What Should I Do With A $100,000 Inheritance?

Рет қаралды 18,099

Күн бұрын

Пікірлер: 47

@Thomas-po4ex Жыл бұрын

All I can say is be slow, careful, and methodical. At 18 I inherited roughly $100K. In just over three years all the money was gone. Also, I got used to my over inflated lifestyle so I struggled to cutback on expenses and graduated my 4 year college degree with $35K in debt. $25K in student loans and $10K in credit card debt. I learned my lesson but still missed out on a great opportunity to grow my wealth. Now at 25, I am taking steps to recover and am saving for my future.

@eedre4864 Жыл бұрын

I wouldn’t spend anything that isn’t base level income unless I needed it to get rid of high interest debt. It’s not enough to change your life otherwise. It is enough to get yourself into trouble. Invest a sum like that and pretend it doesn’t exist.

@Natalieneptune469 Жыл бұрын

I want to invest $400k in profit-yielding dividend shares but am not sure which to buy into because dividend-paying stocks don't give rapid price growth and can provide a steady income stream.

@viewfromthehighchairr Жыл бұрын

Just because there are opportunities in the market doesn’t mean you should go in blindly. To understand the potential factors that contribute to your financial growth, I'll advise you to seek the help of a professional.

@Alejandracamacho357 Жыл бұрын

How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?

@Alejandracamacho357 Жыл бұрын

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

@tonylarose4842 Жыл бұрын

Down payment on maybe a 200-300k house makes a lot of sense. Would make it an incredibly cheap housing cost.

@kevinschultz6091 Жыл бұрын

Yeah, I put 40% down on my current condo, just so I would get a cheap monthly downpayment. I know it's not the most optimal thing to do, but I'm self-conscious over the fact that I'm pretty much at peak income for my profession, and anything I do from here to retirement is probably going to be downhill. ...and there's a good chance I'll be retiring early, so I wanted to have a monthly payment that, worse comes to worst, I could have in retirement and not be unduly burdened by it. (Also, in that scenario, it's a variation of "paying your mortgage off early").

@Ryan-wx1bi Жыл бұрын

Go to the casino and put it all on red baby.

@rogerskillin8385 3 ай бұрын

No, put it on black!

@sd0753 Жыл бұрын

I'm not sure what his salary is but if he added this to his retirement account he would have 200k total for retirement. If it grows at 8% for 30 years he'll have over $2mil. Depending on his goals, this lump sum could mean he doesnt have to save for retirement anymore.

@michaelbroadwell1264 Жыл бұрын

Can't add that much to a tax sheltered account in a single year, would quite a few, but I see your point

@jacksonbilly9979 Жыл бұрын

I know this isn’t financial but you I think it would be a good episode it for you and Bo to talk about the late and great Jim Rohn. I’ve learned a lot just from listening to his old videos

@Zorlig Жыл бұрын

This one's easy, inheritance almost always goes right into taxable investment accounts, preferably in it's own account separate forever. You want to build a down payment post marriage, you have a responsibility to keep inheritance protected from divorce.

@mikesurel5040 Жыл бұрын

I think Bo's question at 0:48 needs more awareness, even in the context of the FOO. I have rarely been in the position to max out retirement accounts and, for what I want, I wish I had done essentially a 50/50 split between retirement and taxable brokerage accounts. I think 25%+ savings rate and getting that employer match are both key, along with managing your debt. After that, look at what you want and allocate your funds accordingly. Love it

@Gman2002 Жыл бұрын

1. Fund 3-6months for emergency fund in high yield savings 2. Dump 20% in a S&P 500 index fund 3. Pay down any bills minus mortgage 4. Down payment on house 5. Enjoy the rest

@KR-xv3ko 2 ай бұрын

What 3rd world country do you think he lives in? The median home price in the US is almost $500k, and that’s not in HCOL areas. 20% downpayment on a home is 100% of his inheritance. You expect him to put money in a bank, invest it, put a down payment on a home AND have a remainder to play with? Boomer shrooms. Love, Gen X

@russellstewart9012 Жыл бұрын

Hey money guys. How do I get a question up to be asked?

@fulscribblz Жыл бұрын

During the live stream, you can ask questions in the chat. The producers read through the questions and select some for the q&a segment.

@Himmiefan Жыл бұрын

I inherited about 200 K, which is still less than an investment firm will handle, so I put several thousand into a Fidelity S&P fund, and the rest I’m going to move to a high yield savings account.

@Beadgcfb 5 ай бұрын

I've always believed in 'never spend a windfall. '

@RealAverageMan 6 ай бұрын

Put in stock market (20%) 100k Save (10%) for emergency 50k Down payment on home ~100k Get college or start a fund ~50k Pay off all debt but home (5%) Take vacation, have lil fun (5%) 50k setup in a trust for legal/tax Use ~100k capital start business

@MasterKenfucius Жыл бұрын

Even the decision to put $100K down on a house depends highly on the real estate market. Right now? NOOOO... They are way overpriced and interest rates are crazy high. At a time when houses are being almost given away and it's easy to pay for them? Heck yeah.