What would you do with $500,000?

Discussion in 'Fred's Barcalounge' started by blueruins, Aug 12, 2019.

  1. blueruins

    blueruins Country Gent

    May 28, 2013
    Savannah, GA
    Just curious. It’s not enough to make you rich but more than enough to change things.

    $500,000 in one lump sum, cash, after taxes, no strings.
     
    Merc likes this.
  2. dmunson

    dmunson Gretschie

    137
    Dec 19, 2015
    Charlotte, NC
    1. Pay off everybody I owe (house, cars, credit cards)
    2. Find a reliable investment firm.
    3. Be smart with what's left.
     
  3. Bertotti

    Bertotti Country Gent

    Jul 20, 2017
    South Dakota
    Pay off everything, Invest save some, plan for kids collage, invest some more, play with a bit if anything was left over like a new Moonshine amp, a Custom Shop Martin and Gretsch. Fun to dream.
     
    blueruins likes this.
  4. Merc

    Merc Country Gent

    May 6, 2017
    Florida
    That’s awfully kind of you. PM me for how you’d like to transfer. I’ll gladly fill you in after I receive said deposit. ;)
     
  5. blueruins

    blueruins Country Gent

    May 28, 2013
    Savannah, GA
    That’s going to be an epic collage!;)
     
  6. wilblee

    wilblee Synchromatic

    944
    May 23, 2013
    TX Hill Country
    Buy adjoining acreage.
     
    Ricochet and blueruins like this.
  7. dlew919

    dlew919 Synchromatic

    540
    Jul 18, 2016
    Sydney, Australia
    That would cover most of my mortgage. I’d pay off all credit cards and the mortgage leaving me with a small debt.

    I’d then travel.


    Sent from my iPhone using Tapatalk
     
    blueruins likes this.
  8. Bertotti

    Bertotti Country Gent

    Jul 20, 2017
    South Dakota
    Have you seen the cost of school in this day and age! It is insane, even as a resident I think if they pursue an advanced degree it will be incredibly expensive. I am already working on them to pick a useful goal not just some esoteric crap they can't get a job with. But if I had the money what a wall of amps and cabs I would have. @TV the Wired Turtle would probably have a heart attack when I sent in an order for all of his amps! hahaha still fun to dream!
     
    blueruins likes this.
  9. blueruins

    blueruins Country Gent

    May 28, 2013
    Savannah, GA
    Transfer half to Tavo ha!
     
    dlew919 likes this.
  10. MTurner

    MTurner Friend of Fred

    Age:
    63
    Aug 17, 2010
    Clayton, North Carolina, USA
    1. Tithe.
    2. Pay off the mortgage (not too tough - there's not much left).
    3. Fully fund daughter #2's college.
    4. Stick most of the rest into savings.
    5. Leave out a little for fun stuff like whatever the wife wants, guitars, amps, trips, etc.
     
    LongJohn, Junior94, Aaron1061 and 6 others like this.
  11. audept

    audept Senior Gretsch-Talker

    Age:
    71
    Dec 1, 2010
    Sydney, Australia
    Pay off my mortgage, my car and my credit card. Probably be able to afford a burger with the leftover funds.
     
  12. T Bone

    T Bone Country Gent

    Pay off house, credit cards, new car, and a new guitar or two. Maybe a watch or two. Invest some for upcoming retirement. And travel. Maybe take a trip to go see Bertotti's kids collage (I presume they made it while they were at college ;)).
     
    Bertotti and blueruins like this.
  13. wabash slim

    wabash slim Friend of Fred

    Age:
    69
    Feb 10, 2010
    lafayette in
    Pay the hospital bills coz I'd likely have a heart attack if I won a half a mil.

    With the rest, I'd buy a beer.
     
  14. MichaelHargis

    MichaelHargis Gretschie

    154
    Apr 2, 2017
    Tucson, Az
    The 1st thing I would do is buy a 1955 Gibson and give it to a guy so he doesn't sell the gal he really loves. Then...........Well we'll just keep going down that road.
     
    mbkri and blueruins like this.
  15. new6659

    new6659 Gretschie

    474
    Dec 10, 2018
    Southwestern Ontario
    More and more I find myself thinking that I don't really need anything new anymore. But then again, if Cadillac still made Sedan De Villes like they did 45 years ago...;)
     
    SWoody and blueruins like this.
  16. Uncle Daddy

    Uncle Daddy Friend of Fred

    Jan 19, 2012
    Maldon UK
    I'd put it with the other 500,000 I already have in the bank.

    Pennies, that is.
     
    blueruins likes this.
  17. Synchro

    Synchro The artist formerly known as: Synchro Staff Member

    Jun 2, 2008
    Tucson
    Admin Post
    I’d gather my guitars, my Siamese and a few significant possessions, find a quiet spot with favorable weather and watch Arizona disappear in my rear view mirror.
     
  18. Ricochet

    Ricochet I Bleed Orange

    Nov 13, 2009
    Monkey Island
    500K US would make me a Kazillionair over here...but ok, I’ll play.

    Upgrade the house and/or location. Maybe a new wardrobe. I just threw out some 20 yo Ts...:)

    Set aside part for the kids and invest for them. Enough to get them to Uni and/or throw a wedding party. Maybe set up a small business venture for my wife.

    And my little fantasy. Set up a no profit foundation to promote guitar music. First part of the plan entices shipping the entire content of the man cave to another continent and starting a “guitar library”. After you show any promise you can borrow an instrument from the Ricochet catalogue. If it takes off maybe add other instruments. Offer lessons, workshops, open a recording studio, luthier courses. Who knows.

    All that for 500K? Why yes, yes I can.
     
    new6659, blueruins and audept like this.
  19. G5422T

    G5422T Synchromatic

    629
    May 24, 2012
    usa
    Probably piss it away like I've always done.
     
  20. calebaaron666

    calebaaron666 Country Gent

    Aug 15, 2018
    Portland, Maine
    Pay off what little debt I have.

    Buy a 67 Olds Cutlass in cherry shape.

    Take a leave of absence from my job, and take my Gal and my dog on a long thrifty road trip thru the USA.

    Buy a 1958 Gretsch 6120
    Buy a 59 White Falcon

    Buy my Mom a house.
    Buy us a house.

    Try and do that thing people with money do, ya know, when they turn money into more money?
     
    wildeman, G5422T and blueruins like this.
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