rtfm
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Put as much as possible into a retirement account! Your future self will thank you for being so sensible.
After that -- maybe further your education somehow, to get a better job?
Don't forget to donate *some* of it to a worthwhile charity. Karma, you know.
Buy a few presents for friends, but don't get crazy and get them showy, expensive things. They're already your friends. You don't need to bribe them.
Do *NOT* let yourself splurge on foolish expenditures. You'll hate yourself later. Maybe set aside $500 or $1000 to blow on just "fun" stuff, and then be sensible with the rest. |
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are you cereal?
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Put at least $10,000 in an S&P 500 and let it age like wine. |
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Majority
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Get the hell out of this country while you still can.
Seriously. I would suggest Denmark, Amsterdam, or Norway. |
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Mummy to Dillon Blake
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Just be careful who you tell, as you may suddenly have more friends and family coming out of the woodwork than before. |
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kevinsnickle
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INVEST !!!!! |
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Numb
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Pay off all your debt 1st, then invest the rest. |
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denimcap
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1.5% 70,000 is 10,500. I'd use the interest to supplement my income, not touching the principal. Open two bank accounts, and start saving what interest you don't spend. |
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"tiredishit"
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get new car. or if you into gaming than i would get a PS3 XBox 360 elite, and any other new game system coming out. i mean with that much freaking money i wont really be much out of the $70,000. like water off a ducks back. you should also get anything that you been wanting to get, if i had that money i would get a boat (love fishing) and the games and stuff i mentioned. financially sound
u could also put some aside for time of need.
donations are also good.
i would pay off any debt and bills etc. kinda get a little more financially sound if you no what i mean
you lucky son of a gun! :] |
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Mary S
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Considering the economy's not doing well, I'd save it and pay off your debts. But, I know I would like to spend some too :) Set aside a certain amount to spend as you wish, but save most of it. Remember, don't touch the rest of it once you've spent the amount you decided on! |
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kattoo13
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pay off your debts, give some to your family and maybe a favorite charity, and then invest the rest or put it into savings. |
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♥Ne$$en♥ ©
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use it wisely |
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Lyn K
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Don't blow off all your money...most people make the mistake of using it all on things they don't need...first pay off things that NEED to be payed off...then do what u WANT and enjoy ur money more. |
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zabba
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Apply the rule of thirds to your windfall, 1/3 to long term investment, 1/3 to your bank acct, 1/3 for play money. Cars are really bad purchases, unless you really need one. |
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AntG
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Blow about 2500 to 2k. Start looking to invest in something that will keep you paid. Maybe call a financial adviser |
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Dr. Green
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Invest 30 percent in share market, 50 percent in real state, keep 10 percent in bonds and keep 10 percent in cash. your lifestyle should be based on that 10 percent cash and keep another account for saving the money that you earn from other 90 percent. (I forgot to mention that u can do it if u have HUGE money,70K is not enough for my expensive idea!).....if you wanna do something with $70000,then give the whole money to someone who worths it..... |
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JeffyB
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IT is tempting to spend it, but don't. If you play your cards right, this could give you a big financial boost in life. Here's what you do:
1. Go to your nearest Charles Schwab office and open up an investment account. They'll help you through the whole process, and they have the best customer service in the business. Put at least $50,000 into that.
2. Go take a nice vacation, or something similar, but don't blow all the rest right away.
3. Pay off any credit card debts you have.
Do this, and you will thank me when you're 40.
Good luck |
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Nice girl
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the rule is 50% 25% 25%
you pick Savings, fun, and bills.
Pick which one should get 50%. What is important to you? If your writing i think it becuase you are bit worried about spending it all. If that is the case 50% to savings. (at least a money market, max out your 401ks and your Roth.)
You will always need money. Something tokeep in mind. |
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KILROY
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Pay off your debts and invest the rest in something with a stable growth rate. |
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NONAME
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eco your house. Solar panels, small scale wind turbines, inline water heaters, extra insulation, pipe insulation, etc...
The initial investment will be about 20k. But your house will jump in value about 50k and your electic company will start paying you for the extra electricy you produce. |
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vixxen
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Well, pay off debt, get your teeth in order, (seriously our teeth are expensive to maintain) and stash the rest... You are now at an advantage and splurging will not be in your best interest. When you think about it, in this day and age that is not alot of money because you can be broke in no time. Stash it, pay your bills and when you are ready to, invest it and save for a downpayment on a reasonably priced house... You are in a great place right now. HOld on to the cash, and dont make ANY loans to anyone. You will be surprised who crawls out of th woodwork. Congratulations, i am so hating right now!! LOL! |
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che che
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Put some in the bank, in a high intrest bank account. Also get about 300$ in denominations of 20 and put them in random places around your house, in your car, and in your wallet for emergency use, try to forget you ever put them somewhere. With the rest I am telling you do hold onto it as long as possible, most recently our American dollar is at a all time low so I suggest holding off. But if you are desperate to spend it get a new car or something, but do not forget charities if you like doing that kind of thing. |
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Greg S
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Stick it in a high interest bearing savings account until tax season rolls around. After you see how much you need to pay out, put $5,000 into a Roth IRA, invest $50,000 in a well-diversified portfolio at a brokerage you trust and keep the remainder in a money market account as an emergency fund. |
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Charles S
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First off By the book ( A NEW EARTH)
I make alot of Money for my small investment
you should do the same that goes for everyone who reads this I say if you wantted to you could splurge about 97% of that and still have enough to invest in this.
make over 100,000 a year for your small investment
NEVER RUN OUT OF CASH AGAIN http://www.easymoneyforyears.com
DO EXACTLY AS I SAY. THIS IS YOUR FIRST TEST.DON'T
BLOW IT!...HERE WE GO...
STEP 1: http://www.easymoneyforyears.com
STEP 2: Listen to the 34 min call on second page
STEP 3: Wash. Rinse and repeat until you see exactly just
how TOO DAMN EASY this really is |
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Finsha
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I'd say pay off your debt and go to a financial adviser for what to do with the rest. They can tell you all your options. Good luck and congratulations on winning. |
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Nah F
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I recently came into 115k. I was living in a 1500 a month apartment. I have good credit. I found a really great triplex and I bought it. I have two tenants that cover my total mortgage and then some. I only have to pay a portion of the 6,000 dollar property tax. That's a high tax because I'm in a mixed business/residential zone. I have a huge basement that's dry with somewhat high ceilings. I'm having plans made up to convert it into a fourth apartment.
So even though I came into some money I have made my living space smaller but that's okay. My stuff is stored in the basement and even after finishing it there will be storage room. I still have my initial investment of 97k in equity but I no longer have rent expense. The value of this home is 350k and adding the extra apartment will only increase it's value. Even though I have to pay a mortgage with my rental income, that is money in my pocket when I sell or refinance in five to ten years. It's a great time to buy property if you have a 20% down. My interest is 6% It's a buyers market. There was no competition to get this great place that only needed paint. The owners walked away with 220 after paying their debt off on their loan so we were all really happy people and we all felt great walking away from the deal. I feel like a winner every day because of my investment and my new lifestyle. |
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Angel
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keep it sfe for your future need or invest it |
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Angie
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BUY A HOUSE |
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♥₵áºá¹â‚¥â‚¬â„“ᾆ♥
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Buy a house or condo. If you own your home now u can rent that out and get some extra money every month. |
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soccerdstroyr
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Some great answers already...
1) Do pay off any debt you have first and for most!
2) Quit smoking
3) High interest savings or money market account for the rest.
4) Enjoy the interest and spend only that.
5) Did I mention quitting the cigars? |
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grayddin
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Invest in Euros. |
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dnbltn
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Invest it in foriegn stock |
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