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02-17-19 05:53 AM

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Ultrajeff
02-09-19 04:34 AM
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MonaRetro
02-16-19 08:06 AM

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What would you do with 20,000 dollars?

 

02-09-19 04:34 AM
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I don't like bragging (I am quite puzzled when I think about this), but yesterday, I received 20,000 dollars as part of a grant for people with disabilities. Regardless of the situation, I must honestly say that I am quite confused with what to do with it aside from paying off my student loan fee for a number of reasons (I hardly spend at all so I wouldn't know what to do with most of it other than invest). Hypothetically, if for any reason, you got a hold of this amount of money, what would you do with it and why? (I could give more information about my current situation if asked). Thank you for your invaluable information, my friends.  
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02-09-19 09:05 AM
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Your best bet is to send the money to me via cashiers check. This is a good investment because I could really use that 20 grand. Thank you in advance

Seriously though, this depends on if you are able to work. If you come to realize after college that you are too disabled to work you can get your loans discharged for free and you won't have to pay a dime back.

I don't know your financial situation so it is hard to suggest what to use the money for.

The good thing about paying off the loans with it is you'd kill of any interest that occurs over time with them so you'd be saving money.

If you are disabled and are on disability the last place you should put that money is in a bank account. So either hide it or rid of it if you are. If you are not on disability then you got nothing to worry about except maybe the IRS or creditors trying to take it.

If it were me I'd use it for living expenses. But your situation may be different so it is up to you.
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02-09-19 09:57 AM
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Look into a savings account and compound interest saving to build wealth, put about 10,000 of that money up into a savings account that earns interest on the money that sits in the account, then invest the money into property like houses and townhouse become a landlord and let the money work for you..thats what I'd do with $20,000..ironically i'm currently waiting for settlement on my inheritance from my grandparents so this is my plan of action when my money clears...
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02-09-19 10:53 AM
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Want to take some risky advice?

Bitcoin.

It's seriously undervalued right now, and as we speak, several of the big players--mega corporations--are attempting to get their hands into cyrpto currencies. Just because they are so large, and creating ETFS for the product, the value of Bitcoin will probably get close to 20k like it was last year. This might take eighteen months to accomplish though.

If you want a less risky option. . . invest in Marijuana stocks. Me and my dad play the market and we shot for 5% exponential growth every week. The market is pretty safe at the moment, and as more US states make it legal. I don't think I can legally give you out the twelve we're watching though due to. . . agreements. . . . I sure can tell you want commodity to watch though.

Not sure if the stock market is your sort of thing. It's not the most conservative option, but I love it. It's great you got that money though. Do whatever you feel comfortable with! I'm really happy for you Jeff! Use it wisely!
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02-09-19 09:29 PM
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I would change it to a currency i could actually use

EZ PZ

but nah i would probably spend it on helping my family out with whatever they needed... 
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02-16-19 08:06 AM
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Congrats! I would party even harder lol
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