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submitted 1 month ago by Nziom@lemmy.world to c/asklemmy@lemmy.world

You get 50k dollars tax free no catch what do you plan to do with it?

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[-] Astronut@lemmy.zip 136 points 1 month ago

Put it in the bank and live every day like the day before!

[-] Mad__vegan@lemmy.world 37 points 1 month ago

Yup. Wife made us invest 64k this year. That's half a dozen pinball machines I could have had!

[-] blarghly@lemmy.world 29 points 1 month ago

*index fund

[-] jtrek@startrek.website 61 points 1 month ago

$50k is a weird amount.

If you're currently financially in crisis, it will probably save your life. But if you're doing okay, it probably won't change your life much. And if you're even mildly rich, like six figure salary, you might not even notice.

I'd probably just put it in vanguard or a high yield savings, in preparation for bigger expenses that are probably coming (eg: moving, unemployment)

[-] snooggums@piefed.world 28 points 1 month ago

I'm doing ok but 50k would let me put a down payment on a house which would still be life changing.

[-] jtrek@startrek.website 10 points 1 month ago

You're making me grapple with how expensive housing is here. A down payment for a two bedroom apartment in Brooklyn is going to be like $100-200k.

It's fine, I tell myself. I can walk to everything I need and take transit to everything else.

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[-] W98BSoD@lemmy.dbzer0.com 8 points 1 month ago

And if you're even mildly rich, like six figure salary, you might not even notice.

All depends on where in that range.

Low end? That’s like half a years salary and would absolutely make a difference.

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[-] jordanlund@lemmy.world 42 points 1 month ago

I had that happen in January, I built my own bookstore.

[-] AskewLord@piefed.social 13 points 1 month ago

what is that, like 10% of the cost?

[-] venusaur@lemmy.world 20 points 1 month ago

They meant a “little library” for the front of their house.

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[-] DarrinBrunner@lemmy.world 32 points 1 month ago* (last edited 1 month ago)

I'd pay off my house. No hesitation.

EDIT: I owe just a bit over $50K on my house. By chance, the amount OP chose fits my circumstances exactly.

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[-] nitroemdash@lemmy.wtf 27 points 1 month ago

Not work a day in my life. My country is so poor that's enough to sustain me for 50 years.

[-] Apytele@sh.itjust.works 18 points 1 month ago

imma move to this dude's country and stop working.

[-] NewNewAugustEast@lemmy.zip 13 points 1 month ago

Where am I moving to?

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[-] glibg@lemmy.ca 22 points 1 month ago

Buy some solar panels and throw the rest at my mortgage

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[-] CameronDev@programming.dev 19 points 1 month ago

Fun: new car, some kind of spicy electric thing.

Boring: Pay off mortgage. I died a little just typing that.

[-] Valmond@lemmy.dbzer0.com 10 points 1 month ago* (last edited 1 month ago)

Having paid off the mortgage has it's monthly benefits, or so I have heard

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[-] gigastasio@sh.itjust.works 19 points 1 month ago

I could just show you better than I could explain it. I’ll dm you my Venmo.

[-] SatansMaggotyCumFart@piefed.world 18 points 1 month ago

Two women at the same time.

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[-] tourist@lemmy.world 17 points 1 month ago
[-] GreyEyedGhost@piefed.ca 8 points 1 month ago

So, what would you do if you won?

[-] tourist@lemmy.world 14 points 1 month ago
[-] GreyEyedGhost@piefed.ca 9 points 1 month ago

Exactly the answer I expected.

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[-] ieGod@lemmy.zip 17 points 1 month ago

Straight to my mortgage principal. Because I'm dull like that.

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[-] bstix@feddit.dk 16 points 1 month ago

Build a sauna. On a boat.

Ok, I guess I don't really need 50k. Give it to someone else.

[-] Nziom@lemmy.world 6 points 1 month ago

I appreciate the honesty xd

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[-] Hobo@lemmy.world 15 points 1 month ago* (last edited 1 month ago)

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.

[-] olafurp@lemmy.world 14 points 1 month ago

Pay off mortgage, not glamorous but it works.

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[-] FlashMobOfOne@lemmy.world 11 points 1 month ago

Invest it all and forget about it for a few years.

[-] Technoworcester@feddit.uk 10 points 1 month ago

I'd try to work out what the scam is as I work in sterling or euros usually.

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[-] Kaligalis@lemmy.world 10 points 1 month ago

I am debt-free; I save it for when I need to replace my GPU.

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[-] Wildone@sh.itjust.works 9 points 1 month ago
[-] crystalmathadept@lemmy.zip 9 points 1 month ago

I’d probably go to a really much bougie rehab. I’m not addicted to anything but I feel like I won’t get a whole month off work otherwise.

I always answer these in case OP is loaded and wants to give someone 50k because they are bored.

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[-] walden@wetshav.ing 9 points 1 month ago

Vanguard ESGV is a decent investment. It's like the S&P 500 but with less guns and war.

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[-] Zwuzelmaus@feddit.org 8 points 1 month ago

10% to charity immediately. A brand new set of harddisks for my home server. For my son and my daughter each a nice vacation with their dear ones. Jewellery for my dear wife. A party night for 6-10 friends. The rest goes into savings.

[-] almost1337@lemmy.zip 8 points 1 month ago

I would use it to cover expenses while I continue to look for a job. COBRA isn't cheap, and I need good coverage for my various issues.

[-] Wren@lemmy.today 8 points 1 month ago
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[-] whoisearth@lemmy.ca 7 points 1 month ago

Pay off my car or put it into my mortgage and live like I didn't get 40k. The remaining 10k I would split among my 3 kids. They deserve something nice.

[-] zlatiah@lemmy.world 7 points 1 month ago

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...

[-] quediuspayu@lemmy.dbzer0.com 7 points 1 month ago

Fix a bunch of things around the house before they get worse.

[-] Hapankaali@lemmy.world 7 points 1 month ago

Nothing. I don't have my own place, and could use it towards that, but I don't want to own a house. I prefer to be flexible, and renting is less of a hassle. Don't have a car, but if I wanted one, I already would have bought one. Don't have any debts to pay off.

For life-changing money, it's too little.

I might give away some of it.

[-] darthelmet@lemmy.world 7 points 1 month ago

This thread is depressing.

[-] AlteredEgo@lemmy.ml 7 points 1 month ago

Buy enough solar and batteries to become energy independent for the rest of my life.

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[-] neidu3@sh.itjust.works 6 points 1 month ago

Turn my basement into properly approved living space, increasing the value of my house by roughly 33%. Then it's time to renegotiate my mortgage rate.

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this post was submitted on 16 Aug 2026
139 points (94.8% liked)

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