ok i need some help here lawsuit money comming

[STI~KILLER]

On feb 21st i will be getting some lawsuit money from my workmans comp case and i want to know what i should do with some of it IE: work on the car,house,invest etc. let me know what your guys ideas are as wild as they ight be i need your help

oh yeah the est amount will be 180,000 thats after court cost and taxes and lawyer fees .


thanks jason

[EvoGLH]

Well, my priorities would be:

#1 - House (pay off / pay down, do repairs, maint. & redecorating), then
#2 - Eliminate or drastically reduce any debts, then
#3 - Invest / save / 401k / 'rainy day fund' (vast majority of what's left), and lastly...
#4 - 'toy' money. Keep it somewhat reasonable - do what you'll be happy with, but remember that if / when sell the car, 99.9999% of the time you'll take a loss on anything put into it!

[money pit]

sponsor me. for 1K i'll put a sticker on the ride. :lol:

[otter]

1. Fund my turbo kit.
2. Pay off the mortgage, or a large portion of it. Freeing up tons of income for other things, like toys.
3. If you don't have a mortgage, find a way to somewhat safely invest the money. Mutual funds, or a high interest CD account. If you're feeling lucky, try out some stocks.

[Ryan]

Well, my priorities would be:

#1 - House (pay off / pay down, do repairs, maint. & redecorating), then
#2 - Eliminate or drastically reduce any debts, then
#3 - Invest / save / 401k / 'rainy day fund' (vast majority of what's left), and lastly...
#4 - 'toy' money. Keep it somewhat reasonable - do what you'll be happy with, but remember that if / when sell the car, 99.9999% of the time you'll take a loss on anything put into it!

good advice from Bob. I don't know if I could keep from buying a zo6 if I had that kind of cash...

[STI~KILLER]

well heres the thing i have a paid off house only bout 40 grand in debt and i already have a fund for my daughter ,i was thinking on the gt37r turbo kit from AMS, along with a methenol kit , i have all my investment money from paycheck wich i will invest more but i was thinkin about maybe take 20 grand for go fast parts then bank the rest

[Ryan]

if cars are your #1 hobby, then go all out and race as much as you have time for. Most of us would do a lot more if we had the cash. Actually I think I would take a trip to Nurburbring in Germany and rent a car for a day or two and beat the crap out of it.

But if you've got some other hobbies, or a dream that takes a lot of cash to pursue, go for it man!

[AfireINSIDE]

Sell the house, put the 180,000 onto a MUCH larger house!

[otter]

Another thing that occured to me, with that kind of money, you can afford to start investing in real estate and get into flipping. You know, find a $50k house in a $80k neighborhood, put $10k of work into it, then sell it for a $20k profit. Do it over and over, that'd be a good paycheck.

[STI~KILLER]

really i was lookin at what i should do with the car lol. oh one question do the EVO 8 KITS FIT ON EVO 9'S

[PPI]

Well, it all depends what YOU want to do with YOUR car....

The 9 has a great turbo and ecu capabilities from the factory....If someone wanted a big turbo and stand alone I would def. say, save some money and start with and older evo.

[STI~KILLER]

well i noticed ams has a g37r i want that and what ever i need to make that kit run smooth basically im lookin to ad another 15-20 grand to it



id like it to be a drag/track car like the HKS of course not as detailed as that