I got a lil fortune? What should I do with it?

[affeman]

I got around 100k on my savings account now (just savings from income over the past few years; not inherited or smth like that). Not quite sure what to do with it?

I don't give a fuck about a Ferrari or Lambo, if I crave a car like that I rent one over the weekend, but get bored with it anyway after 2 days so why buy one. My appartment is paid off.

It's a stupid sum. It's enough to pay for any short-term shit u want (High end TV set, holidays,....), but too less to play with the big boys and go into real estate big time or stuff like that.

Give me some inspirations, how can I make more out of it?

[_aj_]

Prepare for the worst. Buy ammo, silver/gold (physical only), and long-term storage food.

[Psychopath]

Buy rental property.

[anabolichalo]

Buy rental property.

with 100k?


 

[BigCyp]

What's stopping you from putting 3 downpayments of 20k on 3 small apartments, on a 'buy to rent mortgage' -  spending 10k on each to bring them up to high rentable standard, and rent out to professionals only for like $800 a month.

That's over $25,000 a year return.

Granted you have the hassle of being a landlord, and maintenance costs etc (minimal though if you fix the majors up front) but where else you getting 25% interest?

[affeman]

Buy rental property.

100k is too less to buy rental property. And I don't wanna spend it all at once and lose my short-term liquidity.

[Psychopath]

with 100k?


 

That's more than enough for a down payment. Then you use the rental to pay it self off.

You guys are fucking armatures.

[anabolichalo]

That's more than enough for a down payment. Then you use the rental to pay it self off.

You guys are fucking armatures.

ha yeah i realized that after i hit submit button


sure this is a good idea


even, a great idea

[Psychopath]

100k is too less to buy rental property. And I don't wanna spend it all at once and lose my short-term liquidity.

So what then, you're going to lock it in the bank for less than %5 return?

Or gamble invest in the stock market like a fucking chump.

[BigCyp]

100k is too less to buy rental property. And I don't wanna spend it all at once and lose my short-term liquidity.

Read my above post.

Buy 2 instead of 3, keep $30k cash for short term spends.

[affeman]

That's more than enough for a down payment. Then you use the rental to pay it self off.

You guys are fucking armatures.

And if you're not able to rent them immedeately then you're standing there for half a year or more with the credit payments but without the rent income.

I've experience with being a landlord as well, it's a f*ing pain in the ass all the time.

[Red Hook]

I got around 100k on my savings account now (just savings from income over the past few years; not inherited or smth like that). Not quite sure what to do with it?

I don't give a fuck about a Ferrari or Lambo, if I crave a car like that I rent one over the weekend, but get bored with it anyway after 2 days so why buy one. My appartment is paid off.

It's a stupid sum. It's enough to pay for any short-term shit u want (High end TV set, holidays,....), but too less to play with the big boys and go into real estate big time or stuff like that.

Give me some inspirations, how can I make more out of it?

buy some spider/index funds or anything that beats the rate of inflation
pay off all debt
look into buying undeveloped in a foreign country
Vegas...let it all ride on black at the roulette table

[calfzilla]

Pay off debt. If you're debt free buy a rental property of invest in mutual funds. Don't just leave it in the bank earning shit interest.

[BigCyp]

And if you're not able to rent them immedeately then you're standing there for half a year or more with the credit payments but without the rent income.

 

Research the market, speak to a letting agent, only buy what they can guarantee to let out for you pretty much instantly.

Some letting agents will also give you a years rent upfront, at a discounted rate i.e. $720 for an $800 a month apartment. Even if it doesn't let, or tenants refuse to pay one months rent, they incur the risk not you.

[CalvinH]

Cheap booze,cheap women.

[no one]

thread recap:

-guy creates thread asking for advise

-gets great advise

-makes excuses for not wanting to follow advise

-will continue in same path

am i missing anything? sound about right? happens in every thread someone makes about 'needing advise'.

next time dude just start a thread saying 'i have $100000 in savings', or say 'i just wanted to post my pic' instead of saying 'i need diet/ training advise'  and save everyone the time and hassle dealing with your bullshit question.

[CalvinH]

thread recap:

-guy creates thread asking for advise

-gets great advise

-makes excuses for not wanting to follow advise

-will continue in same path

am i missing anything? sound about right? happens in every thread someone makes about 'needing advise'.

next time dude just start a thread saying 'i have $100000 in savings', or say 'i just wanted to post my pic' instead of saying 'i need diet/ training advise'  and save everyone the time and hassle dealing with your bullshit question.

Sounds like a dji'llneverweight181 thread.

[BigCyp]

thread recap:

-guy creates thread asking for advise

-gets great advise

-makes excuses for not wanting to follow advise

-will continue in same path

am i missing anything? sound about right? happens in every thread someone makes about 'needing advise'.

next time dude just start a thread saying 'i have $100000 in savings', or say 'i just wanted to post my pic' instead of saying 'i need diet/ training advise'  and save everyone the time and hassle dealing with your bullshit question.

Hahaha, good point.

[Tito24]

buy your mom free from a life of slavery

[El Diablo Blanco]

Buy 10 kilos of coke, cut it with 25% cornstarch, sell it on the street and turn it into a million.

Please refer to the movie Scarface for answers to questions you may have.

[XFACTOR]

thread recap:

-guy creates thread asking for advise

-gets great advise

-makes excuses for not wanting to follow advise

-will continue in same path

am i missing anything? sound about right? happens in every thread someone makes about 'needing advise'.

next time dude just start a thread saying 'i have $100000 in savings', or say 'i just wanted to post my pic' instead of saying 'i need diet/ training advise'  and save everyone the time and hassle dealing with your bullshit question.

These guys and their lies.....   You know I need to to do something with that 100k in the bank. Makes complete sense to ask a bunch of guys that are into bodybuilding, that I have never seen or met, what I should do with it.

[bigmc]

These guys and their lies.....   You know I need to to do something with that 100k in the bank. Makes complete sense to ask a bunch of guys that are into bodybuilding, that I have never seen or met, what I should do with it.

are you saying that get big hasnt got as many millionaires as it claims it has x

[XFACTOR]

are you saying that get big hasnt got as many millionaires as it claims it has x

What I'm saying is there are two options here. Either this guy is a total moron or is making up a story. Either way he's at a loss.

Guys coming on here asking for dating advice and fianacial advice weird me out.

[Tito24]

[BigCyp]

Tito rescuing this thread just like schindler rescued the jews