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!@#$%! · 08.16.2008, 11:03 AM

ok adam i just ate some fruit so i have more calories in my brain & my thought is this.

the other day you were talking about having saved some money and wanting to learn about investing. which i hope you're doing, because savings accounts pay shit in interest.

what you have received now is worth more than all your savings and has the potential to land you a sweet profit if properly managed.

so what i'd suggest at this point is DO NOTHING. because you have said you know nothing. so sit on it, educate yourself, learn, and make a move only when you're ready.

most people PAY for an education. in your case, you would BE PAID to get an education. in other words, you have the opportunity to make a lot of money just by being well informed.

for example--

if you rent that house, wich cost you nothing, you could say get $250 a month, that's $3,000 a year, like, forever, and you keep the value of the house as it increases in the next cycle.

if you were to sell it, after paying income taxes & all, say you end with say $11,000, and what would you get on a savings account, 3%? so you stand to make $330 a year or so? ha ah aha.

then again there are estate taxes which i know little about but maybe thats what youre worried about paying. but you'd still have to pay income tax in after paying the estate tax.

think man, think. educate yourself, read some books, take your time to learn, check with a financial planner, and you stand to be sitting in a nice wad of money before youre 30 while everyone else is sitting on a pile of debt. but take your time to school yourself before you do something inadvertently dumb.

--
i edited to add the estate tax bit, and apparently there is no estate tax for you to pay? i am not clear. but like i said, educate yourself.

random googles:
http://www.askmehelpdesk.com/taxes/d...sold-8677.html
http://answers.yahoo.com/question/in...8175440AAACUM3
http://www.linkedin.com/answers/pers...47255-21581011
etc///

08.16.2008, 11:03 AM	#20
!@#$%! invito al cielo Join Date: Mar 2006 Location: mars attacks Posts: 42,732	ok adam i just ate some fruit so i have more calories in my brain & my thought is this. the other day you were talking about having saved some money and wanting to learn about investing. which i hope you're doing, because savings accounts pay shit in interest. what you have received now is worth more than all your savings and has the potential to land you a sweet profit if properly managed. so what i'd suggest at this point is DO NOTHING. because you have said you know nothing. so sit on it, educate yourself, learn, and make a move only when you're ready. most people PAY for an education. in your case, you would BE PAID to get an education. in other words, you have the opportunity to make a lot of money just by being well informed. for example-- if you rent that house, wich cost you nothing, you could say get $250 a month, that's $3,000 a year, like, forever, and you keep the value of the house as it increases in the next cycle. if you were to sell it, after paying income taxes & all, say you end with say $11,000, and what would you get on a savings account, 3%? so you stand to make $330 a year or so? ha ah aha. then again there are estate taxes which i know little about but maybe thats what youre worried about paying. but you'd still have to pay income tax in after paying the estate tax. think man, think. educate yourself, read some books, take your time to learn, check with a financial planner, and you stand to be sitting in a nice wad of money before youre 30 while everyone else is sitting on a pile of debt. but take your time to school yourself before you do something inadvertently dumb. -- i edited to add the estate tax bit, and apparently there is no estate tax for you to pay? i am not clear. but like i said, educate yourself. random googles: http://www.askmehelpdesk.com/taxes/d...sold-8677.html http://answers.yahoo.com/question/in...8175440AAACUM3 http://www.linkedin.com/answers/pers...47255-21581011 etc///
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