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Thread: If you had $50K?

  1. #1
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    If you had $50K?

    If you had 50K, No job, a family to support, a mortgage, what would you do with the money?

    The following has already been considered and rejected

    A submarine
    a tank
    a private army
    Gender re-assignment surgery
    a 10 day blaze of glory
    Full body suit tatt

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    a 1 way ticket to argentina?

    EDIT. nah it'd need to be more than 50k
    Quote Originally Posted by carbonhed View Post
    Some Kiwibiker threads contain such a wealth of fuckwittery that they should in some way be permanently removed from the digital domain, carved onto stone tablets and then launched into space to scare the living shit out of any hostile alien species that may be lurking nearby

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    Casino. 50k on red.

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    Income producing Investment property/s.

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    I would not be spending it on anything until I had a job.

    Unless it was perhaps buying a small business.

    Not an ideal situation to be blowing it.

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    Support family.


    If you can make it on Kiwibiker you can make it anywhere.

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    Finding employment is definitely the most important item on the agenda, Wife is currently running a small business which isn't yet returning anything to the budget so don't want another one at the moment.

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    If I had 50k to wax on anything I wanted it would be ...

    Go to Russia and go for a joy ride in a Mig 29 which is about 20k USD. With spare cash tour Europe through the Swiss/Italian mountain roads in my Aprilia.

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    50k is enough to get you into trouble , not enough to get you out ...tread wisley...

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    As much as I like the submarine option, consider this option....


    Put it on the mortgage on a revolving line of credit


    A) This saves you a shit load of interest & reduces the time in the "death hold"

    B) Interest saved is the same as interest earned & no doubt your loan is at a higher rate than bank deposits are currently paying & obviously you pay tax on interest earned.

    C) With an LOC anytime you need $$$, you can draw it out that day, any amount upto your "line of credit" for whatever reason, you don't need to go cap n hand to ask the BM


    If work isn't looking likely in the medium to long term or you are just wanting a change then study? Could get a student loan. As you have money behind you, you don't need to borrow a huge amount for study, remember its interest free, free money is good money if put to good use.


    I am actually in a very similar position myself
    To laugh often and much; to win the respect of intelligent people and the affection of children; to earn the appreciation of honest critics and to endure the betrayal of false friends. To appreciate beauty; to find the best in others; to leave the world a bit better whether by a healthy child, a garden patch, or a redeemed social condition; to know that even one life has breathed easier because you have lived. This is to have succeeded

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    Quote Originally Posted by Headbanger View Post
    Finding employment is definitely the most important item on the agenda, Wife is currently running a small business which isn't yet returning anything to the budget so don't want another one at the moment.
    If you can spare 5 - 10k, might be worth trying to market your wife's business...
    I didn't think!!! I experimented!!!

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    Quote Originally Posted by mashman View Post
    If you can spare 5 - 10k, might be worth trying to market your wife's business...
    What do you mean market it?

    Currently nearly all turnover is going back into advertising, we have placed three big arsed features in local papers, are running constant smaller print ads, radio advertising and have hand delivered about 600 flyers in the local area, with more deliveries ongoing.

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    Quote Originally Posted by Boob Johnson View Post
    As much as I like the submarine option, consider this option....

    Put it on the mortgage on a revolving line of credit
    Cheers I will look into it.

    As for study, I have spent the last two years amassing as many qualifications as I can that compliment my work history, to the point my CV is looking over loaded but from feedback I'm getting the amount of people applying for the positions I am after is huge and of the highest caliber. I did look into a tertiary qualification but it was so close to the cut off point I had to defer it until next year. Wasn't prepared to sign up for two years without some real info on what I was getting into.

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    Quote Originally Posted by Headbanger View Post
    Cheers I will look into it.
    You're welcome. Just a wee heads up, the catch is the interest rate charged is slightly higher, but the savings are worth it in the end. And obviously you need to be disciplined. Some people (fools) get carried away with an LOC & spend up large. One way around it is having a monthly/weekly limit of spend on your credit cards.
    To laugh often and much; to win the respect of intelligent people and the affection of children; to earn the appreciation of honest critics and to endure the betrayal of false friends. To appreciate beauty; to find the best in others; to leave the world a bit better whether by a healthy child, a garden patch, or a redeemed social condition; to know that even one life has breathed easier because you have lived. This is to have succeeded

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    Quote Originally Posted by Headbanger View Post
    What do you mean market it?

    Currently nearly all turnover is going back into advertising, we have placed three big arsed features in local papers, are running constant smaller print ads, radio advertising and have hand delivered about 600 flyers in the local area, with more deliveries ongoing.
    I meant branding the business and advertising the brand, not necessarily the services... but looks like yoov already done that...

    In which case I'm with GrassHopperus... except Wesley says "always bet on black"...
    I didn't think!!! I experimented!!!

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