I think $5k would only really be life changing if that’s what it takes to get

Jul 31, 2020
12:36:21pm

VenturaCoug 3rd String

you out of debt. I would not turn my nose at $5k, but even with a low income, a one time payment of $5k isn’t gonna go real far.

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VenturaCoug

Bio page: VenturaCoug
Joined: Oct 1, 2014
Last login: Apr 29, 2024
Total posts: 1,247 (1 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

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

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