I have asked this question to countless people (mostly in hair salons) as an alternative to small talk, and it always yields interesting results.
Rules:
- You get the money right now, right where you are. If it’s 10pm and you’re in the middle of nowhere, your money will still go poof at 11pm.
- As a result of the above, tell us what time it is and roughly where you are (big city, desert, small town, …)
- You must spend the money. You cannot give it to someone to hold on to it for you for a while.
- Normal world rules apply, e.g. you cannot buy a $250k car at a dealership in 1h in cash, and you cannot buy a house in 1h either.
- Remember that getting from where you are to the place you need to go takes time. Factor that in!
Edit: I’m glad you guys had fun with this one. Feel free to post similar hypothetical questions. I kinda like these.
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It’s 5 am on a Sunday, in the country side, by the ocean, and hundreds of km away from any big city. The best I could do would be to walk to the local real estate guy, who I know a little, go ham on his door to wake him up, and offer him all the money for a later deal. I guess that for 300k he would accept to immediately sign an agreement to proceed, next week, on a deal for one of the properties he has listed, using part of that money.