You have $200k to spend on maximising future earnings, how to spend it?

Question

Imagine you get a $200k windfall but you are only allowed to spend it on things that will help maximise your future earnings, how would you spend it?Rules: you can't buy assets/investments, the goal is to understand how HN folks would invest in themselves (via courses, training, experience, tools or whatever) that will allow them to be able to earn/generate the highest possible income in their future

kstenerud · Accepted Answer

But the way to maximize your future earnings IS to learn how to invest properly. Your own two hands are only going to generate so much.So you'd be best off finding a mentor and then using the 200k as your "learning" money.

andsoitis · Answer

Pay off your highest interest rate debts first.
Next, I would:
- buy / do things that improve your sleep
- physical therapy (to learn proper way to carry your body)
- gym membership
- hire someone to declutter your home
- go on a non-extravagant trip to a destination that is wildly different than what you're used to
- buy an instrument and take music lessons

dazc · Answer

With that kind of money I reckon you would be better off just hiring someone to either share the workload or bring in a skill set that you don't have yourself.You can spend relatively small amounts of money that will improve your own productivity but your future earnings are very much limited by your own abilities.

ksherlock · Answer

It's not what you know it's who you know. Upgrade your wardrobe. Learn to schmooze. Join a golf club, a yacht club, an underground sex club, or a country club. Get a sinecure job as an executive vice president. Profit.

Doctor-R · Answer

Go to the Stanford Business School. Learn to schmooze. Stanford has a golf course, with classes for students. Date and marry one of the students. Make lots of contacts. Hang out at the various startup groups and the D-school. Attend the biannual Y-Combinator Demo Days (Sept 6 and 7, 2023). Hang out with the VC's that circle the Bus school. Visit the Computer History Museum for inspiration.

syndicatedjelly · Answer

Hire someone to help market side projects

joshxyz · Answer

1. healthy food and exercise equipment, might as well build a cheap home gym.
2. learn sales. get into a saas sales role.
3. build income stream number 2 while employed.
4. once earnjng 2.5x of my salary on my side hustle, quit the job and double down on my biz.
5. i dont know yet, i havent planned that far yet.