I have asked this question to countless people (mostly in hair salons) as an alternative to small talk, and it always yields interesting results.
Rules:
- You get the money right now, right where you are. If it’s 10pm and you’re in the middle of nowhere, your money will still go poof at 11pm.
- As a result of the above, tell us what time it is and roughly where you are (big city, desert, small town, …)
- You must spend the money. You cannot give it to someone to hold on to it for you for a while.
- Normal world rules apply, e.g. you cannot buy a $250k car at a dealership in 1h in cash, and you cannot buy a house in 1h either.
- Remember that getting from where you are to the place you need to go takes time. Factor that in!
Edit: I’m glad you guys had fun with this one. Feel free to post similar hypothetical questions. I kinda like these.
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8pm here. I’d buy a house using some house buying mobile app. I’d probably sell it afterwards when the time is right and add the money to my investments.
Buying some type of investment property was my first idea too, but this raises a good point. If the original question was that you had one hour for the funds to actually clear before they are taken away then I don’t think buying a house would be an option.
Can you pay in cash on “some house buying mobile app”?