howellsy42

Some one gives you a large sum of money say 150k what would you do with it? We where talking about this at work so I thought I'd ask you lot

Tidgy

at the min buy a house, def a good investment for the future

JTaylor

Speak to Matteeboy.

Maz

iTrader: (34)

+1. Stick in in bricks and mortar.

pslewis

Yeah - buy a property and rent it out.

7% is the minimum return you should expect.

But, it depends on your age and financial position.

Lydia72

I would treat the poor people on Scoobynet to some decent winter tyres

Maz

iTrader: (34)

chocolate_o_brian

iTrader: (22)

£150,000. Hmm, I'd pay my mortgage off in one lump sum and buy a small house with the change. Then rent it out to make me a nice neat egg in rent.

That way my wages are spent doing my property up and my other property is already paid off simultaneously.

Graz

Pay off the mortgage and then determine the viability of doing a four day week (or less). Mortgage is currently my biggest monthly outlay.

howellsy42

I'm surprise no one has said cars and holidays most of the lads at work where torn between paying mortgages off and blowing some the funnies one was one lad said he would leave and not have to work !

Fantom

At least £100K would go off the mortgage. Probably a bit more.
I'd upgrade my track car from a Clio 172 to a Megane R26R. (16k)
Buy some clothes, treat the wife.
That would be it
Apart from giving a bit to family members

Bristol98

Pay off mortgage, 2.35 and 6 speed for my wagon, then take the missus out for a hamburger!

marshall332bhp

Paye off the mortgage and go on holiday.

wayne9t9

Beer, hookers and squander the rest.

Hammer man

iTrader: (25)

Damn...ya beat me to it

Chip

Last thing I would do is pay off the mortgage. Offset it maybe, but not pay it off.

Saxo Boy

£100k towards mortgage, £5k holiday, £35k worth of cars and £10k in the bank to spend as/when I please.

mamoon2

I'd buy 6 buy to let houses at around £70-80k with 75% mortgages and stick the rest in the bank.

£1800 per month profit on the rentals, lovely jubbly

Worlasshasansti

I would say nowt to wor lass go straight to the casino and double it or die, then I'd wake up the next day with nothing but a hangover, tell wor lass, pack my bags and move back to my old mans!

Mick

RobsyUK

iTrader: (2)

I'd put £130 on the house and blow £20k on holidays and stupid stuff

jods

Audi R8. Fully Tricked out. I'd find the extra £20k from somewhere.

pslewis

Incidentally, £150k isn't that much money in reallity.

I can tell you for sure one thing - when you have that amount it is a right royal pain in the *** .......... do you keep it?, where?, spend it?, save it for latter years?, it isn't as easy as you may think!

mamoon2

Tell me about it old boy! One quickly runs out of banks to deposit the wretched stuff

bustaMOVEs

iTrader: (31)

pslewis

It's getting very tough ..... just £85,000 in each Institution - you do run out of Banks quickly when trying to get a good rate but still spreading the risk

I was happier when I was poor .......... well, at least I didn't have to worry about losing anything as I had nothing!

kevo10

Youre quite right there . its not that much really. theres so much i want or need id need double that,

wrx300scooby

Bricks and mortar, cheap now so get in, just finished doing a house up, could make at least 18K but putting my lad in it so might move on to project No2

cookstar

iTrader: (6)

Deposits for three more BTLs

andys

I am sure the HMRC would want some of it.

mamoon2

3? i'd get 6 here in Manchester with £150k and still have change