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QUESTION DETAIL
Related User
Votes
I will be receiving $100,000 soon. I have some debt and want to buy a new car. I don't own a home but also don't have enough money to purchase a home. What should I do with the additional funds?
ANSWER
The BIDaWIZ Team's Answer:
Use $50K, of the capital, as a downpayment on the purchase of a home,
and use up to 25K, of the capital, to purchase a vehicle, and invest the
balance in a short term manner; so that you have available liquidity, in the
event of an emergency.
