If you won a $100,000 (hundred thousand dollars) what would you do with it?

I was still typing, and must have hit something on puter cause it posted before I could finish. Some of the most immediate debts would be to get bills caught up that is for those that may be behind. I think I would want to get car running well. I would then find out more on various business' and what would be needed for small business loan since if you have a chunk of money in the bank you can get a loan but if you don't have money in the bank you can't. I am not sure what I would do for a business I would first want to know what would be the best in current circumstances and what would also have best for future potential. Some ideas might be some kind of established chain, ie, store like wawa, or something like that, though it is not what I would prefer, I would prefer to have a book store, but I know from having worked in and managed book store in the past that when money gets tight that money spent on this is considered a luxury and tend to go down in business. I know of a great idea for the area for a store that can do well and who should manage it to make it potentially long term profitable, but as it is dealing with auto parts, lol would have to rethink that with the current gas prices. SO I think that banking most of it, would be best, til I researched the best way to invest it so it can make money for me, and then with a certain amount set aside for a nice worry free vacation, In the current economy 100,000 is not really that much money. Once the money started making money I would then get some work done on the house. Remodeling etc.

yeah i totally agree...getting into a business that you havent done a research first might just end up closing it... thats really wise thinking it first how to spend that kind of money and putting it in the bank is probably the safest and gaining interest while you research the best business for u.

thank you for posting....

Very close..Individual Retirement Account.

Yes it earns interest and when you reach retirement age, you can draw on the interest only or the whole amount w/o being taxed.

so thats like your own pension? does it earn interest? how are you gonna claim it in the end?

wow thats a lot of money. are you taking a medical course? just curious.

Yes, I have a master's degree and am doing post-graduate coursework, and my husband is in Anesthesia school. If I can't find a decent job soon, despite working on this certification, we'll have to take out more loans! ACK!

stocks and bonds are a very good investements...do you know how i can buy stocks?

not a clue...If i was going to go buy some I'd go talk to a bank and see where they said to go.

wow you got the all planned out hehehe....in this state that we are all in...winning a jackpot money would be lovely...

@joimarquez - estimates not so bad. lol. I just don't know if it will be the same right now. The saddest part of my dream is that my dad is no longer with us.

yeah if you spend this 100g here in the states, only thing people can do with it is buy or pay half of the mortgage and pay credit card bills. i should up the money value on this discussion lol.

wow that's big. how are you holding on so far? is it hard trying to pay it off? i hope you do win that amount so you pay it all off.

hehehehehe silly.... i bet you'll miss mylot after a couple of days and you come back and tell everybody you won hehehehehee

thats a good way to spend it. very wise. good job!

wow thats really sweet. lucky gurl....hehehehe

10% interest wow thats a lot, what bank is that? the biggest i've seen over here (u.s) is 1.39% per year.

wow thats pretty generous, i wish i was one of your relatives lol.

how much is a $100,000 in your country? im just curious.

$250,000 wow thats expensive..... well, ive checked on the what house we can all buy in a 100,000 and will still be able to pay bills and buy a used car. we can buy a mobile home hehehe. i think it'll be practical and its just around 30 to 45 thousand.

Hey there I would go for a trip around the world but also put some in the bank

are you for real? at these times where prices all gone up, i dont think thats practical. I guess youre rich...hehehe donate it to me heheheh.

thank you for posting

you are gonna spend the 100,000 dollars in london.... wouldnt that be smaller in london though....coz if you convert the hundred grand to london money then it'll be just around 30,000 pounds. will you be able to buy a house with 300K pounds?

that seems to be a smart way of spending the money. well if i did won a couple of million or lets just say just a million dollars, i would definitely quit my job and just go back to the philippines and have that money sit on the bank. a million dollars is already 40 million pesos, so even if i had 30 million pesos sitting in the bank i could already be the paris hilton in the philippines hehehehe party and shopping anywhere. a little advise though.....dont use caps lock on this site coz they'll delete you posts, it'll affect your earnings.