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#1
04-28-08, 09:00 PM
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As for the rest. House.
Bad investment right now. Low interest rates + high prices = bad use of money (no wiggle room). Well, owning > renting, but I'd buy the smallest, chespest house you can live with. Trust me, housing is still maybe 15-20% overpriced right now. The fed under the past two administrations has over-controlled the market to a fair-thee-well. There's still a price collapse out there poised to happen and it will not be pretty.
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"Animals die, friends die, and I shall die. But the one thing that will never die is the reputation I leave behind." Old Norse adage |
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#2
04-28-08, 09:17 PM
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Is "blowing it all playing a ton of poker well above my skill level and then taking a trip to Greece followed by being an odd relationship with some chick I met and then finishing with a nice scam of family members" already taken?
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"And that's how you play aces." Yeah, you make kings run in to them. |
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#3
04-28-08, 09:29 PM
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Three words:
Hookers and Blow. Okay seriously - $200K? I'd pull it all off except maybe $5K. The remaining $195K would pay off our debts, our current mortgage, which we would then turn around and sell this house and buy a new one (slightly bigger and in a slightly better neighbourhood). I'd use maybe $3-$5K of the 195 to buy a couple nice poker tables and a really nice custom clay chip set for the poker room. |
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#5
04-28-08, 09:38 PM
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~80K = taxes
10K = School loans 5K = Car 5K = Bank account 0K = Poker Bankroll 100K = Savings + Investing I this is seriously how I would spend it. I'm so boring. |
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#7
04-28-08, 10:30 PM
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Dangerous imo
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#8
04-28-08, 10:53 PM
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3k online. 2k live BR.
The rest is paying off my house, and setting up education funds for the kids. If there was anything left over, home renovations and a cruise.
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poopity, poopity pants. |
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#11
04-29-08, 01:28 PM
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Other than the poker tables, although, if I did win, I'm sure Rob would talk me into getting them, I would want to do the exact same thing. And Rob and I didn't even discuss this before he posted. I'm glad we think alike on this.
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#12
04-29-08, 01:41 PM
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That is so cool that you like hookers.
Rob is a lucky man. |
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#13
04-29-08, 02:08 PM
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im in the UK and 200k is 100k or a little less in english pounds, we dont pay taxes on gambling winnings so I would get it all.
It really isnt that much althou I would deff not turn my nose up at it. At our current property prices I couldn't even buy a decent 1 bedroom flat/apartment for that so property is off my to buy list. I read somewhere (dunno where and dunno if it right) but the top MTT'ers have roughly 10k-15k online so maybe keep that and take the rest off. Hookers and blow sound good but again they twice as expensive in england so maybe a trip to amsterdam would be on the cards (see what i did there lol). If a low limit donk like me got lucky enough to go throu 7000+ players in the sunday million then a shot at the WSOP has gotta happen. thadeas |
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#14
04-29-08, 05:38 PM
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lots of good responses so far.
now after giving it more thought i would do this with the 120k (after taxes): 15k online bankroll 10k live bankroll 60k: bank/invest 20k: home improvement 15k: travel |
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