How would you spend $100,000 in one day ?

[Car-Guy]

Give 100 people $1,000

I've got 100 friends, when and where is the line going to start?

 

[joeea]

If you were given $100,000, but had to spend it in one day to receive the gift , how would you spend it ?. Must spend it, not save or invest.

Fund 529 plans for grandchildren.

 

[Danmar]

Lots of ways to do this. Probably the easiest is a fairly expensive car. Maybe book an expensive trip for you and a few friends. Home reno(although this might take a bit of planning). Would a donation count?

 

[Dash man]

Two thirds to my grandkids college 529 fund and one third to my church.

 

[brucethebroker]

A new truck, a small travel trailer, and the rest to a landscape designer to re-do our deck configuration and landscape the house.

 

[Tallman4123]

The market gave me just south of this amount in January but I didn't follow the rules and spend it. The market now appears to be in the process of enforcing the take-back rule.

 

[MarieIG]

I would love to put that into upgrading my parents' house, but might be some work to get it "spent" in one day. In a pinch, I know I could spend that money real fast picking up a nice diamond solitaire over at Blue Nile, or a 100k worth of gold coins.

 

[yakers]

Buy Class B RV, add $50K

 

[Oma_here]

Foodbank all of it and done. If I had more than 24 hours they would still get a chunk but significantly less

 

[KB]

Foodbank all of it and done.

+1

 

[DrRoy]

Maybe put it on credit with a cruise line or other travel company.

 

[traineeinvestor]

Let DW off the leash.

 

[exnavynuke]

Real option - Pay off 85% of my mortgage balance.


If "housing" is considered an investment and I couldn't do that, buy myself a nice sailboat (single hull or maybe a cat).

 

[cbo111]

New Corvette. Case closed.

I'd head to the Mecum Auto auction and bid on a restored classic old vette! I went to the auction in Kissimmee last month and was awestruck by the number of sweet vettes for sale, some very nice ones went for well under $100K.

 

[ER Eddie]

I'd stick it on a new house.

 

[Totoro]

Do cars count? They have residual value ..

I would give a grant to a researcher to look into wiping out black flies in New Zealand.

 

[NW-Bound]

I am sure some forum posters lost $100K today.

Is that the same thing as "spending it in a day", or "blow that dough"?

 

[sanfanciscotreat]

Buy 100K of undervalued stocks to replace what was lost today

 

[NW-Bound]

The OP's rule is that you cannot invest or save.

If you were given $100,000, but had to spend it in one day to receive the gift , how would you spend it ?. Must spend it, not save or invest.

 

[gerntz]

I spent $100K the last two market days w/o doing anything.

 

[bobneardc]

I would book several Overseas Adventure Travel and Road Scholar trips to be used over the next couple of years. I would also give some money to family for education.

 

[HI Bill]

I spent $100K the last two market days w/o doing anything.

Takes me back to 2008 when I more than 'lost' my Porsche Cayman on paper...I panicked and sold a bunch of mutual funds, locking in losses that lowered my tax bill for the next 8 years. Now, I revel in up days and ignore down days. At least I've learned to stay the course.

Fully loaded Alpha Romero 4C ought to do it!

 

[CRLLS]

It's even harder if you can't buy durable goods.

A co-worker's dad was a member of a casual "club" who had an ongoing competition regarding how much dough you could blow in 24 hours.

But no durable goods. You had to eat it, drink it or be entertained by it. They found out that it's really difficult to blow more than a couple grand.

Yeah, easy to blow on a vehicle or jewelry.

24 hrs?

Let's see,

Hire a private jet to Monaco

Stay at the most expensive hotel available

Lose a few rounds of backgammon (a game I know absolutely nothing about)

Tip the dealer well.

Hire companionship for the evening

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I could see 20 G's easily, maybe more with a little imagination.

 

[H2ODude]

Takes me back to 2008 when I more than 'lost' my Porsche Cayman on paper...I panicked and sold a bunch of mutual funds, locking in losses that lowered my tax bill for the next 8 years. Now, I revel in up days and ignore down days. At least I've learned to stay the course.

Fully loaded Alpha Romero 4C ought to do it!

I bought my 2008 Cayman S in I think Feb 2008; it was hard selling the funds to pay for it but I was still working and needed a fun toy. As I then watched the portfolio shrink I consoled myself that the car was probably worth a good deal more than what I had sold to pay for it (if I could find a buyer with the cash at the time!). Anyway, added a truck to the fleet and got tired of shuffling cars in the driveway/garage and sold it in 2012. I miss that car. If I had the room for it I'd have another with that 100k and money left over!

 

[Ally]

New vehicles. I wish this scenario would happen to us!