If you were gifted $100,000...

[Heavenly]

...and you had no debt to pay off, other than maybe your house. But you don't want to do something stupid like that. What would you do with all of the cash IF you could only do one thing?

Buy some land?

Invest in a CD?

By the way, it's not me.

 

[ChemErik]

Pay for all of my daughter's college. Thanks to scholarships, I'd have enough left for a keezer.

 

[Heavenly]

Pay for all of my daughter's college. Thanks to scholarships, I'd have enough left for a keezer.

Holy crap. Where's she going to college? Good idea.

 

[Billy-Klubb]

I was never edgermakated. I turned out fine. I'm gonna home college our boys. I'd probably become NB's and Pipes & Cigars favorite customers.

 

[ChemErik]

Colorado State.

 

[Mirilis]

Invest in growth mutual funds.. Dave Ramsey style...

 

[Scturo]

Yeah, son's college would definitely be it for me. $100 grand would mean I would only owe $12 grand. Worth every Pennie!

 

[slym2none]

Go to the hospital.

 

[casualbrewer]

Land for sure!

 

[arnobg]

Why not pay off the mortgage and save hundreds of thousands of dollars in interest? OR refinance with a 15 year mortgage and still save on a ton of interest while using some of the $100,000 to add to the monthly payment while investing the rest in mutual funds to outgrow what you used....

 

[bfish]

Rental property, if I wanted to make money from it. Vacation property, if I wanted to gift it to myself.

 

[binabik]

I'd go stay in the Ice Hotel. I'd throw in some other traveling too, like hitting Denmark, Scotland, Ireland and Iceland.

With whatever is left I'd get some land in the mountains.

Rent a house big enough for my family to spend the holidays with.

 

[Bigdaddyale]

Invest in growth mutual funds.. Dave Ramsey style...

ETF's are cheaper. Preferred Stocks
https://www.bogleheads.org/forum/index.php
http://www.dividendyieldhunter.com/preferred-stocks-sorted-alphabetically/
https://www.bogleheads.org/wiki/Lazy_portfolios

 

[Singletrack]

Launch my company providing homebrew products... no, get a Hatchimal.

 

[jbunton]

Add it to what I already have and get my own brewery off the ground and out of the idea/planning/aquisistion phase!

 

[BigMack]

[ame]https://www.youtube.com/watch?v=A939QRRSNV4[/ame]

 

[gratus fermentatio]

Invest it & grow it, so I could retire early.
Regards, GF.

 

[ChelisHubby]

All the answers can be right or can be wrong. If you are in that situation go to a lawyer or financial planner and talk about your goals. Me personally I would pay off my house and invest the rest. But I am 57 and with a small mortage.

 

[GilaMinumBeer]

What is stupid about paying off a house?

 

[Vandulus]

I'm all for the investment route (assuming your annual rate of return is more than your mortgage rates), but I'd also set aside 10,000 for a Hawaiian vacation with SWMBO and building a dedicated brewing area in my house.

 

[PaulR]

Buy $100,000 worth of lottery tickets and win more, duh...

 

[JohnSand]

Travel around the world.
It's a gift, I have to have fun with it.

 

[Cyclman]

+1 pay off mortgage and college fund, then retire early and brew, smoke meat, make cheese!

 

[bob1852]

What is stupid about paying off a house?

Then YOU have to pay the property tax, instead of the mortgage company.

 

[day_trippr]

I'd give the whole $100K to my sons to invest in our grandchildrens education, and hope they can find the rest somewhere, because $100K doesn't go all that far now, never mind in ~11-12 years when the little ones head off to colleges...

Cheers!

 

[Black Island Brewer]

Since this just happened to me in the last year (an inheritance), and because we carry no debt other than our house (not even a car loan at the moment) I can tell you exactly what I did:
The majority of it went into our retirement accounts, including a guaranteed annuity. Some of it was used to top off our savings accounts, to get them to a "six months worth of payments" level. Some helped pay for my wife's breast cancer medical bills that were not expected. The rest is in an interest bearing account, where about half will be used to re-roof the house, some will pay for a few smaller home projects, and the rest will be saved (and added to) to make a trip to the UK in 2018.

We did blow $250 to buy a vintage 1953 Westinghouse Range, that I spent another $40 to rewire.

 

[DU99]

travel overseas and buy a better car.or invest in small micro brewery

 

[RevKev]

Have a Tyrone Biggums style 100,000$ free crack party.

But no I would buy my dream car maybe build my dream home brewery in the house I would put a down payment on. Finish my Ph.D and pay off my unsubsidized loan. And spoil the living flocc out of my girlfriend.

 

[timdillon36]

Buy a small plane to transport goods across Americas in a North -South fashion.

But I might start with a weed farm so I can get a free education from the feds as well as free room and board before moving to that level.

CYA, All above is a joke related to a movie.

 

[Jaybird]

Hookers, Cigars, and Booze. Baaahhhhaaaaa Just kidding. I have really no idea!

Cheers
Jay