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Jul 31, 2020
12:35
:58
pm
Linescratcher
Truly Addicted User
great observation. debt is exactly what I think about in terms of life changing
which is a roundabout way of getting people to think about (reconsider?) the amount of debt they take on.
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Linescratcher
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Linescratcher
Joined
Dec 21, 2010
Last login
Jun 22, 2021
Total posts
15,086 (4,281 FO)
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Messages
Author
Time
POLL: what is the least amount of money that you would consider "life-changing"?
Linescratcher
7/31/20 12:25pm
5k would change the life of a few people?
El Paso Coug
7/31/20 12:29pm
Perhaps a large unexpected expense they are facing. Like a medical bill.
garyfan
7/31/20 12:32pm
someone with 5k credit card debt, low income, that is barely staying afloat but
BYUFootballisBack
7/31/20 12:32pm
I think $5k would only really be life changing if that’s what it takes to get
VenturaCoug
7/31/20 12:36pm
From my experience people watching, such money gives them a few weeks,
Corn Pop
7/31/20 12:41pm
those people consider that much money "life changing" though, even if they fail
BYUFootballisBack
7/31/20 12:50pm
Uh, someone in poverty?
valleus
7/31/20 12:48pm
It would have changed my life at one point, say when I was about 22.
ReyOso
7/31/20 12:32pm
For most people, it would be an amount of cash necessary to let them become debt
BYUMizzou
7/31/20 12:33pm
great observation. debt is exactly what I think about in terms of life changing
Linescratcher
7/31/20 12:35pm
I picked the amount to pay off my mortgage. That would change things for me.
Cru Jones
7/31/20 12:36pm
I think being debt free is the major factor but age and how close you are to
Blue Heart
7/31/20 12:39pm
Ya, and this will vary person to person, and throughout ones life. Early on in
Lifi
7/31/20 12:42pm
Enough to pay off my student loans would be life changing.
russkiejedi
7/31/20 12:42pm
25K would be enough to get a down payment on a house
ZacSeljaas'Stache
7/31/20 12:43pm
Can you define life changing? Can taking a trip you wouldn't go on be that?
Coach's Dad
7/31/20 12:47pm
I answered the latter question you asked
webster242
7/31/20 12:58pm
Maybe 250k. Then I could try different career paths with more flexibility.
SLC-Warrior
7/31/20 12:59pm
I'd say whatever the amount is to get yourself out of debt less the mortgage
paulb
7/31/20 1:00pm
Anything above $100k. Allows me to become an investor.
StalwartBraveTrue
7/31/20 2:14pm
IIRC there was an HR study done a few years ago. +$500/month Changes lives
Nat Gas Man
7/31/20 2:42pm
What does an extra $600 a week get you?
rcbyufan
7/31/20 2:54pm
Secure food, housing and safety
Nat Gas Man
7/31/20 3:00pm
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