What would you do if you inherited $100,000?

[cyberdude558]

And I dont know if I trust the stock market right now. Risky as all hell with this debt crisis on the horizon.

[JavaRay]

Life is short and meant to enjoy to the fullest.    Fly to Thailand and spend the next 2 years of your life doing little more than shagging and partying.   Then when the money is gone, go back to the US and get a job.

[cyberdude558]

Then when the money is gone, go back to the US and get a job.

There are jobs in the U.S?

[spartan]

Pay off the mortgage. Funny how the world works. There is a very strong probability I am about to go through this dilemma!

[Morgan]

Life is short and meant to enjoy to the fullest.   

Probably what got a lot of Americans in the predicament they're in today. People living beyond their means - not caring about their long term financial needs.

[cyberdude558]

Life is short and meant to enjoy to the fullest.   

Probably what got a lot of Americans in the predicament they're in today. People living beyond their means - not caring about their long term financial needs.

Um...not really. What got us in this mess is the government living beyond its means.

[Morgan]

Easy to blame the gov't for being irresponsible w/ personal finance issues.

[Biggs3535]

Easy to blame the gov't for being irresponsible w/ personal finance issues.

Try and keep up, slugger:

http://usdebtclock.org/

[Morgan]

whatever, idiot.

[Biggs3535]

whatever, idiot.

Sweet comeback.

[Morgan]

Life is short and meant to enjoy to the fullest.   

Probably what got a lot of Americans in the predicament they're in today. People living beyond their means - not caring about their long term financial needs.

Um...not really. What got us in this mess is the government living beyond its means.

I forget whether you're of the rightwing nutjob persuasion, but it always amazes me how rightwingers preach how individuals should be responsible for their success/failures and not rely on the nanny-state gov't. But they don't hesitate to blame the same gov't when times get a little tough economically in their households.

The problem w/ our gen Xers is that they can't wait to have some of the luxuries in life - they have to have the same standard of living of their parents who worked all their lives to obtain that standard (homes, cars, travel, etc).  X'ers and even Boomers live hand to mouth, beyond their means while buying stuff when they really shouldn't have.

As the great Rev Wright once said......the chickens have come home to roost
      

[John Galt?]

$100k after taxes?

I'd invest it into my own biz. I think I can turn $100k into about $5k/month for 36-60 months. Then the trick is to use a good part of that $5k/month into acquiring more biz so it leads to another $5k for another 60 months

[Morgan]

what type of business would you expect to excel in miserable/depressed economic times like we have today - what are the success rates nowadays for small businesses...curious what the OP has decided to do now that we've all chimed in w/ our comments.....too bad he didn't opt for mutual funds as the DOW is making a comeback from its modest correction over the last month.

[cyberdude558]

what type of business would you expect to excel in miserable/depressed economic times like we have today - what are the success rates nowadays for small businesses...curious what the OP has decided to do now that we've all chimed in w/ our comments.....too bad he didn't opt for mutual funds as the DOW is making a comeback from its modest correction over the last month.

There really isnt any safe place for as long as the federal government is posting trillion-dollar deficits. Your money is losing value everytime the government prints more money. And if the US loses its AAA credit rating, it would be shockwave to the global economy.

[bradentonian]

what type of business would you expect to excel in miserable/depressed economic times like we have today - what are the success rates nowadays for small businesses...curious what the OP has decided to do now that we've all chimed in w/ our comments.....too bad he didn't opt for mutual funds as the DOW is making a comeback from its modest correction over the last month.

Pawn shops and payday loan companies