I have over 200k and dunno what to do with it. Any advice?

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 6 years ago '08        #1
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100dollarman 3 heat pts
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I have over 200k and dunno what to do with it. Any advice?
 

 
I just sold my place in Toronto and I came out with over 200k. I am 28 year old and I havenít started my family yet. Iím not looking to buy another place because Iíll never enjoy my old place. Do you guys have any advice?

24 comments for "I have over 200k and dunno what to do with it. Any advice?"

 6 years ago '06        #2
philly337 20 heat pts20
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Give it to me ill double it we split profit

But how much do you make at your job?

Was you paying a mortgage on your old place or was it paid off?

Are you looking ideas to start/buy a business?
 6 years ago '07        #3
castro 392 heat pts392
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invest homie
 6 years ago '08        #4
o7media 47 heat pts47
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Invest.

Stocks, land, businesses. But read up first
 6 years ago '07        #5
stogz 18 heat pts18
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where you live? On Lakeshore? Maple Leaf Square?
 6 years ago '08        #6
100dollarman 3 heat pts OP
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live in west end toronto
 6 years ago '08        #7
100dollarman 3 heat pts OP
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 philly337 said:
Give it to me ill double it we split profit

But how much do you make at your job?

Was you paying a mortgage on your old place or was it paid off?

Are you looking ideas to start/buy a business?


i make 45k a year plus i also have an business. i mortgage my old place. i'm not looking for another business, i just wanna get some easy money
 04-25-2012, 08:38 PM         #8
CS35 
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I call bs. You only make 45k yet you owned a 200k place and it was paid off at 28 yrs old. Something ain't adding up
 6 years ago '08        #9
100dollarman 3 heat pts OP
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 corys35 said:
I call bs. You only make 45k yet you owned a 200k place and it was paid off at 28 yrs old. Something ain't adding up
no reason to lie to any man in here. i'm not gay and not trying to impress any man in here and i also say plus i have an business.
 6 years ago '06        #10
philly337 20 heat pts20
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 100dollarman said:
i make 45k a year plus i also have an business. i mortgage my old place. i'm not looking for another business, i just wanna get some easy money
Well all depends what you're trying to do...

1. You can go buy a house for 200k and basically have barely no bills. On 45k a year the majority will go straight into ur pocket...the stresses of bills should never apply to you

2. Cash invest it in stocks/real estate/or a business but you risk losing it...need to do your research so you have the best chance at being successful
 6 years ago '08        #11
100dollarman 3 heat pts OP
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 philly337 said:
Well all depends what you're trying to do...

1. You can go buy a house for 200k and basically have barely no bills. On 45k a year the majority will go straight into ur pocket...the stresses of bills should never apply to you

2. Cash invest it in stocks/real estate/or a business but you risk losing it...need to do your research so you have the best chance at being successful
Thatís the problem; I have no time to research anything thatís why Iím asking for your opinion.
The lil free time I have, I like to watch and bet on basketball. It even worst now because the Nba playoff is about to start. This season not been treating me good with gambling
 6 years ago '11        #12
STRIVERS LIFE 26 heat pts26
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At that stage in the game you must have either some friends with similar ends or a financial advisor, preferably the latter. Off the top of the head I would say annuities would be a good long money game to get into.
 6 years ago '06        #13
Rique 60 heat pts60
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give it to me ill work magic. 200k is less than im used to working with tho
 6 years ago '12        #14
DreamChasers 87 heat pts87
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good for you 1, but invest into a new house! don't blow it all away.
 6 years ago '08        #15
moe356 1 heat pts
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in toronto 200K for a house is not enough...if i were you try and invest in a 100K condo or something that will get its value...or come down southern ontario and invest in some real estate...houses are flying
 6 years ago '09        #16
TriniSoldier 64 heat pts64
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real estate
 05-07-2012, 06:34 AM         #17
VigilanteSeason 
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Buy one of these goddesses

[pic - click to view]



and put the rest on red
 6 years ago '04        #18
YoungBankz 
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 VigilanteSeason said:
Buy one of these goddesses

[pic - click to view]



and put the rest on red
 6 years ago '04        #19
egotistical 1 heat pts
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I refuse to think that somebody who has 200k doesn't know what to do with it.
 6 years ago '05        #20
Shazam 33 heat pts33
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 egotistical said:
I refuse to think that somebody who has 200k doesn't know what to do with it.
there are people with hundreds of millions who don't know what to do with it
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