How to splash it.

Discussion in 'Trading' started by tonyf, May 29, 2021.

  1. tonyf

    tonyf

    Say you are in a terrific position: you have figured out a reliable risk-adjusted approach that is netting you 7 figures a year. You know the tide will pull back at some point but feel euphoric nonetheless. You want to reward yourself. You love compounding but ask yourself why work hard to make it if not to spend some and enjoy life.

    You have paid off your large mortgage already, have 3 kids, a fast car, a dog, a penguin and an iPhone 10x.

    You know nothing about art, and not care to show off (Jewellery etc)...

    How would you spend some of your disposable income if it was you (or when it will be you :) ) ?
     
  2. jharmon

    jharmon

    I spent a lot of money on booze, birds and fast cars. The rest I just squandered.
    George Best
     
    MartyMcFly and jys78 like this.
  3. themickey

    themickey

    Book a cruise or two or three with True North, top end Australia.
    https://www.truenorth.com.au/aboard/expedition-photography/
     
    guru likes this.
  4. El Trado

    El Trado

  5. qlai

    qlai

    Start a charitable organization. The best gift is the one you give. But it’s hard for a person to go from scarcity to abundance state of mind. Hope to get there one day.
     
    ajacobson, taowave and longandshort like this.
  6. guru

    guru

    Agree on a cruise, though I picked Europe. Take your extended family.

    Send kids to best colleges. Fund their own business(es).

    Invest in local startups.

    Support a local school, especially in a poor area.
     
    qlai and tonyf like this.
  7. tonyf

    tonyf

    Spending on birds is well beyond my risk limits :).

    I take it that Best's epicurean hedonism is not your game!
     
    guru likes this.
  8. traider

    traider

    Buy a better PC . TWS is too slow and getting slower
     
    taowave likes this.
  9. tonyf

    tonyf

    It's fast enough for my needs actually...i don't trade that often.
     
    jys78 likes this.
  10. Handle123

    Handle123

    Start a business and hire people to include disabled. "Splashing" does not always mean YOUR desires.
     
    #10     May 29, 2021