dual major is a real bitch.
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Old 01-22-2008, 06:34 PM   #92 (permalink)
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I'd move my parents into a nicer neighborhood.
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Old 01-31-2008, 05:22 PM   #93 (permalink)
Psycho: By Choice
 
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Location: dd.land
I'm not sure how much would be left after taxes, but the first thing I would do is pay off my student loans; buy both my sisters houses, and get myself a car and some new tattoos.
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Old 02-02-2008, 12:59 AM   #94 (permalink)
bad craziness
 
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Location: Guelph, Ontario
1/2 towards a house (I already have a down payment but more would be better)
Pay off car loan
Trip to Cuba (with money for some nice cigars)
Put the rest away for retirement.
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