What would you do if you had 200.000 euro's? (nothing more, nothing less) - TennisForum.com
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post #1 of 23 (permalink) Old Mar 11th, 2010, 05:02 AM Thread Starter
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What would you do if you had 200.000 euro's? (nothing more, nothing less)

It's an interesting question because in the modern world this is a reasonably big amount of money for an average person but not enough to sustain a lifetime of luxury with. So here's my economical goeroe coming out of it's shell giving you some stuff to think about.

STEP 1

Startingpoint: You get 200.000 euro's (imagine you got the money out of nothing, lottery for example) You don't have any other money, only this amount.(imagine you were living off your parent until you turned 20 and had to support yourself from then or went broke just before 65)

Question 1. Imagine you're 20 years old how would you spend it, or arrange it so it's usefull in your life?

Question 2. Imagine you're 65 years old going into retirement, what would you do with it?

Possible options to give you something to think about:

-invest? (to make more money)
-save? (against rudely low interest rated due to economic resession, so keeping it for later but gaining nothing)
-spend? (on what?)
-fulfill own dreams? (which are?)

Show which parts you would use for what, make a list! (so if you use 10.000 euro's for travelling, 30.000 to save @ bank, 20.000 for education or 150.000 to buy a house or something mention it)

Make a list with all the money placed under something you want to do with it. Try to do it with as much detail as you can.



Money is an interesting thing in the sense that it gives possibilities. It's definetly 1 of the things that shapes a life. This is a thread that gives you a lot of space to think about what you want. Be creative, figure out your hopes/dreams influanced by money and write them down!



STEP 2

Question 3.
Question 4.

Coming at a later date. I will put them there if anyone is interested in a thread like this. We will see

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Last edited by DragonFlame; Mar 11th, 2010 at 05:10 AM.
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post #2 of 23 (permalink) Old Mar 11th, 2010, 06:25 AM
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Re: What would you do if you had 200.000 euro's? (nothing more, nothing less)

I would buy a thoroughbred mare and would try to breed a superstar.

In both cases.

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post #3 of 23 (permalink) Old Mar 11th, 2010, 06:52 AM
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Re: What would you do if you had 200.000 euro's? (nothing more, nothing less)

This is simply too broad to answer. But anyway, this is what I would do.

At 20: Attain the best education money can buy and buy own property (to invest and live in future or to live in).

At 65: Self-Managed Superannuation Fund. Don't know if you guys have these in your own countries but in Australia that's what I would do.

---

One interesting thing that you mention is "hopes and dreams". Some of my hopes and dreams I can buy with money or more specifically donations and funding the right causes. But some others like my more creative pursuits, I need "time" rather than "money" so it's very hard to answer with this. But I do see where you're going with it.
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post #4 of 23 (permalink) Old Mar 11th, 2010, 06:59 AM
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Re: What would you do if you had 200.000 euro's? (nothing more, nothing less)

Quote:
Originally Posted by A Magicman View Post
I would buy a thoroughbred mare and would try to breed a superstar.

In both cases.
I would "buy" thoroughbred American college football players and would try to make them into Olympic Sevens Gold Medalists.

In both cases.

*I've already done a lot of world travel and have a post graduate level of education...so the practical stuff is covered
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post #5 of 23 (permalink) Old Mar 11th, 2010, 08:42 AM
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Re: What would you do if you had 200.000 euro's? (nothing more, nothing less)

20 years old: Charity.
65 years old: Charity.

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post #6 of 23 (permalink) Old Mar 11th, 2010, 11:50 AM
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Re: What would you do if you had 200.000 euro's? (nothing more, nothing less)

In both cases: Immediately try and figure out how much that is in 'merican dollars.

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post #7 of 23 (permalink) Old Mar 11th, 2010, 12:47 PM
 
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Re: What would you do if you had 200.000 euro's? (nothing more, nothing less)

1. I'd use the money to buy a place to live.

2. I'd use the money to pay off my mortgage !
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post #8 of 23 (permalink) Old Mar 11th, 2010, 01:15 PM
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Re: What would you do if you had 200.000 euro's? (nothing more, nothing less)

1. Put half of it in a high interest bond, put the other half on a deposit for a house (so the mortgage wouldn't be too big).

2. Be relieved I have some retirement money because pensions here are terrible . I don't know how I'd spend it, but if there was any left when I died, it would go to charity to stop the family fighting over it

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post #9 of 23 (permalink) Old Mar 11th, 2010, 02:37 PM
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Re: What would you do if you had 200.000 euro's? (nothing more, nothing less)

1. Exchange it for Australian dollars and re-assess.
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post #10 of 23 (permalink) Old Mar 11th, 2010, 03:40 PM
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Re: What would you do if you had 200.000 euro's? (nothing more, nothing less)

Secure a life-long place to live for myself.
Get a nice modest vehicle to accompany the place.
Invest a percentage of what was left over.
Save a percentage of what was left over.
With any extra money, I would try to visit some of tennis' most popular venues.
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post #11 of 23 (permalink) Old Mar 12th, 2010, 07:02 PM
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Re: What would you do if you had 200.000 euro's? (nothing more, nothing less)

Quote:
Originally Posted by Cosantoir View Post
Secure a life-long place to live for myself.
Get a nice modest vehicle to accompany the place.
Invest a percentage of what was left over.
Save a percentage of what was left over.
With any extra money, I would try to visit some of tennis' most popular venues.
May I ask how old you are?
There's no way you can get all of that for only 200.000 euros.

Personally, I'd get a loan so that I'd have enough money to buy a nice property (200.000 euros doesn't get you very far nowadays). Paying off the loan would then amount to the same as paying rent. So no money wasted and it's all your own.

(and actually, I should drop the 'would' as it's not something I would do, but have already done)

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post #12 of 23 (permalink) Old Mar 13th, 2010, 05:28 PM
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Re: What would you do if you had 200.000 euro's? (nothing more, nothing less)

I wanna have my own house but i live in Italy and here the price u have to pay to have a decent one in a good place is damn expansive

id need at least 5-600.000 euros to buy a flat in city centre where I live

and then i can say 200000 euros are not enough to reach my dream

but id save them in bank and keep waiting, maybe one day i will be rich enough
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post #13 of 23 (permalink) Old Mar 15th, 2010, 11:49 AM
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Re: What would you do if you had 200.000 euro's? (nothing more, nothing less)

with 200.000€ you won't be able to buy a decent house anywhere in italy, if you wanna live in a nice place, so i think i'll have a nice holiday around europe and then save them in a bank untill i have anough money for an house

may your choices reflect your hopes not your fears.

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post #14 of 23 (permalink) Old Mar 15th, 2010, 01:08 PM
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Re: What would you do if you had 200.000 euro's? (nothing more, nothing less)

get my house finished and then some money for a new car and a vacation

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post #15 of 23 (permalink) Old Mar 15th, 2010, 01:17 PM
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Re: What would you do if you had 200.000 euro's? (nothing more, nothing less)

Invest in a place to live (or in the one I'm living in), no doubt.

Considering that's about the price of a one bedroom flat in one of the cheapest areas of Paris

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