Friday Financial Tidbit-What would you do with $10,000?

If someone handed you $10,000 today free and clear, what would you do with it and why?

That might sounds like a dumb question. But to me,  how you answer that questions tells me a lot about your dreams and goals with money.

You see, everyone is going to have a different answer to that question depending on their situation and belief with money.

If you have debt floating around and your answer is that you are going to put it on the debt, that tells me you are serious about getting debt free. Which will enable you to ultimately get there.

If you say you are going to give some of the money, that tells me you have a big heart.

If you say you would go on a spending spree. Yet your finances aren’t on solid ground, your answer tells me you are going to continue to struggle with money as long as your priorities are out of whack.

Again your answer is going to depend on how your own personal economy, is doing as everyone is at different stages of their financial life. There is no right answer, you can spend, save, give, invest, pay down debt as much as you like. But your answer is going to be pretty close to how you really handle your money in the next year.

I also posted this question on Twitter and got the following responses:

https://twitter.com/rad8201/statuses/408085088577277952

https://twitter.com/FGSW/statuses/408091134012186624

https://twitter.com/Debt_Princess/statuses/408092104662208512

https://twitter.com/SparingChange/statuses/408188236956041216

We also had a great response on Facebook

Now that you know how myself and others answer the question, what about you?

If someone handed you $10,000 today free and clear, what would you do with it and why?

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4 Responses to Friday Financial Tidbit-What would you do with $10,000?

  1. Derek C. Olsen says:

    Can I change my answer? (I answered on Twitter)

    New answer…

    Every cent would go to paying off our student loans. I just looked up how much we owe. As of today we owe $10,784. That is the only debt we have.

    So, my question to you is… WHO WON THE MONEY!

    You are giving away $10, 000, right?

    (haha, just messing with you)

    Hope your growing family is well.

    -Derek

  2. Joshua Brown says:

    I would give $1000 as a tithe and then put the remaining $9000 toward getting out of debt as quickly as possible!

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