£75,000
05-11-2009, 06:45 PM
#1
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£75,000
What would you do with 75k (left in a will) im 25 with a good job decent home and a good pregnant g,friend i dont no what to do with it any sensible ideas
05-11-2009, 06:46 PM
#4
PassionFord Post Whore!!
if you dont need it invest it, or do something sensible with it like pay your house off etc, dont listen to all the monges that will say build the worlds fastest mk1 fiesta pop etc etc
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05-11-2009, 06:51 PM
#10
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05-11-2009, 06:53 PM
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PassionFord Post Whore!!
buy 2 houses on buy to let, there are some nice cheap ones about now on most buy to lets you need about 30% down.
then just wait for the house prices to rise once they do take the colatural and buy another and just keep going.
then just wait for the house prices to rise once they do take the colatural and buy another and just keep going.
05-11-2009, 06:54 PM
#13
PassionFord Post Whore!!
buy another property from auction and sell on for profit or rent
bank the rest and do some travelling around the planet
extend your current house?
open a business?
there are loads of ideas!
bank the rest and do some travelling around the planet
extend your current house?
open a business?
there are loads of ideas!
05-11-2009, 07:00 PM
#17
Spanner monkey
The most sensible idea i could think of, and possibly the most profitable.
05-11-2009, 07:03 PM
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cheers fellas think im gonna finnish my house off pay a lump of my mortgage my mortgage isnt massive so im gonna buy an escos would you say that was wise investment!
05-11-2009, 07:05 PM
#20
st170 breaking
went past his old gaff the other day, lights were on and new windows in, i guess he sold it the time before that it didnt have a front door :blub:
05-11-2009, 07:05 PM
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05-11-2009, 07:09 PM
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a trip to amsterdam is on the cards
05-11-2009, 07:10 PM
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05-11-2009, 07:38 PM
#26
Too many posts.. I need a life!!
Get sum new mates n share the wealth! *Wink*
Seriously, 2 ways, either sensible n pay large lump into mortgage, or as said before you didnt expect to have it, so buy sum pointless shit that guys buy n enjoy it! Good times!
Seriously, 2 ways, either sensible n pay large lump into mortgage, or as said before you didnt expect to have it, so buy sum pointless shit that guys buy n enjoy it! Good times!
05-11-2009, 07:39 PM
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You could even buy a flat for e.g., now that property prices are at a low level, and either let it out for a constant income, or just renovate somewhere in need of TLC, let it out for a few years and then sell it when property prices have risen for a decent profit(having had a few years constant income from the rent).
05-11-2009, 07:44 PM
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That's a life-changing amount of money. Please do as much research as you can and speak to people who could possibly invest it for you. Imagine doubling it... that would be even better for your girlfriend and kid in the future.
You could even buy a flat for e.g., now that property prices are at a low level, and either let it out for a constant income, or just renovate somewhere in need of TLC, let it out for a few years and then sell it when property prices have risen for a decent profit(having had a few years constant income from the rent).
You could even buy a flat for e.g., now that property prices are at a low level, and either let it out for a constant income, or just renovate somewhere in need of TLC, let it out for a few years and then sell it when property prices have risen for a decent profit(having had a few years constant income from the rent).
whats with the gold bars?anything i need to no?
05-11-2009, 07:49 PM
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05-11-2009, 07:55 PM
#31
That's a life-changing amount of money. Please do as much research as you can and speak to people who could possibly invest it for you. Imagine doubling it... that would be even better for your girlfriend and kid in the future.
You could even buy a flat for e.g., now that property prices are at a low level, and either let it out for a constant income, or just renovate somewhere in need of TLC, let it out for a few years and then sell it when property prices have risen for a decent profit(having had a few years constant income from the rent).
You could even buy a flat for e.g., now that property prices are at a low level, and either let it out for a constant income, or just renovate somewhere in need of TLC, let it out for a few years and then sell it when property prices have risen for a decent profit(having had a few years constant income from the rent).
Failing that I'd buy 75,000 lottery tickets
Big-Dan.
05-11-2009, 07:56 PM
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05-11-2009, 07:58 PM
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Buy to let is good advise imo and try and invest as much as you can.Like you say if you are in a good job you will not miss the amount you have been so generously left.Seen it before from one of my freinds was left a house, money wasted on cars and tbph I did the same but was about 25k when I sold my house.Take it from experiance I would do things differently now.Live for the future for you and your family and not now like I did.Ask yourself this,do you want to work yourself untill retirement age or get the time off earlier and still have an income from otherpeople paying you to live in propertys you own.Everything is as cheap as atm.
Last edited by Rax; 05-11-2009 at 07:59 PM.
05-11-2009, 08:03 PM
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and he got £14 back ha daft t%&t
05-11-2009, 08:07 PM
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E36 cosworth
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05-11-2009, 08:07 PM
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Buy to let is good advise imo and try and invest as much as you can.Like you say if you are in a good job you will not miss the amount you have been so generously left.Seen it before from one of my freinds was left a house, money wasted on cars and tbph I did the same but was about 25k when I sold my house.Take it from experiance I would do things differently now.Live for the future for you and your family and not now like I did.Ask yourself this,do you want to work yourself untill retirement age or get the time off earlier and still have an income from otherpeople paying you to live in propertys you own.Everything is as cheap as atm.
sound advice m8 it not getting wasted thats for sure!bu i still want to treat myself i u know what i mean got the money in the worst way the loss ofa loved 1
but life for living and iv got my own family to provide for now thing im gonna go the property route
05-11-2009, 08:10 PM
#38
PassionFord Post Whore!!
Personally Id take 15k out for yourself to do with as you please.
The other £60k you need to invest it, buy a house, put it in an account with the best interest rate you can and forget about it or something along those lines.
Take it from me you WILL spend it if you dont put it somewhere. I did exactly that, spent £30k without realising where it went. Its VERY easy to do if you dont keep a close check on things!!!! Fortunately I realised what I was doing and have now reigned it in big time. Still have cash in bank and in cars and bikes tho. I caught it before it was too late.
The other £60k you need to invest it, buy a house, put it in an account with the best interest rate you can and forget about it or something along those lines.
Take it from me you WILL spend it if you dont put it somewhere. I did exactly that, spent £30k without realising where it went. Its VERY easy to do if you dont keep a close check on things!!!! Fortunately I realised what I was doing and have now reigned it in big time. Still have cash in bank and in cars and bikes tho. I caught it before it was too late.
05-11-2009, 08:20 PM
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