MJ2.0
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Post by MJ2.0 on Aug 12, 2015 8:56:30 GMT -5
I would put the $10k in the SP500 and grow it. According to my Phil Script, a lump sum investment of $10,000.00 bearing an annual return of 11% would grow to $228,922.97 in 30 years. are you even going to be around in 30 years?
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wvugurl26
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Post by wvugurl26 on Aug 12, 2015 9:21:26 GMT -5
I checked my pay stub this morning and found a $500 incentive award I didn't know about. I cleared $321.75 after taxes.
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Opti
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Post by Opti on Aug 12, 2015 10:16:32 GMT -5
I will start: -> I would take 2k to take my wife on vacation at the end of August for our 7th year wedding Anniversary -> 5k would go towards our Emergency Fund -> 3k would go towards our student loans that we are working on paying off in the next ~4 years. Nope. Nice try. You got iPhone 6s last week "for your 7th anniversary". You're done buying anniversary gifts. Put the $2k in the emergency fund. You will thank me later. Maybe Haitians are big on gift giving. To themselves and family members.
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shanendoah
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Post by shanendoah on Aug 12, 2015 10:17:45 GMT -5
If it appeared in my bank account today, it would remain liquid to shore up our savings, since we're currently in a SPEND place fixing up the old house for sale. Of course, that would mean I'd have an extra $10k to spend after the sale of the old house, at which point $9k would go toward paying off the undergrad SLs, and the other $1k would likely go into Pop Tart's college fund.
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Opti
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Post by Opti on Aug 12, 2015 10:17:57 GMT -5
So when's my anonymous benefactor coming out of the woodwork with this $10k?
Especially if its in unmarked bills, Krugerrands, or similar.
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phil5185
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Post by phil5185 on Aug 12, 2015 10:28:57 GMT -5
LOL - opps, busted! But our grandkids will inherit it tax-free. (And that's when it will be converted to new & fast automobiles?)
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tskeeter
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Post by tskeeter on Aug 12, 2015 11:47:54 GMT -5
LOL - opps, busted! But our grandkids will inherit it tax-free. (And that's when it will be converted to new & fast automobiles?) So, you're planning on the g-kids stimulating the economy a bit? Maybe they'll follow G-pa's lead and sink it into the downstrokes on a few rentals.
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quince
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Post by quince on Aug 12, 2015 20:21:30 GMT -5
What about if you couldn't be practical with it, or spend it on something you already are planning for? I asked my husband what he'd do if he couldn't hold onto the money, he said prepay our rent and save the money we would have used for that. Not at all in the spirit of the thing.
I might give it to my parents: I'm sure they'd be able to spend it.
New, expensive spinning wheel with all the bobbins. Saori floor loom. Dinner at the French Laundry.
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tallguy
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Post by tallguy on Aug 12, 2015 21:41:35 GMT -5
I'd have to somehow force myself to spend it. Probably on the house. There are some things I would like to do, but I haven't yet pulled the trigger on spending the money that is just sitting there already.
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Opti
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Post by Opti on Aug 12, 2015 22:14:35 GMT -5
I'd have to somehow force myself to spend it. Probably on the house. There are some things I would like to do, but I haven't yet pulled the trigger on spending the money that is just sitting there already. If you have to force yourself to spend it, you should give it to those of us who aren't afraid of spending. I bet if there was a $20K used Tesla just sitting there, you might find the will to spend $20K.
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❤ mollymouser ❤
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Sarcasm is my Superpower
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Post by ❤ mollymouser ❤ on Aug 12, 2015 22:16:06 GMT -5
Donate $1,000 Savings $9,000
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resolution
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Post by resolution on Aug 12, 2015 22:16:15 GMT -5
I would use it to pay for a well in my back yard so I don't have to pull the money from savings.
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Opti
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Post by Opti on Aug 12, 2015 22:16:02 GMT -5
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Jaguar
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Post by Jaguar on Aug 12, 2015 22:47:42 GMT -5
$10,000 US would get me 5 courses at the Monroe institute and that would make me so happy, it would be unbelievable.
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phil5185
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Post by phil5185 on Aug 13, 2015 8:26:41 GMT -5
You can buy his books on Amazon, maybe $15 ea.
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Ombud
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Post by Ombud on Aug 13, 2015 8:39:15 GMT -5
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murphath
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Post by murphath on Aug 13, 2015 10:18:08 GMT -5
The only problem with the French Laundry is that it's a set menu. You have no choice on what you're going to get. Although I love French food, $700 is ridiculous, IMO. I'll cook it myself. Or buy a ticket to France during the off season?
$10,000 would go:
$6,000: bathroom redo $4,000: new kitchen countertops (quartz??)
Then I only need to repaint the interior doors/frames and all my reno work will be done!
I want a barn door, too, Ombud. Where are you getting yours for $125
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Deleted
Joined: Sept 30, 2024 14:21:01 GMT -5
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Post by Deleted on Aug 13, 2015 10:55:39 GMT -5
You know, I can't think of anything other than giving some away (maybe to DGD's 529 plan) and investing the rest. Life is good.
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GRG a/k/a goldenrulegirl
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"How you win matters." Ender, Ender's Game
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Post by GRG a/k/a goldenrulegirl on Aug 13, 2015 10:56:54 GMT -5
I've thought about this for a while.
I don't want it.
If anything, I need to lose some income.
My EFC is already absurdly high. I don't need it to get higher.
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