Monday, January 7, 2013

What would you do with 50K?

What would you if you received a one time gift of $ 50,000?

I don't know where I came up with this amount of money, but for some reason this morning while I was at work, I just thought, what would I do with that money? Would it radically change my life, my world, or my financial situation? Probably not.

It is early in the year, and we are all still working hard at our resolutions, and dreaming a little. Here is what I would do.

Give 5,000 to the church or to a ministry that I really believe in.

I would invest 25,000 in my retirement

I would put 10,000 towards our home

I would put the last 10,000 towards a killer vacation for P and I. P works long crazy hours, and I know he would love nothing more than to take a totally crazy wild adventure trip.

So I spent that money really quickly. Well, at least in my head.


What would you do with $50,000?


~Carla~ said...

$50K.... Wow. I'd love it for a down payment on a house... You offering? ;) lol!!

Heather said...

Pay down debt...or buy a very large parcel of land out in the boonies :-)

M. at Making Sense of Cents said...

Pay my student loans and probably splurge a little :)

Brooke said...

pay down my mortgage.

Stephanie said...

Great question! I'd put 30k towards a house, 12k would pay off our car, 2,500 would pay off our last credit card and the rest would be for a sweet, relaxing vacation :o)

TorontoRunner said...

ooooh 50k eh.. I'm a saver, so I'll probably save a lot of it..and put it towards houses and things like that!

Denise said...

Ditto !!!