What do you do with a lot of extra money?
- Thread starter GROUCHO MARX
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Originally Posted By: leftlane
I'd invest it then help people and travel the world off the interest.
(beg pardon - just stray random associations here -
)
From Groundhog Day
Phil: I'll have a sweet vermuth on the rocks with a twist
Bartender: And for you miss?
Rita: The same...thats my favorite drink!
Phil: Mine too...it always makes me think of Rome when the sunset hits the buildings.
Rita: What should we drink to?
Phil: to the Groundhog!!
Rita: hmmm...i always drink to world peace.
Next time around
Phil: Yeah I'll have a sweet vermouth on the rocks with a twist. Rita: I'll have the same, thats my favorite drink.
Phil: Mine too, it reminds me of Rome...in the evening when the sun lights the buildings.
Rita: What should we drink to?
Phil: I always drink to world peace.
Rita: World peace...
I think most of us that have had somewhat humble origins or experiences would be rather generous with any substantial windfalls that happened to fall into our laps. OTOH, you may actually get enough navigation room to realize what your missing out one that is now just out of your reach.
I'd invest it then help people and travel the world off the interest.
(beg pardon - just stray random associations here -
From Groundhog Day
Phil: I'll have a sweet vermuth on the rocks with a twist
Bartender: And for you miss?
Rita: The same...thats my favorite drink!
Phil: Mine too...it always makes me think of Rome when the sunset hits the buildings.
Rita: What should we drink to?
Phil: to the Groundhog!!
Rita: hmmm...i always drink to world peace.
Next time around
Phil: Yeah I'll have a sweet vermouth on the rocks with a twist. Rita: I'll have the same, thats my favorite drink.
Phil: Mine too, it reminds me of Rome...in the evening when the sun lights the buildings.
Rita: What should we drink to?
Phil: I always drink to world peace.
Rita: World peace...
I think most of us that have had somewhat humble origins or experiences would be rather generous with any substantial windfalls that happened to fall into our laps. OTOH, you may actually get enough navigation room to realize what your missing out one that is now just out of your reach.
What did Sparksie do with the money he got from finding the original Declaration of Independence?
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For me, I would do the following in the following order:
1) Wife stop working (she always wanted to do that but can't afford to) and may be have a dog or 2
2) Pay off the mortgage
3) invest in an area that I know well (apartment complex)
4) Donate some to an honest charity (Doctors without border?)
5) Trust fund for kids (if I am so darn wealthy I probably don't want to spoil my kids, and give them all of my wealth at once)
6) Stop working and do charity work (like teaching in a local school)
7) Buy everyone on BITOG a gallon of his/her favorite oil.
1) Wife stop working (she always wanted to do that but can't afford to) and may be have a dog or 2
2) Pay off the mortgage
3) invest in an area that I know well (apartment complex)
4) Donate some to an honest charity (Doctors without border?)
5) Trust fund for kids (if I am so darn wealthy I probably don't want to spoil my kids, and give them all of my wealth at once)
6) Stop working and do charity work (like teaching in a local school)
7) Buy everyone on BITOG a gallon of his/her favorite oil.
Originally Posted By: Gary Allan
Originally Posted By: leftlane
I'd invest it then help people and travel the world off the interest.
(beg pardon - just stray random associations here -
)
From Groundhog Day
Phil: I'll have a sweet vermuth on the rocks with a twist
Bartender: And for you miss?
Rita: The same...thats my favorite drink!
Phil: Mine too...it always makes me think of Rome when the sunset hits the buildings.
Rita: What should we drink to?
Phil: to the Groundhog!!
Rita: hmmm...i always drink to world peace.
Next time around
Phil: Yeah I'll have a sweet vermouth on the rocks with a twist. Rita: I'll have the same, thats my favorite drink.
Phil: Mine too, it reminds me of Rome...in the evening when the sun lights the buildings.
Rita: What should we drink to?
Phil: I always drink to world peace.
Rita: World peace...
I think most of us that have had somewhat humble origins or experiences would be rather generous with any substantial windfalls that happened to fall into our laps. OTOH, you may actually get enough navigation room to realize what your missing out one that is now just out of your reach.
That was a good movie. Funny stuff.
Originally Posted By: leftlane
I'd invest it then help people and travel the world off the interest.
(beg pardon - just stray random associations here -
From Groundhog Day
Phil: I'll have a sweet vermuth on the rocks with a twist
Bartender: And for you miss?
Rita: The same...thats my favorite drink!
Phil: Mine too...it always makes me think of Rome when the sunset hits the buildings.
Rita: What should we drink to?
Phil: to the Groundhog!!
Rita: hmmm...i always drink to world peace.
Next time around
Phil: Yeah I'll have a sweet vermouth on the rocks with a twist. Rita: I'll have the same, thats my favorite drink.
Phil: Mine too, it reminds me of Rome...in the evening when the sun lights the buildings.
Rita: What should we drink to?
Phil: I always drink to world peace.
Rita: World peace...
I think most of us that have had somewhat humble origins or experiences would be rather generous with any substantial windfalls that happened to fall into our laps. OTOH, you may actually get enough navigation room to realize what your missing out one that is now just out of your reach.
That was a good movie. Funny stuff.
Originally Posted By: PandaBear
[SNIP]
2) Pay off the mortgage
[/SNIP]
That is exactly what I did this week!
Last month I decided to take a somewhat in-depth look at my financial situation and realized I was in fact within striking distance of being able to pay off my mortgage. So I did.
The current feeling I have is almost like I am returning from exile or just released from captivity.
And I sure am looking at my house differently now since I'm not paying on a mortgage (why don't they call it "Rent to own from a financial institution"?????).
What a feeling!!!!!
[SNIP]
2) Pay off the mortgage
[/SNIP]
That is exactly what I did this week!
Last month I decided to take a somewhat in-depth look at my financial situation and realized I was in fact within striking distance of being able to pay off my mortgage. So I did.
The current feeling I have is almost like I am returning from exile or just released from captivity.
And I sure am looking at my house differently now since I'm not paying on a mortgage (why don't they call it "Rent to own from a financial institution"?????).
What a feeling!!!!!
Thank you, Shannow, and congratulations on having yours paid off as well.
As for stashing $$$ away, I have been considering exactly what you mention. I will probably invest further in my Section 457 plan (similar to a traditional IRA but for public-sector employees) and a Roth IRA as well. And of course recharging my savings to some degree (though I didn't draw down so far as to upset my comfort level).
I just realized this morning that I have my accounts set up in three different levels of access: easy (checking), moderately difficult (credit union account with the nearest branch 80 miles from where I live), and very, very difficult (the 457 account). I can look back now and see that doing this has worked quite well indeed for me...
Now the big challenge: I must force myself to MAINTAIN FINANCIAL DISCIPLINE...
As for stashing $$$ away, I have been considering exactly what you mention. I will probably invest further in my Section 457 plan (similar to a traditional IRA but for public-sector employees) and a Roth IRA as well. And of course recharging my savings to some degree (though I didn't draw down so far as to upset my comfort level).
I just realized this morning that I have my accounts set up in three different levels of access: easy (checking), moderately difficult (credit union account with the nearest branch 80 miles from where I live), and very, very difficult (the 457 account). I can look back now and see that doing this has worked quite well indeed for me...
Now the big challenge: I must force myself to MAINTAIN FINANCIAL DISCIPLINE...
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