Current Events > Is $30,000 life changing money?

(+) Yeah! (+)

Discuss.

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Depends on how much you have to begin with. If you are broke, are in debt, or have very little saved, then absolutely.

If you are living incredibly comfortably, than its much less likely to change your life.

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For a poor person, yes.

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It would be for me.

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Itll be nice to have, but no it wont change my life significantly.

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It'd be more than enough to wipe off my debt so yes

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That money would buy you a five night's stay at a resort in the Maldives where you don't have to hang out with too many poor people.

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I can live off of that for a year, especially in SoCal.

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For me it would more give a sense of stability, but not enough to be life-changing, at least not at this point in my life.

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It can be depending on the person

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Fishstick posted...

Not life changing but enough to help out.

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Absolutely.

You can use it for investing, retirement, paying off debt and bills, education, rent/mortgage and so much more.

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That's a down payment on a house. That's student loans paid off.

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sabrestorm posted...

It can be depending on the person

This. It wouldn't be for me, now.

It would have been for me at 16.

It would be for most.

For some, it's literally 2 years of rent money. If I told the average renter that their rent was covered for 2 years, I'd call that pretty life changing.

Personally, it would knock about 15 months off my mortgage. So even for someone who lives somewhat comfortably, it would still make a mark.


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I would think that getting 6k less than an average yearly income all at once would be life changing. If used properly ofc

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It wouldn't be life changing for me but it would still be extremely helpful.

30k is about how much I could save in a year and a half assuming I didn't blow money on bullshit or emergencies, so I'd put half of that towards a down payment on the car I'm trying to get next year, $5k in savings, and invest the remaining$10k

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So I'm at the point where I want to have a house and I can definitely afford the monthly payments involved, but the downpayment is where I'm stuck. Still continuing to save and get closer so I can make a reasonable downpayment of 20% on a nice place.

So it's "life-changing" in the event that I'd be living in a house rather than an apartment, but not much else aside from that.

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30k would be sweet but it wouldn't change my life

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Yes, for someone in the middle class. Housing is one of our biggest barriers and 30k would certanly help me afford a decent house and climbing the economic ladder.

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For about 95% of the world's population, absolutely.

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Prismsblade posted...

Yes, for someone in the middle class. Housing is one of our biggest barriers and 30k would certanly help me afford a decent house and climbing the economic ladder.

This.

If I could immediately have a downpayment for a house vs renting?

Thats an economic jumpstart that will be life changing.

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For me, no but I would definitely take it and utilize it. It might help me get to a few business goals faster but would it change my life, the answer is no. Im gonna hit those goals regardless

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Nope

Would cover most of daycare for a year, or a small chunk of my mortgage, so that would be nice

But it wouldnt be a huge bump

Fwiw i make $30k/yr more than i did 3 years ago and my life hasnt really changed at all
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depends for whom? weird thread

I have about $23k in debt between credit cards, medical bills, and an auto loan.

Paying it all off would give me an extra $500 a month so yeah $30k would be fucking great.

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Would ease stress for the time being

For most people, absolutely.

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Not life changing for me personally but it would help on my down payment.

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I mean it obviously depends on who you're asking. Jeff Bezos makes that in a few seconds, probably.

But anybody on this board acting like they couldn't do something awesome with 30 grand probably has a gross overestimation of what they're worth. That's a lot of money for any normal person.

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Im about to get 38k so ill let you know soon.

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Heartomaton posted...

It would be for me.

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30,000 is at least enough to build a solid passive stream of income if invested correctly

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I would say it could be life-saving money, but not life-changing money,

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lol no

Yeah it would be different for me.

Right now, it would be the difference between getting out of debt and getting married.

it would help significantly for me.

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Could be life changing if you know how to use it

That would be pretty dang swell.

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RchHomieQuanChi posted...

30,000 is at least enough to build a solid passive stream of income if invested correctly

how would you invest it?

It would enable me to pay off our 2 cars, so yeah. Eliminating 2 decent expenses would be great in the long term.
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Yes, actually. With 30,000 dollars and the right mindset you can use that money to invest in your future. If your a gardener for example, it might let you invest in a new greenhouse which helps you grow more flowers/vegetables to sell. It's a starter investment. Someone just starting out in their field of choice might need tools to help their business grow and 30,000 dollars can help buy better equipment that you might not have had until 3 years of working.

It cost us about 30 grand to adopt our kid so I would say yes.

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nah, 300K is for sure

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Heartomaton posted...

It would be for me.

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I'd probably be able to retire two or three years earlier.

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It would be very helpful.

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Itd be for me, cuz Id invest it wisely and turn it into more

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