If you had a sudden windfall of money what would you do ? - Social Anxiety Forum
Reply
 
Thread Tools
post #1 of 31 (permalink) Old 09-20-2020, 01:17 AM Thread Starter
SAS Member
 
Join Date: Apr 2009
Gender: Male
Posts: 3,023
This isn't about celebrity type riches and fame I'm just talking about ....like a good enough lottery Jackpot.

I don't care much for being famous.

So here goes....if I had a sudden windfall of money....

In my case I'm thinking of a few 100k because our local lottery usually doesn't cross a million.

I would use some as a downpayment on a house (I still wouldn't buy the house in cash)

In my house I would have a gym room, a music room and a library.

The idea of having something like a Bowflex at my disposal is so tempting .....ah....yes....if only I could afford it.


I'd go back and study and get a 2nd degree.

Save and invest the rest.
VIncymon is offline  
Sponsored Links
Advertisement
 
post #2 of 31 (permalink) Old 09-20-2020, 03:23 AM
Pesky Pessimist
 
Blue Dino's Avatar
 
Join Date: Aug 2013
Posts: 7,245
Pretty much doing anything that allows me to stay in my comfort zone, and only venture out of it as my own pace and leisure.

The truth is strictly what the ones in power perceives it to be.

Enjoy any good things, even the little and menial ones, as you will never know what impending distresses could descend upon you in a moment.
Blue Dino is offline  
post #3 of 31 (permalink) Old 09-20-2020, 05:15 AM
SASsy
 
Cletis's Avatar
 
Join Date: Oct 2011
Location: Area 51
Language: King's English
Gender: Male
Posts: 18,010
My Mood: Pensive
Invest it and spend the earnings. I would never touch the principal.
Cletis is offline  
 
post #4 of 31 (permalink) Old 09-20-2020, 11:02 AM
SAS Member
 
Join Date: Jul 2014
Location: State Home for the Ugly
Age: 33
Posts: 4,781
My Mood: Fine
Just not having to work again would be far better than anything I could potentially buy. Anything beyond that can go to immediate family and relatives. And if I still had some left over, I'd spend it on grub. Upscale grub from around the world. Being financially secure, not having to constantly put myself in situations that stress me out and stuffing myself with delicious food every day would hugely raise my quality of life.
ScorchedEarth is online now  
post #5 of 31 (permalink) Old 09-20-2020, 02:14 PM
Barbells and kittens
 
JH1983's Avatar
 
Join Date: Nov 2013
Gender: Male
Posts: 3,682
For a few hundred thousand I'd pay my house and vehicle off in full. Free up that monthly income and save on the interest. Make a few improvements around the house including adding a detached garage.

Would definitely improve on my home gym I started earlier this year. Would get rid of the cheap stuff I have now and get a nice setup. I have an old car I would LS swap too. Then save and invest the rest.
Posted via Mobile Device
JH1983 is offline  
post #6 of 31 (permalink) Old 09-20-2020, 03:16 PM
SAS Member
 
Join Date: Mar 2017
Location: Rainforest <-> Tundra
Gender: Female
Posts: 1,966
My Mood: Bored
Put it towards a downpayment. I need a new place to live in the midterm future (in the next 5-7 years).
leaf in the wind is offline  
post #7 of 31 (permalink) Old 09-20-2020, 03:50 PM
bipolar
 
harrison's Avatar
 
Join Date: Apr 2012
Posts: 16,095
If it was just a few hundred grand I'd just put most of it somewhere where it was at least earning something - and then move to Bangkok.

Your money goes a lot further up there and I'll most likely be doing it anyway. (well, not move but spend part of the year there)
harrison is offline  
post #8 of 31 (permalink) Old 09-20-2020, 04:14 PM
SAS Member
 
Raies's Avatar
 
Join Date: Nov 2016
Location: Up North
Gender: Male
Age: 27
Posts: 1,398
My Mood: Fine
Idk. Probably put into my savings.

Investing on us markets is a bit difficult from here on smaller sums, and I don't know anything about my own country's markets.
I would like to invest it though. We'll see when I am in a position where I can start doing that (Since I already have savings waiting for that, but I don't have the time to get doing it..)
So the fate of any more money is the same pretty much.

"If you need a safe space, see a therapist" - Jordan Peterson
Raies is offline  
post #9 of 31 (permalink) Old 09-20-2020, 04:25 PM
SAS Member
 
cmed's Avatar
 
Join Date: Oct 2009
Age: 35
Posts: 3,007
Buy a house with cash and put the rest in the S&P 500 for at least 20 years, then move it into a managed payout fund once it's had plenty of time to multiply.
cmed is offline  
post #10 of 31 (permalink) Old 09-21-2020, 02:39 AM
Big Boo's Haunt
 
SuperSky's Avatar
 
Join Date: Feb 2011
Location: Australia
Age: 31
Posts: 3,933
Probably give it to my parents so they can retire without my dad being so stressed.

**** you and your mandatory custom signature.
SuperSky is offline  
post #11 of 31 (permalink) Old 10-04-2020, 08:15 AM Thread Starter
SAS Member
 
Join Date: Apr 2009
Gender: Male
Posts: 3,023
Quote:
Originally Posted by SuperSky View Post
Probably give it to my parents so they can retire without my dad being so stressed.
But how does that help you with your life ?
VIncymon is offline  
post #12 of 31 (permalink) Old 10-04-2020, 08:26 AM
SAS Member
 
chrisinmd's Avatar
 
Join Date: Jun 2014
Location: Maryland
Language: English
Gender: Male
Posts: 1,295
Buy my dream home. Nor more mortgage or rent payment. Then travel where I have dreamed of going
chrisinmd is online now  
post #13 of 31 (permalink) Old 10-05-2020, 01:58 AM
Big Boo's Haunt
 
SuperSky's Avatar
 
Join Date: Feb 2011
Location: Australia
Age: 31
Posts: 3,933
Quote:
Originally Posted by VIncymon View Post
But how does that help you with your life ?
Relieves me of some of the guilt/shame of freeloading off them for my first 23 years. Plus it feels bad to me that they have to keep working at 65+ years old when their friends are retired.

**** you and your mandatory custom signature.
SuperSky is offline  
post #14 of 31 (permalink) Old 10-05-2020, 03:15 AM Thread Starter
SAS Member
 
Join Date: Apr 2009
Gender: Male
Posts: 3,023
Quote:
Originally Posted by SuperSky View Post
Relieves me of some of the guilt/shame of freeloading off them for my first 23 years. Plus it feels bad to me that they have to keep working at 65+ years old when their friends are retired.
Hmm...ok. I guess ( shrugs shoulder )

I just thought ..you know..you would think about doing something for ....yourself.
VIncymon is offline  
post #15 of 31 (permalink) Old 10-05-2020, 08:39 AM
SOS Member
 
jim11's Avatar
 
Join Date: May 2011
Location: In front of my computer
Gender: Male
Posts: 4,554
My Mood: Scared
I'd invest it on the hottest girl I could find...Haha talk about bad investment.
jim11 is online now  
post #16 of 31 (permalink) Old 10-05-2020, 08:56 AM
SAS Member
 
SparklingWater's Avatar
 
Join Date: Jan 2013
Posts: 3,530
Pay off debt, buy a small home, a modest car, help out my family, invest the rest.
SparklingWater is offline  
post #17 of 31 (permalink) Old 10-06-2020, 01:03 AM
Big Boo's Haunt
 
SuperSky's Avatar
 
Join Date: Feb 2011
Location: Australia
Age: 31
Posts: 3,933
Quote:
Originally Posted by VIncymon View Post
Hmm...ok. I guess ( shrugs shoulder )

I just thought ..you know..you would think about doing something for ....yourself.
Guess I could use some of it to move away from my annoying neighbours but money doesn't go very far in the housing market here. I get too nervous doing things anyway so there's a lot of things I could spend it on that would make me more nervous than doing nothing. So I figure let my parents buy a cheaper retirement property up the coast and I'll just visit sometimes.

**** you and your mandatory custom signature.
SuperSky is offline  
post #18 of 31 (permalink) Old 10-06-2020, 01:08 AM
SAS Member
 
Famous's Avatar
 
Join Date: Sep 2011
Posts: 3,333
Pay off my house of course, then sell it and move to a rural location.
Famous is offline  
post #19 of 31 (permalink) Old 10-08-2020, 01:29 AM
SAS Member
 
RelinquishedHell's Avatar
 
Join Date: Apr 2012
Location: Vancouver, Washington
Gender: Other
Age: 30
Posts: 16,565
My Mood: Mellow
Quote:
Originally Posted by Famous View Post
Pay off my house of course, then sell it and move to a rural location.
I've always dreamed of that too. Somewhere remote, beautiful, and peaceful.
RelinquishedHell is offline  
post #20 of 31 (permalink) Old 10-08-2020, 06:38 AM
zkv
SAS Member
 
zkv's Avatar
 
Join Date: Feb 2020
Posts: 239
Get the electric guitar fixed, get the desktop computer fixed if possible. The rest of it goes to my parents. The 'living with your parents' tax is skyrocketing these days.

Flowers will grow from these wounds.
zkv is offline  
Reply

Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page



Posting Rules  
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

 
For the best viewing experience please update your browser to Google Chrome