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Can You Waste Money?
Old 06-09-2006, 09:57 PM   #1
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Can You Waste Money?

Let's say that your crazy rich uncle slipped you 10 to 15 grand with the proviso that you had to waste it. I had an uncle like this and he would demand that I not save it but spend it on something.

Of course this was years ago and not that much money, more like a couple of thousand, but to update for inflation lets use a bigger number.

What would you waste it on? I know this is a difficult assignment for some but try.

boont
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Re: Can You Waste Money?
Old 06-09-2006, 10:42 PM   #2
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Re: Can You Waste Money?

Myself and DW tend to limit each other whenever we feel like splashing out, but if we were given 10 - 15K that we had to spend then I think it would be on vacations. We love going away to exotic and/or interesting places so I guess that is what we would do.

If if it was me only, I would spend about 95% of it on wine, women and song, then think of something frivolous to spend the rest on.
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Re: Can You Waste Money?
Old 06-09-2006, 10:53 PM   #3
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Re: Can You Waste Money?

I would go away to a SPA and get lots of massages, pedicures and other wonderful treatments. I admit though...I usually save any extra money that comes my way.
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Re: Can You Waste Money?
Old 06-09-2006, 11:06 PM   #4
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Re: Can You Waste Money?

Quote:
Originally Posted by boont
What would you waste it on? I know this is a difficult assignment for some but try.
How about a tax-deductible charitable donation?
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Re: Can You Waste Money?
Old 06-09-2006, 11:16 PM   #5
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Re: Can You Waste Money?

Quote:
Originally Posted by Nords
How about a tax-deductible charitable donation?
That really sounds decadent.

Ha
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Re: Can You Waste Money?
Old 06-10-2006, 12:00 AM   #6
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Re: Can You Waste Money?

I'm sure all of us can scheme up ways to invest by spending, like buying needed home improvements.

But I would have to say I would travel if I had to blow it in a big hurrah.
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Re: Can You Waste Money?
Old 06-10-2006, 01:49 AM   #7
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Re: Can You Waste Money?

Unfortunately, this is kind of what I expected, we can't splurge, my self included. Not sure if that is good.

Blowing money is not in my nature. Can't seem to do it.

I am certainly not saying that wasting money is a good thing. However, I seek balance and when I can't even imagine how to dump a little money I get worried.

What would I do? About four years ago I found a ghetto kid that I could sponsor. I thought it was a big brother deal. But it turned out to be something else.

He had family but was failing in school so the wife and I threw some money at that.

Not the wasting money that I was trying for but the best I could do given my background.

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Re: Can You Waste Money?
Old 06-10-2006, 09:00 AM   #8
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Re: Can You Waste Money?

I could do it. I could spend it. For example, I have a loose diamond that I would find a match to it and set them into a pair of beautiful earrings. I would treat the family to a really, really nice vacation. I guess I would be kind of selfish with it but I wouldn't feel guilty about it. We already help out those in need throughtout the year by using our budget money to do so.
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Re: Can You Waste Money?
Old 06-10-2006, 09:29 AM   #9
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Re: Can You Waste Money?

I'd have a new deck installed. But if I were really going to have fun with it, I'd take a nice overseas vacation.
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Re: Can You Waste Money?
Old 06-10-2006, 09:49 AM   #10
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Re: Can You Waste Money?

Junk bonds and penny stocks -- does that count?
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Re: Can You Waste Money?
Old 06-10-2006, 10:25 AM   #11
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Re: Can You Waste Money?

Buy a Rolex and sell it on eBay

Oh Well.

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Re: Can You Waste Money?
Old 06-10-2006, 10:34 AM   #12
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Re: Can You Waste Money?

Given the proviso was that you had to spend it to get it, it would be an exotic vacation at a 5 star resort for my family for 2-3 weeks and electronic toys with what is left over.

Nothing wrong with self-indulgence.
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Re: Can You Waste Money?
Old 06-10-2006, 12:15 PM   #13
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Re: Can You Waste Money?

I'd probably use it as a downpayment on a chunk of country property (land) or a second hand RV. Could easily blow it.
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Re: Can You Waste Money?
Old 06-10-2006, 12:21 PM   #14
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Re: Can You Waste Money?

If I have to totally blow it, it would be on vacations. DW and I love travel, it's how we spend and plan to spend all our fun money. Rolex etc. holds no interest to me. If I could sneak an investment in like Brewer, I would think property or home improvements.
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Re: Can You Waste Money?
Old 06-10-2006, 12:22 PM   #15
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Re: Can You Waste Money?

6 custom made suits, 2 overcoats and a dozen custom shirts.

If necessary one of each purchased at a good store on sale will serve the purpose.

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Re: Can You Waste Money?
Old 06-10-2006, 01:24 PM   #16
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Re: Can You Waste Money?

when i didn't have much money i could easily have fulfilled crazy uncle's requirements. but frankly, now, since i've already inherited from crazy rich uncle, he's gonna have to up the ante so i can get that maserati i have my wasteful eye on.
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Re: Can You Waste Money?
Old 06-10-2006, 03:13 PM   #17
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Re: Can You Waste Money?

This sounds like a scaled down version of Brewster's Millions with Richard Pryor. Anyway, I think I would go to Greece with the money. Been there before and absolutely loved the country. Much nicer than Macedonia and with no war. 8)
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Re: Can You Waste Money?
Old 06-10-2006, 03:17 PM   #18
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Re: Can You Waste Money?

Nice month-long vacation somewhere. Or a new car.
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Re: Can You Waste Money?
Old 06-10-2006, 04:34 PM   #19
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Re: Can You Waste Money?

Ah, so...Japan...views of mt Fuiji and cherry blossoms, traditional country inns, silk kimonos, kobe beef and squeaky-fresh sushi, cold soba noodles with shredded seaweed and edamame, Japanese language lessons and cooking classes...can I go now?!
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Re: Can You Waste Money?
Old 06-10-2006, 10:03 PM   #20
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Re: Can You Waste Money?

Yes, when I've relied on my investment skills.
Travel, new cars, expensive dinners and wine can be a waste of money, when they weren't worth anywhere their cost.
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