This idea was contributed by the dear and wonderful Saket. If you have an idea, then please let me know it!
If the 20 year old version of yourself received $100,000Â in cash, what would he do with it? What would you do with it now?
Thank you Saket. Great question.
If at 20 years old, I’d gotten $100k I would have:
- Put it into my 401k, ROTH, and then spend a bunch in Vegas
I genuinely think it would have been that boring. I wouldn’t have been brave enough to drop out of school to start a company. I wouldn’t have been smart enough to buy real estate (when I was 20, the market was just recovering from the tech crash and 9/11), and I definitely wouldn’t have been crazy enough to buy $100k worth of epic parties.
Gosh I was really boring then.
And now… I’d put the money in the kids 529s 🙂
Still boring.
The crazy thing is I realized that $100k to the 20 year old me would have blown my mind. Now, I’m thinking…
- Well, 50% probably goes to taxes so it’s really only $50k
- And then I’ve got these bills to pay
- Oh yeah, Micky wanted to do that thing
- No, no, we should invest it in our savings
- Actually, let me just get ahead of paying for that MIT tuition for Amelia
Oh me 🙂