Brian

iTrader: (2)

Thats exactly what i would do


Brian

Alan_D

Whether you make money or not depends on the value of gold continuing to rise. It's currently around $1090 an ounce. If you bought £75k worth now and it rose to around $1200 an ounce, as it may well do in 2010, your gold would then be worth around £82.4k.

Edited to say - Houses are your best bet, as I and others have suggested.

matts1

I would do one of three things.

a) pay off your own mortgage or as much as possible and so you have more money per week to yourself.

b) buy a property to rent, you could buy two, but then of you get periods of empty places you may start to struggle to cover the costs.

c) buy a place needing some work, do it up and sell it, and keep doing that making a bit on each one.

Alan_D

Take a look at this: http://www.thisismoney.co.uk/mortgag...7&in_page_id=8

At a totally different time as far as the economy is concerned, but inspiring none the less.

patton16i

count me out them m8 fook that a supprise

Psycho Warren

iTrader: (5)

this.

Sticking the £50k away could mean savings, investment, property or whatever.

No reason why you shouldnt have a bit of fun as well.

jammerrs

either that or buy and sell houses making a bit on each one, but renting tem out is a constant income

B16JUS

max a isa out £15k ish
max in premium bonds ( guarantee plus poss winning ) £30k ish
hood holiday 5k
nice car £20k
savings £5k

fiend

iTrader: (1)

I thought the max for an ISA is just £3600 a year?

Also premium bonds are only good if you actually win, otherwise your money is worth less every year.

P_is_for_Paul

Compton? Or the Bronx?

RS Grant

iTrader: (1)

The Gorbals in Glasgow is meant to be nice this time of year.


Cheers,
Grant

YOREVOL

Fast cars
loose women
alcohol


probably waste the rest!!!!!!!

Kieron

If you plan on staying in the house your at now for some time then pay as much of the mortgage off as possible.

If you rnot, but a nice house to raise your new family in.

All those other things came come later when you get to keep most of your income. Do the sums on your mortgage and think of the long term. If you have say a 100k mortgage with 25 years still left to run work out your payments. Chances are you'll be paying back 145k+ over the 25 years. Get that massive debt out of the way and set yourself up for the long term.

Ebonycossie4x4

iTrader: (4)

id do what you plan, A nice escos is only 12k and it wont lose no money.

It will also be insured so if the worse happens you will always get the money back.

Then pay a massive lump of youre mortgage off, If you change youre mind and wanna take a chance with youre money in the future then remortgage youre house and get the money that way.

Youre youg so what does it matter. When youre 50 you will have trouble remortgaging but you wont at 40.

~nomad~

iTrader: (4)

pay it off the mortgage

Psycho Warren

iTrader: (5)

I will sell you this for a few thou:



Bit of fun like

petey.

havent read any replies, but i would;

£50k savings account
nice car
LONG holiday

wouldnt pay your mortgage or shit like that, waste imo.

mrjenrst

The only option imho

Csm

If i was sorted and happy in my currant house i'd......

Buy an escos minter keep a little in a savers account or isa etc etc for a rainyday and pay a massive amount towards clearing the mortgage or if even luckier being mortgage free all together

cossie4i+

iTrader: (15)

Have fun with 15k then invest the rest, pay off mortgage / buy a house to let etc.

Steve

cutch

iTrader: (1)

As said above, have a small amount of it for some fun, a toy, whatever you fancy and put the rest on yer mortagage, you will reap the benefits for years to come. Wish i could, really do!

Kieron

Nice one brains. Do the maths. Whats the interest on a savings account and whats the interest on a mortgage. By having a mortgage and savings your throwing money away each month without even knowing.

Once you own your house, that is your savings.

RC4

25k off the house,25k for the child in an account he/she can,t touch till he/she is 18,and 25k ,car and a nice holiday

DazS1Turbo

Morgage and turn it into a palace inside

Long term having a little or no morgage is a BIG bonus on your lifestyle

ossie cossie

If you have always wanted a cossie, get one. Then have a family holiday, then whats ever left pay off the mortgage. except for 5 grand in a savings account for a rainy day.
The way i see it is somthing for me, (car) somthing for us (holiday) and something for the future (mortgage paid up and 5 grand savings)

xr2i-carl

Put some into the Mortgage. Ie 20k... Go on a decent Holiday for 2-3k and then treat yourself a bit then stick 40-45k in a savings account.

leeboy_09

Hey i think you should build the worlds fastest mk1 fiesta popular
Failing that property or land

fuzzy232

buy a escos and invest the rest

fuzzy232

http://www.youtube.com/watch?v=NEtNHC9tEt8

Ryan_3

well i wouldnt say on a forum thats for sure!

and if i was paying a house ill settle that first! and a little amount to my children ( if I will have ) but not 20k

andyt

iTrader: (1)

carlisle mate

s1 rst project

i would be buyin a property to sell on and cream more money mate

Elvis

iTrader: (1)

Give it to me???

andyt

iTrader: (1)

serious, what can you get for £75k these days that would not need gutting out and another £30k thrown into it

JohnnyB

don't pay off your mortgage, spend the money as I said house dept is good dept.

If you do my plan well and purchase 10 houses you will have a good income, if you make 20 you will be set for life. make 30 fuck your kids and everyone will be set for life.

j6kyt

buy to let property mate thats what i did with out inheretence, a good sound investment and while house prices are down its a good time to grab a bargain. Get a good mortgage advisor and he/she will give you good advise on the buy to let mortgage packages and all other releavent information associated with buy to let property. Oh and buy a nice car too! Thats my advise a nice nest egg for you and that little one when he/she arrives. Good luck.

AustenW

Buy as many buy to let properties as you can, perfect market conditions now as houses are cheap as chips (go for 3 houses around £100k with a £25k deposit)

You can retire in 20 years time with a regular income from them and still have the house to give to your kids as they will be paid off by then

Perfect

matts1

yep, seems renters are the best bet. I bought a second place earlier this year that I rent out - don't make me anything now, but don't cost anything either.

But in 20 years time, it will be all paid off.

Going to look at doing the same with my business partner throught the company in the early new year and have a tenant lined up. Then we will keep buying them as and when we can.

I'm 32 now, by the time I am 55 I want to be able to retire with a nice comfortable income.

It's a life changing amount of money that 75k and imo you need to use it to its full potential to set yourself up for the future.

I do agree that you SHOULD get you cossie and a nice one at that and a nice holiday for the family - then be wise with the rest - remember, the cossie isn't 15k lost - it is 15k that is always there if you need it back.

JohnnyB

search for repo's they are easy to spot you will see the details in the windows on the web sites.

fuck why am I telling your my info lol

I have supplied great information on buy to let and great pic's in the mens room and I still have to pay for access?

fuck it I am standing down.

matts1

Aren't repo's a bit of a mind field though?