Girl who dances in a cage (cagekitten) wrote,
Girl who dances in a cage
cagekitten

Merry 10k to me

Well Merry Xmas to me indeed. Today I got:

*Borders gift cards
*$60 gift card for Victoria's Secret (boo-yaaa!)
*$10,000 worth of shares in a money market account

I know to most people this must be a lot of money. But it will only pay my health insurance premiums for 2 and 1/2 years. So technically it's just 2 and 1/2 years of health insurance. But I don't think I'll use it for that (I'll just keep paying for that every month out of my own money). Here are my three ideas (I need to choose one)...

1. Retirement. It will make a good contribution towards it anyway and I won't touch it until I'm 65 or something.

or

2. Put it toward a new vehicle. I love my truck but it already has 80k on it and I'm thinking I'll be ready to replace it in 2 or 3 years. So I'll let the shares sit for 3 years and then buy myself a little used hybrid vehicle.

or

3. New pole dance studio. I'll need a new, larger studio next year and most likely whatever space I find will need to be fixed up. I'll need to hire a contractor, a decorator, and pay for new poles, decor, flooring, painting, equipment, a reception desk, etc. I could borrow from the money market shares and eventually pay myself back so it will still be there for retirement.

In spite of deciding not to touch this money for anything extravagant for myself, I can't tell you how much I want to pull out $2k now for a splurge or my dream vacation. But I think I have to pay taxes on any amount I take out. So I have great incentive to leave the money alone for retirement.
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