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.
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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.
__________________ Retired in Jan, 2010 at 55, moved to England in May 2016
Enough private pension and SS income to cover all needs
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.
__________________ "Tell me, what is it you plan to do with your one wild and precious life?" - Mary Oliver
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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Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
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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.
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.
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.
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.
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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"off with their heads"~~dr. joseph-ignace guillotin
"life should begin with age and its privileges and accumulations, and end with youth and its capacity to splendidly enjoy such advantages."~~mark twain - letter to edward kimmitt 1901
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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You take the blue pill - the story ends, you wake up in your bed and believe whatever you want to believe. You take the red pill - you stay in Wonderland and I show you how deep the rabbit-hole goes.
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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You can't always get what you want, but if you try sometimes, you might find you get what you need.
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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I look to the present moment because that's where I live my life.
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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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