If you won on a lottery scratch off ticket?

[billg27]

If you won $100,000 clear after taxes, would you buy a couple of new Transits and outfit them for drivers? I've been watching this and I believe the first response would be no, save the money. But, these vans would have no payments on them. Does everyone still feel it's too risky? Thinking it could potentially provide a retirement income for me.


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[ntimevan]

Lots of possibilities .... myself i would use half of the money for new van purchases ... 1/4 th towards van upfitting and start-up expences .... 1/4 to the Wife to relax and put in bank ....

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[OntarioVanMan]

At my age $100,000 is more than enough to forget this business I don't need the income I could put that in a CD paying over 5% interest and that would be about the same income is a cargo van is going to bring me without the headaches

 

[fastman_1]

At my age $100,000 is more than enough to forget this business I don't need the income I could put that in a CD paying over 5% interest and that would be about the same income is a cargo van is going to bring me without the headaches

Yep me to.


Lost in Space.

 

[Ragman]

.... I could put that in a CD paying over 5% interest....

Where can you get 5%? I want some of that!

 

[OntarioVanMan]

.... I could put that in a CD paying over 5% interest....

Where can you get 5%? I want some of that!

Yeah you're right me to this day I looked up was 2.3 but I'll still take them

 

[scottm4211]

I personally wouldn't. Too many things I have little or no control over, least of which most van drivers are flakes (myself included).

 

[Moot]

Says the man with three vans.

 

[scottm4211]

But they're mine

 

[Moot]

If you won $100,000 clear after taxes,

Those casino layovers must have paid off!

 

[xiggi]

I'd move to the Philippines.

 

[LDB]

Nope. That $100k would be worth $70k a week from Tuesday and $10k in 7-8 years. Yeah, there's income being generated but the 60/40 split of van revenue minus expenses isn't going to be much. I'd find two really good houses I could lease out and put $40k down on each one with a $10k Murphy repellent reserve for each. A week from Tuesday they're still going to be worth 99-101% of what they're worth today. In 7-8 years they're going to be worth far more than $10k, hopefully more than today. They're going to generate a monthly income probably equal to the split on a pair of vans and they'll still be doing the same not only in 7 but 17 and 27 years from now when the van is almost nothing but rust dust.

 

[xmudman]

One new van, bank the rest.

 

[ucfd608]

I would buy that hundred acres of land in Kentucky I have been looking at an go live off the land like the Alaskan bush ppl

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[Treadmill]

I would buy that hundred acres of land in Kentucky I have been looking at an go live off the land like the Alaskan bush ppl

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I know a driver who did that once and came back out to drive again.

 

[fastman_1]

I'd move to the Philippines.

That sounds familiar!


Lost in Space.

 

[ucfd608]

I know a driver who did that once and came back out to drive again.

I would still drive some I would put someone in my truck I have now

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[Slo-Ride]

I would buy that hundred acres of land in Kentucky I have been looking at an go live off the land like the Alaskan bush ppl

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Does KY have enough dirt to grow things? I see nothing but rock.

 

[geo]

buy rv and go down the road slow and in way of all van's, straight truck's and tractor trailers

 

[ucfd608]

Does KY have enough dirt to grow things? I see nothing but rock.

Grow rock plants

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