Choose Two, I Only Need One!
Check out the video first for some live action! Instagram Reel @MathMyMoney
Here’s my thought process:
1) 100k, worth $100k. That was easy!
2) Your dream job, priceless *aww*. Hopefully it pays well enough to also fulfill your financial/life dreams. If you dream of being a trillionaire then that would win. According to the Census Bureau, the median household income is ~$70k.
3) Your dream car, only limited by your dreams. A DeLorean time machine would be infinitely valuable as it allows you to transcend space and time! According to Architectural Digest (why they care is beyond me) the most expensive car sold for ~$143M. Depending on where you look, the average new car costs ~50-70k.
4) A house mortgage free, assuming we could pick, go for the most expensive. Like Buckingham Palace at ~$3B. According to Federal Reserve Economic Data, the median home price is ~$425k.
5) Retired at 40, hard to say. Hopefully you've got a hefty nest egg to last you but that’s not the reality for most. According to the Federal Reserve, the median household net worth at age 40 is ~100k.
6) 800 credit score, meh. A high credit score means you can get approved for more loans and possibly at lower rates, but it’s not really worth all that much in and of itself. According to Experian, over 20% of people have a credit score over 800.
7) Free tacos, lettuce all agree we already know this wins. If we can create and destroy matter we’ve reached god mode. Somewhat realistically though Taco Bell is worth like $3B and Del Taco $600M (coming from less than ideal sources haha), BUT those two alone beat Buckingham Palace. IF it’s a more limited “all you can eat” free taco situation it’s way less cool. According to the USDA, the median household spends ~$6k a year on food and that’s with ~2.5 people so call it $2.5k per person. If you chose the taco life (I didn’t choose the taco life, the taco life chose me) at age 2 and lived to be 82, assuming a 3% taco inflation rate, that’s ~$803k worth of tacos over your lifetime if all you ate was tacos.
8) No student loans, depends. Highest I’ve seen online is $1M. If it means wiping out all ~$1.8T student loans then we may have a winner, but it’s not all for you. Depending on where you look, the median debt for a new undergrad is ~$25-40k.
What would you pick?
