The generous “gift”
Wednesday, July 9th, 2008Have you ever thought about what you’d do with a lump sum of money if it was given to you? We all talk about what we’d do, how we’d invest it or pay off whatever.
Well my wife came home today and asked me what I’d do with $30 - $40,000 dollars if we had it in the bank. I immediately shout out the most responsible answer I could think of, “pay off your student loan and save the rest. I don’t know, why?” (currently at $31,200).
As soon as I asked the question she handed me a 3 page letter. I noticed it was from the owner of her company. I also immediately noticed it was personalized to her so I eagerly started reading. It started out with the normal fluff… “great job, etc”. But then I damn near shit myself once I got to the second paragraph.
First I must say, with her having the greatest boss one could ever ask for, I feel her boss’ gesture itself should be looked at and admired. So in turn, we’re taking 10% of that money and giving it away to something/ someone. So far, we’ve discussed: Struggling college Juniors and/or seniors needing books to giving some to a specific family member in need. Nothings yet official.
Secondly, now I’m REALLY stuck with the question of what am I to do with “me precious”. My heart says to buy a second rental property for long term income. No better time to do it than now. The way I see it, her student loan is with a 6% interest rate so any investment I’d make would have to get me more than 6%. What better investment than something that will pay me monthly with no overhead? So I’m thinking some will go towards buying and fixing a rental property.
Since the deal is to finalize in weeks, that’s when she’ll get her “gift” from her company. But still I’m sitting here wondering, what would you really do with a small (in the thousands) lump sum of money? We all fantasize about it but what would we really do with it? It’s a problem I’m loving to have at the moment. Life’s good right now.
