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+--- Thread: What's the best thing to do with $250,000? (/thread-5846.html)
What's the best thing to do with $250,000? - cracky - 2010-06-17
Come to Vegas and blow a few thousand, I can show you around.
On a more serious note: If you've ever wanted to open a business, like others have said, now is the time. Yeah I'd invest like everybody else said but I'd invest in whatever I was passionate about.
The house idea is a good one too though.
What's the best thing to do with $250,000? - Jarvik7 - 2010-06-17
I'm surprised that no one mentioned this yet, but clearly the best thing to do with $250,000 is to give it to me. I'll take good care of it for you.
What's the best thing to do with $250,000? - Raschaverak - 2010-06-17
Jarvik7 Wrote:I'm surprised that no one mentioned this yet, but clearly the best thing to do with $250,000 is to give it to me. I'll take good care of it for you.If I was the guy holding that kind of money I'd be inclined to give it to you, as long as you promise to give back let's say 500.000 in 2 years....
What's the best thing to do with $250,000? - Eikyu - 2010-06-17
I'm surprised that no one mentioned this yet, but clearly the best thing to do with $250,000 is to give it to charity.
What's the best thing to do with $250,000? - unauthorized - 2010-06-17
Eikyu Wrote:I'm surprised that no one mentioned this yet, but clearly the best thing to do with $250,000 is to give it to charity.Sure, as long as it's just a promise. You know how legal documents can ruin a good friendship.
What's the best thing to do with $250,000? - shadysaint - 2010-06-17
The best thing you could do for society and yourself is get the best possible education. That will probably require all of the money, but if there is any left over, do something charitable with it.
What's the best thing to do with $250,000? - danieldesu - 2010-06-17
I've got a similar question. What's the best thing to do with $150,000 of debt? Can I give it to charity?
What's the best thing to do with $250,000? - thurd - 2010-06-17
danieldesu Wrote:I've got a similar question. What's the best thing to do with $150,000 of debt? Can I give it to charity?切腹
What's the best thing to do with $250,000? - Raschaverak - 2010-06-17
danieldesu Wrote:I've got a similar question. What's the best thing to do with $150,000 of debt? Can I give it to charity?Talk with the opener of the thread. Make an arrangement so that his 250.000 will be used to balance your 150.000 debt. 50% of the rest goes to Fabrice, and the other 50% will be equally allotted among the forum members according to the post ratio they have (=>post ratio: (total posts of the member / total posts on the forum) * 100) this value (X) will be modified by the kanji ratio of the member (Y), that is the amount of mature kanji cards in his / her deck compared to all the kanji (3007).
The final value will be: X*Y=Z
Z determines how much will be a member getting from the rest of the money...
We'll ask Katsuo to make a spreadsheet for the corresponding bank accounts
Who's in?
What's the best thing to do with $250,000? - aphasiac - 2010-06-17
shadysaint Wrote:The best thing you could do for society and yourself is get the best possible education. That will probably require all of the money, but if there is any left over, do something charitable with it.There's no way any educational program in the world could cost that much...surely?
What's the best thing to do with $250,000? - brianobush - 2010-06-17
250k is not alot of money. I would invest it using the coffee house investing strategy, put a large portion in bonds (junk is good now) and have that pad your current living expenses. Good spread: 5% cash, 35% bonds, 12% each in (s&p 500, international, REITs, small caps, emerging markets).
more here:
http://kd7yhr.org/bushbo/coffeehouse_investing.md
What's the best thing to do with $250,000? - Offshore - 2010-06-17
aphasiac Wrote:The college I first went to after high school was around $45,000/year; I was enrolled in a 5 year program. While it's one of the top schools in the country, it wasn't Harvard or Yale or something REALLY good like that. So, if you add on various living expenses and all that other "stuff" that costs money during school, I'd say yeah, $250,000 isn't all that far off from what you'd pay for a top-of-the-line (best) education for 4+ years in this country. This is all assuming you don't have any grants/scholarships/free money aid of any kind.shadysaint Wrote:The best thing you could do for society and yourself is get the best possible education. That will probably require all of the money, but if there is any left over, do something charitable with it.There's no way any educational program in the world could cost that much...surely?
Sad, but true.
What's the best thing to do with $250,000? - Rekkusu - 2010-06-17
Ah the miracle of unsubsidized education...
Good luck trying to spend that on education in The Netherlands.. Pretty sure you'll die before able to spend such amounts of money on study
What's the best thing to do with $250,000? - ahibba - 2010-06-17
IceCream Wrote:did you win a bunch of money?No, I inherited it.
Quote:another option would be to invent something, or start a business, if it sounds like something that would interest you...I'm looking for the best ways to invest this money. But it should be a safe way.
bluemarigolds Wrote:Invest for retirement then carry-on as usual.
Boring, I know, but retiring at 40 would be sweet.
gibosi Wrote:speaking as someone who is over 60 and close to retirement, I would suggest that you invest this money and forget it. (I am assuming you are in your 20's and that you are currently working and supporting yourself.) Continue to live on what you can earn and in 40 years or so, you should have a very nice nest egg.With all these traffic accidents and terrorist attacks around the world, what are the guarantees that I will live until I'm 60 or even 40?!
aphasiac Wrote:Personally I'd spend some on a year in Japan, learning the language, having fun, going a bit nuts. Then backpack round asia.
aphasiac Wrote:....Personally I'd rather spend my life happy and working in a job/career that I really love, rather than have some money waiting for me when I'm 60. But maybe that's just me being idealistic..I understand you, but I can do all these things without the 250K.
Thora Wrote:This reminds me of a show I watched where they checked in on big lottery winners (millions of $) years later to see how it had affected their lives. Sadly, an astonishingly high percentage of them had blown ALL the money on extravagant lifestyles and made a mess of their personal lives. I felt a bit guilty about finding their choices and predicament so fascinating. Just more evidence of our complicated relationship with money, I suppose.That's why I think that people who don't have money, don't know how in invest in it. But the problem is that when you get the money all of sudden, it becomes more perplexing.
Thora Wrote:Ahibba, iirc $250K is the current price of Canadian citizenship. If that interests you, then I'd be happy to marry you and you can just give me the money instead. ;-)Thank you, but the cost of the Japanese one is less
Nukemarine Wrote:Buy a house, simple as that. It's the single most common large investment people make and most don't regret it. It then opens the way to rent it out while you mortgage a new home in a few years.I already have my house, but I will consider your tip.
Here's a better tip: Research what happens to lotto winners of 500k to 3 million dollars. Find out which people kept their money and built upon it, then emulate what they did. Find out which people lost their cash and what they did, then try to avoid doing that.
250 grand is not that much in the long run. For a family of four in California, it's just four years of pay below the poverty line. It's very easy to spend it all if you don't tie it up in some investment.
kainzero Wrote:I also wouldn't tell anybody. People turn into monsters because of moneyI agree with you. Thank God no on here knows me personally.
usis35 Wrote:I need more info to give a good advice- age = 25
- are you studying? working? = until recently, I was パラサイトシングル
My study and work are just like hobbies, not something essential for survival.
chacham Wrote:The 1st thing to do...Thank you chamcham. Very good advices, and they're more than enough.
The 2nd thing to do...
The 3rd thing to do...
The 4th thing to do...
The 5th thing to do...
The 6th thing to do...
If I think of anyone else, I will add more to this post.
What's the best thing to do with $250,000? - sikieiki - 2010-06-17
Go live in china and spend the rest of your life not working and enjoying doing whatever you want.
Money goes a long way there, and its not a bad place.
What's the best thing to do with $250,000? - bodhisamaya - 2010-06-17
Eikyu Wrote:I'm surprised that no one mentioned this yet, but clearly the best thing to do with $250,000 is to give it to charity.Invest in a 401K~arma?
I would volunteer somewhere, probably India, the rest of my life using that money for basic living expenses, and create a will that stated what ever is left over will be donated to the charity I was volunteering for.
What's the best thing to do with $250,000? - Eikyu - 2010-06-17
danieldesu Wrote:I've got a similar question. What's the best thing to do with $150,000 of debt? Can I give it to charity?Try giving it to the creation museum. They just might accept...
Thora Wrote:This reminds me of a show I watched where they checked in on big lottery winners (millions of $) years later to see how it had affected their lives. Sadly, an astonishingly high percentage of them had blown ALL the money on extravagant lifestyles and made a mess of their personal lives. I felt a bit guilty about finding their choices and predicament so fascinating. Just more evidence of our complicated relationship with money, I suppose.I don't know how accurate this is, since it's the Daily Mail but, here's the potentially most mind-blowing lottery winner ever:
http://www.dailymail.co.uk/news/article-1282618/Bin-chavs-Lotto-lout-Michael-Carroll-set-return-old-job-blowing-9-7m-win.html
What's the best thing to do with $250,000? - chamcham - 2010-06-17
Thousands of prostitutes.......I wonder how many STDs this guy must have........
What's the best thing to do with $250,000? - cb4960 - 2010-06-17
Put it all on red.
What's the best thing to do with $250,000? - shadysaint - 2010-06-18
Quote:I'm looking for the best ways to invest this money. But it should be a safe way.Maybe you have a college degree already, maybe not. I'm going to expound my opinion again for the benefit of others and because any intelligent human, with a little consideration, would have to find it irrefutable: A good education is the best and safest investment anyone could ever conceive of.
What's the best thing to do with $250,000? - Hologen - 2010-06-18
This thread is officially depressing now. Two years older than me wondering what to do with $250,000. I don't even have TWO thousand dollars...
What's the best thing to do with $250,000? - bodhisamaya - 2010-06-18
If you invest in something safe so that will be there for you 40 years later, and you never live that 40 years, did you ever have that money to begin with? Gambling on your own lifespan is more risky than Vegas. There are no safe investments.
What's the best thing to do with $250,000? - pm215 - 2010-06-18
ahibba Wrote:I'm looking for the best ways to invest this money. But it should be a safe way.I think $250K to invest is a large enough sum that you should consider getting professional financial advice (of the "pay for their time" kind, not the "free and the guy is on commission" kind). Don't invest it all in the same thing, consider how long you're investing for (there's probably a chunk you don't want for 20 years, for instance), and find out what the local rules are about how much of your money you get back if the bank you're keeping it in goes bust...
What's the best thing to do with $250,000? - kanji55 - 2010-06-18
Forget the stocks, you may as well go to Vegas if you go that root.
The best thing to do is what shadysaint mentioned .. invest in yourself! Go to university, study hard, don't worry about the living expenses... just concentrate on your higher education studies.
PS. I am sorry for your loss as well, despite the boon of cash, losing relatives is never easy.
What's the best thing to do with $250,000? - Gwindarr - 2010-06-18
You could move to Chiang Mai, Thailand and live a really nice life for the next 10-20 years depending on how you budgeted yourself. You would still be able to study, travel and do whatever else it is you do.