View Poll Results: what should do?
put all the money into a savings account
63
41.18%
spend half, and then put the other half into savings
60
39.22%
spend it all on things like wheels, springs, shocks, flywheel, etc.
30
19.61%
Voters: 153. You may not vote on this poll
sooo, i got paid, a lot
12-24-2007 | 08:37 PM
#1
Thread Starter
Banned
Joined: Sep 2007
Posts: 2,643
Likes: 0
From: Waukesha Wisconsin
sooo, i got paid, a lot
so, i finally got my premanent disability check from workers-comp, and its 2 grand. i pretty much **** my pants. so im faced with a decision, and there are three options. its a poll, so vote up and help me out.
edit: i got the check because last december, i was ran over by a forklift at work. i had 2 surgeries including a cartilage implant and bone removal.
edit: i got the check because last december, i was ran over by a forklift at work. i had 2 surgeries including a cartilage implant and bone removal.
Last edited by chetrickerman; 12-24-2007 at 08:41 PM.
12-24-2007 | 08:45 PM
#8
⎝⏠⏝⏠⎠
Joined: Apr 2004
Posts: 8,625
Likes: 5
From: USA
2k isn't a lot. it would barely buy just rims and tires from item #3.
i wouldn't recommend a savings account either. the interest rate is so low you're not going to be keeping up with inflation. the cost of living is rising too fast.
i wouldn't recommend a savings account either. the interest rate is so low you're not going to be keeping up with inflation. the cost of living is rising too fast.
Buy an MSkit...
: I meant Seneca Niagara, not the Canadian side... 
12-24-2007 | 10:43 PM
#22
2 grand isnt anything. its so little its almost not worth putting into a trust or cd. however.. if you think thats a lot of money, then spending it on something that wont appreciate any value is not a good idea.
unless you have money to blow (and obviously you dont because you think 2 grand is a lot, sorry if thats harsh) you shouldnt be spending money on rims, shocks, or anything else.
use that money to start a trust for any kids you might have or w/e. in 20 years, 2 grand might be worth 15. uh. yeah thats not a whole either. but its more than 2. and it could help with college (plus a load of scholarships and grants) or it could be used to buy a few used cars for your future kids.
in the end its your choice. but if you spend it on rims or shocks. once you spend it, its gone. if you call up smith barney (i use them, they've been good to me) and start a little trust, the money will always be there. and its almost guaranteed to appreciate in value. my recommendation is to use this money to start a nest egg for later in life. or for a rainy day. you never know what might happen.
i may be only 21, and i may not know what im talking about. but putting it in a trust and saving it for a rainy day sounds like your best bet. how many other times in your life have you been given a lump sum where you could start something that would be really beneficial to you later in life?
unless you have money to blow (and obviously you dont because you think 2 grand is a lot, sorry if thats harsh) you shouldnt be spending money on rims, shocks, or anything else.
use that money to start a trust for any kids you might have or w/e. in 20 years, 2 grand might be worth 15. uh. yeah thats not a whole either. but its more than 2. and it could help with college (plus a load of scholarships and grants) or it could be used to buy a few used cars for your future kids.
in the end its your choice. but if you spend it on rims or shocks. once you spend it, its gone. if you call up smith barney (i use them, they've been good to me) and start a little trust, the money will always be there. and its almost guaranteed to appreciate in value. my recommendation is to use this money to start a nest egg for later in life. or for a rainy day. you never know what might happen.
i may be only 21, and i may not know what im talking about. but putting it in a trust and saving it for a rainy day sounds like your best bet. how many other times in your life have you been given a lump sum where you could start something that would be really beneficial to you later in life?
Last edited by kersh4w; 12-24-2007 at 10:47 PM.
12-24-2007 | 10:54 PM
#23
The way I am
Joined: Nov 2007
Posts: 244
Likes: 0
From: heart of NJ
hmmm honestly 2 grand is like 2-3 weeks of working a full time middle wage job. It's not that much. It really depends on your situation, do you have bills to pay, loans, car payments, wife/girlfriend.... etc.. If you didnt have any of that to worry about then heck spend it all on parts. But on the other hand if you have one or the other priorities then be smart with your money.
So really its up to you, No one can say what to do with the money you have.
I mean, if you asked us "i have two grand to actually spend on my car, what should i get," thats a different perspective.
So look at what you got to do and go from there. If you have the full 2 grand to lay out then let us know.
As for my vote i am putting in half and half because im not sure on your standards of living like i said.
So really its up to you, No one can say what to do with the money you have.
I mean, if you asked us "i have two grand to actually spend on my car, what should i get," thats a different perspective.
So look at what you got to do and go from there. If you have the full 2 grand to lay out then let us know.
As for my vote i am putting in half and half because im not sure on your standards of living like i said.
Last edited by dancap; 12-24-2007 at 10:57 PM.
12-24-2007 | 11:09 PM
#25
the rich arent rich because they spent all their excess money. they got rich by investing.
once you are well invested, with a decent amount of money (im talking 600k+) then you can withdraw a bit of money each year to do whatever you want with.
once you are well invested, with a decent amount of money (im talking 600k+) then you can withdraw a bit of money each year to do whatever you want with.