You get 50k dollars tax free no catch what do you plan to do with it?

  • AlteredEgo@lemmy.ml
    link
    fedilink
    arrow-up
    8
    arrow-down
    1
    ·
    7 days ago

    Buy enough solar and batteries to become energy independent for the rest of my life.

      • AlteredEgo@lemmy.ml
        link
        fedilink
        arrow-up
        1
        ·
        6 days ago

        You’d only need a fraction if you DIY, which is definitely worth it to learn how to do so you can fix it yourself.

        • Nziom@lemmy.worldOP
          link
          fedilink
          English
          arrow-up
          2
          ·
          6 days ago

          I do actually know how to build them from scratch i am a semiconductor and microeletronics PhD student ,unfortunately i don’t have the time or money to do it :(

  • Synapse@lemmy.world
    link
    fedilink
    arrow-up
    4
    ·
    6 days ago

    Renovat my bathroom, install an air conditioning system, use the rest to pay the mortgage.

      • doingthestuff@lemy.lol
        link
        fedilink
        English
        arrow-up
        2
        arrow-down
        1
        ·
        6 days ago

        If you want a roof over your head, most places have property taxes of $3-4k per year even if you own it outright. If you want to ever leave your house a car costs about $5-10k per year. If you aren’t living on rice and beans food costs about $3-6k per year. This doesn’t include any clothing, taxes, medical expenses, hobbies, travel, or other bills like water, natural gas, electric, etc.

        If you’re incredibly frugal and quality for public assistance, $50k might last you a few years in the US.

        • Nziom@lemmy.worldOP
          link
          fedilink
          English
          arrow-up
          1
          ·
          6 days ago

          Key point here in the US, where i live 50k dollars is enough to be a rich investor +house +car + years of necessities

          • doingthestuff@lemy.lol
            link
            fedilink
            English
            arrow-up
            1
            ·
            6 days ago

            How relaxed or strict are your immigration laws? I paid $40 just to park my car for a few hours a few days ago.

            • Nziom@lemmy.worldOP
              link
              fedilink
              English
              arrow-up
              1
              ·
              6 days ago

              Oh uh am in what you call a third world country, it’s nice to visit but idk if you’d want to live here , also 40 dollars is what a regular person like me make in a month, it’s actually crazy to hear that you pay that just for parking parking costs like ~0.2$ to 0.39$ max

  • GregorGizeh@lemmy.zip
    link
    fedilink
    arrow-up
    4
    ·
    7 days ago

    Take 2-3k for some immediate material niceties i cant afford otherwise, the rest goes to my mom who has probably some leftover obligations from when she bought a little apartment.

  • lichtmetzger@discuss.tchncs.de
    link
    fedilink
    arrow-up
    4
    arrow-down
    1
    ·
    7 days ago

    Pay for new teeth, up my Patreon subscription for my favorite artist by factor 5 and then back some great projects made by human artists on Kickstarter.

    • doingthestuff@lemy.lol
      link
      fedilink
      English
      arrow-up
      1
      ·
      6 days ago

      Luxury beds can run above half a million dollars. How much bed money would you have left bafter paying off your debt?

        • doingthestuff@lemy.lol
          link
          fedilink
          English
          arrow-up
          2
          ·
          6 days ago

          It’s just dumb rich people stuff. Hand sewn camel hair and silk and stupid stuff. They don’t have to sell them everywhere, they sell at a handful of elite shopping locations. The champs Elyse, the Koenigsallee. They go hand in hand with $200k watches and yachts.

  • neomachino@lemmy.dbzer0.com
    link
    fedilink
    arrow-up
    3
    ·
    7 days ago

    Pay off my wife’s student loans which run us like $900/m. With the ~10k left over split it into some HYSA for my kids and my sister.

    The extra $900/m would go towards the principal on our mortgage and maybe we could actually pay it off before I die.

  • I Cast Fist@programming.dev
    link
    fedilink
    arrow-up
    3
    ·
    7 days ago

    Dunno. Probably see what my family needs most first, then check if it’s worth getting a used electric car. If not, keep it around to pay some standing debts.