What would you do with $50k?

will give it away so someone else can choose any of the above answers.. making others happy is the greatest happiness.

If I had 50k I'd start day trading for sure. Finally beat the damn PDT rule.

I'd probably lose it all but it'd be fun as hell

Ah man are you serious , were you calculating all these things in this pandemic months. Its such a bomb to blast $50k in a few moments . But your business plan is a good shot

Social God said:

Spending $50,000 to have fun: (in 30 days)

(Excuse this wall of text. I tried answering it in one sentence and it became a hundred sentences....This answer will get buried, but at least it's out there)

• Making a snow angel on a stack of cash = $0
• $20 a day for 30 days on buffet = $600
• Rent a SUPER car = $2,000 (total $2,600)
• Go to a strip club for the first time = $1,000? (total $3,600)
• Buy scuba gears and travel to a location with CLEAR water = $500? (total $4,100)
• Take family to Disneyland x5 people (tickets + souveneirs) = $1,000 (total $5,100)
• Take my grandparents to zoos and aquariums (they love nature) = $500 (total $5,600)
• Head to a place with TONS of homeless and hand out $50 bills (40 bills total) = $2,000 (total $7,600)
• Travel to 10 awesome countries spending less around $1,000 at each country = $10,000 (total $17,600)
• Skydiving = $200 (total $17,800)
• Surprise 5 random people in need with $1,000 each to see their reaction = $5,000 (total $22,800)
• Go clubbing every Friday and experience the feeling of throwing 1's in the air = $800 (total $23,600)
• Take my grandparents, parents, and siblings to shop for whatever they want $2,000 each = $12,000 (total $35,600)

Okay.... holy crap... $50,000 is A LOT more than I realized and it definitely is life-changing. Barely at $35,600!

• Pay random people on Fiverr to make random stuff for fun = $400 (total $36,000)
• Sending 10 random Twitch streamers $100 to see their reaction = $1,000 (total $37,000)
• Find one random hobo, buy him clothes, and find him a place to stay until he finds a job to pay you back (I hope) = $5,000 (total $42,000)
• Cruise for 7 nights = $2,000? (total $44,000)
• Getting massages every Sunday (4 times) = $320 (total $44,320)
• Buy a PS5 and games = $1,000 ($45,320)
• Rent out a movie theater to myself because I hate people = $1,000 ($46,320)
• Pay for Tinder Premium = $20 (total $46,340)
• Buy Oculus VR = $700 (total $47,040)
• Buy a month's worth of coconut juice 100x = $130 (total $47,160)
• Eating at a 5-star restaurant = $500 (total $47,560)
• Buy Jr. VIP for BHW = $97 (total $47,657)
• Subscribe to YouTube Red, so it can stop asking me to subscribe = $12 (total $47,669)
• Buying 100 chicken nuggets from McDonald's and trying to see if I can finish it = $50 (total $47,719)
• Pay 100 writers on BHW to write about one topic and compare it = ~ $1,500 (total $49,219)
• Buy a taco to make the numbers even = $1 (total $49,200)
• Start a beautiful size fish tank = $750 (total $49,950)
• Get an expensive haircut = $50

Okay... this is ONLY if I can only have the money for fun in 30 days! Now let's see what I would do if it's for business:

• Start a niche website = ~ $10
• Order content for website = $2,000 (total $2,010)
• Invest $10,000 with a diverse portfolio stock/crypto = $10,000 (total $12,010)
• Rent a house, and add BEAUTIFUL furniture, then start AirBnB business = $7,000 (total $19,010)

6 months later.... website is starting to earn money, AirBnB is earning passive income, and stocks are skyrocketing... (I hope)

• Order more content for niche website until I can earn a full-time income = $2,000 (total $21,010)
• Create a second BROAD-NICHE website for TWO streamlines of income now that I have solid experience with the first = $10 (total $21,020)
• Order content aggressively for broad niche site $5,000 (total $26,020)
• Find photographers to take images for my website because I'm tired of using and crediting random people's images. I could also add caption to it, finally. = $1,000 (total $27,020)

9 months later with $12,980 left to spend...

• Spend on content aggressively for niche website = $6,000 (total $33,020)
• Spend on content aggressively for broad website = $7,980 (total $41,000)
• Invest $500 into low market cap stocks for potential 10x - 100x ROI = $9,000 (total $50,000)

2 years later... I'm living the greatest life in the world without having to put my soul into a restaurant job where I get screamed at by Karens.

I'm sitting on the beach of Hawaii sipping on my margarita while watching over my own company of 50+ employees..... Yes, that's right!

The CEO of Dunder Mifflin and Los Pollos Hermanos.

Click to expand...

Ask with your girlfriend where to invest and make a startup business with your gf. You both get more love, more money and specially you guys get happiness for everyday .

Subao said:

Hello! How are you today? (tonight for me, 1:30 am rn)

I'm just curious what would you do with 50.000 dollars? Whatever, to make more money, spend for fun, rent, debt or anything you want...

Especially for me.. I'm more interested in making money. I won't tell you do I have that much money or not but anyway I'm from Kiev (Ukraine) and here I need about $400 monthly for life with my girlfriend... and that's for all, like a food for both ($150), fuel for a car ($120) and other stuff ($120).

So I'm curious what is better to spend money to earn more money... But my interest is not limited only by earning money, so what's your choice?

Click to expand...

addictedtolearning said:

Cryptocurrency. The market will boom in the next few years.

Click to expand...

I wondered how far into the thread it would take to get to the customary "crypto is set to explode in xxx amount of time" comments. haha

50% bitcoin
25% real estate
25% IM

@Social God lovely post

Paying a low mortgage is the best luxury there is.

I always tend deviate from the topics because I really like to share my experience. It's better than asking HOW TO MAKE MONEY?? Right..
I am from the Netherlands which is a fairly prosperous country and we have lots of guest workers. I'd love to brag about my brother because I am proud AF. He saved 50k euros, bought a 250k house and is renting a studio (which is a part of the house with own shower, kitchen, and front door) for more money than he is paying for the mortgage. So this guy is living for free and paying of his mortgage accelerated. He is now looking to buy his 2nd house at his 34th age

That's what everybody should really do with 50k

If you are interested in making money then focus on making money. When you have money you can buy a car or apartment anytime you want.

seoways said:

will give it away so someone else can choose any of the above answers.. making others happy is the greatest happiness.

Click to expand...

ok mate

Yayo & hookers all day

Interesting Question, OP. Since I need a bit of distraction for myself, let's dive into some imagination!

So I think you meant what I would do IF I get $50k, right? Because if I already had $50k with me, I wouldn't be keeping such an amount in cash.

With that taken care of, my next question would be- How did I get the $50k in the first place? I must've either earned it through work/business or got an inheritance. Or even a lottery, maybe.

If the said process (through which I received $50k) is doable and can be realistically repeated (via some buss/work), and I have major control over the outcome, I'll reinvest most of the amount into it. As much as 75% ($37.5k)

5% ($2.5k) of the amount goes into crypto (and HODL). Maybe divide between bitcoin, chain, and ripple. I don't know for sure, but definitely in some or the other crypto.

Since this calculation is based on the fact that I can repeat such a transaction, I'll put 10% ($5k) of the cash in clearing some debts, hoping to clear them all in a short period.

5% ($2.5k) would be invested in instruments I can easily convert into cash any time (gold, bank deposits, etc).

2.5% ($1.25k) would be invested in stocks (HODL).

2.5% ($1.25k) goes to charity.

So here we are, 50k settled in full.

-----------------------------------------------------------------

Now let's think of the other possibility where I receive $50k through luck, a one-time affair. My priorities would definitely change. So would my investment.

I'll clear ALL my debt first- $20k (40%)

Charity- $1.25k (2.5%)

Gold, bank deposits, etc.- $5k (10%)

Invest and HODL in Crypto- $5k (10%)

Spend on a vacation / PS5 / Mac, etc- $1.25k (2.5%)

Pay for future bills, insurance, etc- $1.25k (2.5%)

Spend on family and friends, imp home improvement stuff, etc- $2.5k (5%)

Stocks (and HODL)- $1.25k (2.5%)

Invest in my business- 12.5k (25%)

I hope that answers your question, somewhat.


NOTE- Taxes aren't considered for ease of understanding on a global level.

I would spend it all on myself then tell everyone I gave it to charity.

Double benefit : you look like you did charity but you donated it all to yourself.

Just like real billionaires do!

Most charity is just billionaires donating to their own charity, they then spend on the non-profit credit cart and file everything as an expense on the non-profit org.

I would invest

I will invest it in real estate but for you i will say blow it on cocaine and hookers

Giveaway Jrvips.

создать 1-2 бизнеса онлайн, чтоб инвестиция была не больше 10к на 1 бизнес, сделать из них по х3-5 от этих денег

Las Vegas...

Invest in Tesla, a bit too late but still will be worth it when CyberTruck comes out along with Spacex technology pushing Tesla's technology. Bright future with Elon Musk.

Spending 10k for the web project while keeping 40k as a backup. Whatecer the profit i will earn from thecproject will go back to the project again. Will keep doing it until i have an empire of multiple websites in multiple niche with multiple monetization.