Damn. And I thought for sure you were going to buy a Ferrari.

 

ferrari 308 gts.. mmm secks.. pullin hos magnum style

 

investing $80k today would turn into $500k in 20 years if you got decent interest. better to invest it, live a normal life now, and retire on the beach in 20 years

 

You need a 9.2%+- return to be able to have $500K from $80K compounded daily for 20 years.

Now being that real estate has improved by 17.8 percent last year - even with a great return for 9.2% you would still behind the game after one year.

So, even if you had $80K to turn into $500k in 20 years, that $500K will be buying you much less. (and you can pretty much forget the condo on the beach)

Better off to spend the money like BBB suggested and at least have a picture of what could have been...

 

not necessarily. obviously real estate is going to improve, but $80k wont buy you shit for a house these days. A 9.2% average interest rate is realistically possible with a decent fund, and no matter how you look at it, $500k will STILL be a lot of money in 20 years. it might not buy you a place on the beach outright, but it'll be enough to pay bills etc. if the rest is left in the fund to continue compounding during retirement. spending $80k all at once is most definetly a big mistake.

 

Yeah. It'll be worth about what 80K is today.

 

I inherited money- might be your last time- I paid off my truck, the rest is going for a new home.. But if you want to have fun with your money get the RED one, and take the blue pill.

 

probably not THAT much. maybe like what 200k is today.....

 

Actually exactly $500K - HAHA - PV 80K 9.2%= I n=365*20 FV=$500K

Good one Chuck!