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  Topic: I Won small lottery. Looking for input.
bubba

Replies: 10
Views: 19992

Post image iconForum: Credit & Loans   Posted: Sat Mar 05, 2016 11:51 pm   Subject: I Won small lottery. Looking for input.
The car is worth about 14 to 15k . It's a 2010 mazdaspeed3. So the loss isn't horrible.

I really do appreciate your insight on this. Looks like I have some real research to do on investments. As f ...
  Topic: I Won small lottery. Looking for input.
bubba

Replies: 10
Views: 19992

Post image iconForum: Credit & Loans   Posted: Sat Mar 05, 2016 6:59 pm   Subject: I Won small lottery. Looking for input.
FYI - there have been studies on lottery winners, on average they are broke again in about 7 years. Usually, instead of keeping the lump sum intact and investing wisely, they pay off the car, pay off ...
  Topic: I Won small lottery. Looking for input.
bubba

Replies: 10
Views: 19992

Post image iconForum: Credit & Loans   Posted: Sat Mar 05, 2016 6:53 pm   Subject: I Won small lottery. Looking for input.
What are the interest rates on the 3 loans?
And how is your credit score? (Paying off consumer loans may or may not affect your house purchase).

Car-'5.5%
Student loans-6.6%
Credit card-11%

...
  Topic: I Won small lottery. Looking for input.
bubba

Replies: 10
Views: 19992

Post image iconForum: Credit & Loans   Posted: Sat Mar 05, 2016 4:34 am   Subject: I Won small lottery. Looking for input.
Ok, as the title says, I won a good amount in a recent lottery ($41,000) . I have some debts such as car loan, student loan, and credit card. I guess my question is would it be smart to pay off every ...
 
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