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?
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
I think 1000 or 2000 for me. I know it’s optimal to put it on my mortgage but that’s an amount I would use the excuse of “having to spend it” to spend it on myself. 20k in cleared debt is like 1.4k yearly expense reduced which really moves the needle. If you pay off 1k a month you’re effectively increasing the payoff rate by 12%.
Like 15 abortions. God I love abortions.
I do not understand that, in my country abortions are free
(ok, not actually free. You need to pay 15 euro for the blood test, a 30 euro tax, 2 euro for the hospital parking fee and around 10 euro to buy the painkiller or antibiotics after the operation)
Dude, I wish I lived in a civilized country. My cancer treatment would have cost somewhere in the range of $5 million without insurance. Healthcare is a human right
Dude, I just got the post-exposure rabies vaccine. Was four trips to the ER at $125 USD co-pay a pop… however, without insurance, I learned it can be as much as like $15k if you don’t qualify for assistance and/or Medicaid.
We really need to take to the streets.
oooOOohh look at mr big spender here with their fancy thousand dollar abortions.
Would make the world a better place than any other kind of charity, tbh.
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.
What if I just melted them into some dubai chocolate and ate it instead? /s
Totally could, but you’d basically just be throwing it in the trash. Big sad, much depress.
Hammering it into gold leaf and covering cheap chocolate bars with it and you could probably at least double your money.
.2 oz troy of gold makes just over a half square meter.
:O Labubu chocolate bars would add at least 20% more.
about 24 loonies if you know what a Canadian dollar coin looks like.
otherwise, it’s about 18 us dollar coins.
I’m not familiar with either.
can I just throw it on my mortgage?
Technically you’re using it to buy a house, so I guess that qualifies as spending it?
Seriously this. Like imagine taking a chunk out of principal like that, you would save thousands in interest!!!
I actually did do that, the advantage of having rich grandparents. It’s amazing how once you get a bit of money the system just throws advantages at you. Capitalism really is broken.
Because I was able to get together enough money to be able to buy a house and put down quite a lot in collateral, my mortgage repayments aren’t very much, considerably less than I was paying monthly in rent, even when you take into account that the rent included water bills.
Same, but substitute rich grand parent with being hit by a car in suit happy South Florida.
I’ve learned reading these comments that way too many people don’t know just how little 20k is.
I could spend 20k in one cart full of items at my local computer store.
It’s not much money, but in Russia I could live decently for ~3.5 years with that kind of money. :)
Shares.
Better answer than “debt” unless that debt is at a high interest rate.
Don’t discount paying off a modest 6-7% car or student loan. That’s a guaranteed and tax free return on investment. Historically the stock market returns about a 7% annual ROI. Not having a payment every month can make a big difference for liquidity and peace of mind
I would count that as “high,” especially when, as you suggest, you consider risk-adjusted rates.
Basically, just don’t prematurely pay off your mortgage if you have one of those 3% ones from a decade ago.
Laser hair removal, car, estrogen
Fool. I’d get laser hair installed!
Which one?
I think I could fit them all in if the car is cheap
Cat > car
I’d use it to pay my mortgage. That would bring me down to like $6k (bought this place a long time ago on foreclosure, so it was cheap but it’s a piece of shit place, so tradeoff). I’d then just pay the remaining 6k from savings and have zero leftover savings (but that would replenish eventually), and be done with it forever. That would feel amazing and take a lot of stress off my fixed income situation.
What’s the interest rate? Rarely is it worth paying off the mortgage.
It’s low, but I’m not employed, living on disability and savings, so the sooner I pay it off the better. I’d be much better off not spending my full payment every month for the mortgage.
In general you are correct though, and I’m not actually in a hurry to pay it off because I don’t have enough to do so. But if I got the bulk of it suddenly for only one day, and could pay the rest from what I already had, absolutely.
Two chicks at the same time
No, I don’t think they are
Fuckin A, man.
What are you going to do with the remaining 19880?
In this economy?
Especially in this economy.
I volunteer at some food pantries, and they could really use the help.
Mood. I reverse psychologized myself into taking a shift as a dishwasher on the same principle. It was at a bar and I made bank from the shift. Definitely interested on climbing the ladder in the future
I’m not sure I follow. You took a dishwasher shift as an act of charity?
Hey don’t harsh my mood. I was trying to resemble some good volunteer work I did in the past to push me out of my comfort zone and show up to my first job in months, even if it was just a dishwasher job. I have severe social anxiety and general anxiety so I was psyching myself up to it. I was working at a very popular bakery for a long time a year ago and quit because my manager and upper management were assholes. I kinda got jaded against people facing jobs and shitty management. I requested a trial shift at a gay bar last week and they really wanted it to work out for me, and the managers were also nice. I also got paid the same money working Back of House as I did in front of house at that awful bakery, consisting of base pay ($13) and a few extra dollars from tips. I’m thinking I’ll move from BOH to FOH in the future when openings pop up. Sorry to rant
I moved to a city and haven’t found food kitchens in the area to volunteer at, which is something I like to do
Gotcha. I’m happy for you finding a place to be comfortable!
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gold coins at the local coin shop
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I clear out the grocery store canned and boxed goods aisles and donate everything to the food bank
I love the sentiment! Food banks/pantries are such a good way to directly help people in need.
But… I had heard that it’s usually better to give cash to food banks/pantries rather than food, that way they can buy what they need generally* at better prices than we can get. But I’m not directly involved in food banks/pantries, so please correct me if I’m wrong.
Of course, if you can get mega deals on real food* with coupons or whatever, then of course that’s better.
**I’d also heard that food pantries get so much cranberry sauce donated during November, but cranberry sauce is nutritionally deficient, and that if you donate food, make sure it’s real food.
Crypto is faster. Even if you believe it’s a scam, you can always just buy $20K worth of ETH and then just cash it out immediately. Would take less than 2 minutes.
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Easy. Second hand electric car with a big range.
Skidsteer, beep beep motherfuckers.
Debt, then idk. Maybe a burger or something?
Look at Mr. Humble Brag here with only $19,980 in debt. Oooooo. So fancy.
;)
A quintessentially American scene I want to see is, a guy wins a flamboyantly decorated game show to the applause of hundreds of thousands of people. The host leans in to ask him what he’s going to spend the money on. He replies all he can do with it is pay off half of his grandmother’s medical debt, and then go to his night shift to work on paying for the other half.
Many years ago, I worked at a fish market and one of the guys who sold us fish during the summer won a big fishing tournament one year where he got a brand new truck and a bunch of money. When they asked him what he was going to do with the money, he said, “Keep fishing until it’s all gone.”
Invest it/ simply convert it to another currency
And that, children, is why the rich get richer.
Wait you mean that in capitalism, the people with a lot of capital have it easier?
Almost as if the more of it you have, the easier it is to make more of it, but if you have none, then you’re shit out of luck and have to agree to be someone’s slave.
