Some one gives you a large sum of money say 150k what would you do with it? We where talking about this at work so I thought I'd ask you lot

 

at the min buy a house, def a good investment for the future

 

Speak to Matteeboy.

 

+1. Stick in in bricks and mortar.

 

Yeah - buy a property and rent it out.

7% is the minimum return you should expect.

But, it depends on your age and financial position.

 

I would treat the poor people on Scoobynet to some decent winter tyres

 

 

£150,000. Hmm, I'd pay my mortgage off in one lump sum and buy a small house with the change. Then rent it out to make me a nice neat egg in rent.

That way my wages are spent doing my property up and my other property is already paid off simultaneously.

 

Pay off the mortgage and then determine the viability of doing a four day week (or less). Mortgage is currently my biggest monthly outlay.

 

I'm surprise no one has said cars and holidays most of the lads at work where torn between paying mortgages off and blowing some the funnies one was one lad said he would leave and not have to work !

 

At least £100K would go off the mortgage. Probably a bit more.
I'd upgrade my track car from a Clio 172 to a Megane R26R. (16k)
Buy some clothes, treat the wife.
That would be it
Apart from giving a bit to family members

 

Pay off mortgage, 2.35 and 6 speed for my wagon, then take the missus out for a hamburger!

 

Paye off the mortgage and go on holiday.

 

Beer, hookers and squander the rest.

 

Damn...ya beat me to it

 

Last thing I would do is pay off the mortgage. Offset it maybe, but not pay it off.

 

£100k towards mortgage, £5k holiday, £35k worth of cars and £10k in the bank to spend as/when I please.

 

I'd buy 6 buy to let houses at around £70-80k with 75% mortgages and stick the rest in the bank.

£1800 per month profit on the rentals, lovely jubbly

 

I would say nowt to wor lass go straight to the casino and double it or die, then I'd wake up the next day with nothing but a hangover, tell wor lass, pack my bags and move back to my old mans!

Mick

 

I'd put £130 on the house and blow £20k on holidays and stupid stuff

 

Audi R8. Fully Tricked out. I'd find the extra £20k from somewhere.

 

Incidentally, £150k isn't that much money in reallity.

I can tell you for sure one thing - when you have that amount it is a right royal pain in the *** .......... do you keep it?, where?, spend it?, save it for latter years?, it isn't as easy as you may think!

 

Tell me about it old boy! One quickly runs out of banks to deposit the wretched stuff

 

 

It's getting very tough ..... just £85,000 in each Institution - you do run out of Banks quickly when trying to get a good rate but still spreading the risk

I was happier when I was poor .......... well, at least I didn't have to worry about losing anything as I had nothing!

 

Youre quite right there . its not that much really. theres so much i want or need id need double that,

 

Bricks and mortar, cheap now so get in, just finished doing a house up, could make at least 18K but putting my lad in it so might move on to project No2

 

Deposits for three more BTLs

 

I am sure the HMRC would want some of it.

 

3? i'd get 6 here in Manchester with £150k and still have change