What would you do?

No I'm not, life changing is being able to use that money effectively to really better you life for a long time. Paying off some debt is nice and frees up some cash but t wot make a difference in the long term.
 
Morba said:
You cannot live off £50k for the rest of your life, nobody can say it won't make a difference to your situation but it is not life changing.
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Maybe take another read of what I said... The salient points being -

Richie said:
Not everyone deems "life changing" as giving up work and living off cash you have etc.

To some people, "life changing" is just being comfortable day to day....
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50K may not, for you, be life changing and you are fortunate that this is the case but to many other people, 50K is indeed life changing. Example? -

It may allow someone on the dole to enter further education, gain a qualification, find a good job because of this qualification and start earning a significant amount of money for their future....

THAT'S life changing for some people.

Just an example though
 
Morba said:
That's still a lot of money! You looking to rent a 3 bed semi with a car thrown in?
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Nope I live in London and probably spend that amount (15-20k) on general living expenses throughout the year. It really isn't that much at all for London. If I was to take a year out to be a student then there is a good chance I'd stay here and I'm not about to start living of pot noodles etc..
 
£50,000? Why that I'd get these:

img5666.jpg


RRP = £50k! :D
 
cm1179 said:
are you for real?
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Just because it would be a big deal to you does not mean it would be the same for everyone.
I'd love it if someone gave me £50k but it would all go on clearing *some* debt which would be nice but wouldn't be life changing.

If I didn't have the debt then I'd be able to spend it extravagently which would meake more of a difference.
 
Learn to drive and buy/insure a car. Despite the money it doesn't have to be a 'new' car.

A lovely new iPhone and MacBook Pro.

I have no clue about investing so the rest would stay in a savings account until needed.
 
Luke said:
Just because it would be a big deal to you does not mean it would be the same for everyone.
I'd love it if someone gave me £50k but it would all go on clearing *some* debt which would be nice but wouldn't be life changing.

If I didn't have the debt then I'd be able to spend it extravagently which would meake more of a difference.
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clearing debt wouldn't be life changing? i've never been in any debt in my life (other than a mortgage) but i'm aware of just how debt can ruin a persons life, clearing that debt is therefore life changing and if you haven't got debt you can put it to lots of life changing uses. it's a heck of a lot of money, whether you have lots of money or not. would you see any of the dragons den panel or lord sugar not showing £50k the respect it deserves? of course you wouldn't because they know that if you don't respect money, it'll dissapear through your fingers.
 
cm1179 said:
clearing debt wouldn't be life changing.
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No. I have a lot of debt, but none of it is at crippling interest rates so it's quite manageable.
So clearing some off would make a marginal difference each month. I'd have a bit more each month and would save a lot over the long term, but it's not that much of a problem as it stands.

To some it might be life changing, but not to me.
 
Luke said:
No. I have a lot of debt, but none of it is at crippling interest rates so it's quite manageable.
So clearing some off would make a marginal difference each month. I'd have a bit more each month and would save a lot over the long term, but it's not that much of a problem as it stands.

To some it might be life changing, but not to me.
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you have a lot of debt, it's quite clear to see why
 
Richie said:
Maybe take another read of what I said... The salient points being -



50K may not, for you, be life changing and you are fortunate that this is the case but to many other people, 50K is indeed life changing. Example? -

It may allow someone on the dole to enter further education, gain a qualification, find a good job because of this qualification and start earning a significant amount of money for their future....

THAT'S life changing for some people.

Just an example though
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To that sort of person £100 is life changing, I am talking in general.
 
Morba said:
The majority of people here are saying the would invest it, that shows it's not life changing. It's a nice sum to have for sure, bit that doesn't make it life changing.
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showing they would invest show's it's not life changing? again ... are you for real?
 
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