What would you do?

I know what I would do with it, but it would be different than what YOU should do. Sounds like you don't have a lot holding you here. You're already talking visa requirements, so it sounds like you're already thinking about travelling. And I say you should most certainly do it. Take a year and go travelling. But travel cheap. I'm talking about bootstrapping it. Hostels, trains and eating once a day. It's the best way to travel, believe me. I've stayed 5* and I've slept in a meadow in Slovenia under the stars. I know which one I had more fun with.

Don't go and blow the lot only to come back skint. If you spent 12-15k on travelling then perhaps come back and get an education under your belt. Or, if it goes well, you might never come back.
 
I would only spend about 10k on traveling and the reston a building plot and build a house.

But if I was spending it all on a holiday.
  • trans siberian railway
  • Inca/myan trails
  • Easter island
  • Moped it around Vietnam and visit Hang Son Doong cave, which has an underground jungle and is something like 5kilometers long. That's if you can get a permit, I would imagine you need one.
    12928106821sondoong.jpg

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  • grand canyon
  • The Aurora Borealis
  • Niagara Falls
  • The Great Barrier Reef
  • Ayers Rock
  • Pripyat
  • African safari
  • red square/kremlin
  • Sting Ray City - Grand Cayman
  • great wall of china/terracotta army
  • glacier
  • climb mount Kilimanjaro
  • firework festival, think it's in spain where two villages fire thousands of rockets at each other
  • cheese rolling
  • bull run
  • pyramids/nile
  • Angkor temple complex
  • Abu Simbel
  • rome

and many many more but that's all I can think of atm.
 
Fully dependent on age:

<30 I'd invest £30,000 in a pension fund or look at other financial investments that'd pay off in around 5 years when I'd be just out of university and looking to get a house. The rest I'd use to go to university as it'd cover a fair chunk of the costs on a 4 year course.

30+ I'd put it into property, personally I'd pay off the maximum on my mortage each year. No mortgage a few years earlier would be sweet :) Not exactly exciting, but I'd consider that a huge boost to my life in the long run.

I wouldn't go traveling on my own, frankly I've done that and always prefered to go with someone - my wife is the perfect traveling partner as she speaks several languages and seems to be able to charm her way into parties wherever we go :)
 
regulus said:
I know what I would do with it, but it would be different than what YOU should do. Sounds like you don't have a lot holding you here. You're already talking visa requirements, so it sounds like you're already thinking about travelling. And I say you should most certainly do it. Take a year and go travelling. But travel cheap. I'm talking about bootstrapping it. Hostels, trains and eating once a day. It's the best way to travel, believe me. I've stayed 5* and I've slept in a meadow in Slovenia under the stars. I know which one I had more fun with.

Don't go and blow the lot only to come back skint. If you spent 12-15k on travelling then perhaps come back and get an education under your belt. Or, if it goes well, you might never come back.
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Cos you'll be DEAD at the bottom of a ravine, cos you flashed all your cash around :eek:
 
University is a good call depending on whether University is actually for you, as i was told left, right and center to go to University but i infact didn't because it didn't appeal to me.

Just spend it wisely so you enjoy every penny you spend.
 
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"andy" said:
i dont get this at all

i would be too scared of dropping dead with 50k in the bank having spent years of my life poorer than i could have been
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It's not in your bank. If you die the day you retire then you could have had all of £1k a year extra than you have now (assuming age of 20).

£50k would grow to quite an amount if you were young and stuck it in a pension.
 
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