What to do with £10k.

Solari said:
A few thousand doesn't go far these days tbh so why so surprised? Sad but true :(
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Ten thousand pounds is still a fair sum of money however. It doesn't make you rich but calling it chump change seems rather silly.

Having ten grand and no debts makes you better off than millions of people in this country.
 
JollyGreen said:
£10k? chump change? bloody hell, mind if I have look down the back of your sofa under finders keepers rules please? :p

I had £10k from an inheritance a little while back, blew it all on a car, didn't regret it :p
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lol, I'm not rich mate, it's just I know 10 grand does'nt buy you much these day, anyway I'm not a great fan of money tbh, I had a chance to borrow 100 grand from my mums house to use as a deposit to purchase a large buy-to-let property, it was a win win situation, a mate offered me a 8 bedroom house for 215grand (It was quite run down), it was full of paying tenents and the profit margins even after all the rates were pretty good, I started going through all the motions to get the property but right at the end I just stopped, I was scared of what it might of turned me into, I could honestly start feeling my persona changing before I'd even brought the property, I started to question my motives and asked myself,

do I really need this to gain my happyness in my life, was it about happyness ? , was it about status ?, I certainly seemed to be getting a lot more unwanted intention from people when they knew what was planning to do, in the end I told my mum to leave it, my mate sold the property to a builder, he's now done it up and converted it into 4 professional flats that he's selling for around 150 grand a piece, better him than me :)
 
lowrider007 said:
lol, I'm not rich mate, it's just I know 10 grand does'nt buy you much these day, anyway I'm not a great fan of money tbh, I had a chance to borrow 100 grand from my mums house to get a large buy-to-let, it was a win win situation, a mate offered me a 8 bedroom house for 215grand (It was quite run down)
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100 grand for a large buy to let...215 grand for an 8 bedroom house?

Where the hell do you live!? Iraq?
 
lowrider007 said:
lol, I'm not rich mate, it's just I know 10 grand does'nt buy you much these day, anyway I'm not a great fan of money tbh, I had a chance to borrow 100 grand from my mums house to use as a deposit to purchase a large buy-to-let property, it was a win win situation, a mate offered me a 8 bedroom house for 215grand (It was quite run down), it was full of paying tenents and the profit margins even after all the rates were pretty good, I started going through all the motions to get the property but right at the end I just stopped, I was scared of what it might of turned me into, I could honestly start feeling my persona changing before I'd even brought the property, I started to question my motives and asked myself,

do I really need this to gain my happyness in my life, was it about happyness ? , was it about status ?, I certainly seemed to be getting a lot more unwanted intention from people when they knew what was planning to do, in the end I told my mum to leave it, my mate sold the property to a builder, he's now done it up and converted it into 4 professional flats that he's selling for around 150 grand a piece, better him than me :)
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Money doesn't bring happiness in itself, but you cannot be happy without a certain level of financial security or income either. In short you need money to be happy.
 
lowrider007 said:
the 100 grand was for a deposit for the 8 bedroom house (converted guest house), it was the only way they would let me borrow the money.
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Ah i get ya, still, £215k for that, where was it?
 
Jez said:
Ah i get ya, still, £215k for that, where was it?
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In newquay, cornwall, like I said it was quite run down, the estate agent said it was worth about 280 due to the work needed doing on it, but my mate was willing to knocks loads off as he and his girlfriend just wanted a quick sale and leave town, they was'nt what you'd call normal people, kind of hippies types, my mates girfriend brought the property outright before the boom with a load of inheritance money she got from her father I think.
 
dirtydog said:
Money doesn't bring happiness in itself, but you cannot be happy without a certain level of financial security or income either. In short you need money to be happy.
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not sure I'd agree with you there tbh, there are plenty of people leaving in third world countrys that are happy, proberbly more happy than use tbh, we only find it so hard to believe because if we was in thier situation it would be much harder for us due to what we are used to, in this western society we are taught to wait to be happy, "save money then your be happy", "buy that house then your be happy", I don't need nothing to be happy apart from myself and my gob as a laughing tool and an appreciation for just being here.


edit - should have edit that reply into my previous post.
 
invest in me.... £10k gets me a race bike and entry into national superstock for the year. :)

you 'might' get some of it back eventually if i live to tell the tale. ;)
 
lowrider007 said:
not sure I'd agree with you there tbh, there are plenty of people leaving in third world countrys that are happy, proberbly more happy than use tbh, we only find it so hard to believe because if we was in thier situation it would be much harder for us due to what we are used to, in this western society we are taught to wait to be happy, "save money then your be happy", "buy that house then your be happy", I don't need nothing to be happy apart from myself and my gob as a laughing tool and an appreciation for just being here.


edit - should have edit that reply into my previous post.
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Do you live with your parents and do they provide everything for you? Unless you do then you do need money I'm afraid. Can you be happy without a roof over your head? Happy without food to eat?
 
I would just make sure you have it in the highest paying ISA you can find (Cash ISA I would assume you are talking about).

Then don't look at the interest as a "windfall" but just leave the interest in there. You should try and use up the whole allowance every year as it's rare to have something you're not getting clobbered for tax with.
 
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