Would $100,000 change your life?

[Bonbonniere]

^ and here is where i ask.. why would u do that? why do people go for the highest limit they can get.. rather than settle on something a lot less and appropriate for their lifestyle, which is present and in the shorter future..

people need to understand that when banks say you can borrow $570,000 + or watever.. it means you will not be doing anythign else but paying that damn loan off..

if u want a life, go for something close to the rent ur paying.. something you can afford and still manage a life..

if i were given 100k, i know where that'd go... straight to the mortgage.

Totally agree! Mine would go straight to the bank and I would forget about it or I would shop around and find a way to maxmize that money so it can really benefit me.

[simplyme]

Re: Would $100,000 change your life?

I was just wondering when would people pick me up for these random surveys. I could do with $100,000k at this moment.

Probably I would set up a casino in Kabul

[Iggle]

@njgal

An experiment was conducted where 2 middle class families were given 100,000K. 3 years later, nothing had changed! Both families were in the same financial, emotional state. Most factors in their way of life, happiness level, overall health, stress, debt, children's behavior stayed the same.

The money had no impact on their lives. They might as well have given it away to charity.

So they question is if you are given $100,000 - would your life change? would it solve your current problems? What would you do with it?

It wouldn't change my life. But if someone was to give it to me I would most probably invest it. :)

[Iggle]

Re: Would $100,000 change your life?

^ Also wouldn't tell anyone about it b/c that would just cause jealousy.

[teggy]

Re: Would $100,000 change your life?

^When you show up in a new Range Rover one day, you won’t need to tell anyone anything anymore

PS: If invested wisely, yes it can significantly change someone’s life and the hereafter.

[Aimee]

this reminds me of a story ..

I used to work in a company in Dubai and we had this desi fellow , bachelor , drinking, smoking , and doing everything but work ... so he was about to be dismissed anyday ...

he caught us by surprise when he turned up one morning and announced he won a lottery of 8 Million Dollars ... and everybody was like .. whattttt?

so he went around , telling everyone stories of how he was going to buy majority shares of this company we were all working in ... and he would be our new boss etc etc... we were scared ****e !

he resigned ...

a year later we found out it was a cracking lie !!

[Umer]

Re: Would $100,000 change your life?

I don't think it would impact my life massively or change me as a person at all. I guess I'd invest most of it in relatively risk-free assets and use 5 of those 100 K for a nice holiday with my family. :)

[aminas]

Re: Would $100,000 change your life?

It will surely help to get my life on track lol

A bit off topic but I am dying to know Is lottery haram?

[ehtasab]

@Cheegum

And then you will go buy a $500,000 home. Petty human.

Don’t make assumptions

[simplyme]

Re: Would $100,000 change your life?

Almost all of you have mentioned that you would invest in a safe investment. That is the problem with us desis. We save so that our children can spend. They save so that their children can spend. Finally all is lost when one black sheep is born in the family who decides to blow everything up...

[njgal]

Re: Would $100,000 change your life?

That's sad that nowadays even 100,000 does not have enough value to change someone's life completely.

[njgal]

Almost all of you have mentioned that you would invest in a safe investment. That is the problem with us desis. We save so that our children can spend. They save so that their children can spend. Finally all is lost when one black sheep is born in the family who decides to blow everything up...

that is so true!