Mortgage, no question.
$20,000 worth of low-fee S&P 500 index fund
Hookers & blow!
Another currency.
Paying off my credit card and sending the rest to my local LGBTQ+ support/advocacy group.
Debt
I would by new fridge , microwave, toaster and air fryer than buy groceries , some clothes but donate the old , buy some furniture and new bed ,Hire home organizer and cleaner for day than Donate whatever money left to my women center
Dental work (fixed), pay off credit card & bills for that month, buy new clothes. Maybe get a new laptop frame.work & phone (like Pixel that can be flashed with Paranoid Android). Hair transplant if it can be done that same day.
If we’re being serious? A bunch of groceries, a couple of household things that I’ve been holding off on buying, and the rest goes into gold.
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 guess if it was a few hundred, I would just put it in the bank with the rest of my money where it would go towards food, bills, and any other day to day expenses. Probably anything over $1000 would go directly towards debt.
EDIT: I forgot about the by the end of the day rule. I can’t just save it for later. We’d do a Sam’s club run and put the rest towards a bill.
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%.
It would either go to the principal my mortgage or to Procter and gamble stock
Edit, actually right now I’d buy the rocket lab dip with half, then the other half to mortgage principal
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.
Laser hair removal, car, estrogen
Which one?
I think I could fit them all in if the car is cheap
Fool. I’d get laser hair installed!
Cat > car
Two chicks at the same time
No, I don’t think they are
Fuckin A, man.
In this economy?
Especially in this economy.
What are you going to do with the remaining 19880?
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.
Yeah, paying off loans.
Alternatively and less boringly, upgrade my desktop and peripherals, new laptop for me and my wife, get nice homelab/server stuff, smart home stuff/sensors, surround sound system for my family room and office/gaming room, proper furniture for my office, new matresses for almost every bed in the house. That would most likely eat most of it, give or take ~$2,000.
Yeah I could probably spend almost all of that on just Ubiquiti gear
Ooh sensors would be nice
