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Started By
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Is $100,000 (one time payment) life changing money?
Posted on 6/10/24 at 5:11 pm
Posted on 6/10/24 at 5:11 pm
Considering you could pay off a substantial amount of debt and potentially increase your monthly take home at that point, I would think it could be considered as such. Curious to know if others feel the same.
124
Posted on 6/10/24 at 5:12 pm to Blast from the past
Depends what you do with it.
Posted on 6/10/24 at 5:13 pm to Blast from the past
Absolutely that’s life-changing money. If you can keep $100,000 in your savings account, think of the security that gives you.
Posted on 6/10/24 at 5:13 pm to Blast from the past
My butler says yes
Posted on 6/10/24 at 5:14 pm to Blast from the past
No
Posted on 6/10/24 at 5:14 pm to Blast from the past
No. I won it in a bass tournament and it didnt change my life. A few gadgets, some savings and a used Tahoe
Posted on 6/10/24 at 5:15 pm to Blast from the past
Depends on your situation doesn't it. If you can change things around then yeah.
Posted on 6/10/24 at 5:15 pm to Blast from the past
Depends on who you are, where you live, and your age.
For 95% of the world, yes.
For 95% of the world, yes.
Posted on 6/10/24 at 5:15 pm to MSTiger33
quote:. Explain your position
No
Posted on 6/10/24 at 5:15 pm to Blast from the past
Pay of debt and invest at least 50k at 5% and it could turn into life changing money for someone
Posted on 6/10/24 at 5:16 pm to Blast from the past
For some that will be or could be life changing for others it won't do anything. Just depends on each individuals situation and what they do with it.
Posted on 6/10/24 at 5:16 pm to Robin Masters
quote:
Depends what you do with it.
Buy antiques from garage sales, then go to Japan?
Posted on 6/10/24 at 5:16 pm to Blast from the past
I’d buy enough hookers and blow for the weekend that it would likely change my life.
Posted on 6/10/24 at 5:16 pm to Blast from the past
That is 100% relative. For some people, it would be both life-changing and mind-boggling. For others, it would be nice but have little if anything to do with their overall quality of life. For a very few it would just be a rounding error in their portfolio.
Posted on 6/10/24 at 5:17 pm to Blast from the past
If you did smart things with it, you could improve your life a good bit with it. But it isn’t “I’ll never have to work another day again” or “I’ll be on my private island” type of money.
This post was edited on 6/10/24 at 5:17 pm
Posted on 6/10/24 at 5:20 pm to Blast from the past
Depends on your age. 100K invested in your early 20s can help create a nice retirement nest egg. In your 50s, not so much. A little security and splurge or two.
Posted on 6/10/24 at 5:21 pm to Blast from the past
hell naw
Posted on 6/10/24 at 5:33 pm to Blast from the past
Not in today’s world.
Posted on 6/10/24 at 5:35 pm to Blast from the past
About 50 years ago...maybe
Posted on 6/10/24 at 5:37 pm to Motorboat
quote:
Absolutely that’s life-changing money. If you can keep $100,000 in your savings account, think of the security that gives you.
Moneys not really good for anything these days
100k now is like 40 bucks in 2005
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