Posted by EliasG
Hopefully he doesn't spend it all. Yikes. And the bank? I hope he doesn't put it in t here and pull less than 1% in interest. He should take 60K and put it in an investment and give it about 7 years and it'll double and he won't have to pray for a KO bonus anymore.
I hope these guys get good financial counseling. The worst thing he could do is buy a car...yikes.
But what if he NEEDS a car?
Investing is a privilege for those in a stable financial situation, so as to allow you the opportunity to take money and place it somewhere else instead of spending it.
Pat Berry needs to pay off his bills and buy a new car. It's good for the soul to be financially free. I know I'd pay off my 50,000 school loan debt before I invested any day.