If you had £25000, what would you do with it?

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Just found some good piece of info. In India banks give a 10%-12% rate on fixed deposits. I would park my money out there, having 2500 + every year. Best way without any risks.

travel

Invest in my future by Paying my University tuition fee.

Reply 23

Danibarnes

I would give some to my parents to say thanks for looking after me. Then I would put the rest towards uni fees and a little aside to put towards getting my first house.

Reply 24

la-dauphine

Original post by Nearvan

Invest in my future by Paying my University tuition fee.

Is that really worth it though? Depending on how much you earn after you graduate you'll probably never end up having to pay it all back if you take it out as a government loan (unless you're an international student of course), so if you paid £9k a year upfront you'd probably lose out over the course of your lifetime.

Reply 25

Nearvan

Original post by la-dauphine

Yea,I'm an international student. I dont consider £25000 enough to save. I mean 2.5k interest a year isn't much. I'd have higher chances of getting a good job after uni than relying on the interest rate. I could use it at one go per say, but lets face it, a car costs as much and i'll be going to uni. The best and most reliable investment i could make will be on myself, where i am the only determinant factor affecting the outcome of my investment. Just my opinion :smile:

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Reply 26

TenOfThem

Pay off a chunk of mortgage

Reply 27

GeorgeKindle

buy many women! :biggrin:

Reply 28

la-dauphine

Original post by Nearvan

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Yeah that makes sense :smile:

Reply 29

trophy_duchess

Original post by M1011

Money can sit in a bond until it's time to use it sensibly. These are just excuses, unless you think you'll make your fortune during university and therefore have no need for money when you graduate.

Or an annuity.

I mean, if I honestly go that much money I probably would save some of it...

But it really isn't what I want to do, so I can keep on dreaming :smile:

Reply 30

trophy_duchess

Original post by la-dauphine

That may well be true, but this article actually contradicts your theory that cosmetic surgery will lead to you being more appealing:

Should one strive to make more money and improve one’s appearance? As for the latter, Hamermesh said to USA Today:

“I know all the cosmetics folks and clothes folks say they can make you prettier, but the evidence for it just isn’t there,” he says, citing a 2002 study he conducted that looked at the effect of buying better clothes, hair and cosmetics.

“It doesn’t help much. … Your beauty is determined to a tremendous extent by the shape of your face, by its symmetry and how everything hangs together.”

Well, I wouldn't say it really contradicts what I said - after all, I wouldn't get any surgery that would make me look worse.

"“I know all the cosmetics folks and clothes folks say they can make you prettier, but the evidence for it just isn’t there,” he says, citing a 2002 study he conducted that looked at the effect of buying better clothes, hair and cosmetics."

By cosmetics, I think they meant makeup, not cosmetic surgery.

“It doesn’t help much. … Your beauty is determined to a tremendous extent by the shape of your face,"

I like my face shape though. The only things I want to change are nose, lips and chin.

Besides, I think these procedures are uncommon here, but in Asia, they really do use surgery to change facial shape!

Reply 31

jacketpotato

Original post by Xamanus

Just found some good piece of info. In India banks give a 10%-12% rate on fixed deposits. I would park my money out there, having 2500 + every year. Best way without any risks.

Please observe the following graph: http://www.xe.com/currencycharts/?from=INR&to=GBP&view=5Y. The Indian Rupee has declined against the £ by about a third over the last 3 years.

One of the reasons reason India has very high interest rates is because it has very high inflation. Yes you would be getting good interest but the value of your money would be going down all the time.

Reply 32

alexs2602

Original post by trophy_duchess

How about you?

Oh, errr... not really sure. It'd be nice to have an expert to advise me on my appearance (i.e.: clothing, hair style, grooming and the like). I really don't know what I'm doing with that. I'd love to go travelling and since I always plump for spending money on other stuff instead of travelling this would be a perfect time. £5-10k on backpacking around the world. Maybe a few k on technology and then once that was all said and done then consider what would be wise from there. Quite possibly save a large chunk. Maybe help my close family and friends.

Reply 33

hslakaal

Original post by trophy_duchess

25k? Not enough to make you pretty enough for a sensible wealthy man, I'm afraid.

Reply 34

Xamanus

Original post by jacketpotato

£ is stronger now. so you will get stronger value when you will convert. the INR will stronger.

Reply 35

jacketpotato

Original post by Xamanus

£ is stronger now. so you will get stronger value when you will convert. the INR will stronger.

Possible, but I don't think it is likely. Inflation in India is running about 6% and rising, inflation in the UK is about 3% and falling. Generally the exchange value of currencies suffering from high inflation goes down.

Whether the gain you would get from high interest rates in India would outweigh your likely loss on exchange rates is difficult to say.

Reply 36

louise4815

Put it towards buying a bigger house! I live in an apartment so to have a garden would be lovely.... :smile:

Reply 37

xoxAngel_Kxox

Personally, I'd buy a flat, as 25k is pretty much the amount I need (and I would get a loan for it otherwise, but cash would be great).

If I get it when I already have my flat, I'd put as much of it in an ISA as I could (although mine is full this year), £2,500 in the 5% Nationwide account I've just opened, and the rest in my Zopa.com account for 2 years.

I would love someone to just give me 25k, lol.

Reply 38

hothedgehog

I would put it straight into buying a house/flat of my own. Buying a house is my current saving goal so having 25k towards what I had already saved would mean that I would have a really good % deposit and I would be able to use a bit to kit out the house how I wanted rather than living in a bit of a jumble of cheaply acquired furniture until I was able to afford to replace it later.