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Any of the following:
Ill buy a shit ton of gold with it
does buying investments count as spending?
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.
Would have to be cover the roof in solar panels and a battery set-up. Suddenly no electricity bills would be sick, then you add the potential to make money however miniscule instead... With no up front real cost it's a no brainer to me
Paying less than 20k due to conversion of my 85k UK student loan debt wouldn't be worth it
Define spend. Other people are talking about converting it to stocks, but that feels like cheating, since if you're already set up for that it's like a bank account that goes up and down a bit.
I also thought of a used car, since I can definitely spend that much on it today, it's probably worth about as much tomorrow, and it's a physical thing that definitely counts as a purchase.
If it has to be things I can't ever resell, I'd be at a loss. Maybe a bunch of radio kit on Amazon and a good meal.
gold? No, silver!
A different currency
Pay off debt, no question.
Buy the cheap old beater down the road from me. Pay my truck down and sell it. The rest goes to the house.
Index funds
I’d buy stock, bonds, or perhaps a lifetime supply of an air freshener. We’ll see.
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.
Debt. Though honestly I'd ask my extended friends if they wanted to a down payment on a house first.
I don't think anyone is stuck renting but if I could fix that in a day I'd check with everyone
Skidsteer, beep beep motherfuckers.
Goodbye student loans! If there's money left over I'd have to decide between something hot to wear for the wife (and maybe for others) or replacing my terrible and broken computer monitors. But let's be real the only thing left over will be debt.
Something like SGOV until I figure out what to do with it.
3-4% APY sitting around is nice.
Gold.
~~Deposit for a house~~ no I'd never get the paperwork together in time
~~Car~~ maybe, but I havent got a full license yet
Bad boy gaming PC, Katwalk, as many peripherals as I can find and a pallet or two of wholesale tinned food.
We could really use a second vehicle. I want one of those Japanese trucks with the tiny engines and folding truck bed. Good on gas and can still haul things around for diy projects.
Anything left over would go to a GoFundMe or a Gaza aid relief. If I already had that second vehicle id probably donate half and invest the other half into gold, for emergencies.
Buy a car, finish paying off a loan, get a shed and greenhouse in the back yard, some landscaping
That's easy. Heat pump & bathroom remodel.
I volunteer at some food pantries, and they could really use the help.
Student loans... Oh wait.
Put it in retirement accounts.
That's saving, not spending... Those things don't hit the accounts for something like 48 hours.
I thought it was investing in my future (buying mutual funds).
Last one I did showed up on my account the same day.
I'd spend about $3k on something unreasonable like a bottle of scotch. Or maybe several $500-750 bottles I will actually drink soonish so I don't end up never opening the $3k bottle always waiting for the right time. I'd also get my wife a nice bag in a price range she would rarely get for herself, so another $2-3k. The rest would go in my brokerage.
I have a car dealership right next to my office. And I'd really love to retire my 20yo car
I'd spend half on hookers and blow, the other half I'd just waste
I tried to look for this GIF and failed. I posted the clip on YouTube though. lmao
