The following is a reprint of a previously published post. Enjoy!
I had the privilege of taking my aunt Anne out for breakfast today. It was her birthday, (which I had actually forgotten about) which made it all the more special. Our original plan had been to go out for dim-sum, but we ended up finding a wonderful little café not far from my house which hit the spot.
This aunt is actually only 15 years older than I am and lived with us for a few years when I was growing up. She has always been a true inspiration to me — gleaning fabulous treasures from thrift shops and taking me and my sister to musty old used book stores when we were at our most impressionable ages. (The smell of old books still arouses an overwhelming feeling of contentment for me.)
She is smart, funny and generous beyond a fault despite never having excessive income.
Sadly, she now lives in Florida, which means that I hardly ever get to spend any time with her.
On our way back from breakfast, (plus a couple of garage sales) she started talking about what she would do if she won the lottery. I can’t actually remember what she said she would buy for herself, but she did say that she would give us each $11,000 per year. She said this is the amount one can receive annually without having to pay taxes on it.
I started to think about what I would do with an extra $44,000 annual income, (yes, she said she would give $11,000 to each of us!)
I would most definitely eradicate any and all consumer debt, but then what? Travel? Charitable giving? Cool clothes? Savings?
What would you do with an extra $100, $1000 or $10,000?
Here, I’ll start:
$100 — I would put it in savings. (There’s nothing for $100 or less that I don’t already have.)
$1,000 — I would pay off debt.
$10,000 — I would travel with my kids to somewhere like London, Japan or Greece. Perhaps somewhere sunny like Hawaii or Mexico, (which would be cheaper and allow for leftover funds.)
Okay now, your turn! Please put your answers in the comments section below.
“Use it up, wear it out, make it do or do without.”
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