What would you do with large chunk of cash?

CapNCash · May 10, 2007

OK what IF YOU had a large amount of cash, say 30-40k and you wanted to pay off some debt, for instance student loans, house, whatever, and you didnt want to write a check out of your bank account because you only make about 40k a year.

Would you think it was OK to get money orders or cashiers checks and send to mortgage company?

Would you do it in increments? what size?

Would you do it at all?

Assume you found this money or came by it some other way.

dougconnection · May 10, 2007

send it all to the mortgage company

CapNCash · May 10, 2007

In cashiers check? why? would it be under the radar?

X-Files · May 11, 2007

Put it all on the Pistons ML game 4.

juice · May 11, 2007

You rob a bank or something? Can you sound more shady?

buddyboy · May 11, 2007

don't pay down your mortgage, you can deduct that interest on your taxes.

student loans are low interest, just keep making payments on them.

start using cash for all your day to day expenses (gas, food)

with your ligit paycheck you can now:

pay down your Credit Cards and High interest loans a little each month.

MAX OUT your IRA/401k with your ligit earnings...

on paper it'll look like you're a hard saver.

also, that cash will loose some value over time, go to a coin shop, buy some gold or silver bullion, (rare coins ONLY if you know what you are doing) although I heard the government is cracking down on private metal exchanges....

cash is cash, I never ever ever ever put cash into a bank account... I keep it off the grid and use it to make all my small (and private) purchases.

gl

cnote · May 11, 2007

if this is expendable cash that you are trying to keep out of the banks buy a good fireproof safe (500-1000 dollars) or a a bank safety deposit box....the govt can seize the safety deposit box if they needed to in the future...use this cash to buy everything in your daily life...gas, groceries, dinner etc...you can also buy some money orders (post office, grocery store) to pay your monthly payments on your car and mortgage..this way your whole paycheck is going into your bank account and you can invest it as you like...you may want to pay a few small bills with your bank account to show some transactions coming out of your bank account and not just going in...keep some cash around incase of a rainy day though..always nice to have a little set aside incase of a emergency

crunch99 · May 11, 2007

I would go to Vegas and play $500 a hand at Blackjack.

MistaFlava · May 11, 2007

X-Files said:
Put it all on the Pistons ML game 4.

uppy:

fhmesq44 · May 11, 2007

buddyboy said:
don't pay down your mortgage, you can deduct that interest on your taxes.

student loans are low interest, just keep making payments on them.

start using cash for all your day to day expenses (gas, food)

with your ligit paycheck you can now:

pay down your Credit Cards and High interest loans a little each month.

MAX OUT your IRA/401k with your ligit earnings...

on paper it'll look like you're a hard saver.

also, that cash will loose some value over time, go to a coin shop, buy some gold or silver bullion, (rare coins ONLY if you know what you are doing) although I heard the government is cracking down on private metal exchanges....

cash is cash, I never ever ever ever put cash into a bank account... I keep it off the grid and use it to make all my small (and private) purchases.

gl

Bingo

WorldNumberOne · May 11, 2007

send it to scott trade. set up a trading account .

let me manage it...

it will 60 grand by years end ..

WVU · May 11, 2007

send it to your credit card companies and write checks from those accounts to the accounts you are paying off. You can have a credit balance with your credit cards and write checks from them without running up more debt

CAPNCRUNCH · May 11, 2007

Lots of booze and hookers.........at least that's what I would do.......AGAIN!

RaoulDuke · May 11, 2007

Buy some more property in costa rica.

whalewager · May 11, 2007

30-40 K Is A Large Chunk Of Cash?

RupertPupkin · May 11, 2007

Lend it to Action ......:monsters-

djmatt · May 11, 2007

hey, I'm wondering whats scotttrade and some more info on that... are you a stockbroker or would u get a referal? I have that kinda cash and looking to invest

djmatt · May 11, 2007

well I see that scotttrade is an online brokerage.. could u show me any returns you had recently? I don't watch the market but have some in bonds and an IRA

winbet · May 11, 2007

Bollocks thread because obviously you have no cash. This is a Gambling Forum so there's Two options, either your a loser which the question matters not or your a sharp winner like myself and have bigger and better bets.

What did you think successful bettors done with their winnings. :thumbsup:

Doug · May 11, 2007

buy a tank and an airplane.

What would you do with large chunk of cash?

"Deserves got nothin to do with it"

New member

"Deserves got nothin to do with it"

fbi

New member

New member

New member

Rx. Veteran

Handicapping Machine

Woah, woah, Daddy's wrong, Mommy's right.

Self appointed RX World Champion Handicapper

New member

New member

Let's get down to brass tacks. How much for the ap

AIG Bonus Recipient

I say vee cut off your Chonson !!!!

New member

New member

Rx. Senior

Rx God

Forum statistics

Share this page