Money Talk – How Would I Spend One Hundred Thousand Pounds?

Money makes the world go round and the truth is money is never really enough for anyone. No matter how much you have, there would always be a need for more. I am all about making money legitimately and making my money work for me. In the last couple of years, I have been thinking long and hard about retirement, pension and investments. Also, I have been busy thinking about what I would do if I came across a large chunk of money. How would I spend one hundred thousand pounds? This million dollar question has popped up in my head many times and I always have an answer for it.

 

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Here are 5 ways I would go about spending it.

 

Pay the mortgage

The first thing I would do is to put some money towards the mortgage, in order to reduce the outstanding amount on it as much as possible. Living mortgage free is the end goal and that should hopefully happen in a couple of years. I can’t imagine having to pay accommodation bills in my later years. That thought is quite scary.

 

Go on holiday

I love travelling as many of you would know by now. I love to visit as many countries as possible every year. My current target is to visit at least 2 countries every year. I have smashed that target for three years now, and I am hoping to smash it again this year. So far this year, I have visited Maryland and New York in the US, and I have plans to visit one or two more countries before the end of the year.

If I had one hundred thousand pounds at my disposal, I would be putting some money towards our holidays. There are many other cities and countries we would love to explore, and it would be great to take some other family members with us as a treat.

 

Pay the debt

I would pay off all my debts. So all credit cards would be paid up in full, never to be used again. When it comes to money, I am very sensible. I am more of a saver than a. spender, so I am not as deep into debt like many others I know. But paying the little debt I have would be a smart way to go financially.

 

Save and invest

As the saver that I am, I will be putting a huge chunk of the money into a savings account; most likely an ISA. And invest a huge chunk into stocks and shares for the future.

 

Home improvements

I will definitely use a percentage of the money on home improvements. There are a lot of changes I would make to our home decor if I had the money to splurge. But since I don’t have that yet, it is a waiting game.

 

How would you spend one hundred thousand pounds?

 

 

Prince Charming Isn’t Coming

I have been reading a lot of personal finance and general business related books on my Kindle for the last month, and I have found majority of the books very informative. I am currently reading “Prince Charming Isn’t Coming: How Women Get Smart About Money” by the talented Barbara Stanny – popular motivational speaker, financial educator, former journalist, and career counsellor, and I am loving it!

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This is the second book of hers I  am reading this month. I just finished reading “Overcoming Underearning(TM): A Simple Guide to a Richer Life”, which was also an amazing read. I learnt so much from the book, and I am implementing her tips already. I can’t wait to finish this current book and find more of Barbara Stanny books to read. Her writing style is right up my street, so easy to read, she is the real deal!

As a self-employed business person, I enjoy reading finance and business related books in my leisure time to keep myself informed. You would easily catch me reading a book on my Kindle, while on a train, in a car, before I sleep, or whenever I get the chance. Reading and writing is like food and water to me. I can’t do without them.

Reading these finance books have made me pay more attention to the health of my finances, which is not where it should be, but it is a work in progress, and I am happy it is nowhere where it was some years ago. And I am sure that is the case for many of us.

The reality for many of us is leaving from pay check to pay check, a never ending credit card bill, various store card bills, and online loans. Now there is nothing wrong with any of these if you do have them, life is hard as it is already, so being judged is the last thing we need from anyone, especially strangers. But the one thing I have learnt from these finance books, is that as long as you are on top of our finances, you are a step ahead. I have learnt to stay up to date with every bill and bank statement, and I working towards increasing my income streams, and spending less.

Have you read any of Barbara Stanny books? Do you enjoy reading about finance and business?

Speaking of books, have you read my book – How to Cash In as a Blogger?

 

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If you have, please leave me a review on Amazon, if you haven’t read it, please do and leave me a review once you are done. Thanking you.

*Collaborative post.

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