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 Posted: Tue May 04, 2010 5:03 pm
This has a small prize, which I'm sorry for... but I'm poor. Honest. Dx
Okay.
If you had 250000 dollars to spend, how would you do it?
Be honest. I'll close this... eventually. I'm not planning on making it a lengthy contest, but I doubt people will take a look at it when they see the small prize.
After all, this is expected to be some sort of writing contest, eh?
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Posted: Tue May 04, 2010 10:26 pm
The first thing I would do, would to be to exchange it for English currency. Then I would pop to the travel agents and book a month tour to see the amazing wonders in China with my best friend. I would also book another trip for us to visit Africa, so that we can see some of the cultural festivals one of my collegues has been telling me about.
I'd put a good chunk of the money aside for setting up a publishing business, as well as using some of the money for necessary courses.
Once that has been done, I would put down a hefty deposit on a house, followed by giving money to my mum and other close family members and friends.
I think that pretty much covers the lump sum I received...
(I don't know if this is what you were looking for but I posted anyway...)
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Posted: Wed May 05, 2010 12:11 pm
If I had $250,000, I would firstly pay off the car insurance bill in full, and give whatever amount of money my fiance needs to sort out what he owes the IRS - it's not the freakish amount that people usually assume it will be; it's around $300 if I remember correctly, and my car insurance bill is $623. I would be left with $249,077, and would use that remainder to move into make a comfortable move to Los Angeles, California. I wouldn't be too picky about a house so long as it was conveniently close to the city for work purposes. Finally, as boring as this may sound, I would put the rest of the money in savings, in case we find ourselves falling into hard times.
++++++
I know, how terribly responsible and adult of me. xd But you said that we should be honest, and that's what I would honestly do.
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Posted: Wed May 05, 2010 5:14 pm
Oh, cool! So people did actually post here! xD
@ElementalWITHIN - yeah, it is what I'm looking for. Perfectly fine. ^^
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Posted: Thu May 06, 2010 11:41 am
I'd split the money - 25000 to a charity, 75000 to American dollars, to pay off the little I still own and then into a tax-sheltered savings account. With the 150000 I'd have left in Canadian dollars, I'd put 15000 into a tax free savings account here. That would leave me with 135000. I would be bewildered with what to do with all that money, so I'd probably open myself a life insurance policy and invest 100000 of it. Then I'd have a lot of my future taken care of, which would be reassuring. Plus, I'd only have 35000 vulnerable to taxation. Which I'd then make inroads on by buying myself an awesome new computer and a Wacom Cintiq tablet. The big one, and then do art for people for a penny a pop so I could play with it and write it off as a business expense. And I'd take a month off work to visit my friends and party.
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Posted: Thu May 06, 2010 1:04 pm
phantomkitsune I'd split the money - 25000 to a charity, 75000 to American dollars, to pay off the little I still own and then into a tax-sheltered savings account. With the 150000 I'd have left in Canadian dollars, I'd put 15000 into a tax free savings account here. That would leave me with 135000. I would be bewildered with what to do with all that money, so I'd probably open myself a life insurance policy and invest 100000 of it. Then I'd have a lot of my future taken care of, which would be reassuring. Plus, I'd only have 35000 vulnerable to taxation. Which I'd then make inroads on by buying myself an awesome new computer and a Wacom Cintiq tablet. The big one, and then do art for people for a penny a pop so I could play with it and write it off as a business expense. And I'd take a month off work to visit my friends and party. Very sensible biggrin
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Posted: Thu May 06, 2010 3:20 pm
Except for the $30000 party? XD
Working at a financial planning firm means that whimsy always has tax implications that are to be avoided.
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Posted: Thu May 06, 2010 10:13 pm
phantomkitsune Except for the $30000 party? XD Working at a financial planning firm means that whimsy always has tax implications that are to be avoided. Hey the amount you've saved in tax free locations will sure make up for the 30,000 party. You need to blow of a little steam. biggrin
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Posted: Fri May 07, 2010 5:47 pm
Hahah, I'm glad I'm not the only one who thought sensibly about what to do with the money...! xd
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Posted: Sat May 08, 2010 12:01 am
Brenli Hahah, I'm glad I'm not the only one who thought sensibly about what to do with the money...! xd I suppose the reality is, you probably would. biggrin
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Posted: Sat May 08, 2010 1:42 am
Money in lump sums is scary! It must be dispensed with responsibly until you have a small enough sum you are comfortable being irresponsible and enjoying it.
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Posted: Sat May 08, 2010 2:01 am
Convert the money into pounds and then buy 37500000 one pence jellies.
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Posted: Sat May 08, 2010 5:52 am
@phantom: definately! It's too easy to throw it away on nothing otherwise.
@Archduke: you must really love those jellies... :S
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Posted: Mon May 10, 2010 3:36 pm
Anyone else wanna add their two cents before I close up?
I only had three or four people tell me... how boring...
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Posted: Mon May 10, 2010 10:31 pm
Yeah, unfortunately I really do think that the activity of this guild has taken a pretty sharp nose dive... I haven't been online often enough to tell exactly, but it seems that apart from a core group of frequent posters, not much other activity happens... crying
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