What to do with $48,000.

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Zim said:
1760 gallons of sex lube.

In reality I'd do what @KatsuKitty recommends. Pay off debt and invest the rest. Patience = profit a lot of the time.
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Seriously it's worth saying more how Katsu has the right idea. That's basically what every legit financial advice show I've run in my radio days has said is how you do it. Clear out the debt, then play it safe and boring.
 
  • Agree
Reactions: Bernard and norrington
If you really want high risk just go blow it all in Vegas on a weekend. Even if you leave broke the life experience will be priceless. Pro-tip: Buy your return airline ticket BEFORE you gamble.
 
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Reactions: Marvin
Pay to have coyotes smuggle 48 Mexicans across the border and have them each work off a $100k indenture.
 
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As far as the property suggestion, it's a solid idea but more risky if you don't have the potential for substantial surplus income coming in somewhat steadily in the future (apart from rent profits) since if you put down for a decent mortgage with 48k and wind up without tenants for a while, you might have trouble keeping up with the payments.

I'll be third to agree with Katsukitty. This all might be me stating the obvious, though. Once you've got steep interest debts paid off, investment fund/balanced portfolio (like Strelok said; but I know jack shit about the differences between the two).

Keep in mind, I'm a liberal arts major (on top of just echoing other people's advice here, but I figured you might be looking for some consensus) so maybe take my opinion with a grain of salt.
 
I would spend it on glitter bombs on people I don't like.

I'm not good with money
 
Yellow Yam Scam said:
If you got $48,000 tomorrow, what would be the most efficient legal way to turn that into more money outside of the stock market? Let's say that we're okay with a fair amount of risk here.
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Make friends in the right places. Buy out houses that are condemned due to structural issues or the like before the big budget realtors can. Make yourself the middleman. Flip the property for around 1.5-2x what you bought it for. Rinse, repeat.

Alternately, buy Legos.
 
Jaimas said:
Make friends in the right places. Buy out houses that are condemned due to structural issues or the like before the big budget realtors can. Make yourself the middleman. Flip the property for around 1.5-2x what you bought it for. Rinse, repeat.
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Don't you have to be able to tell when the structural issues are actually fixable and won't be an enormous money pit that will cost way more to fix than you could possibly recoup?
 
AnOminous said:
Don't you have to be able to tell when the structural issues are actually fixable and won't be an enormous money pit that will cost way more to fix than you could possibly recoup?
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The point is that you snag it for the property, not the house.

Happens all the fucking time where I live.
 
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