Author Topic: Money Magazine: What to do with $1000, $10,000, or $100,000 now  (Read 8086 times)

Tetsuya Hondo

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Y'all should get a kick out of this:
http://time.com/money/3144888/invest-save-spend-10000-now/?pcd=hp-magmod
http://time.com/money/3144627/invest-1000-now-35-ways/

While there's a few Mustachian tips here, many are... not.

Have an extra $1000? Buy a camera! Or, get some botox-like injections! Or, blow it on a home decorator!
I can't find the link for what do do with $100,000 now, but it suggests buying a top of the line Tesla because...um... you can save thousands in gas!

sandandsun

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Re: Money Magazine: What to do with $1000, $10,000, or $100,000 now
« Reply #1 on: August 28, 2014, 10:17:27 AM »
I saw this when it came out in print and laughed my ass off...

Pooperman

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Re: Money Magazine: What to do with $1000, $10,000, or $100,000 now
« Reply #2 on: August 28, 2014, 10:21:01 AM »
Random Choice would indicate about 20% are something remotely good. The rest are pretty questionable. I'd invest/pay down debt/built equity/build survival fund (spending on situation) with that or any money.

Kaspian

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Re: Money Magazine: What to do with $1000, $10,000, or $100,000 now
« Reply #3 on: August 28, 2014, 11:47:07 AM »
What is this "extra $1000" you speak of?  ;)
Isn't it automatically part of our one big stash?

Lyngi

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Re: Money Magazine: What to do with $1000, $10,000, or $100,000 now
« Reply #4 on: August 28, 2014, 09:49:38 PM »
I'm wearing out my N key and my O keys.  No and No and No and No and NO and HELL NO!   And yes, I added a thousand to my stache last month

Elderwood17

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Re: Money Magazine: What to do with $1000, $10,000, or $100,000 now
« Reply #5 on: August 29, 2014, 07:57:13 PM »
I read that article and was struck by two things....how nuts it was, and the fact that in my pre mustachian days I thought Money was an intelligent read!

RFAAOATB

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Re: Money Magazine: What to do with $1000, $10,000, or $100,000 now
« Reply #6 on: August 30, 2014, 12:55:01 PM »
I read that article and was struck by two things....how nuts it was, and the fact that in my pre mustachian days I thought Money was an intelligent read!

I think Money Magazine is for people who think a million dollars is the end goal.  For me a million dollars is the beginning to mid stage goal.

Dicey

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Re: Money Magazine: What to do with $1000, $10,000, or $100,000 now
« Reply #7 on: August 30, 2014, 09:20:13 PM »
I think Money Magazine is for people who think a million dollars is the end goal.  For me a million dollars is the beginning to mid stage goal.

Ahhh, but for a true mustachian, it doesn't even have to be a million. Why do you feel you will need so much more? It's not about the mega dollars, it's about buying all of your time back for the rest of your life.

RFAAOATB

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Re: Money Magazine: What to do with $1000, $10,000, or $100,000 now
« Reply #8 on: August 31, 2014, 09:55:35 AM »
Retiring into anonymity is one option, and tempting.  I still have a need to achieve something greater and will require more money.  I spent ten minutes talking to one of our City Assemblymen and he talked me out of being an Assemblyman.  It costs about $10,000 to run, is unpaid, and requires 12-20 hours of work a week, which is why most of them are retired. Perhaps in the future I could be state representative.  That's a $50,000 outlay for a huge risk of not succeeding.

Having a lot of money means the best jobs are open to you, as are jobs that are fun and worthwhile but don't pay well.

Also, you can't deny the fun of getting all bling blinged out for a night on the town.  It's not in my budget now, but when my investments are returning more than I could ever make working, my suits will go from Sears to Brook Brothers and I'll have a Rolex Yachtmaster instead of a naked wrist.

You can have a lot of fun with little money, but you can have a lot more fun and prestige while securing your own legacy with a lot of money.

Tetsuya Hondo

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Re: Money Magazine: What to do with $1000, $10,000, or $100,000 now
« Reply #9 on: September 01, 2014, 11:55:20 AM »
I read that article and was struck by two things....how nuts it was, and the fact that in my pre mustachian days I thought Money was an intelligent read!

Yeah. I had expiring frequent flyer points so I picked up a free subscription, but I think it just makes me dumber. I would have been better off just letting those point expire. It's truly abysmal.