Ditto
 

I'm with ya here Bruce.
I work with money all day.
I have had many clients come into money ranging from 25k- 1.5 million.
It's just depends on Ur income and debt at the time.
Paying off Ur house may seem like a good idea ... BUT
if Ur mortgage isn't killin u it's is usually better to place Ur money in some kind of investment.
Never a risky one. Regardless of how much of a return is possible.
B smart.
Pay off short term debt. Credit cards, student loans etc.
Then buy that yellowfin and have fun!!!!! Lmao!!!
Seriously though I have seen people blow thru and inheritance like it's an INCOME.... Spend spend spend!!! U ain't gonna have much fun when Ur money runs out.... Ull look like a fool!

ill show you how to spend that **** hit me up we'll spend 50,000 you'll need the other 50,000 for rehab after i get done with ya!!!:p all joking aside i would buy some properties while the market is down and keep em as rent houses untill the market changes for the better then flip em

Dude seems like I have tried that already!!! LOL
I would like to know how much I have spent on adult beverage and mood altering substances over the years .............

thats why i quit all that **** total waste of money!! now i spend all what used to be my beer money on fishing tackle!!!:p

I could have bought a couple of those Yellowfins Bruce was talking about and gas for em:eek::eek::eek::eek:

x2

Well .....I am not sure it was a TOTAL WASTE of money.......
some memories are just flippin worth it!!!


Like last time,,,,,I was convinced we where lost at the corner of "Walk and DON't Walk"

lol

I'd pay off my casa and deck Blockade Runners out like no fishin' camp you've ever seen. Then I'd go on a trip to Anegada in the British Virgin Islands. Money's no good if you're not spending it. The way our government is printing it, you might be better off converting it to Euros right away. :(

one word
 

GOLD!

That is a stupid reason not to pay off your house..:shaking:

and you can homestead it.........geez..............

Especially, after you consider how much that house cost you if you pay it off in 20-30 years.

Used to it was a tax advantage but not so much anymore. I could'nt deduct my interest so why pay the interest.

why?
 

why can't you deduct interest?
An I missing something bender??

It's the only deduction I have:cry::cry::cry:

1. I would buy 4 $25,000 10 year AA Rated Tax Free Muni Bonds(School Dist are good) get a tax free yearly return of 4-6% and the 100,000 is returned at end of year 10.
2. Next, I'd go to my bank and use My 100K Muni Bonds as collateral for a 100K Loan. Interest rates are low and your Muni Bonds are earning income.
3. I'd look for a business I could run while still working at my current job or find a business or product line that fits well with my current business.
4. I would pay of the loan with my new business income and muni bond income.
5. When I pay off my loan, I'd see where my Muni Bonds stood. I would either sell them or wait till they matured depending on how long it took me to pay off the loan.

I would end up with my original 100K and a debt free income producing business or new product line for my current business.

I'd do it all over again and again....