Hello!
I need some advice regarding a sudden large sum that my husband and I will be receiving in the near future from his father after he sells his business. I don't want to give the amount, it's just going to be alot and I'm worried about the taxes and about accidentally blowing it.
I'll start off by saying what we want to do with it and maybe some advice can be given from there:
- Pay off all our debts for both of us
- Get a house by putting down a really decent down payment but not just outright buying it out
- Getting me a new car
- Paying off my parent's debts
- Paying back the money we owe people who have helped us during this past year
- Invest the money into stocks and precious metals like silver
- Buy a couple of houses and rent them out to people
These are just ideas we've been bouncing around and besides, the first two, none of them are really concrete. We both plan to continue working and have a long term plan of eventually becoming self employed by either renting out homes or if our creative pursuits take off. I just want ideas and plan out the best courses of action before it's given to us and we either blow it or just freeze! Please help! I'll answer as many questions as I can.
Submitted June 01, 2018 at 08:56AM by bananabumblebee12 https://ift.tt/2LREpXQ
