If you were given $50,000USD (tax free) today, what would you spend it on? That’s the question on Hank’s (from My Investing Blog) mind. So here’s my answer:
50K would be enough for me to split amongst different goals. I’d pay off a little debt (5K), build a better cash savings (5K), buy another piece of real estate (30K for down payment), and use the remaining 10K for our 2008 IRA contributions. Easy!
If you’d like to get in on Hank’s contest, there’s only a few days left so hurry over to Hank’s Holiday Handout #3! where M.I.B Is Giving Away $300! You can also answer here in the comments, but to be eligible for the contest you’ll need to visit My Investing Blog.
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Pay off the car ($22K), $18K Orange Savings, $10K selected stocks. Need better credit for real estate (which takes time anyway), so may as well get the interest in savings at the same time. Really hate car payment, it's the only thing not paid off. Current selected stocks are beating the market...but that's always a gamble regardless.
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