Since I'm still young, I definitely would invest it in stocks or do bonds because I mean you can make more dividends then worrying about your damn house payments right (yes I'm greedy lol), except bonds do take long to grow. Now, if I was say 22, I'd invest it in an IRA so I can have money when I retire...can't secure my financial future with social security especially when I retire. Now, say I was 40, I might buy the house but I most likely will not invest all 100,000 on the house. Gotta save some for the home decor lol.
If I had $100,000. I'd start by paying off all my debts so I can have a clean slate to work with. Then I'd put some money away and spend some on traveling and a new car. I don't think I'd want to buy a house though, at least not yet. I plan on living alone and the less space I have, the less I have to clean. ^_^ I'd be happy with a loft or townhome. I don't have to worry about when I retire because my parents took cared of that. If all fails and I need funding I can always pull it out from my life insurance (I've had it since I was about 8 years old).
- $5,000 (credit card)
- $23,000 (student loans)
- $20,000 (savings account)
- $10,000 (traveling for a few months in Europe, maybe backpacking)
$42,000 (new car, what's left from that goes to my checking)
Nothing much, I am satisfy with my life though I don't have much. I don't want to be naming stuff since that will never be true. Who would throw that much money down to my feet. LOL I must be dreaming. Lottery and gambling don't count. LOL
Clear all debts, which include Paying off students for sis. and I and after that down for a house; since the market is so good to buy. Than if there is still any left, travel the world for a month or two.
I would invest the majority of it (say $90,000) into some good stocks or, even better (since I can't really pick good companies for myself), I'd buy Class A shares of Berkshire-Hathaway (Buffet's company), which are sure to go up over the next 30 or so years...
I'll invest in the stock market and create businesses so the flow of money will be unlimited and I'll still find a job so I have multiple streams of income and then I'll also use it in order to migrate to another country with my whole family and travel the world. I also plan to get a master's or doctor's degree. I also plan to help the needy.