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If I had $150,000...

post #1 of 32
Thread Starter 
OK, OK, we all know about the shopping spree that some hockey mom took recently, but that discussion rightly belongs in PO. KEEP POLITICS IN PO, NOT HERE.



My question to you is, if you had $150,000, what would you do with it?

There are really two questions here:

1) If you were given $150,000 to spend as you wished, how would you spend it?

2) If you were being treated to $150,000 to spend on yourself, how would you?


I will wait a while before posting my own answers in order to not guide this one way or another.

 

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Your = the possessive of you, as in, "Your name is Tom, right?" or "What is your name?"

 

You're = a contraction of YOU + ARE as in, "You are right" --> "You're right."

 

 

Reply
post #2 of 32
Quote:
Originally Posted by Bergermeister View Post

OK, OK, we all know about the shopping spree that some hockey mom took recently, but that discussion rightly belongs in PO. KEEP POLITICS IN PO, NOT HERE.



My question to you is, if you had $150,000, what would you do with it?

There are really two questions here:

1) If you were given $150,000 to spend as you wished, how would you spend it?

a. I would pay off my car, credit cards, etc. Total=about $30,000
b. I would put 50,000 in a CD
c. I would buy a kick ass Home Theater system for $10,000 (TV, sound)
d. I would finish my basement for $20,000
e. I would spend another $20,000 on home furnishings (new bedroom set, basement stuff, etc).
f. I would put $10,000 in my savings account
g. I would spend $5,000 on a honeymoon this April
h. The remaining money would be mad money, gifts, computer shit, etc.

Quote:

2) If you were being treated to $150,000 to spend on yourself, how would you?

I would blow it all on expensive hookers, cigars and scotch.


Quote:

I will wait a while before posting my own answers in order to not guide this one way or another.


Cool thread. Actually that amount of money if kind of weird to think about, because it's not crazy filthy rich territory. Sometimes I think winning $100,000 to $2,000,000 would be harder than winning/coming into $50m.
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post #3 of 32
Quote:
Originally Posted by Bergermeister View Post

OK, OK, we all know about the shopping spree that some hockey mom took recently, but that discussion rightly belongs in PO. KEEP POLITICS IN PO, NOT HERE.



My question to you is, if you had $150,000, what would you do with it?

There are really two questions here:

1) If you were given $150,000 to spend as you wished, how would you spend it?

A. Pay off my mortgage.
B. Our cars are paid off but we desperately need new ones. Buy a minivan for the wife. Buy a small japanese commuter car for me.
C. Invest half of the rest in a CD
D. Split the rest between our savings and my daughter's college fund.
Quote:
Originally Posted by Bergermeister View Post

2) If you were being treated to $150,000 to spend on yourself, how would you?

I will wait a while before posting my own answers in order to not guide this one way or another.

Oh jeez. I would go back to university to get my Masters. Maybe buy a BMW Z4 with the leftover. And the nicest tricked out MacBook Pro.
post #4 of 32
So I have to spend it?

Pay bills.

Pay off some of mortgage.

Pay for preschool.

Insulate house better.

Replace garage door.

Fix walkway up to the house.

Buy some clothes actually. I lost weight so none of my old stuff fits.

Get the timing belt replaced on my car.

I can't bank it huh?

In that case I'd pay my monthly bills with the money and bank my paycheck. Does that count?
post #5 of 32
Quote:
Originally Posted by FloorJack View Post

So I have to spend it?

Pay bills.

Pay off some of mortgage.

Pay for preschool.

Insulate house better.

Replace garage door.

Fix walkway up to the house.

Buy some clothes actually. I lost weight so none of my old stuff fits.

Get the timing belt replaced on my car.

I can't bank it huh?

In that case I'd pay my monthly bills with the money and bank my paycheck. Does that count?

He didn't say you couldn't bank it.
post #6 of 32
Oh! I'd pay the high interest bills and bank the rest.

I thought we were doing it Brewster's Millions style.
post #7 of 32
I have about $6000 in debt, and that would be the first to go.

I would put $50000 in a second college fund for my daughter.

I would give $10000 to my parents.

I would spend $10000 on a holiday.

I would buy a new MacBook Pro

I would spend about $5000 on camera equipment.

I would use the rest to take time off from work and study full-time to get a Master's Degree. Anything left over would be invested.
post #8 of 32
I'm most of the way through spending around $150K on a new house, and some of the stuff to go into that new house, like furniture and home theater equipment. On top of that I'll be throwing in the money from the sale of our old house, which has been sitting in the bank waiting for the construction of the new house to be completed.

I've never burned through so much money so fast before in my life, but at least I have way, way more to show for it than a few outfits.
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We were once so close to heaven
Peter came out and gave us medals
Declaring us the nicest of the damned -- They Might Be Giants          See the stars at skyviewcafe.com
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post #9 of 32
Leave it in the bank and live off the interest. $150 000 @ 7.2%p.a works out to about $207.00 a week. I wouldn't have to work while studying. Hooray! I suppose I could pay my fees upfront too. Which then leaves me less money to earn in interest, So I'd still need to work. But the work money would be going to university fees instead of living.
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post #10 of 32
Hookers + Drugs
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The devils that drive us do not discriminate
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post #11 of 32
"I'm gonna build my own amusement park. But with gambling and hookers! Ah, forget the amusement park."
post #12 of 32
Quote:
Originally Posted by Ninja_Monkey View Post

Leave it in the bank and live off the interest. $150 000 @ 7.2%p.a works out to about $207.00 a week. I wouldn't have to work while studying. Hooray! I suppose I could pay my fees upfront too. Which then leaves me less money to earn in interest, So I'd still need to work. But the work money would be going to university fees instead of living.

Only problem is that's not enough for me... I need $2500 a month to live in HK, ($4000 to live comfortably). At most it would be a slight relief from the pressure, but not a solution for it. For the solution, i have to pay off my debts and also spend directly on my further education. But i also need to support my daughter and i want to do something for the folks for putting up with me during the tough times. And I want to spend a little...
post #13 of 32
buy gold and bury it in the mountains....
:-D * * * * * * * * * * * * * * * *
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:-D * * * * * * * * * * * * * * * *
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post #14 of 32
I have zero debt. So... I would invest it in a variety of growth and maintenance financial tools -- ranging from money markets to cds... The goal being to provide me with enough wiggle room in the future to ensure that I have little to no debt ever and can use the money for both maintenance of lifestyle (which is as you can suspect, cheap) and support of causes that interest me.

As for having to spend it on someone else's dime...

My lappy is dying... New notebook. $3000
Clothing upgrade... let's ballpark it at $10000 (i wear clothing with holes and beach/paint stains)...
New bike for commuting... $4000 (a nice bike for commuting )

Really that's all I can think of now for purchases... I may want to buy some things for my kitchen, but I don't use it so there wouldn't be much point.

I would rather use most of it for taking trips... A sort of permanent and long term slush fund for world travel. I live an adequate life right now and I am on the wrong side of the median income in the US; I save money albeit slowly. It is sad that part of me was thinking about how 150K would be a nice addition to a start up package for a lab -- this was my third thought after the need for a new laptop (which will kill my budget for this year) and clothing...

Now let's put this into some perspective...

At the age of 21, I was handed a check for 45K. Inheritance. 15K of which went to the government and I have no problem with that (in fact, I was and still am surprised it was so little). I still have the 30K even though I have spent around 12K for world travel/electronics (sometimes wastefully) over the last eight years (and my stocks are off 20%). My opinion was that this money is not something I deserved; not something I worked for so it is money that I can grow, but never use in a sense...
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post #15 of 32
Quote:
Originally Posted by tonton View Post

Only problem is that's not enough for me... I need $2500 a month to live in HK, ($4000 to live comfortably). At most it would be a slight relief from the pressure, but not a solution for it. For the solution, i have to pay off my debts and also spend directly on my further education. But i also need to support my daughter and i want to do something for the folks for putting up with me during the tough times. And I want to spend a little...

Wow. Thinking about it I've never realised how simple my life is. Any money I get just goes to food and rent. The rest is saved. I have no other financial obligations at all. Except university fees but that can be paid off when I'm done.
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post #16 of 32
it's not 150k it's really about 90k because of taxes
So pay uncle Sam first or get the IRS on your butt
2nd thing put in the bank and think about it for 4-6 months
My dad always said pay IRS first retirement/education theN
Family then youself...... I have benefited from this in a huge
Way
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post #17 of 32
Quote:
Originally Posted by Ninja_Monkey View Post

Wow. Thinking about it I've never realised how simple my life is. Any money I get just goes to food and rent. The rest is saved. I have no other financial obligations at all. Except university fees but that can be paid off when I'm done.

Well, the trick is to keep that. Never get into debt beyond your student loans. Never use credit cards unless you can pay it off at the end of the month.
post #18 of 32
Quote:
Originally Posted by tonton View Post

Well, the trick is to keep that. Never get into debt beyond your student loans. Never use credit cards unless you can pay it off at the end of the month.

very good advice, also for those that can't manage one dollar how can they manage 100, 1000 or 150k
something like 70+% of those that win a large lottery are bankrupt in 5 years. wow, most people don't know how to manage their money

i'd follow my plan
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post #19 of 32
Bitches man, bitches. It is the cheapest way to happiness. Tons of hookers.
post #20 of 32
First I would spend $10K on some kickass Mac gear.

Then plan how to invest in a business (not stocks, etc.) that I am involved in to grow that $140,000 that remains at about 10% per month (possible, depending on the business invested)...

Would you like me to provide you my PayPal address so that we may kickstart this process?

Quote:
Originally Posted by Bergermeister View Post

OK, OK, we all know about the shopping spree that some hockey mom took recently, but that discussion rightly belongs in PO. KEEP POLITICS IN PO, NOT HERE.

My question to you is, if you had $150,000, what would you do with it?

There are really two questions here:

1) If you were given $150,000 to spend as you wished, how would you spend it?

2) If you were being treated to $150,000 to spend on yourself, how would you?

I will wait a while before posting my own answers in order to not guide this one way or another.
post #21 of 32
Quote:
Originally Posted by Ninja_Monkey View Post

Leave it in the bank and live off the interest. $150 000 @ 7.2%p.a works out to about $207.00 a week. I wouldn't have to work while studying. Hooray! I suppose I could pay my fees upfront too. Which then leaves me less money to earn in interest, So I'd still need to work. But the work money would be going to university fees instead of living.

Quote:
Originally Posted by Ninja_Monkey View Post

Wow. Thinking about it I've never realised how simple my life is. Any money I get just goes to food and rent. The rest is saved. I have no other financial obligations at all. Except university fees but that can be paid off when I'm done.

Yes, life is simple when you are at Uni and living in Australia.
post #22 of 32

if i had $150000 it would not only completely change my life but the lives of my wife(who is disabled) and my four children.

I would pay off my house,my student loans,bank loans,my lawyer and my dad who has loaned me  money to help me keep my house and get custody of my son.I am so stressed out,angry and depressed that i wake up every morning with no hope,wondering why i even woke up,wondering when this nightmare will end.so if i had $150000 i would buy back my sanity so i could be a better husband and father and i would make sure that i never got in debt ever again!!!!!!!!!

post #23 of 32
Quote:
Originally Posted by Omega View Post

Hookers + Drugs

Would like it known that after four years my response would be the same.  

 

Though given inflation my expectations would be lower.

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The devils that drive us do not discriminate
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post #24 of 32

If i have that money then...

1. I will buy an island
2. I will buy house and lot
3. i will give some of it to the needy
4. buy my parents an insurance
5. put up an account for my sister's college schooling
6. Make a business

post #25 of 32
Quote:
Originally Posted by Bergermeister View Post

OK, OK, we all know about the shopping spree that some hockey mom took recently, but that discussion rightly belongs in PO. KEEP POLITICS IN PO, NOT HERE.

My question to you is, if you had $150,000, what would you do with it?


There are really two questions here:

1) If you were given $150,000 to spend as you wished, how would you spend it?
2) If you were being treated to $150,000 to spend on yourself, how would you?

I will wait a while before posting my own answers in order to not guide this one way or another.

Wow. Easy. I'd use $100,000 for a 2nd-hand Gallardo. The rest would go into work/life = change my regular car to a hybrid or Tesla, daily expenses, sustainability (bokashi/ solar/ greywater, carbon offset (especially for the Gallardo though it would be a weekend car) etc. Workwise I would take an intern and pay them $30/hour for 20-30 hours a month, to basically invest and give back to the community through skills training for people my in my state (as in the land, not my "state of mind").
post #26 of 32
Quote:
Originally Posted by Omega View Post

Would like it known that after four years my response would be the same.  

Though given inflation my expectations would be lower.

So Cheap Hookers + Cheap Drugs. Got it :-)
post #27 of 32
Quote:
Originally Posted by nvidia2008 View Post

First I would spend $10K on some kickass Mac gear.


Then plan how to invest in a business (not stocks, etc.) that I am involved in to grow that $140,000 that remains at about 10% per month (possible, depending on the business invested)...


Would you like me to provide you my PayPal address so that we may kickstart this process?



Wow. Reflecting on this post from the end of 2008... I now have enough Mac gear... 2010 MBP 13" with SSD and 8GB RAM, 27" LED Cinema Display, iPad3, iPhone4S... Wasn't quite $10k, and it's more than enough for now.

Hmm... Business... I am freelancing now. I have financial targets but the vision and values are more important.

So, I might actually be on my way! Maybe when I revisit this thread in 5 years time I might already have my Gallardo.
post #28 of 32
Quote:
Originally Posted by sandau View Post

buy gold and bury it in the mountains....

 

Can you tell me which mountain you gonna buried your golds?

post #29 of 32
Quote:
Originally Posted by Tauron View Post

Bitches man, bitches. It is the cheapest way to happiness. Tons of hookers.


Are you sure? Then make sure you have set aside money for the cure of your STD and HIV...

post #30 of 32
Quote:
Originally Posted by fatusmiles View Post

If i have that money then...

1. I will buy an island
2. I will buy house and lot
3. i will give some of it to the needy
4. buy my parents an insurance
5. put up an account for my sister's college schooling
6. Make a business

For $150000, you'd have a hard time completing #1.  certainly not 1 + 2 ... nevermind 3 - 6.

 

me?... I'd consider it college for my kids. (well... part of their college costs anyhow.)

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From out there on the moon, international politics look so petty. You want to grab a politician by the scruff of the neck and drag him a quarter of a million miles out and say, "Look at that!" -...
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post #31 of 32
Quote:
Originally Posted by KingOfSomewhereHot View Post

For $150000, you'd have a hard time completing #1.  certainly not 1 + 2 ... nevermind 3 - 6.

 

me?... I'd consider it college for my kids. (well... part of their college costs anyhow.)

 

 

I have read in Yahoo News that we can buy cheap but nice island! so no doubt i can have it! :)

post #32 of 32
Quote:
Originally Posted by coon6971 View Post

if i had $150000 it would not only completely change my life but the lives of my wife(who is disabled) and my four children.

I would pay off my house,my student loans,bank loans,my lawyer and my dad who has loaned me  money to help me keep my house and get custody of my son.I am so stressed out,angry and depressed that i wake up every morning with no hope,wondering why i even woke up,wondering when this nightmare will end.so if i had $150000 i would buy back my sanity so i could be a better husband and father and i would make sure that i never got in debt ever again!!!!!!!!!

 

 

Too bad! Good luck then!

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