Hi fans and friends!
Wow. $100,000.00 sure is a lot of cash all at once. It’s definitely something worth dreaming about! Now I want to give you something else to start thinking about. What would you do if you won the PCH $100,000.00 Cash to the Rescue Sweepstakes? Would you splurge immediately and take a luxury vacation or are you more the type who would invest your cash winnings wisely and put your money to work for you?
That sure is a lot of cash all at once! Winning $100,000.00 can be pretty intimidating, especially if you’re not used to having that kind of money in your bank account. The smart thing to do would be to fight back against the temptation to spend it all at once and, instead, invest the money, or at least a majority of it, so you can make that money work for you over the long term and save up a nest egg for retirement.
Of course, the first order of business should be to pay off your debts. But once that’s done, here is a short list of investment options I put together for the rest of your money. Are you ready?
- Invest in Yourself
Hands down, one of the best investments you can make is to invest in yourself! Why not finally get that degree you’ve always wanted? It can go a long way toward insuring a successful career so you can earn a higher income and keep that dream of financial security alive and well!
- Invest in Real Estate
Have you ever pictured yourself as a landlord? Real estate can be a strong investment opportunity if you’re looking to turn your winnings into a long-term source of income. The key is to buy a property that can promise positive cash flow every month.
- Maximize Your Roth IRA and 401k Contributions
If you work for an employer that matches your retirement plan contributions, then having an extra $100,000 on hand will give you the cushion you need to maximize your Roth IRA and 401k contributions. This is smart investing because these are tax-deferred accounts, so your investments will be able to accumulate interest, and then accumulate interest on the interest, without ever incurring any taxes on those gains until you choose to retire
4: Put Money in a High Yield Savings Account
If you’re looking for a reliable source of short-term investing, then putting your winnings into a high yield savings account is a great option. This type of account is ideal because the payouts are guaranteed. Just don’t let the term “high yield” fool you; these types of savings accounts don’t provide the groundbreaking yields the name implies. They simply produce higher yields than traditional savings accounts. For this reason, high yield savings accounts are best saved for short-term investment plans.
- Invest in Charitable Organizations
There may not be any monetary return on the money you put into this investment, but the rewards can be outstanding! Many of our winners have told us how they gave back to the community after they won and how it enriched their own lives. Take Leroy Faulks, who won a cool $1 Million Plus $5,000 A Week For Life! He and his wife donate to the American Cancer Society, churches, their local soup kitchen and more. People like him with such big hearts give back all the time. And he feels blessed to be able to do it. Donating to charity would give you a sense of pride knowing your money is helping others to achieve their dreams as well. You can’t put a price on that!
So, if you’re ready for cash to save the day, then enter the PCH Cash to the Rescue Sweepstakes now! Enter today and then visit pch.com tomorrow and enter again. You can enter once a day, every day, up until the deadline of 11:59 P.M., ET, 2/18/17. So start entering now and you never know. You could be deciding just how to spend or invest $100,000.00 very soon!
For PCH Creative
P.S. Let us know in the comments section below how you would invest your money if you won the PCH $100,000.00 Cash to the Rescue Sweepstakes!