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If you had half million dollars, what would you do?
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No_hite_pls



Joined: 05 Mar 2007
Location: Don't hate me because I'm right

PostPosted: Tue Sep 25, 2012 7:54 pm    Post subject: If you had half million dollars, what would you do? Reply with quote

Would you retire?

Would you move to a tropical place? If so where?

Would you open a business?

Would keeping working your job?

Would you go back to school?
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Underwaterbob



Joined: 08 Jan 2005
Location: In Cognito

PostPosted: Tue Sep 25, 2012 7:57 pm    Post subject: Reply with quote

Is half a million even enough to retire on these days?

I'd probably get it invested as wisely as possible then continue on as normal.
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Who's Your Daddy?



Joined: 30 May 2010
Location: Victoria, Canada.

PostPosted: Tue Sep 25, 2012 7:58 pm    Post subject: Reply with quote

Go home and buy a house, that would use it all. The median house price in my area of Canada is $532,000.

http://www.livingin-canada.com/house-prices-canada.html

But I'd leave Korea, that's for sure.
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JustinC



Joined: 10 Mar 2012
Location: We Are The World!

PostPosted: Tue Sep 25, 2012 8:02 pm    Post subject: Reply with quote

I'd put it with my other half.
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MiXX



Joined: 30 Aug 2012

PostPosted: Tue Sep 25, 2012 8:03 pm    Post subject: Reply with quote

Go buy some apartments / condos in a tourist hot spot in Latin America and do short term vacation rentals.

Easy 10k a month doing practically nothing.
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No_hite_pls



Joined: 05 Mar 2007
Location: Don't hate me because I'm right

PostPosted: Tue Sep 25, 2012 8:09 pm    Post subject: Reply with quote

MiXX wrote:
Go buy some apartments / condos in a tourist hot spot in Latin America and do short term vacation rentals.

Easy 10k a month doing practically nothing.


That sounds awesome.
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Ballerina2012



Joined: 17 Jan 2012

PostPosted: Tue Sep 25, 2012 9:12 pm    Post subject: Reply with quote

Pay off all my bills, and take a round the world cruise, then save the rest.
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Dave Chance



Joined: 30 May 2011

PostPosted: Tue Sep 25, 2012 9:20 pm    Post subject: Reply with quote

Put it all on black
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Zyzyfer



Joined: 29 Jan 2003
Location: who, what, where, when, why, how?

PostPosted: Tue Sep 25, 2012 9:39 pm    Post subject: Reply with quote

Dave Chance wrote:
Put it all on black


Put it all on red. We can split the winnings. Confused

Honestly I would invest/put away a big chunk of it. Something safe and reliable. Then keep working and either spend way more cash each month or put it into riskier investment options with bigger payoffs. Like the casino. Or Facebook stock. Laughing
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StudentInKorea



Joined: 29 Sep 2009

PostPosted: Tue Sep 25, 2012 9:49 pm    Post subject: Reply with quote

As someone who was lucky in the upbringing lottery, I would say that the biggest advantage of having money is that you can make your life choices without worrying about the economical consequences. I think my standard of living would be pretty much the same if I had 10 times more money or only a tenth of what I am used to. The main difference would be that I would have to actually consider the economical risks of my actions.

In other words, the more money I have, the more risky life choices I would take. Bear in mind that "risky" does not necessarily mean dangerous or economically irresponsible. As my username suggest, I'm currently studying in Korea, which is a choice which would have been a lot harder to make if I depended on a well paying job after graduation.

I think working hard and being good at something is important for everyone, and becoming lazy just because you have money is a pitfall some fall into. I don't think living a luxurious or overly relaxed lifestyle brings happiness. However, if it means you can cut down on the overtime work, get rid of stress or take care of your family, that's a good investment of your money.
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cj1976



Joined: 26 Oct 2005

PostPosted: Tue Sep 25, 2012 10:05 pm    Post subject: Reply with quote

Every time I hear this type of question, I immediately think of the movie Office Space.
Two chicks at the same time.
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TL



Joined: 30 Mar 2008

PostPosted: Tue Sep 25, 2012 10:48 pm    Post subject: Reply with quote

Become a loan shark
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nora



Joined: 14 Apr 2012

PostPosted: Tue Sep 25, 2012 10:52 pm    Post subject: Reply with quote

cj1976 wrote:
Every time I hear this type of question, I immediately think of the movie Office Space.
Two chicks at the same time.


+1

I'd learn how to post things into proper forums, like Off-Topic.
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young_clinton



Joined: 09 Sep 2009

PostPosted: Wed Sep 26, 2012 12:41 am    Post subject: Reply with quote

Spend it on Opium and Whores
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cj1976



Joined: 26 Oct 2005

PostPosted: Wed Sep 26, 2012 12:53 am    Post subject: Reply with quote

young_clinton wrote:
Spend it on Opium and Whores


That's basically what one UK Lottery winner did.
http://en.wikipedia.org/wiki/Michael_Carroll_%28lottery_winner%29

I bet he had a great time.
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