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[serious] what would you do with your first 100k? (sh.itjust.works)

submitted 1 week ago by awaysaway@sh.itjust.works to c/ausfinance@aussie.zone

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Were you between 20-35 how would you allocate your first 100k saved?

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[–] Nath@aussie.zone 2 points 1 week ago (1 children)

I might buck the trend a little here: I did spend my early money on a house. However, I never travelled the world in those days. I have always regretted it.

If we're talking $100k in the 90's when I was actually 20-30, I could put $70k on a house, rent it out, set up with the rental income and $15k of my money covering the first year or so of payments.

Take the remaining $15k and go on an epic backpacking adventure around the globe.

$100k these days wouldn't be enough to do this, though.

[–] butters@aussie.zone 1 points 6 days ago

2nd putting money aside for fun experiences. Doesn’t have to be much but saving for a house is a long, arduous, sometimes soul sucking process. It’s good to have those experiences first.