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Info Seeker
Posts: 2
Registered: ‎02-26-2009

Re: What would you do with a sudden windfall of money?

Message 681 of 691 (1,484 Views)

First, I would sit on it and let it sink in for a short while. Then, I would stay quiet; and afterwards, I would pay my tithes. This is first and foremost. I would pay off every last bill I owed. I would buy a house, pay cash, build my studio for voiceovers, and then, help every one of my 5 children. Help them, not support them. Afterwards, I would consult a financial advisor in order to manage my money throughout my years. I would never quit working, and I would definitely live like a pauper. I wouldn't want anyone to know that I came into a very large windfall.

Super Social Butterfly
Posts: 567
Registered: ‎07-23-2010

Re: What would you do with a sudden windfall of money?

Message 682 of 691 (1,484 Views)

I still can't decide what to do with mine and I can't recall where I buried it.

Posts: 14
Topics: 1
Kudos: 7
Registered: ‎10-07-2011

Re: What would you do with a sudden windfall of money?

Message 683 of 691 (1,484 Views)

I would save some for future expenses and use some to take our first vacation in 9 years. Also depending on the amount, it would be nice to be able to get my husband a pickup truck. He's missed having a truck since we gave our old one to our son. Says we need a truck for firewood, hauling stuff, mulch etc. 

 

Info Seeker
Posts: 1
Registered: ‎08-20-2013

Re: What would you do with a sudden windfall of money?

Message 684 of 691 (1,483 Views)

I would buy a home for me, my grandson, my granddaughter, and three daughters. We have all hit hard times in the last 5 years and we all deserve a break.  

Info Seeker
Posts: 1
Registered: ‎04-07-2016

Re: What would you do with a sudden windfall of money?

Message 685 of 691 (1,484 Views)

Raised by low income working class parents , I am fortunate enough to consider myself a middle class blue collar worker. I have never experienced a windfalll of money, but if I were to have that happen to me, I would pay off all debt first, donate to a favorite charity and put the rest into my retirement fund .

Conversationalist
Posts: 8
Registered: ‎07-27-2013

Re: What would you do with a sudden windfall of money?

Message 686 of 691 (1,484 Views)

The first 10% would go to my church. Then I would purchase new homes for both of my step children with enough additional money to pay taxes for 5 years. Then I would travel, travel, travel as long as I could.  It would have to be a very large windfall. 

Info Seeker
Posts: 5
Registered: ‎04-10-2015

Re: What would you do with a sudden windfall of money?

Message 687 of 691 (1,487 Views)
I invested it with someone I trusted and am now getting some every month to help me with my living expenses. I am a widow and only get $1300 a month from SS. Sure can't live off of that. I am so thankful that I did get some money to help me now that I am alone.
Conversationalist
Posts: 8
Registered: ‎02-28-2014

Re: What would you do with a sudden windfall of money?

Message 688 of 691 (1,487 Views)

I'd do what I'm doing now, but more so. I have an agency in Nepal to help our village and people to recover from the earthquakes and have a better life. But it would be a lot more fun if I didn't have to worry about not being able to complete something we started.

 

We have no money so we do book drives, host volunteers in our guest house, plant trees, care for the street dogs, after school homework center, computer class and a woman's support group for the women in our village.

 

When the earthquakes came a guest who was staying with us found herself outside with the rest of us and pulled some massage cream out of her bag. The old ladies all got in line to have that magic cream applied to where it hurt. That's when I realized how badly the Nepali women ache. If I had unlimited money I'd build a physical therapy center in our village, Changunarayan. Then I'd install a big hot tub and take all the old ladies pictures the first time they get into the tub and feel those wonderful hot jets of water massage their tired bodies. Well, no physical therapy center, but we bought some back support corsets for them when they go out to plant or harvest.

Info Seeker
Posts: 2
Registered: ‎11-17-2011

Re: What would you do with a sudden windfall of money?

Message 689 of 691 (1,476 Views)

Currently I'm looking for a place to stay. So I would have to say....get me a new home and a better car.  I had a stroke last year, my job ended this May 2016, finances have been so tough for me. I would use the money to take better care of myself!!!

Info Seeker
Posts: 2
Registered: ‎04-09-2016

Re: What would you do with a sudden windfall of money?

Message 690 of 691 (1,466 Views)

This recently happend to me - not much, but more than I've ever had, having been a working girl all my life. I still work part time and collect SS, so I am able to pay my bills and live fairly comfortably, so I consulted a friend of mine who is a financial planner to see what she would advise. She asked what my goals were and I said I wanted to leave an inheritance for my kids and grandkids. She then asked about my family and what it came down to was that there was really only one grandchild I was concerned about. The other kids are in good financial shape and two have no kids. She then gave me advice I NEVER would have expected a financial planner to give. She said legacies come in all colors and don't necessarily have to be money or jewelry or property. She encouraged me to use part of the money NOW to broaden this child's horizons, to show her there is more for her than finding a boy and escaping her home l life - send her to summer camp, take day trips with her to museums or other places of interest, take her to plays, get her lessons in something she is interested in .... When she said this it was like a light went on. I can make much more of a lasting impact this way. Brilliant!!!