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re: Best way to invest $60,000?
Posted on 8/24/16 at 9:30 am to AmeriKop45
Posted on 8/24/16 at 9:30 am to AmeriKop45
quote:Sometimes this board makes me want to kill myself.
But what will $175K be worth in 30 years? Not that much.
A $10K vacation means a luxury vacation. Assuming OP has a "well paying job," I am assuming he is with the rest of the mid-twenty American population with no more than 3 weeks of vacation. Its hard to be frugal (like he should be) and spend $10k on a 3 week long vacation. Its one or the other. These days you can get anywhere you want in economy for under $1K. So you got $9K for 15 days. That is $600 a day. Too much. Not being frugal on a vacation at this stage is irresponsible. Again this is just my opinion.
Also - By your calculation, the $10k vacation will be worth over $33K in 30 years.
Smart investments now could provide OP with a solid base to be able to afford those luxury vacations a little later in life.
What is your reasoning for saving money? So you can retire and enjoy it one day. Well, I would rather spend the 10k as a single 26 year old on the beaches of Croatia with some babes, then spend 33k eating Piccadilly as a retired 70 year old with my wife Bertha
This post was edited on 8/24/16 at 9:31 am
Posted on 8/24/16 at 9:33 am to lsupride87
quote:
Sometimes this board makes me want to kill myself.
What is your reasoning for saving money? So you can retire and enjoy it one day. Well, I would rather spend the 10k as a single 26 year old on the beaches of Croatia with some babes, then spend 33k eating Piccadilly as a retired 70 year old with my wife Bertha
No kidding.
It's an inheritance and he has no debt and seems to have a solid job already. At 26, I was going to Gulf Shores because I couldn't afford Destin. If I had some extra money to blow on an amazing trip to Europe, I would have.
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