What would you do if I gave you $28,745?

by Nick on May 7, 2014

What would you doWhat would you do with $28,745? if I gave you $28,745?

A buddy of mine and I were talking about this the other day.

It’s an odd number, but a significant one.

On Friday I’ll explain.

But to make my point I’m going to focus today on just this part of the question.

So what would you do if I gave you $28,745, besides try and kiss me on the lips, of course?

New car?

New kitchen?

Would you invest?

Pay down debt?

Take a trip around the world?

These days have been pretty full of home improvement projects…

So if this were the only variable, I’d likely put some into upgrading the kitchen and maybe some central air in the house.

If there’s anything left over, it’d go into landscaping (we have very little grass…) and maybe some other projects around the house.

But we’d save some of it too, for sure.

What would you do if I gave you $28,745?

Check back in on Friday for another variable that might change your answer a bit.

{ 14 comments… read them below or add one }

save. spend. splurge. May 7, 2014 at 11:10 am

Throw it into index funds.

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Nick May 16, 2014 at 10:57 am

Wise!

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Bryan Logan May 8, 2014 at 11:01 am

We’re looking at redoing the kitchen and the quote came in higher than we had hoped, so we’d spend the $28K on that….and taxes.

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Nick May 16, 2014 at 10:58 am

Sounds like you and I are living the same life…

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Jon @ Money Smart Guides May 9, 2014 at 8:09 am

I would save most of it. We are trying to start a family and want to have as much money as we can so that if one of us wants to stay home and raise our kids we can afford to do so.

Looking forward to the variable to see what you have in store!

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Nick May 16, 2014 at 10:58 am

Awesome! Definitely a smart man!

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The Wallet Doctor May 10, 2014 at 2:05 pm

I would definetly spend some of the money on travel, some on debt, and some on investing. Anytime I get a large sum of money I hadn’t planned on, I let myself have a bit of fun and send the rest to accomplish my long term goals. This keeps me from feeling deprived while making me feel good about the long run.

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Nick May 16, 2014 at 11:09 am

I need to increase my travel budget for sure! This year I’m making several trips to Nashville in connection with a mastermind group I am in down there. I didn’t travel too much in my 20s, so I have some making up to do. 🙂

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Lisa E. @ Lisa vs. the Loans May 13, 2014 at 3:28 pm

I would pay off my car loan! And the left overs would make a pretty nice dent in my student loans.

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Nick May 16, 2014 at 11:10 am

I like it! Keeping at the loans! Very smart. And it would be nice to not have that car payment eating at your cash flow too!

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Poor Student May 15, 2014 at 10:25 am

I’d opt to travel first for a month or two, after all, it’s a ‘free’ money right? 😉 I think I’d either save or invest the rest, since I don’t have a house to do DIY projects or (fortunately) debts to worry about.

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Nick May 16, 2014 at 11:10 am

Haha! It’s “free” money for now… not once you read the follow up post though, muahahaha…. 😉

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Hannah @ Wise Dollar May 16, 2014 at 12:14 am

If you gave me $28,745, I would definitely first buy a car. And then save for our future.

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Nick May 16, 2014 at 11:11 am

Sweet! I’d know who to call for a ride. 🙂

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