You tell the genie your number and explain to them why you chose it. If the genie feels you went too low and your life wouldn’t change that much, you get one more chance. If the genie feels you went too high you get nothing. What number do you give, and what is your argument?
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Copy of the original post in case of edits: You tell the genie your number and explain to them why you chose it. If the genie feels you went too low and your life wouldn’t change that much, you get one more chance. If the genie feels you went too high you get nothing. What number do you give, and what is your argument?
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Whatever amount would pay off 1) credit cards; 2) student loans; 3) mortgage; or 4) car note…or some combination thereof
26,397.61 would pay off my car and some other debt essentially saving me about $900 a month, and enabling me to do a lot more. It would also help work life balance in not working 60+ hours a week.
Ooo I like this one! The definition of ‘significantly’ is the problem. How significantly do you mean? I could ask for enough to pay off my mortgage and that would be impactful, but I’d still need to work to pay other bills etc. if you mean significant enough to not work at all or travel, it would have to be at least a couple million.
So I’m back where I started if I choose wrong twice, so I only stand to lose a gain. Minimum number would be the rest of my mortgage and if that didn’t satisfy it, I might compound my average income over the last 5 years and lump sum whatever I’d assume I’d make over the next 20-30 years. Retiring now would surely significantly change my life.
The exact amount to pay off my student loans, and mortgage. I got it from there.
Significantly? Probably about 200k.
Significant is a subjective term. I think 50 million would significantly change my life because it’s enough to pay off all my debt, set my immediate family up for life, and allow me for the first time in my life not worry about my finances or the state of the world.
Payoff amount for my mortgage and the two credit cards I ran up being unemployed while sick. A clean slate and getting rid of my most significant recurring expense would be a fairly significant life change and I think the genie would agree I wouldn’t be grasping for too much.
$200k
About $3.50
$250 000
That pays off the mortgage ($150k) and gives me a solid start on starting a business I’ve wanted to do my whole life. That is about $15-20k for equipment and $80k as a decent down-payment on space or $20k down payment and $60k to work as maybe about 2-3 years of expenses.
20 dollars. I haven’t eaten in like 16 hours, I could go for a kebab and a Starbucks drink
I would ask for enough to live and retire off the money so I could devote my time to charity and family.
I would say $2 million USD, which would give me 50 years at $40,000 per year.
With that money I could live a decent, simple life here in my low cost of living area and use my time and skills to help a lot of great causes.
Less than that would be nice, but it wouldn’t “significantly change” my overall life.
3,571,428.57. This will allow me to withdraw my household salary each year without spending a combined 80-120 hours per week at a job we all don’t enjoy.
4-5 million any less would certainly be life enhancing but not what I’d consider a significant change in my life.
I currently owe $300K on my mortgages. I am also retired and disabled. Not having mortgages payments means I could afford to stop working, as disability and retirement will pay the property taxes, insurance, and general cost of living (food, utilities, etc.)
A lesser amount would significantly change my life down the road, as I would be able to fully retire earlier. $300K would significantly change my life now, as I can put in my notice today.
I am assuming the genie means change my life now, not change my life later. I go with $300K. If I get nothing, so be it. Life continues as normal.
pay off HELOC and personal loan taken out to add on to house($55k left)
pay off mortgage($110k)
It wouldn’t take much. $250,000 would significantly change my life.
I would argue that when it comes to what would significantly change my life, 1 million would significantly change it, but you cant argue that 10 billion wouldn’t significantly change it also.
1 million – pay off all debt, buy a forever home, put a couple hundred thousand in pension so that im covered later in life bla bla bla
10 billion – I can retire, i would love to travel the world, I can buy a private jet to travel the world and fufil a dream, I can hire security to ensure my safety, i currently have to work very hard for anything i want, that kind of money would significantly change that. I dont have kids but i can have kids without worrying about the financial impact and worrying what i can leave them behind when i die and if they will be ok, significant change from now.
$880. Seriously.
That would take care of all the late fees I’ve been adding up on rent/phone/utilities/etc. and basically take me back to zero. (For anyone that hasn’t experienced the constant fear living paycheck to paycheck, hoping you don’t get sick or injured… living without that fear is ABSOLUTELY a significant change)
I’d be able to make normal payments on time and not have to worry about eviction/power turned off/whatever else. i might even be able to start saving for a car so I don’t have to take the bus to and from work
If that’s not significant enough, $5000 would let me pay all those late fees and buy a cheap beater to get to and from work.
If THAT isn’t significant enough, it would be however much a decent 2 bedroom house would cost near my son’s school and my jobs. Say… $200k.
I’m not greedy. I can keep working
Lowest amount 150k. It’s enough to finish paying my house off.
With no mortgage, I’d save a good amount of money. At least 700 bucks a month (still have to pay insurance)
$223,487.52
That would pay off my mortgage and all my current debt.
$12,000. It would at least get most of my car fixed and able to pay off my credit card, which would leave me enough to “sit on” as I kept working.
The question is what does significantly Change my life mean. 200k would pay off current debts buy me a car and down payment of house. 750 k would pay all bills buy house. 5 million buys me a mansion a couple cars horses a vacation home. And keeps me able to keep that life.
30k would pay off all of the debt from problems we had to fix with our new house within the first 2 years of owning it. Not making payments anymore I could pay off my vehicle way faster and then the house
I would ask the genie to define their interpretation of “significant”.
I built a PC last year. Cost less than £1000. Still a significant difference to my life from some perspectives.
3 million. anything less and my life is not significantly changed. I would still be living in the same house working the same job, doing mostly the same things, just with a little less stress and maybe another property with a big garage for a few extra cars, and move my golf sim to that property, but really nothing significantly life changing. at $3mil post tax I could retire if I wanted, and then my life would be significantly changed.
I would say 500,000.
There are improvements to be made to my life for less, for sure, but to significantly alter my life? 500k.
That pays off all my debt with enough leftover to buy a house with either a secured loan or cash up front.
To have a house, a fixed up, nothing-wrong-with-it, turnkey move in ready house, big enough for my family, and to get it without a mortgage payment? That’s life altering for me. And, to do so with no other debt to pay off? No other monthly bills besides utilities?
I’d be set. I could easily survive like that. Like, yeah, groceries aren’t cheap right now, but if I wasn’t struggling with other payments I could put more toward groceries.
And i don’t even need a huge house. Just one with enough bedrooms and bathrooms for my kids. So 500k, especially in my area, would cover it. Even after I deduct the rest of my debts from it.
To change my life significantly… I would need
Enough to pay off all debt for myself and my mom who im currently supporting…
Buy her a house so I can get her out if mine, and enough to live comfortably without working, cause less than that wouldn’t really change anything…
Significantly change my life? It would have to be enough for both my wife and I to not have to work and still have enough money to be able to live at a minimum same standard of living we currently enjoy. So I would say 16 million. That would allow us to not have to work if we don’t want to, and maintain our lifestyle in our HCOL area.
To me significantly change would be all debts including mortgage, car, credit cards, student loans, but also never having to work another day in my life while still being able to travel and to do the things I love. So totaled debts of 400k + 250k a year to live on for the next 70 years while adjusting for inflation at 6% because things sucks, comes out to $257,152,024.96
$10.5 million. That would be enough to:
Pay off all of my debts (currently ~$100k).
Buy a house in cash and move there. I live in a VHCOL area, and I’d want to buy a large enough multi-family home to both have room for potential kids of my own and a place for my sister and/or friends to have somewhere to live, so I’d be looking at something like $2 million between buying the home and renovating it (I’d get a cheaper home that way than buying a turnkey place).
Put aside $3 million for retirement for my husband and I, letting me reduce how much I’m socking away into retirement from my paycheck now. Like, I’d still work, I’d just have a slightly bigger paycheck due to not having to worry about retirement anymore.
$5 million for potential taxes on this lump sum of money, since you didn’t specify that it’s tax free. Anything left over from taxes (not sure how much because I can’t do that kind of math) can go into savings.
There’s $400,000 left over and that can also go into either savings or towards stuff like vacations or a honeymoon (my husband and I didn’t have one).
ETA: To be clear, “savings” includes:
Enough money to live on should I lose my job
Enough money to cover serious medical expenses (ex: cancer)
Other kid-related expenses if we ended up having them (daycare, college, etc.)
“Significantly change” is very, very subjective.
Potentially too low option:
Enough to pay off all debt (i.e. mortgage) and buy a new car to replace my current vehicle. Completely debt free with a new car with warranty would be nice, but I’m not far from having that already (three more years on the mortgage, and probably buying a new car soon and would plan on paying it off by the time the mortgage was done as well), so it might not be enough to qualify.
Potentially too high option:
Enough to cover the above, plus buy and outfit the sailboat I’d like to have for retirement, and enough money to cover the first 5 years of my retirement spending as I move investments from traditional retirement accounts to Roth accounts over that time. This is probably the above plus around $500k.
Probable ask if the too low option was not accepted: somewhere in-between the two, maybe just cover the boat in addition to the initial too low option.
I’m going with $417,070.43 as this would pay off 100% of my current debt, which would significantly change my monthly cash flow to the point where it would significantly improve things, also allowing me to eliminate a pile of expenses (outside of debt) by buying a new house w/ warehouse to eliminate monthly rent and allow us to start a family since our current place is too small.
300.000 EUR
25k and the stuff peering at me in the near future would be nbd and my life would literally be not a nightmare
100k dollars. It will get me a BEAUTIFUL apartment where I live. Not needing to pay rent will seriously allow me to do a lot of fucking things in the exact moment I move in. I could start studying arts, start saving for trips for me and my wife, having good savings in case anything stupid happens.
5 million
That would be the least amount of money to change my life. I would be able to buy a nicer house or just invest it and live off the interest. Either way, my stress over money would be greatly reduced, changing my life significantly
Can we hold that thought for about a month, so I can get a firm number on what it will take to build my lottery fantasy house?
Just enough money to buy a home with some land and food so I can take in vulnerable animals that need help and shelter. If I have anything left I’d help Veterans in need.
I would say 600k.
I could pay my car off which is about 18k, buy a house i like that’s 250k, furnish it, pay bills for a few years, get groceries, whatever my baby needs and not worry about working for at least 2-3 years until my baby can talk and go to daycare so I can start working. Or id just go back to school to find some job I can do from home.
It may surprise you, but $4,000,000 USD. I would be able to live off the interest from the money growing in secure accounts without every touching the principle. It would give me a better day-to-day financial footing than I have now, but likely not better than what I’d earn by the end of my career. I could change careers and do something more impactful for others.
If it didn’t have to be positive, then the smallest linear amount would be a debt. Enough debt would impact my life.
But for positive amounts there would be little impact for the modest amount. I would keep my job and where I leave. For me to consider to stop working would need enough to last me until retirement.
There maybe smaller amounts that could impact my life while I kept working. But I don’t have much that I would want to spend it on, versus holding it until later. So somewhere between enough to cover my life expense for 20 – 40 years at my current rate of spending.
I mean, really… The absolute minimum that would change my life significantly would include at least enough to buy a decent house (and all the costs involved with that), buy a more reliable car, pay a few debts, take care of some medical issues, and I have some legal matters that I’d like to resolve.
Plus, I’d want a small cushion left over as a safety net. Nothing unreasonable. Just enough so that I’m not completely starting over (again) if something bad happens (again), and also for any unforeseeable repairs or updates needed on the house.
I’d say about $500,000. And although much less than that would still change my life, the prompt says “significantly.” Significantly, and based on need, $500k would about do it.
Clear all my debt
I give the genie the amount of my remaining debt (mortgage, truck, cc) + 12 months’ worth of living expenses. I would argue it significantly changes my life because now I can increase my savings rate significantly and retire 15+ years earlier than planned, all while having an emergency fund to carry me for a year in the event I lose employment.
5 million dollars. I could pay off all debts, make sure my kids’ college is paid for, take a family trip
10k to pay for 6 months of rent…
Significantly you say? $3M, enough to buy a house and invest the rest, letting me leave my current job and live off of investments. Anything lower means I still have to work, which means my life hasn’t changed much.
I need about 10k.
Gotta update a bedroom, get a crib, diapers, bottles, car seat, breast pumps(home and mobile), a new dish washer, a new fridge, a new chest freezer for breast milk, four new tires, brakes done, new transmission, a new speech tablet for my youngest and a high quality air purifier because I can’t ever catch my oldest smoking in the house. And then mortgage for a month to take the stress off and build the savings back up because god damn it five kids + one due in August is rough lmfao
Technically additional debt would change my life for the worse. So negative $1million?
10k USD. it would fund my entire study rn .
Enough to pay off my mortgage, no need to be greedy.
Probably about 1 million. Most houses go for about 800k in my town, then the remaining 200k would go to paying off my car, savings for property taxes from the house, and just feeling somewhat financially secure. I would still work a full time job like I do now.
I’d go with £200k. That’s exactly what I owe on my mortgage. This would mean that I could work less, travel more, and just have a lot more spending money overall from not having to pay £800 a month towards my house.
I’d still work probably 4 days a week, I’d still need to be careful with what I spend. I just wouldn’t need to worry about money as much and have a little bit more time and money to treat myself and my fiancée.
Eliminating all major monthly bills is pretty damn significant for schlub like me
$300K. That would allow me to pay for a house where I am moving to my new Job. Wouldn’t buy it outright but it would make it possible for me to without being financially risky.
About $345,678.90
I honestly think the smallest amount that would significantly change my life would be enough to buy a house. I’m in a position where I probably could afford a deposit on a mortgage already if I wanted to, so I’m going to suggest the full amount for me to be able to buy a house in the area I live. Which would probably be about £400,000
How significantly are we talking ? Normal significantly and $300K would do the job . Not working a day significantly? $2 mil .
And besides I could just start with $10k and slowly move my way to whatever yet genie deems significant .
I’m going to say 100,000. This figure would wipe out all of my debt, and I would throw the rest into catching up on my retirement because I’m pretty behind for my age. Still need to work after this point, but I would gain an easy 1,000 per month to do whatever I wanted with.
Roughly guessing…$400K pays the mortgage, my car loan, sets aside money for my daughter’s tuition and puts the remaining alimony I owe in an account “over there” I could just draw out of monthly.
I still have to work but, now, I would be saving a bunch of money each month to rebuild the fact that I had to pay the Ex a few hundred thousand dollars to, kindly, get the fuck out of our lives.
More is great but that’s enough to have a massive impact.
I could “handle” the $170K to pay off the house. That would have an unbelievable impact on my life and future.
I’d ask for $41,000. That would allow me to get the portable tiny home I’m looking at which will help me avoid sleeping on the streets in a few months when the place I’m staying in gets sold.
First try: $100,000
Second try: $500,000
A significant change would be the funds to pay off debts and relocate without incurring more debt. That would mean this amount plus assets sold would allow you a fresh new start.
For me, that’s in the 200k-300k range
$425,000
In the abstract I’d say the answer is:
-pay off 100% of debt
-large enough lump sum to cover ongoing expenses in perpetuity at a 3% SWR
The significant change to my life would be, no CC debt, no mortgage, no student loans. So that combined total is the answer for me
I could probably make an argument for lower but $25,000.
That would let me secure an apartment while feeling comfortable. That would let me move out of home, which is a significant improvement on my life.
25k wouldn’t cover the whole apartment. But it would give me the savings and “piggy bank” to afford the apartment with my salary, car payments, etc. I could then save up more the rest of the year and keep my income rolling.
25k would likely have significant impact on my life.
I could maybe go $5-10k lower? But 15k might not be enough for me to do all that comfortably.
Significant change thats tough. Already retired living a regular life… to change significantly I’d need enough to travel comfortably instead of coach. 500k invested would give me 2500 a month to pay for upgrades on my travel.
Rent luxury car instead of compact. Stay on site instead of near by at attraction. 4 star overnight hotels while driving instead of ” its just a bed” places i stay now. Bigger tips for tour guides. Better tours. Longer trips. Upgraded cruises.
So 500k and I’m significantly changed
$200,000. This is enough to pay off any of my debts, move out of my shit-hole apartment, in my shitty neighborhood into some place quiet and safe, where my stress would be significantly reduced and my health would be improved. It would also let me quit my job and focus my attention and energy on setting up my business.
My basic goal would be to live off of the money for two to three years while I get my business set up and stabilized. I considered asking for less but I want to be able to use some of the money for the business itself and I wanted a little cushion against inflation.
Maybe 100k
$150 right now would probably prevent me from needing to overdraft my account later this month.
47k – my only remaining debt is my student loans. I’m on PSLF and might get them forgiven in November, but who knows whether that will still be an option. I still owe the full amount I had when I graduated. Having that out from under me would allow me to work in the private sector for a lot more than PSLF-eligible employers.
$600k
100-150k would allow me to comfortably pay off debts, let my wife finish nursing school, and maybe cover a down payment on a house. We could get so far on that alone.
To significantly change my life I would need enough to stop working. I would think $700 000.
But I don’t want to be greedy and lose it all. I would start with $300 000 and go to $500 000 if I get another chance.
enough to be completely debt free, that’s it
55k
As much money as the oligarchs of this world have. Time to weed the planet.
I would only wish/ask for enough money to be able to afford a proper place to live for a long time as well as make sure I can support my four legged fur ball. So, maybe, 5k?
It would be somewhere around $20 million maybe.
Id ask for an annuity payment equivalent to my current salary with inflation adjustments. I am surviving currently and I could continue at the same level but without needing to work which would be a significant change in my life. I would also have the option to continue to work if my goal was a drastic increase in income/lifestyle.
I realize the OP said lump sum, so a lump sum equivalent to what would be necessary to purchase said annuity
50k would pay off all my debt and leave enough to build on. My credit would recover and I wouldn’t be in survival mode. Is still have to work out course but I could breathe a little.
I’d probably calculate roughly the total cost of my kids college and ask for that.
It would be significant for me to be able to send them to college, have neither of us take debt out, and be able to save for my retirement and not have an additional set of loans to pay for. It’s not a MASSIVE amount of money, but the difference between having extra money for life and retirement for the next 10 years, versus no extra money and new loans to pay is a pretty significant thing. But it doesn’t feel greedy.
Any less than that would obviously help of course, but much less and it’s really changing my life by smaller degrees, and wouldn’t end up being significant.
Significantly change my life?
£3,000,000. That’s enough to invest in property, clear debts, start a business and still have enough left over to secure my standings for the next 15 years. Even then, I think it’s probably closer to 8 or 10 million because cash just doesn’t go that far these days.
Significantly change would be about $100,000. That would let me pay off my house, and other debt, and leave enough to repair the roof on the house, with those done I could easily change to a job I enjoy more because I would be tied down by those extra expenses. The stress reduction in my life would be significant change.
If I get time to do some math then I’d tally the following:
Taxes
Mortgage for a modest house to live in
Mortgages for two small apartments for recurring income
Car payments for three vehicles
Mothers debt/retirement
Children’s college
Personal retirement
Budget for vacationing
Budget for 2 potential medical emergencies
This would allow me to live a life where I could dedicate a large amount of time to things I love and charity, which would be a “significant” change from the life I am living currently
£80k would pay off the mortgage, any outstanding debts and leave a sum to get the car fully serviced which it hasn’t had in years. Not having to throw the best part of a grand a month down the well of finance company profits would be life changing
Bro I’ll take 20$
250,000.00 would allow me to pay off all my bills and stop living pay check to pay check.
Ca 900k
This would change my life. Because i could afford to work less AND a ready to go home, or get my dream cottage and renovate it. The important thing is, biiig garden. As my dream is to become a rescuestation for animals. Eventually even employ people, or ask for volunteers.
I would choose the amount that would pay off all my debt, catch me up on all my bills, and put new tires on my vehicle.
Whatever would buy me a house or a car. The car would indirectly increase my saving per month to buy a house, or the money for a house directly.
$100,000
This would allow me to get completely out of debt and get caught up significantly on bills.
This would increase the quality of life for my family tremendously.
I’d say “significant” would be an amount of money that would
$300,000 would pay off every bit of debt I have (mortgage, student loans, credit cards) so that would be more than enough.
1 million USD. I’ll be able to buy a decent home, get a used car, get some decent furniture, get a full medical checkup, and have a nice, fat bank account left over to earn interest and make my future life more comfortable.
I think about 150k, I can’t remember exactly numbers but we still owe like 100k on the house then with student loans, car loans, and credit card it’s about 50k
$865k. That would pay off my house, all the repairs, my student loans, all my other debts and my dental work.
I’d have to tabulate that. I think ultimately it would have to be an amount that would allow us to pay off our mortgage & car, make all the renovations & repairs we wish to make on our home (or purchase a brand new build in cash), and have enough invested to bring in passive income that would allow my husband to retire immediately, keeping in mind his 401K & our retirement accounts cannot be touched without penalty for another 20 yrs or so…🤔
Finding that exact number would be tricky. More than $300K, but possibly as much as $1-4 million, depending on how that extra money is invested to generate passive income.
38,000. That would allow me to pay off my debt and give me a small cushion as I continue job hunting – my last job ended a while ago and my savings has dwindled to very little. This would give me a few more months of security to hopefully find something.
200k
25k. Enough to replace my janky old car with a new one.
$500,000
Everyone’s getting this answer seriously wrong. A million? Are you kidding? For some people, significant change would be $10k. Unless you’re super rich, a million isn’t just a “significant change”. It’s a major life changing event. It’s not even remotely close to significant.
Now, having no rent/mortgage? THAT would be a significant change for anyone.
Debt
Credit cards – 12K
Car – 25K
Student Loans – 10K
That would change a lot in my life but significantly – lets says 300K for a house.
350K would be the amount.
$2,861,345.47
$2 million. Could pay off all loans, buy a house, fully fund college/private school for my kid(s) and have another kid with very little left over. “Significantly” is a very vague term though, would owning/taking a private jet everywhere constitute “significant” enough? If so you can push that number to the $100Ms.
400k. I could buy a decent home outright and have no mortgage. Then I could keep working and save tons of money.
500,000. I could pay off my loans, use my car to exchange for a better version (love her but she’s been breaking down), and I’d have enough for a down payment in the town I grew up in. That’s pretty life changing to me
That would be if I could pay off the debt on my house. That would give me roughly 1000 dollars more per month to pay off the remainder of my car loan, and make me able to send junior to a great private school close to where I live.
Clear my house mortgage debt of 138k. Frees up money to do what I want with it. To me, that’s a significant enough change.
If that number is too low, then double it. And add some, make it 300k.
The money to pay off the debt and the rest to be invested in my kids’ college savings would alter our lives significantly. The stress of not having to worry about our debt and their financial success or debt for college.
$500K would do it
🤑🤑🤑
I’m so fucking broke right now $1,000 and send me to the goddamn Moon
100K
Enough to pay off my debts and have a deposit for a house. Everything else I’m happy to keep working and earning money to pay for etc
I ask for the exact amount needed to zero out all my debt. Mortgage and credit cards.
Honestly for many, $250k would significantly change a life. Really just judging what the genie thinks that number is would be the rough part. If I was able to get like three minutes to really think about that $$ before speaking, to mea significant impact in my life and those immediately with my journey, I think $4.5M. That’s an annual replacement of what I would make in the next 25 years, plus a little extra for comfortable living, travel, fun, and hopefully minimal tragedy. It’s not living beyond a reasonable realm. If that’s too low, we all dream and aspire, I could fill that void pretty easily. Not talking about hookers and blow but the sky is the limit.
1 dollar. Imagine how much your life would change if you’re be the guy who could pick any amount and went with 1 dollar. Your life would definitely be different.
Enough to rent an apartment for 4-5 years + enough to buy a decent house when that rent runs out + whatever the full cost of tuition would be + about 2k to pay off credit card debt
I don’t have much debt or loans at this point in my life but being set up for my future would decrease the amount of stress I have. Plus, since I wouldn’t be using the money for awhile, I could put it in a hysa or something and get more.
This will significantly change my life now and even more so in the future
Whatever amount my mortgage + remainder of student loans + get my car fully fixed up + my parents medical/mortgage bills adds up to that’s all I need
I dont even need any extra, have all that paid off and my parents able to finally retire is all I need
$490,000
$3.50.
That’s right. Three dollars and fifty cents.
Because then I could get that Loch Ness Monster to leave me alone.
Hmm 100k probably more. Need to rebuild my home, which hasnt been properly, if at all maintained even durin my great grampas life. Or demolish it, make a parking business and build a home elsewhere.
Amount to pay off the house.
550k.
1 william dollars… i live in one of the most expensive cities, to be able to buy a house and pay my student loans… or be able to quit to pursue my passions as a job.
At this point, the ‘significant’ change would be whatever my mortgage payoff is. I think around $300k. Then I could put that money towards any other debt and be free and clear in a couple years
10k could change my year. A noticeable change on my full life even in the future? Probably 100k
$500 I need close to 800 to get 1 years worth of insurance on a house that I don’t yet own, in order to qualify for a first time homeowners program through the u.s.d.a. if I use my credit to get this, there is a chance I no longer meet the requirements due to my monthly credit payments being too high. I can come up with 2-300 myself. When we get the place we plan to get chickens and plant food. This could potentially make it so my wife and I no longer need public assistance.
$1mill
I’d say $20k. That should pay off my remaining student loans, credit card debt, and I’ll be debt free. That saves me at least $900/mo right there, enough to actually have savings and maybe move to a better area eventually.
If he wants more than just debt free, I’m honestly not sure what to ask.
I would create a business plan and treat the genie like a grant funder. 😁
The lowest amount that would significantly change my life is $4284. That pays off 1 auto loan.
$1.75M
That’s a great house in a good area, two new and reliable cars (one daily driver and one higher-end for work purposes), debts (student and otherwise) cleared, school finished, and actual wardrobe (and not just the same few pieces endlessly reworn), plus some for “creature comforts” and smart investment in the market and the home to build its equity.
Not luxurious, but definitely comfortable and maybe even stress free.
I’d say… Enough money to buy my first home. I have 2 young kids and a 2 bedroom apartment is not going to cut it in the future. The appartment I live in now is terrible. I live in New York, so 1million dollars will do. Housing is expensive here… That would be the most meaningful change for me.
$287,000 to pay off my mortgage. It would significantly open up my finances to reallocate funds for a change in my quality of life.
I’d need $8,153,000 to significantly change my life. That amount would allow my wife and I to buy our 3 children a house each and a new vehicle. It would pay off any debt we had and let us invest the rest so we could retire. We’ve been painting houses together for 22 years and it wears on the body
hmm Probably like the down payment on like a cheap house? Or part of the down payment? (because like I am working on putting one together myself so like genie money + my money maybe??)
1 million. It’ll definitely help me significantly.
This very well may be the only monetary hypothetical that actually makes you think. Well done, OP.
I’d say 3 million, and the genie knows why that would be the minimal for life-changing. In general, living in NY, with real estate, tax pricing, and so forth and so on, that’s my number. I’d rather 5 million truth be told, but the minimum to pull off the plan is 3 million and selling everything else we own.
Willingly change or EVERYTHING that can change my life?
Because technically drinking a 10$ bottle of bleach will definitely change my life.
This sucks because the poorer you are, the less you get. What is going to significantly help one someone barely make ends meet is very different than a billionaire
$43,000