What would you do with $200,000??

Question

Im going to iraq for 2 years and i plan on making 200K's. What would you do with the money?

Answer 1

WELL IF I GOT $200,000. THAT WOULD SECURE MY DREAM OF GOING TO NOTRE DAME UNIVERSITY.

Answer 2

I would;

Pay off my debts

Put  6 months expenses in a CD as an emergency fund.

Give to a favorite chrity.

Purchase a house with at least 20% down payment to avoid the mortgage insurance.

Invest the remainder in conservative broad based mutual funds (like an S&P 500 index fund) for retirement.  

Get on a budget to manage my monthly income.

Good luck and God bless!

Answer 3

realise its only worth £100,000 over here *crys*

but in all seriousness i would maybe treat myself to a nice car or  make a games room get an extension maybe w/e its your cash lol

Answer 4

Buy a house

Answer 5

I am going to invest it.

Answer 6

Why do you ask, are you going to give it to me?

My only debt is my house and the rate is 5% (less after taxes), so I would invest it.

If you want to give it to me, let me know and I'll send you an email.

Answer 7

Absolutely, hands down, no hesitation whatsoever!

SAVE every dime you can, have your wife turn some into CASH and put it somewhere safe

(deposit box or such) and be conservative as you can

for the next 3-4 years....this USA is in a financial wreck,

and while you are young, unless you are some kind of genius or the next Computer Guru,  an opportunity this HUGE

may not come your way again!



When you come back Stateside

(and thank you from me, and Blessings to you and may you return whole, wiser, and with all the parts you take over there, amen...)

...we will have a new President, and the

ECOMOMY always changes after a shift in office.

WE have no way of predicting how this will go NO matter WHO is elected, and you have GOT to look out after YOURself and YOUR family....you CANNOT depend on the Govt or Big Brother to do it for you.

Be smart.

Play the game like your future depends on it, for it does!

In the 1920's everyone, (lots were) footloose and fancy free, morals were shifting, and we were sprinting OUT Of the Victorian Age...EVERY and 'ANYTHING goes' was the attitude, drinking champagne from a lady's slipper, long cars, and elegant Gatsby style parties....then BAM!

Do you remember THIS from your history lessons??

"The Wall Street Crash of 1929, also known as the

Crash of ’29 or the Great Crash, was the most devastating stock market crash in the history of the United States,

taking into consideration the full scope and longevity of its fallout. Three phrases—Black Thursday, Black Monday,

and Black Tuesday—are used to describe this collapse of stock values. All three are appropriate, for the crash was not a one-day affair. The initial crash occurred on Black Thursday (October 24, 1929), but it was the catastrophic downturn of Black Monday and Tuesday (October 28 and October 29, 1929) that precipitated widespread panic and the onset of unprecedented and long-lasting consequences for the

United States. The collapse continued for a month.

Economists and historians disagree as to what role the

crash played in subsequent economic, social, and political events. The crash in America came near the beginning

of the Great Depression, a period of economic decline in the industrialized nations, and led to the institution of landmark financial reforms and new trading regulations."

The men that came back from and survived this massive financial devastation were first and foremost those who had CASH access.

Listen to me, you may not get interest on it,

BIG DEAL to 1%!

But if history repeats itself, then you will have NOTHING

if the market goes Belly up!

If you have it in real money, you will not "lose"

anything except the might-have-had interest

on your investments.

Frankly, I would not take the chance.

You are risking life and limb for this gain, use it wisely.

I believe what I have told you with all my heart.

You can call me mom!

Answer 8

i'd pay off my student loans and my car and get my husband and i settled and put the rest in a high intrerest bearing account and let it grow grow grow!!!

Answer 9

I would payoff my house and both my cars and everything else I owe.  Then I would sit back and breath easy for awhile.

Answer 10

I have several friends and family who have done this. The best possible thing to do is SAVE!! Also when you get a chance buy a house so you have something to write off.  Also invest. What ever you do don't go crazy and buy everyone cars, playstations, and clothes. That's foolish. This is the time to build a nice nest egg. When you come home you want to live in comfort and not owe creditors!!

Best of Luck and Be Safe!!