It would depend on a lot of other factors... do you have a steady job? Do you have debt? Do you have any future obligations coming due in the near future, etc.
Google for Harry Browne's Permanant Portfolio and that is a good place to start.
It would depend on a lot of other factors... do you have a steady job? Do you have debt? Do you have any future obligations coming due in the near future, etc.
Google for Harry Browne's Permanant Portfolio and that is a good place to start.
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I would invest it in different places . Tools that never go obsolete and are highly sought after, maybe a rifle, some pre 1960s minted u.s. coins and just spend it .Id probably spend it on something like obtaining a very rare but in demand trade skill and the tools to do that trade .Originally Posted by botounami
..this is the darkest timeline..It was too weird to live, and too rare to die - hunter s. thompson .
I'd buy a $20,000 diamond ring and marry a doctor.
Seriously, keep it in cash for emergencies. Your next dollar would be a good fit for Vanguard's Total Stock Market Index.
Last edited by Jordan; 11-07-2012 at 04:05 PM.
6.5k pole barn
5k solar panels and batteries
2.5k 4x triaxle loads firewood logs
2k backhoe upgrades
1k remaining parts for diesel swap on truck
1k Quaife LSD for my 50 mpg TDI
1k Mason jar, under grade.
1k Home Depot Tool department
Last edited by presence; 11-07-2012 at 05:02 PM.
It does not require a majority to prevail,
but rather an irate, tireless minority keen
to set brush fires in peoples minds
Revolution is Action upon Revelation
Got crypto? 64% Bitcoin gain in the past 48 hours since 4/17/13. 26% in the last 6 hours alone.
pay off debt(s)
Currently has:
$5,521 Federal Reserve Notes in circulation stamped "NOT BACKED BY GOLD"
- SUPPORT FREE TRADE, SMUGGLE -
2 + 2 = 5.
When I say minimum wage job I don't necessarily mean I'd actually earn minimum wage, I just meant a low paying job that can be easily found around the city. Obviously if I could get a better job I would, but the low paying one is the starting point to get going. I made an excel spreadsheet and estimated that someone could put anywhere from $5000 to $7000 a year into a savings account while making $14000 a year if they lived frugally and didn't have a car and mortgage and huge electric/gas/plumbing bills. The idea is to take care of all of the necessities in life before taking any risks.
No more IRS.
I am now old enough to vote.
Use it to invest in the precious metals market asap, gold, silver, even copper. All of them are accumulating wealth and will continue to do so. I(nvest in any thing else and you'll only see what you invested in become worth less and less as the Federal Reserve manipulates and tanks the market and devalues the dollar.
"The bird or the cage?"-The Lutece Twins
"A man chooses. A slave obeys."-Andrew Ryan
"There are three things the parasite hates: free markets, free will, and free men."-Andrew Ryan
"That every man may act... be accountable for his own sins in the day of judgment. And for this purpose have I established the Constitution of this land, by the hands of wise men whom I raised up unto this very purpose"- Jesus Christ, Doctrine and Covenants 101:78-80
Depends on what assets you have. Do you own a home? A car? Are you satisfied with your current home? Does your car run well? If yes to all, I say forego the gold and silver for awhile to invest in real estate. It won't get you much, but it's a good start. I would try to build your income before you start pouring your cash into gold and silver. Only put into gold and silver (preferably silver) what you can afford to do without. From there, your decisions should be ruled mainly by good sense.
"If you study science deep enough and long enough, it will force you to believe in God." ~Lord Kelvin
Thank you guys for the help so far. I really appreciate it.
To give you more details - I have no debt and no home. I currently rent a house with 3 other people. My monthly bills are $400 (rent, cable, gas, electric, phone). I am steadily employed at $800 a month in order to grow my business as much as possible (it's a tabletop gaming retail store, growing steadily) but could bump that up to $900-$1000 at the start of next year. I have my bachelors degree in Philosophy (Asian). I've taken and taught wilderness survival classes for about 8 years. I have no food or water stockpiled and do not own a gun or ammo. I own a Plymouth Neon with over 200k miles on it.
I'm looking to put a good chunk of my money toward more of a long-term savings and will keep the rest as an emergency fund. Hopefully that helps!
Last edited by botounami; 11-08-2012 at 08:06 AM.
Good luck with your business. I just wonder what made you want to start one now? Living off of $800/month is not easy, so I assume you just started it and are starting to build. What business are you in?
"If you study science deep enough and long enough, it will force you to believe in God." ~Lord Kelvin
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