Suppose you just won $50,000.00 Scratch off

[whitetailfanatic]

Received $50,000.00 cashiers check, going to pay off my credit cards, and 1 large personal loan but not enough left over to pay off car or house completely , added $5,000.00 to 401k also,
what would you do with remaining $23,000.00?
Any serious ideas??

[CabezaBlanca]

I would put it towards the house.

[SCORPION KING]

i would put it towards the house.

^^^^
yeap

[GarGuy]

I would check the back and make sure it's not a prank ticket

[Greenheadless]

23,000 more scratch offs.

In all seriousness, that $50K scratch off is only going to worth about $20K - $23K after taxes.

[steve morton]

I'd pocket all of it, pretty much debt free. Merry Christmas Christmas to me!

[glen]

Max out this years Roth if you have not- put rest towards your highest interest loan and don’t go back in debt

[billfromtx]

Pay of the house. Blow the rest on hookers and blow!

[GA Bowhunter]

I have no debt so I'd chunk that 50k in the pile with the rest of the money.

[MUZZYSLINGR]

I would pay off some bills, then put the rest back in the IRA.




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[eastxhunter]

Buy as many tesla calls as possible

[Txhuntr2]

I have a good interest rate on my mortgage so I believe I could make more investing it than the mortgage costs me. I would keep it in cash and buy the next market dip. Probably an index fund or the SPY trust that tracks the SP500. Then, forget about the stocks until I retire.

[Tbone3636]

Tackle left over debt with highest interest rate first, but also need to think that the money put into your house you will see again most likely when you sell, the money you put towards a vehicle you may not see again depending on how much it depreciates before you sell it.


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[dosrobles]

Give some portion of what remains to a charity that didn’t support useless people. Take a guided trip you couldn’t otherwise afford or wouldn’t normally pay for. Experience is better than stuff

Africa
Argentina bird hunt
Alaska fly fishing trip
Bill fishing Costa Rica- do it up nice so the wife loves it too

[TA_Fab]

Pay off my truck then throw the rest towards the house.


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