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If you had to spend $40,000 in one day, what would you do/buy?
- Thread starter MoodyMedStudent
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The biggest, most expensive, Mac Pro with every single feature and accessory the online store lists. Including things I don't need and wouldn't even know how to use.
OK, that comes to CDN $24,283.85 so I still have $15,716.15 left.
I could get last year's clearance priced Smart Car for that.
So - Whomping Big Computer and a new car. Not bad.
OK, that comes to CDN $24,283.85 so I still have $15,716.15 left.
I could get last year's clearance priced Smart Car for that.
So - Whomping Big Computer and a new car. Not bad.
buy a used BMW 335i.... like 08 or 09
get 20 Big Macs
Buy a gym membership....
Cheetos! and some shoes,,,
Ink for my printer...
Go to costco and buy snacks...
get 20 Big Macs
Buy a gym membership....
Cheetos! and some shoes,,,
Ink for my printer...
Go to costco and buy snacks...
I'm pretty sure anyone saying "stock!" or some other investment violated this condition:
I'm import an S204.
I'm import an S204.
You do understand that the gym membership isn't going to help you fix your eating problem right ?
Losing weight is 90% about food intake.With 40,000$, I'd pay for asphalt in my driveway, a new patio in the backyard and probably an in-ground pool.
Better include a pool heater too.
And should that not be 40.000,00$, in backward-speak?
My sensible half says "down payment on a house". But I'm in school and couldn't afford the payments, and have no idea where I'm going to end up living.
The plus side to that is, that means if I have to spend it today, then I can blow it on a bunch of crap.
I'd buy a used Subaru Impreza WRX STi. I figure about $25k for a reasonable one. Upgrade my computers for $5000, and upgrade my home theatre setup for probably another $5000. Say another $2500 or so to take some of my really good friends out for a really nice dinner, and donate the remaining $2500.
Or something.
The plus side to that is, that means if I have to spend it today, then I can blow it on a bunch of crap.
I'd buy a used Subaru Impreza WRX STi. I figure about $25k for a reasonable one. Upgrade my computers for $5000, and upgrade my home theatre setup for probably another $5000. Say another $2500 or so to take some of my really good friends out for a really nice dinner, and donate the remaining $2500.
Or something.
I remember way back in the early '80s Bill Gates was making an enormous
Amount of money per day. I forget if it was $100,000 or $million per day, but few of at university said how wonderful it would be to have "problem". A friend, older and wiser, challenged us to actually spend that money. We couldn't.
It's easy enough to say you'd buy x or y ... But by the time you actually finish shopping for the house, car, jewelry, you have two days more money to spend. It's just too hard for people who aren't bred, born, practiced at it to spend that kind of money. Of course one of the rules was that you couldn't just give it away.
Amount of money per day. I forget if it was $100,000 or $million per day, but few of at university said how wonderful it would be to have "problem". A friend, older and wiser, challenged us to actually spend that money. We couldn't.
It's easy enough to say you'd buy x or y ... But by the time you actually finish shopping for the house, car, jewelry, you have two days more money to spend. It's just too hard for people who aren't bred, born, practiced at it to spend that kind of money. Of course one of the rules was that you couldn't just give it away.
I think anyone could spend it. Spending it well, on the other hand, would be almost impossible.
I'd use it to pay off student loans.
Truth. I would also heavily modify my car.
WRONG !!!!
Nothing could be further from the truth.
Paying of debt is MASSIVELY more important than any other transitory impulse buy.
Spending more money is always easy. It's something you learn rather quickly too. The more raises and bonuses I get and the more money I make, the less of it I have.
That is very true. But I fail to see how it pertains to the post I was commenting on, which is whether someone can find a way to spend $100,000/day.I could spend it... but I wouldn't be spending it very well. Unless we decide that donating to good causes counts as "spending".
If I was getting 100k a day, I could probably buy things the first few days (a decent house, new car, some random toys like a new camera and an even nicer home theater system) but I would never be able to spend that much for very long.
I would not buy stuff like a yacht or airplane for a long while because I would just plain never use them.
I would not buy stuff like a yacht or airplane for a long while because I would just plain never use them.
Spending more money is always easy. It's something you learn rather quickly too. The more raises and bonuses I get and the more money I make, the less of it I have.
I could spend it... but I wouldn't be spending it very well. Unless we decide that donating to good causes counts as "spending".
It's not hard to spend $100,000 ..... but what is hard is spending $100,000 a day. Keeping in mind that when we dreamt up this exercise it was the '80s and things were cheaper.
Buy a car. It's going to take the better part of day to buy a car in that price range. Lets say you go all out and get a $125k car. Shop and test drive one day. Take delivery the next day. Now you have another $75k to spend. Go clothes shopping. If you manage to spend $30k on clothes (!) You still have $45k carrying over to the next day. Even if you have blow out dinner.
Next day, go house shopping. It takes a week, minimum, to close a deal - even if you find what you want on the first day. So, the house had better be at least $700k.
Ok, now what? You own a house (or you will in a week) and car, spiffy threads.... So you go travelling. Count on a day to get from your home to London, NYC, Paris, Toronto, Berlin, Tokyo, HK, etc. Remember, while you are in the plane you are still getting that $100K, and no matter how much the 1st class ticket, hotel, limo cost... it ain't gonna be no $100k. More to carry over tomorrow.
I'm not advocating this as a meaningful way of life. My point is that us plebes are not bred/trained/taught to spend this kind of money on an ongoing basis. Oh, we can figure out what to do with $40,000. But if we ever got our hands on real wealth we'd have a much more difficult time dealing with it.
That's just 36.5 million $ a year. Again, not so hard. Get a 250,000,000$ mortgage for your main home, a 100,000,000$ mortgage for your beach house and a 50,000,000$ mortgage for your downtown penthouse.
Spend the rest on clothes/food/staff.
You're now set for a few years of spending 100,000$/day.
Some of you guys are really lacking in the imagination department with your 700k$ homes.