What would you do?

AdladUK

AdladUK

AdladUK

Associate
Joined
6 Jan 2007
Posts
1,509
No doubt I'll pee off a few people by making such a random thread, however I think it's an interesting scenario to consider...

You have £50,000 in your bank account, clear money, no debts owed of any sort.

No children or pets or any real comittment to stay within the UK.

Where would you go and what would you do?

Bare in mind visa requirements, and also the intention would be to do something for 6+ months (not some crazy ass weekend in Vegas trying to re-inact The Hangover)
 
I'm saving for a car and house deposit already - 50k would allow me to do those tomorrow with plenty to spare. I'd spread the change in some 3-5yr investments.
 
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Moses99p said:
Student debt's good debt! And you'd want to live with students, ideally halls for the first year, imo...

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Well I'm at uni, so wouldn't just bail... but you talk about zero commitments. I've no massive desire, RIGHT NOW, to go travelling... probably because I'm wholly settled into the university thing - I dare say that'd be different if I'd finished uni. I'd either invest the money, or travel round the World with a ridic babe...
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I suppose but I'd still have the nagging feeling of knowing there's something I needed to pay off, no matter how small the monthly repayments! I'd pay it all off at once and I'd rather rent a nice little studio apartment and invite friends back there rather than living in grotty student halls. :p
 
AdladUK said:
No doubt I'll pee off a few people by making such a random thread, however I think it's an interesting scenario to consider...

You have £50,000 in your bank account, clear money, no debts owed of any sort.

No children or pets or any real comittment to stay within the UK.

Where would you go and what would you do?

Bare in mind visa requirements, and also the intention would be to do something for 6+ months (not some crazy ass weekend in Vegas trying to re-inact The Hangover)
Click to expand...

Ordinarily - I'd do whatever I normally do - its hardly a life changing sum???

Are we assuming that you intend to quit your job and go traveling or study etc.. having saved up for a few years post-uni or something?

I'm probably going to do a similar thing in a year or two - probably will take 3 months off before doing a masters so likely 2 months in Thailand at a Muay Thai camp and then 1 month in Vegas.

I figured it will likely cost me about 50-60k or so - masters will be about 15-20k then another 15-20k for living expenses for a year and about say 10-20k for 3 months traveling in between quitting my job and starting Uni (mostly due to the 1 month in Vegas).
 
£10k in a pension scheme
£10k in stocks and shares
£10k on travelling
£5k treating myself to a few goodies
£15k either in a house deposit or towards education
 
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