Money Matters
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What would you do if you were "rich"? (Just day dreaming here)
What would you do if you had all debts paid off (including mortgage), with a substantial income and savings? Travel? Buy a bigger/better house? Renovate your current house? New car? Quit your job? Is there a point to having a lot of money and not spending it? I'm not the type of person that desires a luxurious lifestyle. I really don't need a million dollar home and sports cars. I love my job so I still would work there even if I didn't need to. I need to stay busy and even having a few days off drives me a little nuts. Just day-dreaming about the future if I had all of my debts paid off, what would I do after that?
Re: What would you do if you were "rich"? (Just day dreaming here)
We have no debts- just paid off the mortgage this past month. We don't consider ourselves rich, we just live well within our means. We are going to increase our retirement savings, and it's actually allowing me to stay at home with baby next year.
Daydreaming about being 'rich'- travel more around the world (most of our travel now is to visit family, very rarely do we take a trip other than a road trip that doesn't involve family). Buy a lakehouse/ house in the hills somewhere, and find a job/ volunteering situation where I could give historical tours during the day. I would still have to be busy no matter how much money we had, so I would still work or volunteer a lot.
Well, we feel rich now that we're both out of school and have 'grown up' salaries. I would have the life I currently have, but with ~2x the travel and half the work. I LOVE the work I do and would go nuts without the challenge and payoffs, but I push myself too hard. I am looking forward to the day I semi-retire and just do consulting and can travel even more than we already do.
My husband wants a greenhouse so that's on the list for when we buy a house. I honestly don't think 'getting rich' would change much.
I would probably go down to part time, increase our retirement contributions, increase our donations, and fund college savings accounts.
I would also like to reside our house and finish the rest of the basement. A maid would be really nice too.
Only work part-time
Help my dad get a divorce and open a pool hall/sports bar
Pay off our house
Pay of my car and get DH a new car
Visit Egypt
And of course I would want to go on a shopping spree.
That is a good question. I'm not into buying material things. I'd probably have the same house, same car. I'd invest quite a bit and give to my alma mater. I'd buy an i-pad and a few outfits. :-)
I'd probably stay in teaching because I feel that I'd be bored without a job, and it might as well be in something I'm qualified for.
We love the beach, but I don't think we'd even get a beach house...