Photo: Flickr / Mait Jüriado
Here’s a fun exercise. Say you got an unexpected $50,000 inheritance. Responsible person that you are, you put the first $40,000 toward savings, retiring debts you have, and any usual charitable commitments.But $10,000 could be fun money.
What would you do with it?
To make this game even more interesting, here’s a ground rule: looking back on your life, you’d remember, fondly, how the money was spent.
So how would you spend it?
I haven’t gotten an unexpected inheritance lately, but I spent some time thinking about this question as I was writing “All the Money in the World,” and came up with a few memorable $10,000 ideas:
1. Fly to Mongolia ($2,000), then do the 11-day REI “Mongolia Multisport” trip, featuring camel trekking and sleeping in desert camps ($4,000, plus $900 single supplement). I’d tack on a few days of R&R and pricey souvenir shopping at the end.
2. Commission a major choral work from an up-and-coming composer ($2,500), hire singers to perform it ($200 x 20 is $4,000), book a venue ($2,500) and spend another $1,000 promoting the premiere.