Finance prople, Is it wrong to not spend and keep it at my bank, just in case I suddenly decide to move to France, or I get sick or finally have the guts to start my dream business, or I die so my family can have it?
Fixing the leaky roof finally, then a really good gaming chair, and whatever’s left on a ridiculous amount of fancy snacks. no way i’m letting that money just evaporate.
Probably start a business and use thr as the deposit for a space in the city.
Put it on my mortgage.
giving it to an independent cat rescue shelter
So, this is just the dollar store version of Brewsters Millions, then?
CDs (certificates of deposit)
Boring but effective.
Debt.
Same that would pay off all my debt.
It would cover about 20% of mine
Wouldn’t cover the rest of my house, but it could knock out everything else and that would make a world of difference.
Out of curiosity, how low would that dollar amount have to be for you to opt to spend it on something else? Would it still go to debt if it was only 1,000 or something?
I guess if it was a few hundred, I would just put it in the bank with the rest of my money where it would go towards food, bills, and any other day to day expenses. Probably anything over $1000 would go directly towards debt.
EDIT: I forgot about the by the end of the day rule. I can’t just save it for later. We’d do a Sam’s club run and put the rest towards a bill.
It’s probably highly specific to how much money somebody makes. If my monthly paycheck is $2000, and you give me $1000, I would use that to get ahead by a half a month. If I make $10k a month and you give me $1000, getting ahead by a tenth of a month won’t do much. So hookers and blow all day.
It’d have to be less than a hundred for me personally. A grand less debt? That’s a nice feeling
It would either go to the principal my mortgage or to Procter and gamble stock
Edit, actually right now I’d buy the rocket lab dip with half, then the other half to mortgage principal
blow em’ all on 0DTEs. lambos or food stamps baby.
If it can’t be debt or investments; I’m leaving with 20k of hardware from microcenter.
What are you going to do with your 3 GPUs? Open an AI data centre?
Probably a really nice dedicated racing sim rig and flight sim rig. Either that or really fast super redundant nvme storage on some dual socket thread ripper system with all the pcie lanes to expand my Nas. Maybe 10 gig fiber networking for my house if they have that.
Reduce my mortgage principal by 10k, then invest the other 10k with whatever interest earned to be used to reduce the principal further.
I’ll buy $20,000 of gold. :3
i ran the numbers, and i was surprised to find that $20K would get you about 5 gold coins.
How big are the coins?
*Diameter:1.287 inches (32.70 mm) for 1 ounce coin which is a little less than $5k
You can add value by minting them with a Labubu relief.
about 24 loonies if you know what a Canadian dollar coin looks like.
otherwise, it’s about 18 us dollar coins.
Two chicks at the same time
No, I don’t think they are
In this economy?
Laser hair removal, car, estrogen
Which one?
I think I could fit them all in if the car is cheap
Yeah, paying off loans.
Alternatively and less boringly, upgrade my desktop and peripherals, new laptop for me and my wife, get nice homelab/server stuff, smart home stuff/sensors, surround sound system for my family room and office/gaming room, proper furniture for my office, new matresses for almost every bed in the house. That would most likely eat most of it, give or take ~$2,000.
