(Topic ID: 211498)

$212,000 to spend. What to buy?

By o-din

1 year ago

Topic Stats

  • 381 posts
  • 134 Pinsiders participating
  • Latest reply 1 year ago by o-din
  • Topic is favorited by 3 Pinsiders


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Topic poll

“What to spend $212,000 on?”

  • All the top 20 pinside games and a Big Hurt for old time's sake 97 votes
  • A holiday home in Cambodia 37 votes
  • Save it. You may need a new liver someday and those don't come cheap 166 votes
  • Move to New York and buy a Hellcat 51 votes
  • Donate it all to charity 34 votes
  • Take all the pinsiders you know to a bar and say "drinks are on me!" 69 votes

(454 votes)

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#361 1 year ago

You probably have 20-30+ years to live, you should not spend the money all at once. You may not always have part time job and Social Security may not always cover you expenses.

Better to spend ~5% of the total each year IMO

figure $10-12K per year.

You can never have too much money saved (but you can have not enough saved). I mean it's better to spend less than too much and find out you have not enough to live on when you're 80+ and no longer able to work.

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