Thought experiment : how would you spend 35,000 USD?

[CultureCitizen]

Imagine tha as an adult, once every 10 years you were entitled to receive 35,000 USD. But, if you have a debt every single penny of that money goes to pay your debt.

What would you do with the money?
Would you use it for education , vacations, to throw a series of wild parties, dinning in restaurants, having one more kid, buying assets or start your own business?
Furthermore, what effects would such a policy have on markets?

I'll be honest: this post is a bit related with a lot of topics: welfare, the bank bailouts, QE, income innequallity, creative job destruction, market confidence and recession.

 

[Billy_Kinetta]

Upgrade my stereo.

 

[CultureCitizen]

Upgrade my stereo.

That must be a really expensive stereo.

 

[Billy_Kinetta]

It would be after I upgraded!

 

[ScienceRocks]

more education

 

[Jomama]

Kids college

 

[shadow355]

Imagine tha as an adult, once every 10 years you were entitled to receive 35,000 USD. But, if you have a debt every single penny of that money goes to pay your debt.

What would you do with the money?
Would you use it for education , vacations, to throw a series of wild parties, dinning in restaurants, having one more kid, buying assets or start your own business?
Furthermore, what effects would such a policy have on markets?

I'll be honest: this post is a bit related with a lot of topics: welfare, the bank bailouts, QE, income innequallity, creative job destruction, market confidence and recession.

A trip to Sydney, Australia - about a $7,500 dollar expenditure. I looked up air fare for where I am at about two months ago - It costs a little over three-thousand dollars round trip.

Invest the rest in savings bonds - the reinvest the return off of that.


Shadow 355

 

[CultureCitizen]

At this point of my life, I would probably use those 35,000 to pay off the mortgage. That would still leave me with 10,000 . I could invest that to get more education ( a couple of courses or more books) alternatively I could use the whole 35,000 in a software startup.