What would you do with £10k, £20k, £50k, £100k, £500k
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For £10k you can have all kinds of 'luxury' hols.Out of interest what kind of holiday would the 10k get you?
£1-2k is a return flight for two to pretty much anywhere in the world.
£200 a night for 20 nights gets 4* accommodation for three weeks in most cities worldwide, burning another £4k.
The final £4-5k in that scenario would be spending money - and everyone has a different idea of what to spend their spending money on. Perhaps; a tasting menu for two, maybe with wine, at a Michelin starred restaurant every other day could use £3k, with a rental car, fuel and other meals etc using another £1-2k. Some would consider that reasonable luxury compared to their normal lives.
Other people would want to have more comfortable plane seats and would forego some spending money. Obviously if you already have a private jet or luxury yacht or continent-munching GT car, you might not want to buy flights at all.
Others prefer a cruise ship to land-based hotel/motel/ self-catering accommodation. No doubt others would just prefer to take a few hundred quid for a long weekend with citybreak with massive spending money, and not need two to four weeks to relax. Others might want four months in southeast Asia which is doable if you don't want top hotels every night.
There are all sorts of ways you can burn through £10-50k on holidays so the question doesn't seem very incisive (any more than the OP 'how would you spend £10-500k on whatever you fancy')...0 -
I'd invest it, whatever 'it' was.
The £500k would bring forward my planned retirement date by a few years.0 -
I'd be keen to know what exactly people would invest the money in?
I would probably invest in stocks and shares up to 100k, but after that I would want to be investing in property in order to diversify.
By that I mean, I would buy a flat and rent it out
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I'd be keen to know what exactly people would invest the money in?
I would probably invest in stocks and shares up to 100k, but after that I would want to be investing in property in order to diversify.
By that I mean, I would buy a flat and rent it out
I wouldn't try and put you off (i've never BTL) but it does feel like the political wind is blowing against the landlord class as the millennials finally find their voice. All parties are now producing policies targeted at 'Generation Rent' and this will, and has already, impacted on landlords.0 -
username12345678 wrote: »I wouldn't try and put you off (i've never BTL) but it does feel like the political wind is blowing against the landlord class as the millennials finally find their voice. All parties are now producing policies targeted at 'Generation Rent' and this will, and has already, impacted on landlords.
I feel like this mainly going to affect buy to let landlords not those who own outright. I would never buy to let, unless I had cash in the bank, as it is such a massive stress.
Aside from property and stocks and shares where else could it go? Aren't those the two main things to invest in?
Book plug: Just ordered rich dad poor dad. Well excited to read it.
p.s I am in my twenties and voted corbyn
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I feel like this mainly going to affect buy to let landlords not those who own outright. I would never buy to let, unless I had cash in the bank, as it is such a massive stress.
Aside from property and stocks and shares where else could it go? Aren't those the two main things to invest in?
Book plug: Just ordered rich dad poor dad. Well excited to read it.
p.s I am in my twenties and voted corbyn
Well if you think Corbyn is getting in, then stick it all in overseas assets 0 -
£10k - £100k: Invest
£500k - go to PT at my job, build own home, invest0 -
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Out of interest what kind of holiday would the 10k get you?
If I was booking today, 16 night small escorted group tour of South Africa covering Cape Town, Stellenbosch and safari in Kruger National park offered by Kuoni. Price for 2 people around £8k. The remaining £2k i'd keep for holiday spending money. :beer:
That'd do very nicely 0 -
bowlhead99 wrote: »For £10k you can have all kinds of 'luxury' hols.
£1-2k is a return flight for two to pretty much anywhere in the world.
£200 a night for 20 nights gets 4* accommodation for three weeks in most cities worldwide, burning another £4k.
The final £4-5k in that scenario would be spending money - and everyone has a different idea of what to spend their spending money on. Perhaps; a tasting menu for two, maybe with wine, at a Michelin starred restaurant every other day could use £3k, with a rental car, fuel and other meals etc using another £1-2k. Some would consider that reasonable luxury compared to their normal lives.
Other people would want to have more comfortable plane seats and would forego some spending money. Obviously if you already have a private jet or luxury yacht or continent-munching GT car, you might not want to buy flights at all.
Others prefer a cruise ship to land-based hotel/motel/ self-catering accommodation. No doubt others would just prefer to take a few hundred quid for a long weekend with citybreak with massive spending money, and not need two to four weeks to relax. Others might want four months in southeast Asia which is doable if you don't want top hotels every night.
There are all sorts of ways you can burn through £10-50k on holidays so the question doesn't seem very incisive (any more than the OP 'how would you spend £10-500k on whatever you fancy')...
Ive found its not the amount of money you spend that equates to the enjoyment had. In fact when I have taken inexpensive last minute holidays they have been most enjoyable. Having said that its difficult to book below 4/5* and I find myself looking longingly at Business Class seats on any flight 4+ hours long.
Our neighbours recently went to Goa for 8 weeks. OH's worst nightmare as he would miss the Football. As you say everyone's different.
Up to 100k I would have a holiday fund. 500k would mean additional security in retirement. Still trying to find the balance between saving and investing.0
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