What would you do with 30K?

2

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  • dudeinaroom
    dudeinaroom Posts: 3,609
    edited May 2007
    MikeC78 wrote: »
    Maybe add a VCR to the mix?:D ;)

    Nice
    bobman1235 wrote: »
    30k is 3/4 the price of a house?? Where is it, under the ocean?
    Arenac county Michigan. It's a bank foreclosed house. I know it's gonna sell with in the next year, someone is going to get smart, buy it cheap, fix it up, and sell it after the casino goes in a half hour down the road. Oh yeah it also sits on 2 acres(would be great for the kids:))
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  • jdhdiggs
    jdhdiggs Posts: 4,305
    edited May 2007
    Shoot, send me the info and I'll buy it right now and I'll let you rent it from me... :)
    There is no genuine justice in any scheme of feeding and coddling the loafer whose only ponderable energies are devoted wholly to reproduction. Nine-tenths of the rights he bellows for are really privileges and he does nothing to deserve them. We not only acquired a vast population of morons, we have inculcated all morons, old or young, with the doctrine that the decent and industrious people of the country are bound to support them for all time.-Menkin
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  • Sami
    Sami Posts: 4,634
    edited May 2007
    AndyGwis wrote: »
    If I did put money in Mexico, I would go with Cabo. That place is awesome!

    Cabo San Luca is great (right next to PV across the ocean) but there's not much infrastructure yet. Cheaper than PV but for a reason. Puerto Penasco I don't know about but we're set on Puerto Vallarta because it's a big resort and the flow of tourists and longer staying retirees is good, the rental market makes it a low risk. Plus it's my wife's hometown so it's the only option for us besides Cabo.

    Andy, MX is a great place to invest right now. Rated by many as better place to invest than China or Brazil. I would stay away from US stocks in general right now. One of the stocks I've been buying and selling is AMX (America Movil), I started at $42 a piece back in November, it's now in the low 60's (~61). Another good one is Cemex (CX) that supplies cement, tells you about the boom in development...

    If I was to invest in US, I would look at RIMM but the $166 price is scary. I don't understand why they haven't split it a long time ago.
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  • Fireman32
    Fireman32 Posts: 4,845
    edited May 2007
    I would use it to buy a house and stop paying rent.
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  • jflail2
    jflail2 Posts: 2,868
    edited May 2007
    I was going to say a house, but I think once all my debt was paid off I could afford a much nicer house much sooner, with less to worry about once I got "house poor." So I have to go with paying off debt.
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  • wallstreet
    wallstreet Posts: 1,405
    edited May 2007
    Since I'm currently in the market for a car, I imagine I would use it to buy the car instead of financing. If I were not in the market for a car I'd look into a pool.
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  • I-SIG
    I-SIG Posts: 2,238
    edited May 2007
    Pay my truck and student loans off. Buy that piece of gear that you'll never need to buy again, say an amp or turntable and invest whatever was left, say 10k or so.

    Wes
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  • dorokusai
    dorokusai Posts: 25,577
    edited May 2007
    I would super glue $100 bills to completely cover my naked body, head to toe, except for my eyes, then go to the mall and hangout.
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  • Rivrrat
    Rivrrat Posts: 2,101
    edited May 2007
    Mall?

    I'm thinking you could get a lot of attention at a strip club looking like that.
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  • Sami
    Sami Posts: 4,634
    edited May 2007
    wallstreet wrote: »
    Since I'm currently in the market for a car, I imagine I would use it to buy the car instead of financing. If I were not in the market for a car I'd look into a pool.

    Car loans are cheap money, you're better off financing the car and investing the $30k. :D

    If you're looking for a sedan, my roommate just got an M3 and he's looking to get rid of his G35 ('04) below market price. Just FYI since you're in Texas.
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  • cfrizz
    cfrizz Posts: 13,415
    edited May 2007
    I would split it between my mutual funds.
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  • danger boy
    danger boy Posts: 15,722
    edited May 2007
    i'd do house repairs/upgrades.. if any was left over.. i'd get a boat. then the rest i'd pay off debt.

    then i'd go to McDonald's and live it up right. :eek: ;)
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  • venomclan
    venomclan Posts: 2,467
    edited May 2007
    dudeinaroom wrote: »
    I would buy a house so I could stop paying rent. We found a house last fall that we really love, but I could not get financing. 30K would be a nice down payment(3/4 of the price of the house). The house is still on the market. It was built in the early 1900's, it's 2800 sq.ft. hardwood floors through out most of the house. There is some cracking in the plaster due to the house settling, one of the bathroom floors needs to be replaced, the roof needs to be re-shingled. Other than that the place isn't in bad shape. I'd want to do a little updating, new cupboards in the kitchen, switch the boiler over from electric to either corn, or wood pellets, and a few other little things(HT room, 2ch room, toy room for the boys.) Oh well I can dream right.

    Damn, A house like that in my area is $700K easy. I heard that houses were selling for less than cars in Michigan due to the big 3 and other industries in difficulty, it's sad really.
    V
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  • jcaut
    jcaut Posts: 1,849
    edited May 2007
    $30K doesn't go as far as it used to. I'd definitely pay off debt, but I'd like to give some to charity too. Realisticly though, a chunk would need to go towards education costs for my kid(s).

    Jason
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  • AndyGwis
    AndyGwis Posts: 3,655
    edited May 2007
    dudeinaroom wrote: »
    Arenac county Michigan. It's a bank foreclosed house. I know it's gonna sell with in the next year, someone is going to get smart, buy it cheap, fix it up, and sell it after the casino goes in a half hour down the road. Oh yeah it also sits on 2 acres(would be great for the kids:))

    Dude,

    My dad and all his family are from Arenac County, MI. . . Standish, to be specific. My 90 year old grandma is a little worried about the Casinos going in 4 miles from her house.

    Anyway, it's a great town. I can name all the big hot spots. Used to have Worley's, A&W, Big Wheel, bowling alley, etc. I think there are only 1200 people in Standish, and my family knows most of them. . . hell, my family is about 20 of them :)

    Small world.
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  • dudeinaroom
    dudeinaroom Posts: 3,609
    edited May 2007
    Well big wheel has been gone for a long time. I worked in Standish for the past 2 year up until this past January. A&w is still there, not sure about Worley's. The bowling alley burnt down, and has been rebuilt. I don't recognize the family name. I live about 20 min. north of Standish on 23 in Au Gres. I'd say the population is more than that, Au Gres is smaller than Standish and has that many winter residents, the population here is estimated to swell to 6-12,000 in the summer. I think the best thing about living up here is a 5 minute drive in any direction and you are either in the middle of nowhere, or on the bay.


    Yeah, it is a small world. I moved up here 17 years ago, from the Detroit area when my mom passed away. It's funny how many people from that area are up here, not to mention just from my home town of Hazel Park.
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  • dudeinaroom
    dudeinaroom Posts: 3,609
    edited May 2007
    Hey Andy,

    If your grandma ever needs help with any thing let me know. I'm usually down in Standish once or twice a week as I have a few friends that live down there.
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  • PolkWannabie
    PolkWannabie Posts: 2,763
    edited May 2007
    With 30k ?

    Buy a tank of gas and a carton of cigs ... That might cover it ...
    Rick
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  • VR3
    VR3 Posts: 28,571
    edited May 2007
    30,000 just isnt that much money...

    I'd probally put it in the bank. Unless I was rich and gaining 30 grand was just a perk... and then I'd probally still save it. haha
    - Not Tom ::::::: Any system can play Diana Krall. Only the best can play Limp Bizkit.
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  • bobman1235
    bobman1235 Posts: 10,822
    edited June 2007
    Vr3MxStyler2k3 wrote: »
    30,000 just isnt that much money...

    Didn't you just graduate high school??

    Jesus, it took me till I was well out of college before I would even consider saying 30k isn't that much money.... and even now, when I make a good salary... 30k is a lot of money.

    Don't be so cynical.
    If you will it, dude, it is no dream.
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  • wingnut4772
    wingnut4772 Posts: 7,519
    edited June 2007
    bobman1235 wrote: »
    Didn't you just graduate high school??

    Jesus, it took me till I was well out of college before I would even consider saying 30k isn't that much money.... and even now, when I make a good salary... 30k is a lot of money.

    Don't be so cynical.

    It's not what it used to be for sure but it's still a good chunk of change. I wouldn't mind having it. I voted down payment on another house.
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  • BaggedLancer
    BaggedLancer Posts: 6,371
    edited June 2007
    I'd use it to pay off a portion of my college debt...

    I'd use the rest to buy....oh wait that's right 30k pays under half of my college debt.
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  • read-alot
    read-alot Posts: 812
    edited June 2007
    A John Deere tractor with a front loader or maybe

    that blonde that showed up in my dream last night.

    Better get the tractor now that everythings paid off, I would hate to see

    the blonde with my wife's lawyers as we are leaving the court room.
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  • jdhdiggs
    jdhdiggs Posts: 4,305
    edited June 2007
    Trey:

    $30K is about the yearly expenses of the average 4 person household around here. To say it's not a lot of money is a little goofy, especially for an 18 yo. ;)
    There is no genuine justice in any scheme of feeding and coddling the loafer whose only ponderable energies are devoted wholly to reproduction. Nine-tenths of the rights he bellows for are really privileges and he does nothing to deserve them. We not only acquired a vast population of morons, we have inculcated all morons, old or young, with the doctrine that the decent and industrious people of the country are bound to support them for all time.-Menkin
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  • read-alot
    read-alot Posts: 812
    edited June 2007
    jdhdiggs wrote: »
    Trey:

    $30K is about the yearly expenses of the average 4 person household around here. To say it's not a lot of money is a little goofy, especially for an 18 yo. ;)

    It's not any different in Salisbury,NC today.

    30k was and is a good chunk of change.
    polkaudio SRS (rdo194 x 8)
    Dodd ELP (separate power supply)
    JC 1 blocks ( strapped )
    Rega Apollo
    MIT (speaker cables) Outlaw (ICs)

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    B&K 505
    Samsung LCD
    VIP 622
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  • AndyGwis
    AndyGwis Posts: 3,655
    edited June 2007
    dudeinaroom wrote: »
    If your grandma ever needs help with any thing let me know. I'm usually down in Standish once or twice a week as I have a few friends that live down there.

    Worley's was a bar my dad used to frequent on the main street there (gone now), was just across from what is now Norman's (I think that's the name of the discount athletic shop). My dad's family used to run a general store right there next to it, and also had a shop that fixed John Deere tractors and such.

    Preciate the offer on helping Grandma out, especially with her now being 90. . . but I don't know how I would explain "nice gentleman I met on my internet audio forum whom I've never met is going to take you to the grocery store" from 1200 miles away, when I don't think she has even broken into email / online anything yet. But, I know you were being sincere and appreciate the offer. She has 2 sons, 2 daughter in laws, and about 10 grand kids that live right there. She's alone, but not too lonely.

    Back to your regularly scheduled program. . . I might buy some land in Standish with 30K after all this reminiscing.
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  • skipf
    skipf Posts: 694
    edited June 2007
    Party!!! Oh yeah, and a good turntable setup. With what the want for turntables, tonearms and good cartridges nowadays it won't be much of a party.
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  • Ron-P
    Ron-P Posts: 8,516
    edited June 2007
    If I really got $30k I'd put $20k in an account for my daughter give my wife $5k and myself $5k and go on a spending spree.
    If...
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  • hearingimpared
    hearingimpared Posts: 21,137
    edited June 2007
    We have no debt except for our mortgage so I chose to add to my home and buy a new rig. Which in all reality these days is either one or the other.
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  • Jstas
    Jstas Posts: 14,806
    edited June 2007
    I keep getting told by financial advisors that paying off debt is one of the worst things you can do with a big windfall. But most of those guys are rolling in cash don't know how oppressive debt in an amount large enough to suck up 30K or more can be.

    The answer of paying off debt doesn't sound like fun but, if you are gainfully employed and no longer have a large debt load that you have to work for every week, you all of a sudden gain this liberating financial freedom. You can actually take a vacation without having to worry about cost. You don't have to log that overtime anymore because the car needs a set of tires or something equally as trivial but important. Paying off debt is boring and no fun at the outset but the dividends in personal time will be way more valuable. Alot of the financial advisors I talk to don't get that or at least don't see the value in it.

    I'd pay off debt. Being debt free...I can't think of very much that would be better than that. The few things are stuff like becoming a parent, seeing your kid graduate college or get married or get married yourself and other stuff like that.
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