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Old 2009-02-22, 06:18 PM   #44
Kevin M
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Join Date: Sep 2003
Location: Reno
Posts: 9,445
 
Car: '93/'01 GF6, mostly red
Class: 19 FP
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Quote:
Originally Posted by GusGus91 View Post
I know you shouldn't spend it. But I already have a plan. I'm taking out $5,000 for the car, $15000 for starting my marriage. The other $250,000 is going into a 5 year locked account to let the money build from the interest.
With that much, you should seriously just buy a hose and keep enough in reserve to pay the property taxes. In 2-4 years, odds are you can rent it out for a profit if you decide you and your wife need or want a different house. Housing is an awfully good investment right now if you can essentially pay cash.
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