FYInance

Posts Tagged ‘spending’

devastating phenomenon. It wipes out the middle class by destroying the value of cash, savings, bonds and other paper instruments. But, how does it affect stock markets? With the Federal government just having added .2 trillion in Fannie/Freddie liabilities of which about 0 billion will likely default, the Federal Reserve having now polluted its balance sheet by some 0 billion worth of toxic mortgage bonds with a 41.6% default rate (1 billion in likely defaults), an …

Today we are going to have some fun and ask everyone to join in to tell us what they would do with some extra cash. Let’s make it educational and also fun. You don’t have to spend time thinking and come up with a perfect answer, just whatever you feel like doing with the cash.

I will start by interviewing one of our readers below. But please join in whenever you like.

“If I have lots of extra money, the more the better of course, then I would purchase a cruise to Alaska for my mother, a destination which has been on her wish list for more than 60 years. If there was any money left over from the sale, I would prepay her expenses in the assisted living facility she is residing at for the next 6-8 years. If there was still more funds left over, I would pay on my mortgage which I am 7 months behind on. Any further monies would be donated.”

Thank you for sharing. Anyone else wants to share what they would do with some money?