I have 82,000 cash. What would you do?

On a serious note I think you should take your time and do your due diligence before you decide to spend your money, but don't fail to enjoy it. You can't take it with you and who knows how much any of these "dollars" will be worth in a couple years.

 

Never owned my own truck but back in 2000 when the company we worked for went broke, a handfull of my co workers brought their own trucks and hit the road. Prior to the fuel increases when diesel was $1.50 gallon up here in the northeast and the crash of 2007, most of em weere makin good money. One guy eventiually was running 6 tractors and over a dozen box and reefers.

Checking with them lately only 1 in 6 is still an O/O. That was the guy who had 6 tractors, he is down to one, everyone else is back to working for someone else. All of these guys had between 10 -20 years experience and knew what they were doing. Not trying to step on your dreams here, you gotta do what you gotta do, but I would would think long and hard about it. Good Luck!

 

I realize it's too late, but you really should have sought the advice of a financial advisor before you did anything. 3 years ago I was in a very similar situation. Paying off your mortgage quite often is not the thing you should do first. If you're paying any kind of half way decent rate you're much better off paying the mortgage and making your new found capital work for you, perhaps even buying a truck.

Also CD's are really not a great investment. Yes they're risk free, but at 1% you're not making anything.

Further, since your financial situation has changed drastically you must be certain you're saving for any new taxes you'll owe.

 

Google, Microsoft, Netflix, Disney and anything to do with 3D printer/scanner technology. Precious metals will be coming out of printers like paper money soon. Own the companies that will own the world.
Or blow it all on scratchers. Life is short.

 

That's some good advice right there :

 

it might pay for a year or two of college - be cautous and careful

 

1% interest? Not sure what bank you use, but I'm getting 5.120% interest on my CD's.

And I agree, CD's shouldn't be the only investment choice, I only suggested them so that while he's getting his ducks in a row, he can be earning extra money instead of it just sitting there.

 

One other thing ethos, you're in a great position to talk to bulk o/o's in person, almost on a daily basis. You see all the Heniff, QC guys etc. start a BS session .. they're always more than happy share their experiences and some of these guys got it together.

 

The quickest way to lose $82,000. Is to buy a truck! Use that money to buy a rental property, but no no no to buying a truck!