You get 50k dollars tax free no catch what do you plan to do with it?
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Invest it. I don’t need stuff so I wouldn’t go on a shopping spree. I’d rather have it later and take some vacations with family.
This thread is depressing.
Pay off immediate debt. The rest in the high yield or whatever has the best over like 5 or so years. Not tell an app my exact needs with that money.
I am debt-free; I save it for when I need to replace my GPU.
I’d buy two sticks of RAM. I know I’ll have to use some of my own money but I think it’ll be worth it.
Pay off mortgage, not glamorous but it works.
wow even 50k is not a glamorous amount ? Or you mean to just use it on a mortgage ( surprisingly most people here pick that)
Not if you have a mortgage over 200 to 500 thousand Dollars because you bought a house on credit (which is how most people buy a house because that really is an amount, even the well-earning middle class needs decades to accumulate).
It’s nice, but not life-changing.It makes a dent, that’s easily more than 2500 a year in interests.
Nothing for a few years. Maybe buy a GA.
Straight into the investment account. It’s not nothing but I’m not strapped for cash, and 50K USD alone can’t do much where I live…
Pay off some debts and the remaining 20k I’d put half stored up for covering running costs for a year or two, lessening our household stress for a bit and help us save up or just live a bit more, and another half I’d invest in homelab and some infra I’ve been holding off on due to lack of funds, hoping it might start paying dividends on my side projects / gigs eventually and pay itself back with more besides. So it wouldn’t give much, but it’d be big mental health boon for a few years
Pay off a chunk of debt.
Pay off my house (or most of it depending on what the exchange rate is doing)
Put it in the bank, I have everything I need and can afford and everything else is still far out of reach with 50k.
I would buy an RV and live rent free wherever i want to
Put it in the kids 529 account.
Vanguard ESGV is a decent investment. It’s like the S&P 500 but with less guns and war.
Thats a nice ETF. Expense ratio is pretty low and its performance YTD and 1Y are within about .5% of the S&P500 (with it beating the S&P500 YTD).
For others, if you’d received this magical $50k exactly 1 year ago and invested it in ESGV, you’d have about $60k today.
In addition you destroyed 12 acres of nature, reduced the income of 15 other humans by 5% and made a family in the southern hemisphere homeless 👍
How?
