$8,000 in a few days

[Rÿcher]

what should I do with it?

we have ideas like buy some furniture and I'm buying my friend/upstairs neighbor an LCD TV because he's our pro-bono handyman/helper I'd also like to get some indulgence items like a nice watch and some model kits and a nice desk with which to work on the models on. I'm also going to be setting aside about $1,500 for Olivia's college fund.

Any other sage suggestions?

 

[Colonel Green]

Two chicks.

 

[auntiehill]

What about a little home repair? Any improvements you make will add to the value of your home, should you ever have to sell.

 

[T'Baio]

Gee, what recession.

SAVE IT!

Or, no, forget it...be a consumer. Take advice on what to buy from a bunch of people on an internet board. That's buying something you really need.

 

[Trekker4747]

what should I do with it?

we have ideas like buy some furniture and I'm buying my friend/upstairs neighbor an LCD TV because he's our pro-bono handyman/helper I'd also like to get some indulgence items like a nice watch and some model kits and a nice desk with which to work on the models on. I'm also going to be setting aside about $1,500 for Olivia's college fund.

Any other sage suggestions?

Yes, you can take the windfall and buy some crazy stuff, gifts for other people or you can SAVE IT. Put it in a CD, or do something with it that'll be USEFUL.

 

[Rÿcher]

Gee, what recession.

SAVE IT!

Or, no, forget it...be a consumer. Take advice on what to buy from a bunch of people on an internet board. That's buying something you really need.

psst, that's why I'm asking for advice. I'm not asking for a shopping list.

The money is from my mother becoming injured on the job, sued the company and was rewarded oodles of money in installments and then died 10 years later. This will be the final payment.

 

[Mallory]

Bank it.

 

[Finn]

Save it.8000 dollars is not that much.

 

[Captain Ice]

Make a dent in your credit cards/consumer debt/mortgage.

 

[JNG]

Two chicks.

I knew a guy who decided to kill himself. He wanted to make his last night special, so he went to Vegas and ran his credit card to the limit on a high-end prostitute. She was there less than an hour and a half and the tab was just short of five thousand dollars. However, the experience was such that it changed his perspective--he decided he wanted to live after all, even for the minute chance that he'd ever enjoy something that much again.

True story.

But the eight Gs are best put into something secure in today's troubled economy...go in on real estate with someone, change it into precious metals, firearms and/or ammunition, something like that.

 

[Azlynn]

Save it or pay down debt. You have a kid, you never know when music lessons, buying a pony, getting braces, or more will come up. Or worst case scenario, something happens to you and your spouse is trying to raise her as a single parent.

Do a nice dinner or something that you both can enjoy, and then save.

 

[The Squire of Gothos]

Two chicks.

Hmmm, two $4000 an hour hookers, or eight $1000 an hour hookers.

Decisions, decisions...

 

[Trekker4747]

"What would you do with a million dollars?"
"Hmmm... Two chicks at the same time."
"You need a million dollars to do that?"
"To get the kind of chicks that'd double up on a guy like me, yeah. How about you?"
"You mean besides two chicks at the same time?"
"Well, yeah."
"... Nothing."
"Nothing."
"Yeah, I would do nothing. I would lay around, watch TV, I would do... nothing."
"You don't need a million dollars to do nothing. Look at my brother. He's broke as hell and he doesn't do shit."

 

[Squiggy]

Two chicks.

At the same time?

 

[Scout101]

this thread makes no sense. You've talked about two obvious ways to go in other threads: you've got a daugher, who would probably like to go to college one day, so saving there makes sense. You also talked about your incredibly shitty apartment, and indicated that you couldn't really pay to move into somthing nicer.

Aren't those obvious choices for the money, rather than blowing it on a TV, nice watches, and other crap?

 

[DBR]

The safest way to double your money is to fold it over once and hand it to DBR.

 

[jamestyler]

I'd go with the save it vote. But... I'd still be tempted to get a luxury item or two. Nothing too expensive... if it were me a few DVD's would do and I'd stash some way for my daughter.

 

[Trekker4747]

I could "rationalize" a personal luxury item. A new TV, part of a down-payment on a new car, etc.

But no less than 50% of that money should go into an interest-baring savings account or a CD.

 

[Rÿcher]

this thread makes no sense. You've talked about two obvious ways to go in other threads: you've got a daugher, who would probably like to go to college one day, so saving there makes sense. You also talked about your incredibly shitty apartment, and indicated that you couldn't really pay to move into somthing nicer.

Aren't those obvious choices for the money, rather than blowing it on a TV, nice watches, and other crap?

glad someone's paying attention.

so you'd rather I go around not not knowing what time it is? And it's a nice watch, not plural.

I'll be paid back in installments for the TV.

We need the car fixed. It hasn't been tuned up since she's owned it (since '03). it needs new belts, new tires, new brakes, the power steering looked at, the passenger's side door lock replaced...

And I think we (my wife and I are entitled to a couple of indulgence items not to mention a couple of things that would make life easier around the home like a vacuum cleaner that actually cleans, a blu-ray player, some clothes...

Oh and a summer tutor for Olivia.

 

[LaxScrutiny]

Put it into a term deposit, save up a bit more, with $8000 you are close to a down payment on a small condo. Within a year or two you should be able to get permanently out of your shitty rental apartment.

If by that time you change your mind, the LCD tv, watch, hooker, etc will still be there.