You get 50k dollars tax free no catch what do you plan to do with it?
Straight to my mortgage principal. Because I’m dull like that.
Fuck yeah I’d probably do the same
I’d buy two sticks of RAM. I know I’ll have to use some of my own money but I think it’ll be worth it.
Pay off mortgage, not glamorous but it works.
wow even 50k is not a glamorous amount ? Or you mean to just use it on a mortgage ( surprisingly most people here pick that)
Not if you have a mortgage over 200 to 500 thousand Dollars because you bought a house on credit (which is how most people buy a house because that really is an amount, even the well-earning middle class needs decades to accumulate).
It’s nice, but not life-changing.It makes a dent, that’s easily more than 2500 a year in interests.
Yeah, definitely nice to have - but not glamorous or life-changing.
Buy enough solar and batteries to become energy independent for the rest of my life.
With that money i could build one myself from scratch
You’d only need a fraction if you DIY, which is definitely worth it to learn how to do so you can fix it yourself.
I do actually know how to build them from scratch i am a semiconductor and microeletronics PhD student ,unfortunately i don’t have the time or money to do it :(
I’d try to work out what the scam is as I work in sterling or euros usually.
You mean you’d be suspicious of that amount? In this case let’s say it’s not something shady what would you do with it?
Nope. I’d be trying to work out why I have USA funny Money being sent to me rather than a normal local currency.
In all seriousness (and ignoring the USdefaultism) I would pay off mortgage for myself and any family members and any remainder would go to a local chapter of https://menssheds.org.uk/ or similar organisation.
I’m impressed that 50K is enough to pay off not only your mortgage, but other family members as well.
It would be for my parents but not for myself. I would pay the last bit of theirs off and take a chunk of mine and try to get my brother out of rental.
Tbf am not from the US i picked that currency because most people here speak American English so i just went with it, It’s interesting how pretty much almost everyone went for the mortgage route
I am debt-free; I save it for when I need to replace my GPU.
Might want to save most of it for your next memory upgrade too.
Yeah, should really have gone for 128 GiB instead of just 64 in 2024. On the other hand, DDR5 RAM training really is uncomfortably slow. Always looks like it’s dead when there’s just a black screen for half a minute before the actual boot happens.
Down payment on a house
Put it in the investment account. (I do want to retire some day.)
Renovat my bathroom, install an air conditioning system, use the rest to pay the mortgage.
This thread is depressing.
probably give my 10 favorite people $5k. id do it anonymously too.
Straight into the investment account. It’s not nothing but I’m not strapped for cash, and 50K USD alone can’t do much where I live…
Pay like 1/20th of my mortgage off
Legit? 1 mil?
Housing prices are fk’d. Its getting better though
Bought our 14 acre farm 5 years ago for 225k ☺️
We also bought 5 years ago 😔
Slap in a bank account and feel a little more secure but still nowhere near being able to retire.
It’s crazy to think this is no where near that for some people
If you want a roof over your head, most places have property taxes of $3-4k per year even if you own it outright. If you want to ever leave your house a car costs about $5-10k per year. If you aren’t living on rice and beans food costs about $3-6k per year. This doesn’t include any clothing, taxes, medical expenses, hobbies, travel, or other bills like water, natural gas, electric, etc.
If you’re incredibly frugal and quality for public assistance, $50k might last you a few years in the US.
Key point here in the US, where i live 50k dollars is enough to be a rich investor +house +car + years of necessities
How relaxed or strict are your immigration laws? I paid $40 just to park my car for a few hours a few days ago.
If you’re american you can literally just drive down to mexico and nobody checks or cares
Oh uh am in what you call a third world country, it’s nice to visit but idk if you’d want to live here , also 40 dollars is what a regular person like me make in a month, it’s actually crazy to hear that you pay that just for parking parking costs like ~0.2$ to 0.39$ max
