Good morning Dinks. Today we are going to have a little bit of fun, sometimes talking about money can be so boring, but not today. Let’s play fantasy for minute or two, not the 50 Shades of Grey kind of fantasy, the loads of money kind of fantasy. We live in a world where we can sign up to create our own fantasy stock portfolio and our own fantasy football team so why not have some fun where we can create our fantasy bank account.
So that’s exactly what we are going to do, we are going to imagine a world where we have a little bit more money. I know we have sort of talked about this before here on Dinks Finance. We discussed what we would do with a boat load of money if we won the lottery, but today let’s talk about a world where we have a little bit more money. Let’s pretend that we have some extra pocket change, a nice hefty chunk of pocket change, that we don’t have work for, it’s just give to us. After all the best kind of money is the kind that we don’t have to work for.
So Dinks tell us, what would you do with?
An extra $10,000 per month that you had to only use on yourself?
An extra $10,000 per month that you absolutely had to spend on other people?
I’ll go first…
If I had an extra $10,000 per month that I could only spend on myself I would probably save most of it for the first few months. I have been known to make some really bad (and really expensive) impulse purchases. So I would let the initial money bliss where off and get my head straight before I actually made any decisions on where and how to spend the money.
I would continue to maintain my lifestyle for the most part, just a little bit better and without the stress of having to work for a pay check. I would move to a larger apartment, but I would still live in the city and I would still live in an apartment. I would definitely quit my 9 to 5 job, but I would continue my own business as a writer and dedicate all my time to becoming an author. Money gives us the freedom to live a better life, have a little less stress and be just a little bit happier.
If I had an extra $10,000 per month that I had to spend on someone else I would create a charity that provides breakfast and snacks to elementary school kids. I think it’s so important for kids to have a full belly all day and I would love to make that happen. Or maybe I would just give the $10,000 per month to my boyfriend so the money stays in our family – just joking, blurred line in the rules of our fantasy game.
I would also create a financial program in elementary schools where kids could earn money on a credit card for good grades and chores at school such as washing boards, working in the office or cleaning up the playgrounds. Then they could buy clothes, books etc. on a website with their credit card. This helps teach kids about earning money and spending money responsibly. Yep, I don’t have plans to have kids, but that’s what I’d do.
Photo by tahnyakristina
Kristina Tahnyak
Tahnya is a Certified Financial Planner and former Investment Advisor turned marketing and communications professional She holds a degree from Concordia University, is debt free and currently works in the field of digital marketing.
Very nice! And well rounded. Mine would also be rather well rounded. I would first put a majority into retirement to play catch up, then make sure my efund was fully stocked. Then I would probably buy a new (used) car, then save money for travel. Anything left over each month would just put my mind at ease. I’d also probably get PT on my shoulder till it was completely healed. Writing all that out felt kind of depressing since I’m not quite able to do much of that right now, and that’s nothing extravagant.
Oh, love the idea, tell me what incantations I need to make :)
1. for me – save. We have everything we want right now, so we’d probably save the money. You never know when the incantations will stop and the money won’t ‘roll’ in anymore
2. create or support a dog charity – in my country there are tens of thousands of stray dogs that are not cared for. It’s a huge corruption when it comes to the state regulated services and the few organizations can barely make ends meet each month and save them.
For the $10,000 for myself, I would definitely try to save/invest most of it. I might get into rental real estate. And I would probably buy some nice sushi meals for myself :)
For the $10,000 for others, I would like to do something animal related. Help with a pet food pantry and some pet adoption agencies.
What would I do with an extra $10,000 per month – easy. Invest it in a micro cap until I had a controlling interest.
I have pretty much everything I want…but here goes:
1.) majority into retirement accounts
2.) small bump in our monthly discretionary spending
3.) bump in my charitable giving to my church
4.) the ONE thing I would buy myself is a professional grade smoker. :)
If I had to spend it on someone else?
I’d have to do more research, but it would have something to do with building programs and facilities for kids to give them something kick ass to do, as well as give learning help. You cannot spend too much on the future of our country.