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VToncologyNurse

Joined: 01/04/2005 Posts: 2441
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First, house upgrades: 1) new roof ; 2) renovate HVAC system ....


3) new garage door; 4) re-pave (long) driveway; 5) new windows; 6) consider new siding of a new color; 7) $25K devoted to kitchen remodel. All in all, that should suck up about $70K I am thinking.

Then:

** reasonably affordable AWD vehicles for all family drivers (that's 4 cars), so maybe 80K?
** $50K each (that's x3) to contribute to college savings (the rest is on them to work a job and save!)

So we're now up to $300K. Then:

$100K (10%) as a charitable tithe
$100K to a travel fund -- we've only got so much time left!
$100K reserved for future infrastructure upgrades (such as fancy gardens/landscaping, or maybe adapting the house to single level/ADA use).
$400K to general retirement fund.

(In response to this post by accfootballrules)

Posted: 09/01/2020 at 07:42AM


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Current Thread:
 
  Someone Handed you a MILLION Bucks and said Now Go Spend It... -- accfootballrules 09/01/2020 02:41AM
  Coeds & blow. ** -- MikeVT85 09/01/2020 4:16PM
  Invest it in hopes of retiring early. ** -- HokieNoVA 09/01/2020 10:57AM
  If I had to spend it all, like in the next week or so? -- hoosnowahokie 09/01/2020 09:32AM
  Buy a good multifamily property - Virginia not my area, but like this one -- HokieHutch 09/01/2020 08:44AM
  Invest and retire ** -- FfxStationHokie 09/01/2020 08:37AM
  Two chicks ** -- bigbadbird 09/01/2020 08:34AM
  Two chicks at the same time? -- Hokie CPA 09/01/2020 08:34AM
  I would add it to my current portfolio, and feel just a slight bit better -- VRJNYTK 09/01/2020 08:15AM
  I'd invest half of it in low risk mutual funds, and take the other half -- typed by ben 09/01/2020 08:04AM
  Ahh, invest with a Bernie Madoff disciple...lol ** -- EDGEMAN 09/01/2020 08:49AM
  Well, it does involve skimming a bit off the top -- typed by ben 09/01/2020 09:37AM
  My choice. (pic) -- Spud 09/01/2020 08:03AM
  I would use some of it to pay off bills, establish a college fund -- VTHokie2000 09/01/2020 08:00AM
  Ha...nice pull on Brewster's millions. -- vthokieq 09/01/2020 08:06AM
  Easy. I would retire now. ** -- vt90 09/01/2020 07:55AM
  And live on $25,000 per year or spend $100K per year for 10 years or so? ** -- UTPr0sim 09/01/2020 08:28AM
  Buy an investment property and live off the income -- Baltimore Hokie 09/01/2020 08:48AM
  No way you'll get 10% net return on residential ** -- 133743Hokie 09/01/2020 09:28AM
  Make sure it's fully insured -- EDGEMAN 09/01/2020 08:50AM
  Especially if investing in Baltimore! ** -- Hokie CPA 09/01/2020 09:01AM
  Not quite. I am pushing 54 with 33 years of savings from a dual income ... -- vt90 09/01/2020 08:36AM
  Invest 100% to turn it into $2M in a few years, then $4M, then 8, 16, 32... ** -- EDGEMAN 09/01/2020 07:42AM
  You could go to Vegas and put it all on Red.... ** -- UTPr0sim 09/01/2020 07:45AM
  No green! Mo $$$$ ** -- HOKIE 09/01/2020 08:00AM
  I thought this was the gambling rule of thumb? -- VTHokie2000 09/01/2020 07:57AM
  First, house upgrades: 1) new roof ; 2) renovate HVAC system .... -- VToncologyNurse 09/01/2020 07:42AM
  Do you think $1Million is a lot of money? Curious. It just doesn't go real -- UTPr0sim 09/01/2020 07:41AM
  Get off my lawn! ** -- NWHokie 09/01/2020 09:40AM
  It's a lot of money if we are talking what fun or productive things do you -- Tafkam Hokie 09/01/2020 08:40AM
  It’s still a good amount of money lol just depends on how u go about -- accfootballrules 09/01/2020 08:10AM
  I hope that’s my next truck. -- DownSouthHokieGA 09/01/2020 08:04AM
  Hookers and blow ** -- turkeywinghokie 09/01/2020 07:07AM
  Blue horseshoe loves anacot steel... ** -- ColoVT82 09/01/2020 06:50AM

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