If you won a $100,000 (hundred thousand dollars) what would you do with it?

a million dollars at paris casino - a million dollars. can be seen at paris casino in vegas strip.
United States
April 27, 2008 12:43pm CST
If i won that amount of money.... i'll pay off all my credit cards and pay off my car. i'll buy a house but only pay a downpayment on it coz i dont think it'll be enough to buy a house hehehe... i'll pay a lawyer to get my kids out here in the states. i'll buy a ticket tp the philippines and spend a month vacation....of course thats if my company allows me to. im only gonna spend $50,000 and save up half of it. i wont quit my job coz its just a hundred grand. i will quit my job if its a million...but then thats a diffrent discussion hehehehe. so what will you do with it and details please.
16 people like this
67 responses
@nowment (1758)
• United States
27 Apr 08
The first 20k would be spent on necessary bills, debts, then I would want to invest part and save part. But with high interest type of savings,
1 person likes this
@nowment (1758)
• United States
27 Apr 08
I was still typing, and must have hit something on puter cause it posted before I could finish. Some of the most immediate debts would be to get bills caught up that is for those that may be behind. I think I would want to get car running well. I would then find out more on various business' and what would be needed for small business loan since if you have a chunk of money in the bank you can get a loan but if you don't have money in the bank you can't. I am not sure what I would do for a business I would first want to know what would be the best in current circumstances and what would also have best for future potential. Some ideas might be some kind of established chain, ie, store like wawa, or something like that, though it is not what I would prefer, I would prefer to have a book store, but I know from having worked in and managed book store in the past that when money gets tight that money spent on this is considered a luxury and tend to go down in business. I know of a great idea for the area for a store that can do well and who should manage it to make it potentially long term profitable, but as it is dealing with auto parts, lol would have to rethink that with the current gas prices. SO I think that banking most of it, would be best, til I researched the best way to invest it so it can make money for me, and then with a certain amount set aside for a nice worry free vacation, In the current economy 100,000 is not really that much money. Once the money started making money I would then get some work done on the house. Remodeling etc.
2 people like this
• United States
27 Apr 08
yeah i totally agree...getting into a business that you havent done a research first might just end up closing it... thats really wise thinking it first how to spend that kind of money and putting it in the bank is probably the safest and gaining interest while you research the best business for u.
@paid2write (5204)
27 Apr 08
I will never win that much because I don't gamble or do the lottery, but I suppose I can think what I would do with that amount of money. Sadly it is true that it will not go a long way with the price of things today. It would help me a lot in paying all my future bills and it would give me some financial security. I would invest half in a high savings account and use the rest to try and make more money. I think I would start my own business with it.
• United States
4 May 08
thank you for posting....
@blackbriar (9095)
• United States
27 Apr 08
I would pay off my mortgage. If any is left over, will open a IRA for hubby and I. Then we can live comfortably. The mortgage is what is killing us right now. That and the price of everything going up but our paychecks.
• United States
28 Apr 08
Very close..Individual Retirement Account.
• United States
30 Apr 08
so thats like your own pension? does it earn interest? how are you gonna claim it in the end?
• United States
30 Apr 08
Yes it earns interest and when you reach retirement age, you can draw on the interest only or the whole amount w/o being taxed.
@acbllr (43)
• Philippines
26 Oct 08
if ever i'll have the opportunity with that lot of money...i will also pay off all my IOU's (cards and personal debt)around $5000, vacation (ASIAN tour and Philippine Tour) with my sis @ $10,0000, a car (for my dad so that he can visit places he wants to go to...coz he is a stroke patient and cannot do his usual routine)which can cost up to @15,000, build a house (simple living coz i already have a lot to build the house and the cost can be accomodated since i am in the philippines)for $25,000 and the rest will be save on the bank....
• United States
27 Oct 08
wow you got the all planned out hehehe....in this state that we are all in...winning a jackpot money would be lovely...
@acbllr (43)
• Philippines
7 Jul 13
@joimarquez - estimates not so bad. lol. I just don't know if it will be the same right now. The saddest part of my dream is that my dad is no longer with us.
@saundyl (9698)
• Canada
1 May 08
I'd pay off student loans and utilities bills. I'd make necessary repairs (tires and windshield) to my car. I'd get laser eye surgery IF i was a viable patient to get it. I'd see about putting a down payment on a house if i could find one that suited my likes/dislikes. I'd buy some stocks and bonds and well I'd save the rest.
• United States
2 May 08
stocks and bonds are a very good investements...do you know how i can buy stocks?
@saundyl (9698)
• Canada
2 May 08
not a clue...If i was going to go buy some I'd go talk to a bank and see where they said to go.
• United States
28 Apr 08
Pay off our student loans (yes almost 100K worth) and breathe a HUGE sigh of relief.
• United States
29 Apr 08
wow thats a lot of money. are you taking a medical course? just curious.
1 person likes this
• United States
29 Apr 08
Yes, I have a master's degree and am doing post-graduate coursework, and my husband is in Anesthesia school. If I can't find a decent job soon, despite working on this certification, we'll have to take out more loans! ACK!
@clouds0327 (1390)
• Philippines
16 Nov 10
A hundred thousand dollars is a big amount of money in our country... I'll give the half to my mother, siblings and in laws.. The other half to me and my family. We are going to buy our own house, our own car and business. Then I'll save the rest in a bank.
• United States
18 Dec 10
how much is a $100,000 in your country? im just curious.
@Gladys22 (416)
• Philippines
5 Apr 09
if you were ask me If i won that. Im lucky for that. It helps alot not only me but also to my family. there's some would i want to do If i won it. 1. the 10 percent i donate it to the many foundation which helps our People. 2. 50 percent for my Family and built it for Business which is we can hired a lot of people to work there. 3. 10 percent to my auntie and uncle and so on. 4. 10 percent to buy new houses, lots, things, Foods, Shelter etc. 5. 20 percent saved on banks. Happymy lotting.
• United States
14 Nov 10
wow thats pretty generous, i wish i was one of your relatives lol.
@agrim94 (3809)
• India
31 Mar 09
100,000$ i have never seen this much money in my life but if i had this much i would invest this money and would like to have fun , enjoy the money or run the house with the interest i would get on this money. I would go to vacations or buy few things .. right now we have bank interest of about 10% on fixed deposits in govt banks which are 100% safe so that would be `10,000 a year which would be extra income and can be used for fun while still keeping 100,000 in bank .
• United States
14 Nov 10
10% interest wow thats a lot, what bank is that? the biggest i've seen over here (u.s) is 1.39% per year.
@ronaldinu (12456)
• Malta
26 Oct 08
I would pay my mortage and my credit cards. I hope that I have something remaining to go abroad and travel to places which I did not have the chance to visit. I would try to think of those who are in need and help local charities. © ronaldinu 2008
• United States
14 Nov 10
yeah if you spend this 100g here in the states, only thing people can do with it is buy or pay half of the mortgage and pay credit card bills. i should up the money value on this discussion lol.
@julyteen (13265)
• Davao, Philippines
1 May 08
if i won tomorrow you will not find me here. LOL. first, i will pay off all my debts because i am rich now but in debts. second, spend a couple of day vacation (domestic only) third, give percentage to the orphanage. 4th, i will give a little amount share to my family members. fourth, i will start a good business. Last, the remaining i will save it for the future.
• United States
1 May 08
dollar bill - a hundred dollar bill. money
hehehehehe silly.... i bet you'll miss mylot after a couple of days and you come back and tell everybody you won hehehehehee
@bdkiller (202)
• United States
30 Apr 08
if i won a hundred grand. i will give half of it to my girlfriend. we will visit her family in the philippines and invest some of the money on a business.
• United States
1 May 08
wow thats really sweet. lucky gurl....hehehehe
• Philippines
29 Apr 08
if i will have that amount of money, i will build my own business, i'm gonna put up a business so that my money will circulate. and if there is some excess, i'll by my own house, and i'll buy my own car... just simple as that...
• United States
30 Apr 08
thats a good way to spend it. very wise. good job!
1 person likes this
@Modestah (11195)
• United States
29 Apr 08
100,000 would be the perfect amount for us to win (after taxes, heh) should we win any sort of financial boon! $100000 would pay off our debt and our home and leave us a little pocket change to make needed repairs.
• United States
30 Apr 08
wow that's big. how are you holding on so far? is it hard trying to pay it off? i hope you do win that amount so you pay it all off.
1 person likes this
@whiteheron (4223)
• United States
29 Apr 08
I would first pay all past bills, pay rent ahead for two months, get medical and dental care that I have not been able to afford or to obtain as I do not have insurance, purchase a new refrigerator, get the car fixed better, pay people back who helped me earlier when I was struggling, get some books published, record a few songs, give to charities, invest in some retirement plan, purchase insurance.
• United States
12 May 08
thank you for posting
@suspenseful (40331)
• Canada
29 Apr 08
If I won that amount, I would have the house fixed up or moved to a more warmer location. I cannot stand the winters here. I would invest some. It would not be enough to buy a house. Here a decent one costs at least $250,000. I would also get a better printer, a new computer. a laptop, more clothes, and travel. Actually we would, since my husband will be coming too.
• United States
29 Apr 08
$250,000 wow thats expensive..... well, ive checked on the what house we can all buy in a 100,000 and will still be able to pay bills and buy a used car. we can buy a mobile home hehehe. i think it'll be practical and its just around 30 to 45 thousand.
1 person likes this
• Pakistan
28 Apr 08
I will buy a small house in London and will start a small business there. Then i will marry with my lover. And will bring her to London and we will live together. I want to spend a peacefull life and want to see English Premier League match at every weekend with my lover. I also want to travel around the world with her. This is my dream. Thanks
• United States
29 Apr 08
you are gonna spend the 100,000 dollars in london.... wouldnt that be smaller in london though....coz if you convert the hundred grand to london money then it'll be just around 30,000 pounds. will you be able to buy a house with 300K pounds?
1 person likes this
@britta84 (10)
• United States
28 Apr 08
i WOULD PAY OFF ALL MY DEBTS, BUY A NEW CAR, AND MAYBE EVEN INVEST SOME OF MY MONEY INTO SOME STOCKS OR SOMETHING.......OH YEAH AND BUY A SMALL HOUSE TO START OUT. I AGREE ABOUT THE JOB THING, ITS WOULDNT BE WORTH IT TO QUIT WHEN $100,000 WONT LAST THAT LONG. HECK I THINK I WOULD STILL WORK OF I WON A COUPLE MILLION.
• United States
29 Apr 08
that seems to be a smart way of spending the money. well if i did won a couple of million or lets just say just a million dollars, i would definitely quit my job and just go back to the philippines and have that money sit on the bank. a million dollars is already 40 million pesos, so even if i had 30 million pesos sitting in the bank i could already be the paris hilton in the philippines hehehehe party and shopping anywhere. a little advise though.....dont use caps lock on this site coz they'll delete you posts, it'll affect your earnings.
1 person likes this
@YoungInLove (1255)
• Canada
28 Apr 08
If i won that amount of money id put some away to buy a decent car. Pay off my first year of college atleast. Give money to my parents that i owe them and pay that off. Use a little bit to spend on things i want and presents for my family. And then save the rest and let the interest build up in a bank account and keep working to many even more money
• New Zealand
29 Apr 08
Hey there I would go for a trip around the world but also put some in the bank
@gkthegr8 (164)
• India
28 Apr 08
I shall keep a dollar for myself for the luck and donate the rest to the poor and needy..
• United States
28 Apr 08
are you for real? at these times where prices all gone up, i dont think thats practical. I guess youre rich...hehehe donate it to me heheheh.