If you had $500,000 tax free right now..

[Super Bleeder!!]

i would have a $500,000 crack party with Tyrone Biggums

[dylan]

I would invest it all in real estate myself.

lets see
pay off half my parents bills/house 50k
pay off half grand parents debts bills/ 50k
pay off my bills 15k

build me a house 250k
skyline built 40k
dsm 12k
invest and two or three or maybe four girls at once 83k

werd

[JDM]

I would start a "Target" like car department store.

Waiting room, restraunt, parts UPON parts: everything from tires to tire flies and every bolt imagineable, In Car Electronics, demonstrations, car toys, Do it yourself rental bays with lifts and rental tools, regular garage staff doing stuff like lube tech and reg maintenance. It would also be on Uni Ave in Saint Paul, the parking lot would be HUGE, and I would stay open til 1AM on the weekends so the cops CANNOT kick you out of my lot...

[JDM]

I would need a lot more than 500K

[unreal808]

I would almost have enough to pay for my son's college in the year 2022!

[SpicyOrange]

I would pay off my house, and get my cars into the 9's. And I would find a decent luxury car for daily driver duties.

[niterydr]

Pay off debts, buy more stuff, get a rental property as well as a house for my self. Anything left over would be put in various savings and investment accounts.

[mukapahnpy]

Business #1: Real Estate
Business #2: Nightclub/Sportbar
Business #3: Forget the first 2, make all that money work for me and move to a more exotic location and live like a king.

[JDM]

I would pay my parents back, put the rest in a high intrest yielding account, and live comfortably for a while...

[john]

Probly invest all of it. It would not change my live much... yet. I would invest in mutual funds, stocks, and some municipal bonds (tax free). Lets say I invested all 500K at a rate of 5% intrest (reasonably attainable), it would yeild my $25K extra per year in intrest alone. I do not have any debts yet with school and all. That should change next year but I will have to make some sacrifices this summer (dsms for sure). It would be fun to spend it all but that is only in the short term. It would be alot nicer to know that when I am 65 years old that I will have enough money to retire and live with less stress. Time to invest in assets that apreciate instead of depreciate. It is the only way to get ahead.

[Kracka]

Originally Posted by 92tsiawd84

Time to invest in assets that apreciate instead of depreciate. It is the only way to get ahead.

Very nicely stated.