Smartest Way to Spend 50k
What's the smartest (most future potential) way to spend 50k?
I'm an undergrad, and have that all saved up.
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buy stock in the Book of Faces on margin
Can't go wrong with poon.
hand it over to me.
Haha.
They're already all invested in some stock funds.
This is what I call a well executed humble brag
buy a time machine, travel to 2008, pretend to go to college, borrow another 300k, buy an ETF
she got tanlines...nuts
Buy WSO credits?
Buy your closest 50 friends rounds of shots every night at the bar. People will love you.
If you have any debt, pay it off.
Open a Roth IRA. Make max contributions each year ($5,000 per) until you reach the income limit ($125,000 for single filer).
Buy yourself nice clothes (casual and professional).
Save for a full down payment on a mortgage (20% of purchase price).
Use play money on travel / experiences.
@illiniPride I have to take issue with your signature line. True leadership is defined by the words, "This is what I'm doing. You're welcome to follow me."
If you neither lead nor follow, you're simply independent IMO.
http://jeremywaite.wordpress.com/2010/07/31/john-maxwell-on-leadership-… ^^This sums it up better than I can
Buy land in the Marcellus Formation.
Save some, buy yourself some nice things that will last a while, party.
So really what I'm saying is: Enjoy life, responsibly and smartly.
The serious answer is pretty much what illiniPride is saying....use it to invest in yourself. Retirement accounts, useful books, professional clothing and travel that introduces you to new experiences and cultures is a very valuable use of the money.
.
Use it to pay membership in the elite organisations which are not expensive - such as Blue Shield for example, or really anything that you feel affiliated to.
Then use it to get in touch and network with the elite members, such as royalty or exalted families.
It will pay off, you will make great contacts and perhaps a few real friends. Don't forget to be yourself.
P.S. In the example I have referred to Association of National Committees of the Blue Shield (president is Karl von Habsburg)
margin it up and put it all on the equity next company that hit the wallstreet headline for chap 11. Trust me, it would work wonders.
^ Haha. Maybe the easiest way to LOSE 50k.
buy every member of WSO a brazzers account
Naughty America
amateur
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