street
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
I wanted to share some news my son/wife received yesterday. My son was approached by a water transport company a month ago (reliable well-known national company) about buying water from him and to cross his land. In this area there is some oil activity, and they will need water for a new well.
So, yesterday he signed the agreement to the deal and offer. The amount will be in the neighborhood of 200K plus, with work starting in April and will be paid about a month after work is done. Work will about 3 weeks or so.
Both him and his wife have high income professional careers and one even with a pension. I don't know their finances, but they should be doing very well.
My question is if you are a mid-age 30-year-old how would you manage this windfall of money? It is also a very real possibility that they could use and buy more water from him again in the future.
Note: I would never tell or ask this question to any other than you people here. It is nothing to spread around. I have never directed or steered my son in any financial direction and may not even with the advice and opinions you give me. If he would ask, I would be ready for your answers you offer me.
Thanks
So, yesterday he signed the agreement to the deal and offer. The amount will be in the neighborhood of 200K plus, with work starting in April and will be paid about a month after work is done. Work will about 3 weeks or so.
Both him and his wife have high income professional careers and one even with a pension. I don't know their finances, but they should be doing very well.
My question is if you are a mid-age 30-year-old how would you manage this windfall of money? It is also a very real possibility that they could use and buy more water from him again in the future.
Note: I would never tell or ask this question to any other than you people here. It is nothing to spread around. I have never directed or steered my son in any financial direction and may not even with the advice and opinions you give me. If he would ask, I would be ready for your answers you offer me.
Thanks