5 ms·

What would you do with $50k that would make such a difference in your life?

by applied_heat 2y ago

Dansvidania 2y ago
I’d buy a house, myself..
- WJW 2y ago
  For 50k?
  - tasuki 2y ago
    Yes why not. Hell, there are places in the world where you can buy whole villages for $50k!
  - 20after4 2y ago
    Found a place in a rural part of Missouri for $60k at the end of 2019. Everything has more than doubled in value since then. I had no idea what was about to happen when I signed that paper… but I’m sure glad I didn’t wait even a few months. Literally moved in February 2020 just in time to get really familiar with the new surroundings.
  - Dansvidania 2y ago
    For just a few k more. But I should not that I don’t live in the us.
  - projektfu 2y ago
    Decent new houses are USD 30k in Natal, RN, Brazil. More like USD 100k for beachfront property.
mschuster91 2y ago
50k is enough to comfortably live on for a year even in Germany, much more so in other countries. Allows you to completely change perspectives or to pivot your entire career.
ge96 2y ago
Sadly for me it'd pay half my debt off edit: with that in mind, leanfire is on my mind since I'm single/don't actually need much to live
dr_kiszonka 2y ago
It feels strange to write about this, but resolving a health issue, paying off debt, and escaping the nerve-wracking cycle of short-term, low-paying gigs would be life-changing. I am the sole breadwinner, working 50-60 hours a week just to stay afloat, so I don't have the time to prepare for interviews and pursue a stable career. There are many people like me.
Sohcahtoa82 2y ago
Likely drowning in debt. When you're living paycheck-to-paycheck, even just $10K in credit card debt at 30% is enough to keep you down. ~$250/month merely pays the interest. Maybe there's medical stuff that needs to get done. Maybe the car needs fixing. Maybe you haven't gone on vacation in YEARS and it's taking a huge toll on mental health. I mean, consider how many people work jobs that don't offer ANY PTO, so even going on a stay-cation costs money due to lost wages.
climb_stealth 2y ago
I know someone who paid off their credit card debt with an inheritance of roughly that size. It completely changed their outlook on life. Before every month was a struggle to just stay on top of the credit cards. Now they are debt-free and are actually able to save a bit of money every month. And for example able to go eat out without struggle. Mind you by hn standards this is on a miniscule income. Still, many people are struggling hard and a windfall like this can make a huge difference in quality of life.

What would you do with $50k that would make such a difference in your life?

Dansvidania 2y ago

I’d buy a house, myself..

WJW 2y ago
For 50k?
- tasuki 2y ago
  Yes why not. Hell, there are places in the world where you can buy whole villages for $50k!
- 20after4 2y ago
  Found a place in a rural part of Missouri for $60k at the end of 2019. Everything has more than doubled in value since then. I had no idea what was about to happen when I signed that paper… but I’m sure glad I didn’t wait even a few months. Literally moved in February 2020 just in time to get really familiar with the new surroundings.
- Dansvidania 2y ago
  For just a few k more. But I should not that I don’t live in the us.
- projektfu 2y ago
  Decent new houses are USD 30k in Natal, RN, Brazil. More like USD 100k for beachfront property.

mschuster91 2y ago

50k is enough to comfortably live on for a year even in Germany, much more so in other countries. Allows you to completely change perspectives or to pivot your entire career.

ge96 2y ago

Sadly for me it'd pay half my debt off edit: with that in mind, leanfire is on my mind since I'm single/don't actually need much to live

dr_kiszonka 2y ago

It feels strange to write about this, but resolving a health issue, paying off debt, and escaping the nerve-wracking cycle of short-term, low-paying gigs would be life-changing. I am the sole breadwinner, working 50-60 hours a week just to stay afloat, so I don't have the time to prepare for interviews and pursue a stable career. There are many people like me.

Sohcahtoa82 2y ago

Likely drowning in debt. When you're living paycheck-to-paycheck, even just $10K in credit card debt at 30% is enough to keep you down. ~$250/month merely pays the interest. Maybe there's medical stuff that needs to get done. Maybe the car needs fixing. Maybe you haven't gone on vacation in YEARS and it's taking a huge toll on mental health. I mean, consider how many people work jobs that don't offer ANY PTO, so even going on a stay-cation costs money due to lost wages.

climb_stealth 2y ago

I know someone who paid off their credit card debt with an inheritance of roughly that size. It completely changed their outlook on life. Before every month was a struggle to just stay on top of the credit cards. Now they are debt-free and are actually able to save a bit of money every month. And for example able to go eat out without struggle. Mind you by hn standards this is on a miniscule income. Still, many people are struggling hard and a windfall like this can make a huge difference in quality of life.