Any more than that and you would just blow it on crack cocaine and Hello Kitty merchandise.

I've got your number.
Mr. Fabulous | Homepage | 12.29.06 - 10:30 am | #

Hilarious. I thought my student loans were bad!! At least it's "good debt", as they say. As if there were such a thing.
cat | 12.29.06 - 11:05 am | #

Seriously? You're an idiot if you'd use all that to pay off a mortgage and what is probably a low-rate student loan.

Invest it jackass, then use the INTEREST to pay off your debt.

Do I have to think of everything??
Miss Britt | Homepage | 12.29.06 - 11:07 am | #

Three cheers for Miss Britt!

And anyhow keep the mortgage as a tax write off.

Then go get that book by Ben Graham I told you about and turn it into another million or so.

If nothing else just do what Miss Britt says.
RW | Homepage | 12.29.06 - 11:16 am | #

Mr. Fab, you are right. And chocolate.

Cat, yeah, I know.

Britt, I'd rather be free and clear. Paying those off would give us almost unfettered disposable income, and $200-250K in disposable income that can be invested and used wisely is much better than the $50K I'd get in interest from a million in the bank.

RW, I'd probably have enough left over to buy the book. And what's up with the ganging up on me, fuckers?
Avitable | Homepage | 12.29.06 - 11:24 am | #

Well... we're fuckers.

What?
RW | Homepage | 12.29.06 - 12:26 pm | #

First, I would assume the million is free and clear, taxes already paid. That or I'd take the million and flee the country to avoid paying taxes.
The house, meh, it would be good if you knock out the interest on early pay-off, yes, and then you've just increased your equity.
The student loans? They die with you, so why waste paying them in case you die soon? Duh.
annie | Homepage | 12.29.06 - 3:02 pm | #

We are so different. You didn't even mention shoe shopping once.
Mist 1 | Homepage | 12.29.06 - 6:27 pm | #

If I had a million dollars...I'd be rich.

(But, not wealthy.)
Poppy | Homepage | 12.29.06 - 8:12 pm | #

I don't want to think about what you might do with your moral black hole for a million dollars.

Though if I WERE to think about it, I'm pretty sure it would involve electricity, Mr. T, and a potato.
Dave2 | Homepage | 12.29.06 - 9:09 pm | #

RW, yeah, I guess I knew that.

Annie, good point about the student loans. There's just something about the idea of being free and clear that's appealing.

Poppy, you'd be wealthy too!

Dave, that's brilliant. How did you know about my electric BA Baracas talking Potato Head fantasy?
Avitable | Homepage | 12.29.06 - 10:13 pm | #

Student Loans - I'm hoping to die, JUST so I can STICK it to them.
annie | Homepage | 12.30.06 - 1:18 pm | #

Annie, yeah, I sympathize with that.
Avitable | Homepage | 12.30.06 - 5:10 pm | #

you silly boy...you don't have to pay taxes on hypothetical millions!! sheesh!
Dawn (webmiztris) | Homepage | 12.31.06 - 12:48 pm | #

A million dollars? Just a million? That's like....nothing these days. Pfft, I could spend that in a day on stupid crap if I were pressed to do so. Why don't you send me a million dollars and I'll see if I can spend it on stupid stuff, mkay?
Kentucky Girl | Homepage | 12.31.06 - 1:54 pm | #

Dawn, but then the hypothetical IRS will come and get you.

KG, I know. That was my point!
Avitable | Homepage | 01.01.07 - 9:50 am | #

I don't know, but the mental imagery of the whole "electric BA Baracas talking Potato Head fantasy" cracked me up.
I am now going to go try to wash my brain. In whiskey.
(Here thru CP - thought I'd comment since you seemed a bit - firm on that in your disclaimer.)
Melanie | Homepage | 01.02.07 - 5:45 am | #

Melanie, thanks for the visit and comment. I do so treasure my comments.
Avitable | Homepage | 01.02.07 - 7:53 am | #