I inherited over 100 grand...what would you do

Models: if everyone uses the same language...why are the interpretations different: College teaches language skills. Interpretations are for the Researchers. College Grad and Researcher are not the same.
Bernie Madoff stole his Billions from College Graduates whom used identification to a level of self discipline.
Self-Discipline is not Mitigation, subtle but definitions LIE in the detail or lack of detail.
Original Work, learn the value of freedom.

 

$100,000 isn't a lot of money, and can vanish rather quickly is not properly managed. Since you didn't work for it, (i'm assuming), that risk is very real.

What would I do with it? I would consult a few financial advisors to get professional advice.

If you want to continue trucking and enjoy it but want to be home daily or every few days, I would buy a truck for no more than $40,000, making a downpayment of say $15k to $20k, and either lease onto a company that allows you to use their authority to select your own loads, like Landstar or get your authority and do your own thing. Maybe you'll find steady runs from Houston to Dallas and back.

Either way, don't look at that money as though you're rich, because in one sense you are, but in another sense your not! It'll depart from you as easily as it came. All the best to ya!

 

Say the hell with everything " GO TO VEGAS"! LOL

 

buy a house cash. rent it out.

 

I'd sure think twice about buying a truck... That's about the FASTEST way to go broke that I have ever known. Personally, I'm a believer of specialized freight (oversize, etc.)... there are alot of generalized carriers and the rates are not always good... I would really INVEST a good portion of that money and not take too big of a risk with it attempting to become an owner operator. I own two trucks and while I've had good days, I've had my share of bad days. Crude oil is booming if you can get hooked up with the right company but even that is a hit or miss. That market has gotten saturated as well... But with anything, I believe that if you get into something then hit it hard and when it falls off just reap the benefits from your hard work.. Nothing is certain in these times and contrary to belief it has nothing to do with the ECONOMY.

 

You know the old saying , "to make a million dollars in trucking , start with 2 million !" A 100 grand is not really that much to blow through easily, if you don't own a home I would consider that first instead of putting it in a truck . Maybe getting a rental property ! Anyway good luck to you !

 

You can always just give me the money.

 

Why? 12% is average for a current 20 year investment. Obviously it varies but take a look at this.
http://observationsandnotes.blogspot.com/2009/03/average-annual-stock-market-return.html