If you won/inherited 50,000 what would you do?S

Lilmiss82

As the title says - if you suddenly found yourself 50 grand richer what would you do? Now, I know it's not an awful lot of money to some - but to others it is a hell of a lot - so would you spend wisely and think of ways to make a profit on this money or would you blow the whole lot in one go?

Bitcoin!!!!!!!

Probably he boring though and knock it off the mortgage

biko

Women and alcohol



I'd squander the rest

Lilmiss82

Deleted User wrote: »

Bitcoin!!!!!!!

Probably he boring though and knock it off the mortgage

I would love to go with the bitcoin option - I just don't know if I would take the risk tho :rolleyes:

Your Face

I'd install a landline.

Lanaier

Now is not a great time for Bitcoin.
Having major problems the past couple of days.

heroics

https://www.donedeal.ie/cars-for-sale/bmw-5-series-530-g30-d-xdrive-m-sport-4dr-massiv/17688609

or

https://www.donedeal.ie/cars-for-sale/audi-a6-3-0-tdi-v6-272-s-line-q-s-t/17296248

Kenny Logins

Debts, savings, long holiday, Bitcoin, new shoes and a Chinese.

Sephiroth_dude

Put it towards buying my own gaf.

Lilmiss82

heroics wrote: »

https://www.donedeal.ie/cars-for-sale/bmw-5-series-530-g30-d-xdrive-m-sport-4dr-massiv/17688609

or

https://www.donedeal.ie/cars-for-sale/audi-a6-3-0-tdi-v6-272-s-line-q-s-t/17296248

ooooh yes!!!!!

DaeryssaOne

Blow €5k on travelling, treating myself etc then put the rest towards a house deposit - boring but necessary!

tedpan

Probably pay one of my loans off and have fun with the rest!

arybvtcw0eolkf

Buy a second hand BMW R1200GSA and do Scotland, England, Europe & the Middle East on it. Then probably north Africa to Morroco, to Spain and home for a few pints in the local.

everlast75

Boats 'n' hoes...

donegaLroad

the Bitcoin ship has sailed. If you could go back to 2015 with €10,000 to invest in Bitcoin, and sold about 1 month ago, you probably would never have to work again. Its too late buying into it now.

If I came into 50k tomorrow, I would buy a domestic windmill, and an electric car. I would invest the rest of the money into my own work.

Lodger81

Clear some debts & buy a more practical car.

valoren

Spend some on a nice holiday and then patiently wait for a stock market crash and invest the rest for the long term.

Steve F

Sweets and Crisps!! Lots of em!

Lilmiss82

valoren wrote: »

Spend some on a nice holiday and then patiently wait for a stock market crash and invest the rest for the long term.

I like this idea!

frag420

Stick it all on a quick-pick...

omb0wyn5ehpij9

Sephiroth_dude wrote: »

Put it towards buying my own gaf.

I'd probably spend a small bit (5k), put a small bit in savings (5k), and then do the above with the rest

valoren

Lilmiss82 wrote: »

I like this idea!

Your cue to invest will be when either Keelin Shanley or Catriona Perry on the Six One News mentions any of the below relating to the stock market;

Plunge, Crash, Panic, Chaos, Turmoil etc

Then buy stock in some Household names :pac:

Ubbquittious

Buy an Ariel Nomad and maybe a fill of petrol if I have enough change left

wakka12

7000 on a few really nice holidays, 5000 on random internet shopping things Ive always wanted, 2000 on friends and family, I haven't moved out yet so Ill assume Ill have debts in future when I do so maybe 7000 on debts and payments

Then save 29,000 for future

rainbow kirby

Add to existing savings and use it as the deposit on a house.

GarIT

Lanaier wrote: »

Now is not a great time for Bitcoin.
Having major problems the past couple of days.

Now is the best time. It’s a 50% off sale.

Wanderer78

GarIT wrote:

Now is the best time. It’s a 50% off sale.

Quick, quick, remortgage the house, prices never go down, relatively speaking of course!

Ragnar Lothbrok

Spend a month or two in Australia visiting my daughter. First class flights there and back

New kitchen.

Maybe a newer car. Not too fussed about this to be honest, and probably wouldn't spend more than 15K.

Trips to see Celtic FC and FC Barcelona.

Rest of it in The Maple Leaf, Cork (best pub ever!)

Ten of Swords

Use it to buy the only acceptable expression of wealth in Ireland

DECKING

Inheritance tax will leave you with about a tenner though! Winnings are generally tax free, context is important!

Sleepy

Clear the credit card, replace the Windows on the house, put in the downstairs wetroom I want, upgrade the gas boiler and spend anything left on the rest of the long list of jobs I want to do around the house.

Dakota Dan

Deleted User wrote: »

Bitcoin!!!!!!!

Probably he boring though and knock it off the mortgage

The bitcoin boat has sailed over the horizon.

dr.fuzzenstein

everlast75 wrote: »

Boats 'n' hoes...

If it drives, fcuks, flies or floats you're better off leasing it.

keano_afc

Full tank of petrol for the car. From Topaz.

dr.fuzzenstein

keano_afc wrote: »

Full tank of petrol for the car. From Topaz.

With Miles Plus!

keano_afc

dr.fuzzenstein wrote: »

With Miles Plus!

If I've anything left over I'll throw in a level 1 car wash.

weldoninhio

Lilmiss82 wrote: »

As the title says - if you suddenly found yourself 50 grand richer what would you do? Now, I know it's not an awful lot of money to some - but to others it is a hell of a lot - so would you spend wisely and think of ways to make a profit on this money or would you blow the whole lot in one go?

50k, I'd probably do a full time college course. Upskill, and hopefully start a higher paid job once i'd finished.

_Kaiser_

Pay off loans, enjoy the money saved each month. Do something nice with what's left.

cycle4fun

50k is not much. It would buy a decent car in the UK, here it would only buy half a decent car. So I'd borrow another 50k to buy the other half.

10000maniacs

Lanaier wrote: »

Now is not a great time for Bitcoin.
Having major problems the past couple of days.

If you spent the €50,000 on bitcoin before Christmas, you would be looking at €25,000 now.

Surely it depends on what you're inheriting 50,000 of.

Money? Go on a huge holiday.

Puppies? Be confused as to what to do with 50,000 puppies.

Piles of sh1t? Wonder what I did to deserve 50,000 piles of sh1t.

4068ac1elhodqr

As already mentioned by others, definitely 'not' BTC.
If the coin's drop pattern continues, will be just 7,500 before too long.



Silver is 60% less than it's fairly recent '11 peak, Platinum is 50% less than decade ago.

Hector Bellend

Pay my bills.

Have a ****.

Avatar MIA

10000maniacs wrote: »

If you spent the €50,000 on bitcoin before Christmas, you would be looking at €25,000 now.

How do you become a millionaire from Bitcoin now?

Invest €2m. :pac:

€50k - deposit on an investment property.

Sgt Hartman

The first thing I would do is put it down as a deposit for a new place and get myself out of the renting game for good.

RandomName2

Lilmiss82 wrote: »

As the title says - if you suddenly found yourself 50 grand richer what would you do? Now, I know it's not an awful lot of money to some - but to others it is a hell of a lot - so would you spend wisely and think of ways to make a profit on this money or would you blow the whole lot in one go?

First of all I'd have to pay €14 K to the tax man because of CGT .. so 36 grand, yeah? Probably add it to the "live in Dublin" pile I've been collecting.

Avatar MIA

RandomName2 wrote: »

First of all I'd have to pay €14 K to the tax man because of CGT .. so 36 grand, yeah? Probably add it to the "live in Dublin" pile I've been collecting.

Winnings don't attract CGT and inheritance may be tax exempt. Be positive, you've just received €50k

WestWicklow1

Matias Savory Stake wrote: »

Buy a second hand BMW R1200GSA and do Scotland, England, Europe & the Middle East on it. Then probably north Africa to Morroco, to Spain and home for a few pints in the local.

Ahhhh.... memories. Did it all on GSs, except the middle east.

I would buy a mulberry handbag and use the other 49000 as deposit for my first home.

A girl can dream!

fergus1001

On the first plane to turkey to have a hair transplant

Avoid the Prince William look

DEFTLEFTHAND

Set it aside for sons private education and University.

PandaPoo

Convert the attic or get an extension. Then paint the whole interior of my house, and get new floors in most rooms.