Do you consider 100k life-changing money?

[cubanref]

Personally, for me, I would consider it life-changing. I'm not talking about retiring and just doing nothing for the rest of your life. I'm talking about using that money right now and setting up your future. Just asking since I saw a member say that it wasn't in another thread.

Edit:
Not a year's worth of salary but someone giving you 100k today, tax-free.

What are your thoughts?

 

[DCAllAfrican]

For majority of people that is AT least a year's worth of salary. So making double that, and more for some, in a calendar year isn't life changing?

It changes your life and adds a level of relief for sure.

Not saying you can retire from it but it literally changes your life

 

[BukHumYai]

For me, hell yeah! That would pay off my house and free up a lot of $ by not having a mortgage anymore.

 

[6 Rings G.O.A.T.]

It's always nice to have commas in the bank account..

 

[cubanref]

It's always nice to have commas in the bank account.. However 100k isnt life changing..

So if someone gave you 100k today, your life wouldn't change? You wouldn't have some extra freedom in your current life? No stress relief from bills or debts?

 

[6 Rings G.O.A.T.]

So if someone gave you 100k today, your life wouldn't change? You wouldn't have some extra freedom in your current life? No stress relief from bills or debts?

I changed my answer..

Just because at this time I'll save it.. doesnt means isnt live changing..

 

[TURBO UNO]

Definitely. Think of how many businesses you can start with that kind of money.

 

[Nereyda Vuelve Por Dios]

Mine would def change. It would have me paying mortgage instead of rent.

But i guess thats where it stops. After that transition, my life will be the same again.

 

[Mark Antony]

Unless you can just conjure it up right now and not blink an eye if you lose it, of course it is.

 

[kicks2024]

The question/answer is subjective, and depends on the person's current situation.

 

[blastercombo]

Unless you’re making millions yearly the answer is yes

 

[Stakeholder]

after taxes, it would come out a lot less, so it absolutely is

 

[DCAllAfrican]

Some of you don't understand what the word CHANGING means

 

[Deleted member 42060]

No

I consider 1% money life changing

thats approx a net worth (depending on state or tax bracket) of $7 million to $10 million.

 

[sooperhooper]

Yes it is life changing.

Pay off my car,
Get out of debt.
Few other things.

Not to be confused with "set for life", which is what i think a lot of people are interpreting it as.

 

[Humbled]

Depends on what you do with it

 

[danikerhino]

Yes, I would immediately start planning how to use that money for big moves.

 

[Deleted member 42060]

I interpreted it as overnight life change.

rags to riches.

 

[frank mucus]

That's only four month's mortgage or two years property tax. No, not life changing but it'll help.

 

[cedric ceballos]

Yes in the sense that it could help pay off a few things your work money goes to like credit cards, car note, student loans etc.

Could potentially pay off a decent chunk of what you owe on your house etc and you’d have more freedom with what you can do with your work earnings money since you wouldn’t be obligated to make payments on some of the things I mentioned anymore.

 

[Deleted member 42060]

100 grand needs solid investments.
too many undergrads and grads out there swimming in college debt

 

[xbiker47]

The question/answer is subjective, and depends on the person's current situation.

 

[freakydestroyer]

Age, location, and current socioeconomic status are important factors. But it will make a difference in most people's lives.

 

[frshstunna]

Even 20k could be life changing so a hunnit is a big deal

 

[freddy fig]

That's only four month's mortgage or two years property tax. No, not life changing but it'll help.

where u live..Beverly hills?