You get 50k dollars tax free no catch what do you plan to do with it?
I had that happen in January, I built my own bookstore.
I’d pay off my house. No hesitation.
EDIT: I owe just a bit over $50K on my house. By chance, the amount OP chose fits my circumstances exactly.
Same. I’d use the rest to get solar and dig a well if there was some left.
Instead of digging a well, you might invest in AWG if you’re thinking of a prepper/solar punk kind of future.
Buy some solar panels and throw the rest at my mortgage
Same. Would love solar but its very expensive here.
I’d make my own solar panels since it’s part of my Field of studies
I could just show you better than I could explain it. I’ll dm you my Venmo.
Pay off mortgage, not glamorous but it works.
wow even 50k is not a glamorous amount ? Or you mean to just use it on a mortgage ( surprisingly most people here pick that)
Not if you have a mortgage over 200 to 500 thousand Dollars because you bought a house on credit (which is how most people buy a house because that really is an amount, even the well-earning middle class needs decades to accumulate).
It’s nice, but not life-changing.It makes a dent, that’s easily more than 2500 a year in interests.
Yeah, definitely nice to have - but not glamorous or life-changing.
I’d buy two sticks of RAM. I know I’ll have to use some of my own money but I think it’ll be worth it.
50k on black
Invest it all and forget about it for a few years.
Buy enough solar and batteries to become energy independent for the rest of my life.
With that money i could build one myself from scratch
You’d only need a fraction if you DIY, which is definitely worth it to learn how to do so you can fix it yourself.
I do actually know how to build them from scratch i am a semiconductor and microeletronics PhD student ,unfortunately i don’t have the time or money to do it :(
I am debt-free; I save it for when I need to replace my GPU.
Straight into the investment account. It’s not nothing but I’m not strapped for cash, and 50K USD alone can’t do much where I live…
Turn my basement into properly approved living space, increasing the value of my house by roughly 33%. Then it’s time to renegotiate my mortgage rate.
I’m too young to own property in my life time and don’t understand the renegotiate mortgage meme.
How come the rates are lower if the house goes up in value?
In short, if your house increases in value, the money you owe vs the things that you own changes in your favor, resulting in less risk for the bank. It is therefore likely that a bank (not necessarily the one who currently has your mortgage) is willing to give you better terms/interest based on the new circumstances, and your current bank will therefore make an effort to be competitive.
This thread is depressing.
Invest it. I don’t need stuff so I wouldn’t go on a shopping spree. I’d rather have it later and take some vacations with family.
