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Monday, October 6, 2008
What would you do with a financial windfall?
The Atlanta Journal-Constitution
I think the topic of money is fascinating. I’m fairly curious about how people spend it, prioritize it, share it, and even waste it.
Now, I know the subject wasn’t so fascinating recently with the downfall of the market and the $700 billion bailout, but on a personal level, I like to ask people how they’d spend their windfall if they were so fortunate to receive one.
However, unlike the question of what would you do with billions, I’m paring down the amount and adding some parameters: Let’s say you are given $500,000, and with that money, you have to purchase a home.
So the question is: would you spend the entire amount on a home? Would you spend part of it and bank the rest? Or would you spend a small portion on housing and use the rest for a fancy car? Hey, it can’t hurt to dream a little, right?
But if you don’t have billions to spend, and most of us don’t, check out Your Money on how to manage what you have.
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