Get my 5-day email funnel that generated $400,000 from a single launch

Want an email sales funnel that's already proven to work? Get the entire word-for-word email funnel that generated $400,000 from a single launch and apply it to your own business.

Yes! Send me the funnel now
Start Here: “The Ultimate Guide to Making Money”

I’m paying your rent or mortgage for a month

1,449 Comments- Get free updates of new posts here

23 0

Every so often, I run a fun contest to share part of living a Rich Life.

In the past, I’ve given away things like $1,001 cash (Indians always add an extra $1) and 2 round trip tickets anywhere in the USA.

Recently, one of my co-workers sent me this recent study showing that over 75% of Americans are living paycheck-to-paycheck — meaning nearly 1 in 3 people would be completely broke if they lost their jobs tomorrow.

What would happen to you? Some of you have already automated your savings and investments.

Whether you have or not, for most of us, our rent or mortgage is our biggest monthly expense. It’s the first thing we think about paying every month. But what if we could pay it off and have money left over to spend on the things we love? What if, even after paying off our fixed costs, we could feel in control of our money?

This month, I want to give one of you a taste of that financial security.

I’m going to pay someone’s next rent or mortgage payment up to $2,001. Totally free. No strings attached.

What will you do with all the money that you save? Will you let it be a one-time windfall? Or will you set up systems to automatically handle savings, investments, and spending going forward?

Enter now: http://www.iwillteachyoutoberich.com/rich-life/

By the way, if you join the contest and refer the grand prize winner, I’ll give you $2,001, too, to say thanks for helping me spread the word.

This ends ends September 2nd and it only takes 5 seconds to join.

That link again: http://www.iwillteachyoutoberich.com/rich-life/

23 0

Related Articles

Untitled design (6)

How to pay off student loans without thinking about it

Student loans are a big kick in the face that the real world has arrived. The average graduate has $28,...

Read More
stretching

The 4 keys to finding ambition

We’re told we should just be happy with what we have… but there’s a difference between being happy ...

Read More

1449 Comments

23 0
 

Leave a Reply

1449 Comments on "I’m paying your rent or mortgage for a month"

Notify of
avatar

Sort by:   newest | oldest
Jessica
Jessica
2 years 11 months ago

My husband and I are moving to Oregon this year (not for work, just because we want to!). He’s leaving first, in a week, to start a new job. I’m leaving 6 weeks later, and working on getting a new job. But that does mean we’ll be paying 2 rents for the first time since we were dating.

Marisa
Marisa
2 years 11 months ago

I’d use it on plane tickets to visit a friend who is moving to Austria. Auf wiedersehen, New York!

Kristen
Kristen
2 years 11 months ago

My boyfriend and I would add it to our savings for a down payment on a house that we want to buy within the next year.

Steve
Steve
2 years 11 months ago

I would put it all in savings.

Farrah
Farrah
2 years 11 months ago

We’d take the 10-year anniversary weekend getaway we never got to do.

paula s
paula s
2 years 11 months ago

I would do some much needed home repairs

Sean
Sean
2 years 11 months ago

Will save it by putting it in an index fund

Sanjeev
Sanjeev
2 years 11 months ago

Invest the windfall into my long term savings Vangaurd fund (with emerging markets down – but expected grow back in the long term, this could be a good time to invest).

Jason
Jason
2 years 11 months ago

I’d use the money to help pay off my truck a couple of months sooner. If I had this I’d have my truck paid for by the end of the year!! Just in time for the new baby to arrive.

Ivy Perez
Ivy Perez
2 years 11 months ago

If I win, then I can finally be more aggressive with Ramit’s six week program. I can add some money into the online bank accounts, and finish paying off my credit cards (now that I lowered the APR.) I swear that book is gold, but it’s taking me more than six weeks to finish! Being a grown up isn’t easy, but good advice helps!

Jessica
Jessica
2 years 11 months ago

I’d use it on rent.

Linda
Linda
2 years 11 months ago

I would put the money I saved toward the mortgage.

Sara
Sara
2 years 11 months ago

I’d use it to pay down our highest interest rate credit card – it would be the gift that keeps on giving (paying off a 28% interest rate is no joke!)

Angela
Angela
2 years 11 months ago

I would use the extra cash to help pay for grad school

Dillon
2 years 11 months ago
I am younger and live at home. Being a young entrepreneur does have its benefits, such as zero rent or a mortgage. If I were to win this contest I would ask you to trade me as the winner and send the money to my father to help him and my step mom pay their rent. He is a correctional officer, which does not make a lot for what they have to do and my step mom found out a couple of months ago she would be losing her job after being their her whole career. I believe they really… Read more »
CB
CB
2 years 11 months ago

You are wonderful! You have a big heart, and sounds like you have a good mind for business; especially for the win/win situation! Good luck to you and thank you for the inspiration!

Natalia Coffaro
Natalia Coffaro
2 years 11 months ago

Dillon, I will like you to win this contest. If I win it I will give it to you. You restore my faith in humanity. Thanks

Maggie Smith
Maggie Smith
2 years 11 months ago

I will most definitely use the money to pay down some debit. We not only live paycheck to paycheck but we are in financial ruin.

jeff bannan
jeff bannan
2 years 11 months ago

i’d tithe 10 % and split the rest between;
dinner w/ my wife (about 5%), 45% to a small bit of credit card debt that is almost paid off and 40% invested in lending club notes.

RT
RT
2 years 11 months ago

I’d pay down the credit card debt!

Rebecca
Rebecca
2 years 11 months ago
Ramit, I am terrible with money. I usually do the wrong thing when I get a windfall. Last year, my husband and I emptied out our retirement monies to fund a business that didn’t take off quite the way we’d hoped. But, I recently committed to paying off our high-interest credit card, and to start saving. So, I’d put one-third of the money toward my card, and another third into an emergency fund, and the last third toward my business so I can make more money. I believe it is possible to learn from mistakes, and to do better in… Read more »
Michael
Michael
2 years 11 months ago

Maybe you can fine tune your business model with app sumo’s “how to make your first dollar”? Less expensive than Ramit’s products and you get coached by Noah Kagan without paying extra.

David Hermon
David Hermon
2 years 11 months ago

I would use a portion of the money to pay back a relative that loaned me some money recently and put the rest toward a Discover card bill.

Hilaire
Hilaire
2 years 11 months ago

I plan in investing this amount in two area:
1. Market my business online to increase visibility and footprint
2. Invest more in myself to be more equipped and adept to new ways to be profitable.

Michael
Michael
2 years 11 months ago

Windfall goes to pay off the student loan baby!

Anya Uche Felix
Anya Uche Felix
2 years 11 months ago

I will want to get some photographing equipments.

LD Singh
LD Singh
2 years 11 months ago

Hey Ramnit, I’d use the extra cash to fund some online income initiatives I’ve been looking to invest in. I want to diversify my income and make money through establishing authority websites on niche topics. A lot of these sites have already been set up by people and just need work in terms of SEO and content. I have skills in both. The extra money would go towards purchasing a site and beginning work on it to get it ranking and pulling in the funds through affiliate marketing.

Thanks!

CB
CB
2 years 11 months ago

You sound like someone I might like to do business with-
I am also interested in affiliate marketing; I have some leads and ideas you may be interested in. Please email me; we may turn out to be good connections for each other!
Cheers,
Wahe Guru,
CB

Kristen
Kristen
2 years 11 months ago

Half would go to student loans, half would go into savings. Which would help my emergency fund be finished!

Donniee
Donniee
2 years 11 months ago

I’d have a better relationship with Sallie Mae!!!!

Jeff
Jeff
2 years 11 months ago

I’d use it to buy my next 667 lattes @ $3 each (kidding)

CB
CB
2 years 11 months ago

Jeff,
Sounds like you really like coffee!
I am getting wary of starbucks. Lately they have been trying to buy up all the franchises they sold, and now they are going to a rather silly policy of the baristas having to cover all their tattoos. Since easily 40% of the american adult population now has tattoos, this is rather dumb, and I am thinking about investing in local coffeehouse startups. What do you think? You might invest in starting your own co-op coffeehouse! Keep in touch!

Raheem
Raheem
2 years 11 months ago

I would add it towards my $5K emergency fund

beth
beth
2 years 11 months ago

i will let this be a down payment on my 3 country 21 day Asia journey!

Annie
Annie
2 years 11 months ago

Since I still live at home, this would be more for my parents than me – but that means money they can use to pay down credit card debt, take care of car issues, groceries – you know, the normal OTHER money concerns!

Helene Caura
Helene Caura
2 years 11 months ago

Since I don’t have a rent or mortgage to pay anymore (yes!) since this month, I’ll save half of it, buy a TV and sign up for this class I want to take on humorous writing. And also a bottle of good Champagne.

Sass
2 years 11 months ago

I would invest it towards getting coaching to make my business more profitable, more quickly.

Aryeh Kunstler
Aryeh Kunstler
2 years 11 months ago

If I with this contest, I’m going to take half of the amount I’d be saving ($1,000.50) and putting it in my rainy day fund. The other half, will go towards a little getaway for me and my wife as I’ve been working all day and almost all night and barely get to see her.

Parker Moffat
Parker Moffat
2 years 11 months ago

I would put that money in savings so I could help pay for my wife’s college education.

mike
mike
2 years 11 months ago

Hi Ramit. I’ll use most of the funds to pay down my wife’s student loans, since her rate is a bit higher than mine. I’d take $500 of it and put it into the bank account of my 18-month old son. He’s got a nice balance growing and the plan is to grow it exponentially. I will teach him to be rich!

Nicole
Nicole
2 years 11 months ago
As probably many of your other students and disciples will do, my plan is to put the money into my start-up venture. My goal is to transition out of the corporate world and into the land of hard work and prosperity doing something that I absolutely love, providing products that benefit and enrich lives. Through your teachings and those of my successful parents and grandparents, I have learned how to stretch a dollar and how to enjoy the fruits of my labor. It is only a matter of time until we launch and until we can pay this generous offer… Read more »
Hannah
Hannah
2 years 11 months ago

Save it! I graduated school 2 years ago and still haven’t saved for 3-6 months in case I lose my job.

Josie
Josie
2 years 11 months ago

Same here…I am throwing money to savings automatically now…it’s helping 😀
but yeah…2 years since graduation …time to have a complete emergency fund!– LET”S DO IT!!!

samantha scroxton
samantha scroxton
2 years 11 months ago

I’d pay back everyone who has lent me money to move for my new job!

Sharizan
2 years 11 months ago

I’ll use the extra money to pay my girlfriend’s rent (she’s living paycheck-to-paycheck dangerously) and give most of it to my mum for groceries. Saving the rest for when I’ll be needing it.

A.J.
A.J.
2 years 11 months ago

I’d use it for my start-up company! I threw myself into this without realizing the different costs that would come up. Still, very excited to get started!

Sarah
Sarah
2 years 11 months ago

Based on your advice, I am paying down my credit card debt and starting an emergency savings fund enough for 3 months of living expenses. I’d take the rent money saved and put it 50% towards my credit card debt and 50% towards my emergency savings!

Africa Archield
2 years 11 months ago

I want to invest in myself and my company by investing in one or more business courses (mindset & strategies) that sparked my interest.

Emily
Emily
2 years 11 months ago

Two tickets to visit family around the country over the holidays!

Rebekah Shalom Alcantar
Rebekah Shalom Alcantar
2 years 11 months ago
This past week a friend of mine (who has her house and car’s paid off (she and her husband work 9-5 jobs and NOT are independently wealthy) was sharing with me their strategies for getting out of debt and paying off their home and vehicles. She said years ago they attended a wealth seminar and learned to create different bank accounts for “funds” such as a savings investment account for “education” and ” Home” and “Health” and ” Universal Gift Charity Fund” and she setup her bank accounts so when she and her husband received their paychecks the money was… Read more »
Michele Gazzolo
2 years 11 months ago

I would use half to build a website for my design and copy-writing services,
and half to make a proper video of my daughter for the Voice.

Michele Gazzolo

Macy K
Macy K
2 years 11 months ago

I’d use the money that I save to refill my emergency savings fund. I got a letter from the IRS this month that my taxes from 2010 were wrong. After looking into it, it was a typo from my accountant that now cost me $1200. Not easy to budget for things like that.

Kathryn
2 years 11 months ago

Hello Ramit,

I would either invest into my business or use it to move to where I really want to be living!

Thank you so much!
Have a beautiful day!

Oren
Oren
2 years 11 months ago

I would invest the money into advertising for my new business, so that I can make more money!!!

Erasmo Martinez
Erasmo Martinez
2 years 11 months ago

I will use the money to pay for the Make $1000/ month I program I signed up for . I will use the rest to pay for a new suit for job interviews and some additional materials on how to land a great paying job.

noga
noga
2 years 11 months ago

I will get all the babysitting I need for my (seven) kids in order to smoothly launch the business I’ve been working on in the last few months!:)

Anitra
Anitra
2 years 11 months ago

I’ll treat the money like income. I’d put a percentage towards tithing, a percentage towards savings (i.e. travel, future house downpayment, wedding), and a percentage towards my Roth IRA. That would probably leave me a nice chunk of change which will then go towards savings again, a credit card bill, and furniture. Yes, I said furniture. I’m moving into my first apartment and need to buy every piece of furniture for every room.

Mike
Mike
2 years 11 months ago

Put it straight into savings.

Reilly Beard
Reilly Beard
2 years 11 months ago

I would use the extra money to put in an investment account to help increase our savings

erin
erin
2 years 11 months ago

easy — student loan — worth every penny but when I look forward to drinking a very expensive bottle of scotch AFTER I remove that debit from my life.

Lindsey
Lindsey
2 years 11 months ago

I will put that money to good use by investing it to eventually buy a home.

Sue
Sue
2 years 11 months ago

I will use the extra money to pay off some existing bills.

Carol
Carol
2 years 11 months ago

I would put some into an emergency fund – prob about 50% and the rest I would look to start investing.

Alex Moga
2 years 11 months ago

I’m working on a screenplay and am traveling to interview people for research.
While I’ll be taking on some work to keep money coming in I will be dedicating my time and energy largely to write this work (biopic of Prabhupada).
It’s a risk I’m totally confident in taking but I’m counting on cash flow not being high during this incubation/writing time.
Ramith you cray and I love your humor. Keep doing it big and confident and hope we can meet one day.

Emma
Emma
2 years 11 months ago

Pay part of next month’s health insurance bill…. and buy your book.

Anna Pollock
Anna Pollock
2 years 11 months ago

Ramit, you should pay my rent because thanks to following your advice, it’s now really cheap! I am just in the process of moving so that I can save money for what I really want to spend it on. In the move, I’m getting more space, better location, and friends close by, all for about $500 less per month. Now if you pay my rent, I’m going to use your gift to help myself remember that I have the power to move beyond living pay check to paycheck.

James
James
2 years 11 months ago

I would use the extra money to buy furniture for my new apartment and college textbooks

TJ Gaylord
2 years 11 months ago

I would use the cash saved to invest into my membership site that hasn’t been built yet. It is an education site that I am very passionate about. #letsdoit

I’m ready if you are!!!

Peter Metzger
2 years 11 months ago

I’m starting a new (dream) job on Sept. 9, so the extra cash would help bridge the short pay gap and everything else would go into our short-term savings buffer. I’d like to build that up to the point that we can pay all our bills from it and then let paychecks refill it each month (rather than waiting on a check to come through to pay bills)

Robert
Robert
2 years 11 months ago

I’m looking to buy a vacation home/rental property in the Rockies so I would use this extra money as part of my down payment.

Hrefna
Hrefna
2 years 11 months ago

I would save it until “Earn your first 1k on the side” re-opens and spend it on the course! I really wanted to join last time but didn’t have enough savings.

Alder
Alder
2 years 11 months ago

I will invest the money in several memberships in pro groups around the country to take my earn 1k project to the national level.

Corey Donohue
Corey Donohue
2 years 11 months ago

The least sexy thing to do with extra money…pay off my credit card debt. It’s not glamorous or anything but it’s necessary.

Ian Pickering
2 years 11 months ago

I would put the money towards the medical bills we have accrued this year that have derailed our budget.

Tea Gongadze
Tea Gongadze
2 years 11 months ago

I would use part of it to pay off my student loan and with another part I would want to get in Ramith’s dream job course.

Melanie O.
Melanie O.
2 years 11 months ago

I would apply it as an additional payment towards my husband’s student loan.

G V
G V
2 years 11 months ago

I’d put most of the money toward retirement, and maybe kick a little bit toward our basement remodel project.

Rosanna Thomson
Rosanna Thomson
2 years 11 months ago

I’d put it towards getting a professional design done for the website for a new business idea I’m working on with two friends. I’d buy some clothes for my first baby, who’ll arrive in February. And I’d spend the rest on flights to take my husband to Paris – he’s never been!

Chris
Chris
2 years 11 months ago

I would pay off some debts and use the rest for my wife’s 40th birthday.

Jordan S
Jordan S
2 years 11 months ago

Half for my loan debt, the other half in my porfolio.

Tamara
Tamara
2 years 11 months ago

It will speed the process of me being able to take a course I am saving up for. Rent in New York is a good portion of my income . . . until I work my way to rich.

Hilary
Hilary
2 years 11 months ago
I’d use it to move myself even closer to clearing out all of my credit card debt. I would be able to put a huge dent in the card with the highest interest rate – moving me at least 3 months ahead of my goal to be completely credit card debt free! I already paid off one card in record time using your principals a year ago and I’m on track to be fully cc debt free within the next 2 years. I was just laid off a few months ago, and because of your tactics, I’ve been able to… Read more »
David
David
2 years 11 months ago

I would enroll with my wife in workshops and support groups for couples dealing with infertility and thereby work on increasing our coping skills and happiness.

Lisa
Lisa
2 years 11 months ago

I’m going back to school to get a degree in Health Information Management. I was denied financial aid so I have to pay all expenses out of pocket. It would be nice to be able to apply my house payment to pay for school and books.

J
J
2 years 11 months ago
I was put on bedrest 4 months before my due date, so had to stop working and my company is small, so they do not have to compensate for disability and NY disability is a joke compared to the salary I am no longer getting. Due to your “I Will Teach You to be Rich” tactics, my husband and I have saved a good portion of our money ahead of time, but it still sucks to lose out on 4 months (7 months if you count maternity leave after birth) worth of our 2nd income, especially since we are also… Read more »
Erin
Erin
2 years 11 months ago

I am graduating with my PhD in a year and will likely have a bit of a gap between finishing and a job. I will stash it away for the case of needing money during that gap.

Manuel
Manuel
2 years 11 months ago

Put it in savings.

John
John
2 years 11 months ago

That would go towards helping the family. Without the family, I wouldn’t be alive today. I would like to return to school for another major which would lead to a better career. I got some debts to pay off which would really ease my mind. Help my sister too and a good friend as well.

Alex Clifford
2 years 11 months ago

I’d spend the money on going on the Uncollege gap year to meet the likes of Peter Thiel and other top business people – uncollege.org/gapyear

Linda
Linda
2 years 11 months ago

I was thinking about using it to pay down some credit card debt, but to be honest one month’s rent isn’t going to really make a dent. Instead I think it would be helpful to pay towards a GRE prep class.

E T
E T
2 years 11 months ago

I will use the money saved to book my tickets to Tibet and Shirakawa-go in Japan.
I’m 21 but already burned out from the hustle and bustle of New York. I need to go hide in the mountains for a month or so.

domenica
domenica
2 years 11 months ago

I would use the money I save to pay off my auto insurance for the year, allowing me to save over $100 a month on that expense.

Marisa
Marisa
2 years 11 months ago

I’d treat it like income: a fixed percentage goes towards emergency fund, another fixed percentage goes to donations, and in this case, the rest would go to the big purchase fund. Next big purchase: a couch! (I just moved from a shared-with-roommates to a by-myself situation, and now I need a couch.)

David
David
2 years 11 months ago

It’s not glamorous but I’d use the extra $ to pay down a credit card balance

JJ
JJ
2 years 11 months ago

I’m currently a Dream Job student.. gonna use it to buy a 1 year LinkedIn Executive subscription to accelerate my networking efforts.

Carl Schanz
2 years 11 months ago

My rent is $554 a month. I would use it to learn web design on Lynda.com. Then i would have promo materials printed off so I can start my own web design firm and leave my current job.

Vicki
2 years 11 months ago

You rock with your generosity! I would use some of the money to grow my business because ultimately I want that to pay for A LOT of mortgage payments. And pretty sure I would use the rest for my daughter’s wedding later in September. She’s our older daughter and first to get married so quite an overwhelming experience helping to plan AND pay for it.

Take care and keep doing good 🙂

Gabby
2 years 11 months ago
I want to invest the money into my photography business. I started out photographing every thing that paid– weddings, products, bridals, engagements, models, children, pets, babies, families, seniors. I then narrowed down my services on my website to just babies and families. Now I’d really like to focus on just newborns. It is the work that inspires me and keeps me going. It is also where I give my best and do my best work. I think that my work has a lot of potential, but I know there is a lot more I need to learn when it comes… Read more »
chris
chris
2 years 11 months ago

I’d use it to support my family of six.

Ajin
Ajin
2 years 11 months ago

1) Extra 2 payments on my car
2) Invest at most $100 on stock (binary options and penny stock) , which I have been researching for months
3) Put the rest into my fund which I plan to invest in a start up later

rebecca
rebecca
2 years 11 months ago
I would use the money to make a double payment and get it paid off a little quicker i am down to 12 months of payments left. i try to pay an extra payment on all of my expenses or debts as often as is possible. when one is paid off i use the money i save to pay on another, using the snowball method to pay them alI off.I bought my house from a relative for the back taxes that were owed of 5,000. It is valued at 25,000. so its a great opportunity for my family to stop… Read more »
Quynh
Quynh
2 years 11 months ago

I’d make an extra principal payment on my mortgage!

Amy O'Rourke
Amy O'Rourke
2 years 11 months ago

I would use the money to

1. Pay off my credit card
2. As savings towards my own car (currently leasing with my sister)

marissa
marissa
2 years 11 months ago

I would use it to pay down my credit card!

Emmanuel
Emmanuel
2 years 11 months ago

I will start my cattle business, as $2,000 is the exact amount I need to start.
I will use the remaining $1 to buy me a cheap win for celebration, because I 101% sure the business will succeed.
Thanking for giving me my seed fund.

sunyata
sunyata
2 years 11 months ago

I will use it for my annual trip to India for which I have been saving and to pay a designer to make me a nice logo for the new service that I came up with in the Earn 1k course! 🙂

Erin
Erin
2 years 11 months ago

I would invest it in my micro business!!!

Jackie
Jackie
2 years 11 months ago

I would us it to buy an electronic cutter that I need to start my heat press business. I’m really close to starting it up and just need that final investment.

Tana (like Montana)
Tana (like Montana)
2 years 11 months ago

I am turning 40 in November, so I would take a portion of the money to take a mini-cruise somewhere for the weekend without my 2 sons. Then, I would take a portion to fix the 2 giant holes on the staircase in my new house that my now EX-idiot roommate caused by having a fat drunk idiot try to get a box spring up the steps, getting it stuck and then thinking shoving it really hard into the walls would help to dislodge it! Then I would save the rest.

Victor Cruz
Victor Cruz
2 years 11 months ago

I will use it as a savings starter.

Rachel Shirey
Rachel Shirey
2 years 11 months ago

I would use the money saved from my mortgage payment to hire a contractor to construct an extra bedroom in my townhouse basement. This would allow me to rent out that space to a tenant and thus offset my ongoing monthly mortgage payments for years to come 🙂

Marcel
Marcel
2 years 11 months ago

I’ll put the extra money in my new business, which I started two month ago. With all the savings, I don’t need to have a second job until everything is set up.

Kristi Helvig
2 years 11 months ago

I would put the $ into marketing and PR for my business. Thanks for the opportunity! 🙂

Jeff Gibbard
2 years 11 months ago

I would hire someone to build out 2-3 of my side projects that are intended to bring in passive income.

Frank Lin
Frank Lin
2 years 11 months ago
If I won the money, I would invest it into what I love. I would be putting the money into my small business to give it the extra out of pocket boost for my continued efforts on rebranding and expanding. I have partnership in a sign shop that I have been taking part in putting back on track, which I have been loving so far. Not only is it a small privately run business, we also host programs for underpriviledged youth in the area to learn different job skills and teach them elements involved with a small business and the… Read more »
Eoin L
Eoin L
2 years 11 months ago

It would pay for a holiday cycling around New Zealand.

Christina
Christina
2 years 11 months ago

part towards growing my business and part towards my kids’ birthday parties this fall. the rest would be saved for future business expenses

Aaron
Aaron
2 years 11 months ago

With the money saved, my wife and I will pay off a credit card. We recently purchased our condo and made upgrades to boost the value and make it our own. We used some credit cards to get some points we later plan to use for travel. We have developed a plan to eliminate all of our credit card debt in a year and the money that we could save from you paying our mortgage will allow us to pay off one of those credit cards, which in turn shortens our timeline to being debt free.

Kirsi
Kirsi
2 years 11 months ago

Snowballing – first I’ll pay the rest of my credit card debt, then I can put in extra payments on my student loan. Soon I will have enough tucked away for the “emergency savings”- and with that comes a huge sense of relief. I am soooo on my way to solid finances. Thanks Ramit, automation is AWESOME!

Faith
Faith
2 years 11 months ago

I would use this to jump start my emergency savings fund.

Amber Baldwin
2 years 11 months ago

When I win I’m going to use it towards a vacation in Hawaii. I’ve been planning a trip to go once I meet my weight loss goal of losing 120 lbs. I only have 31 more lbs to go before I’m at my goal weight. Very exciting!

Ines
Ines
2 years 11 months ago

I would set up a savings account for my baby niece so she can grow correcting all the mistakes I made had I read “IWTYTBR” earlier.

Caitlin
Caitlin
2 years 11 months ago

I’d use the money I save to help pay off a course I’m taking to get a better job and increase my income potential! I could also put some towards fleshing out a side project designed to bring in passive income. 🙂

Annette
Annette
2 years 11 months ago

My husband and I are already saving up for a downpayment on a new house — this would be a great addition!

Carol
2 years 11 months ago

Mount more consciousness-expanding workshops like the Gateway Voyage that I am offering in Chicago at the end of October using Hemi-Sync, featuring a method of discovery where you can explore different states of consciousness through direct experience.

Mary Ann
Mary Ann
2 years 11 months ago

Save the money 🙂

Sheryl Schelin
Sheryl Schelin
2 years 11 months ago

I’d use it to pay back friends who’ve helped my daughter and me out in the past.

Kendra
Kendra
2 years 11 months ago

Student loans! The money would knock down my student loans a little bit more and help me get down to paying more principal and paying off the student loans sooner!

Franky De Jesus
Franky De Jesus
2 years 11 months ago

I’ll use the money all of it to fund my onkine business. I already have a plan in plafe and all i need is the fund to put that plan into action and that money will be a great start for mw and maybe i’ll be successful with that money.

Tiffany T
2 years 11 months ago

Top out my HSA. Instant tax benefits. Cushion for medical expenses. Boom.

Shannon
Shannon
2 years 11 months ago

make an extra mortgage payment

shawn
shawn
2 years 11 months ago

i’ll use it as tuition for Ramit’s program and the rest into my investment account!

Sarah Morton
Sarah Morton
2 years 11 months ago

I’d use the money to buy plane tickets to my brother’s wedding in Thailand.

Nanda
Nanda
2 years 11 months ago

I would use it in additional to some of our savings to make our first floor livable before our baby arrives.

Derek Pahl
Derek Pahl
2 years 11 months ago

Would use it to pay down student loans as that’s the last part left to get out of debt!

Kelly
Kelly
2 years 11 months ago

I would either put my money in my savings or have my car fixed up so I wouldn’t have to use my student grant refund to do so!

Jonathan
Jonathan
2 years 11 months ago

I would put it towards my student loans to help pay them down.

Cat Pratt
Cat Pratt
2 years 11 months ago

I’d invest the money initially and then plan a trip to India.

Rich
2 years 11 months ago

I’m already a good little saver and overpaying my mortgage as much as possible whilst single, before kiddies come along and destroy my bank balance.
I have quite high standards for bringing new possessions into my flat, and to be honest, am not lacking anything right now.
One of my best mates is unemployed at the moment and running low on funds, so I’d treat him to a little trip away; that way he could relax and enjoy himself properly for one weekend (and fully focus on being a good wingman!).

Mike Wroblewski
Mike Wroblewski
2 years 11 months ago

I’d use half to pay off my only remaining credit card and the other half to pay for the I will teach you to be rich class to help kick off a new side income business. I just shut down a couple very low profit businesses where I had trouble with my drop shipper.

Adrienne Diekmann
2 years 11 months ago

I will add my rent money into my fund that will finance me after I quit my current job to pursue my career as a singer/actress!

Diamond Wells
Diamond Wells
2 years 11 months ago

I would put it into my God child’s college fund. I want her to somewhat smooth sail through her college years much easier than I did.

Thang
2 years 11 months ago

As an Asian, I’ve always wanted that experience of a life time: TO MOVE OUT. Seriously. I’d use this money to move out of my mum’s place and really put myself out there to learn exactly what I need to know to make it in life as I do the things I love for a living. Give me a chance to learn and expose myself to the world.

Shane
Shane
2 years 11 months ago

This would be great. I’d use the extra windfall to finish paying off my credit card debt and get my finances back on track and automated a couple months earlier!

Sushi
Sushi
2 years 11 months ago

I’m going to San Francisco in November, and besides going to the main event I’m out there for (a literary charity dinner), I’m also meeting and working with my boss and hope to meet with other folks in the technology/startup community. Some of this money would go to meeting them, buying them a drink, and generally picking their brains since I’m out there once a year at most. I’d also use it to stay there a little longer, pick more brains, and generally get more out of the experience.

Meg
Meg
2 years 11 months ago

I would use part for a nice dinner out and then the rest to paying down my credit card.

Lisa
2 years 11 months ago

I would use it to help me launch my new product on my website http://www.englishfluencynow.com so I can get it out to people in a good way.

W
W
2 years 11 months ago

I have been saving my money to buy real estate. Since the real estate market is slowly coming back, I would definitely invest my money into the real estate market.

Ealasaid Haas
2 years 11 months ago

I’ve already automated much of my financial life, so that’s not an issue. I do, however, have a cat with lymphoma and not enough in savings to pay for alllll his treatment — this would go a long way toward covering his treatments while I badger his insurance to process my claims.

Once I got the claims money back from VPI, I’d probably do with it what I do with other “windfall” / health insurance claim cash: most goes to paying off my debt, and the rest is split between my little-but-growing savings account and my slush fund.

Carrie
Carrie
2 years 11 months ago

Pay off debt!

Pete M.
Pete M.
2 years 11 months ago
Ramit, Thanks for the all the advice and information! I was reviewing your blueprints and just wanted to note that some of the information was out-of-date in the PDFs. See below for my notes. Rung 3: Open up a Roth IRA (see page 83) and contribute as much money as possible to it. (As long as your income is $101,000 or less, you’re allowed to contribute up to $5,000 in 2009.) Note: Current contribution limit for 2013 is $5,500 ($6,500 if you’re age 50 or older). Also, there really isn’t an income limitation any more. One can contribute to a… Read more »
Janne
Janne
2 years 11 months ago

Since I’m planning to pay my mortage in three months from now, I will save that money for “bad days to come”. I have always kept savings since you never know what’s going to happen next day. I’m an entrepeneur by the way…

Ayla
Ayla
2 years 11 months ago

I would put it into savings for a downpayment on a house.

David Longsmith
David Longsmith
2 years 11 months ago

Split between:

Savings
A nice family dinner out
Vinyl records

Rain
Rain
2 years 11 months ago

I would use it to put the money towards hiring an investment / financial expert whom can teach me how to start having money work for me instead of working for money.
Right now I am a teacher, and I love the act of helping people, but I don’t love constantly being in debt, so I would put the money towards hiring an expert in earning a higher income and who can teach me how to quit being a moron about making good money.

Allison Varner
Allison Varner
2 years 11 months ago

I’d put the money towards my future rescue Golden Retriever and the rescue that he/she will come from. They do so much for these dogs and only ask for a few donations for special needs Goldens.

David Kinskey
David Kinskey
2 years 11 months ago

Put it away to spend on next year’s honeymoon. 🙂

Patrick
Patrick
2 years 11 months ago

I’d use it to put towards plane tickets so my wife and I can join the rest of my family celebrate my dad’s 60th birthday in Ireland. We’ve been saving all of our extra $$ in order to have 20% down on our next home, and I refuse to touch our emergency savings.

Cameron
Cameron
2 years 11 months ago

I would use it to pay off my credit card debt, and then automate what I would save on their monthly payments toward a rolling fund that could finance enrollment in personal finance courses.

Chris Fallon
Chris Fallon
2 years 11 months ago

I’d sign up for the make $1k course with some of the money and take a trip to Costa Rica with the rest.

Brian
Brian
2 years 11 months ago

I would use it to rebuild our emergency savings after my recent job transition from software consulting to independent financial advising.

Marc-Olivier Schwartz
Marc-Olivier Schwartz
2 years 11 months ago

I am currently starting my business, so I will use half to pay my rent and I will invest the rest in my business to pay a developer for two months.

Sara
2 years 11 months ago

Pay off a credit card!!!

Stephanie
2 years 11 months ago

I’m currently living rent-free for the next month or so, so I’d put it toward my new apartment when I return to the states. What’s extra I’d split between savings and my business. Thanks!

beth
beth
2 years 11 months ago

I would purchase the inventory of tshirts for my new line.

Drexel
Drexel
2 years 11 months ago

I will use the money to pay my rent and food cost.

Tammy
Tammy
2 years 11 months ago

I would like to use it to set-up systems. I am living paycheck to paycheck – but recently paid off my credit card debt – this money would really help me towards a new system for moving forward.

Tulio
2 years 11 months ago

I would put $1000 to my sons 529K, invest $500 in marketing my side gig to increase my financial control, and use the other $500 to invest on personal development – Earn 1K.

Yossi Mandel
Yossi Mandel
2 years 11 months ago

It’ll pay for the earn1k course and school tuition.

Jay Trotsky
Jay Trotsky
2 years 11 months ago

I would use the money to pay down credit card debt.

Dayna
2 years 11 months ago

I would go shopping for myself! I know that sounds a little frivolous, but after 6 years of putting a child first, I am in dire need of new hot wardrobe to go with my new job & expanded freelance offerings!

Ryan Kulp
2 years 11 months ago

I’d hire a designer to piece together wireframes for my mobile app idea!

William
2 years 11 months ago

I would go to Disneyland in Paris and than travel around France for about two months.

I would also split the money into single dollar bills and wear it as a money suit. I have never seen anyone with a money suit.

Sivakumar
Sivakumar
2 years 11 months ago

Use it as a seed fund for starting the “online business” . Will be used to cover the initial operating costs – hosting charges and sales/marketing expenses. Before the funds dry down, will earn enough form the online venture to support and sustain myself. Eventually will be free from the day job.

Auni Moin
Auni Moin
2 years 11 months ago

I would join Ramit’s next course that would give me a better direction on which career best suits me, and also take a few courses I need to learn more about the digital ad sales industry, which I joined this year.

olivia rossetti
olivia rossetti
2 years 11 months ago

College funds!

Natalie
2 years 11 months ago

I would pay some more Ramit’s training, some gear for photography and part of it would add to my bank savings.

Jill B
2 years 11 months ago

Take half and add it to the money in a small 401(k) account from my last job—in both senses of the term..the job I just left to take my part-time company full-time to do the work that I was put on earth to do, and then open a Roth IRA. Then, divide the other half of the money by six and invest it in the Roth IRA over six months to establish the important habit of an entrepreneur investing for the future.

Wendy Kelly
2 years 11 months ago

I would set $45 aside in hopes that a spot opens up in the Brain Trust. I really can’t afford it this time (I know…priorities…but I am homeschooling my 4 boys and, really, there isn’t anything left over for investing right now.)
I would then get a haircut 🙂
Finally, I would pay off our credit card debt.
Thank you!

Maggie
Maggie
2 years 11 months ago

I would use all of the money to pay down credit card debt.

Norman Snead
Norman Snead
2 years 11 months ago
I lost my job in January 2012 and have been unemployed since. I am 58 years old and cannot get anyone to hire me. I am very qualified for many positions, am highly educated, energetic, management experience, etc. I just seems that people hiring cannot get past the age thing. We have been living off of my wife’s income ($26K/yr) during this time, and our retirement savings which are very close to being gone. It would seem that I have several things working against me. My wife makes too much for us to receive government assistance, the longer I am… Read more »
Dave
2 years 11 months ago

I’d use the money to invest in my business. Yes I could pay a bill or two or stash it in the bank, but by investing it in my biz it will allow me to create some efficiencies that will provide a better return in the long run.

sal
sal
2 years 11 months ago

I’d pay off my credit cards and put the rest into a high-interest savings account where I am building savings to start my own business.

Jessica
Jessica
2 years 11 months ago

Hi Ramit, what a cool contest! I’d use the money to pay down our ridiculous amount of student loans, so that we can fund a proper college fund for our 4-month old son in the hopes that he can graduate debt-free! Thanks!

Dmitry
Dmitry
2 years 11 months ago

We have our first baby on the way. and as we keep finding out, health insurance barely covers related costs. We would use this money towards care for our newborn

Jan
2 years 11 months ago

I would give 10% to my church or to someone in need. Then I would put the rest toward paying down principle on my mortgage.

Wendy
Wendy
2 years 11 months ago

I’d use the extra money to make a big payment on my student loans.

Paul
Paul
2 years 11 months ago

Investing in passive index fund for my kid college fund…he’s 3 1/2 but it would be a good start!

Tony Pennuto
2 years 11 months ago

Add it to my savings for my little brother to pay for college.

Gina
2 years 11 months ago

I will some back into my savings, and use the rest to boost my business – get some much-needed new promo materials, a new mat for my clients… etc.

Leslie Galloway
2 years 11 months ago

I’d use the extra cash to help pay for all of the back-to-school expenses, and the rest would go to pay off debt.

Susan Roth
Susan Roth
2 years 11 months ago

I am moving in September and I would use this money for my security deposit. This would put less strain on my finances and I would start a savings program.

Chris K.
Chris K.
2 years 11 months ago
I would use the money to start my side business that you’ve inspired! I want to start an aftermarket parts company for the new Tesla Model S electric cars. My rent is 800 and I would use the other 1,201 to finance my prototype and first 10 or so units. I would sell on the user online forums so marketing would be free. In fact, I’ve already TESTED on the forums with a pre-order and the demand is there. I estimate I could gross $20-30k in 3-6 months on just one part alone. No one else is doing what I… Read more »
Jennifer
Jennifer
2 years 11 months ago

I am expecting my first child on or around October 15th, 2013 so i would pay my rent so i can afford to be on maternity leave for 6 weeks to take care of my newborn son!

Matthew
Matthew
2 years 11 months ago

My wife and I would put it into a saving buffer to help cover expenses as my paychecks do not fall at regular intervals.

amber
amber
2 years 11 months ago

I’d use the extra cash to pay off a credit card that’s been hanging around a little too long at just above min. each month.

amy
amy
2 years 11 months ago

I would use this money to go visit my friend in Berlin! I’ve implemented most of your suggestions from IWTYTBR and am building my emergency savings and retirement. It’s really exciting to see the numbers growing! I’d like to have some more fun with my money and a trip to Europe would be perfect.

Neil
Neil
2 years 11 months ago

I will use the money to give the debt payoff ‘snowball’ an extra push down the hill.

Anne-Marie
Anne-Marie
2 years 11 months ago

I’d use it to pay down the mortgage–thanks, Ramit!

Amy
Amy
2 years 11 months ago

I would put it towards paying off some of my credit card!

Ben Louie
2 years 11 months ago

I’m going to use the money to buy a new laptop, invest some of it in my retirement fund, and use the rest of it to pay off my student loans.

Lu
Lu
2 years 11 months ago

i would use it to fund a trip to a place I haven’t yet been in the world. More likely a continent I haven’t been to yet. I would also invest in starting a blog.

Dan @ Casual Kitchen
2 years 11 months ago

Easy. I’d pick up $2k worth of a regional bank preferred stock. With the latest increase in interest rates a lot of these have sold off to the point that you can get reasonably secure yields as high as 7%, which is all I need to reach my financial goals. It’ll be an (automated) gift that keeps on giving.

Lindsay LaVine
Lindsay LaVine
2 years 11 months ago

I would use the money to help pay off my student loans.

Jen
Jen
2 years 11 months ago

I would like to use it to tackle a house project, buy a few stocks, get my husband’s car fixed and save the rest in our emergency fund.

Darrell Crimmins
Darrell Crimmins
2 years 11 months ago

I plan on using the money as part of a down payment for my first multi family building, with which I will use to fund my son’s college expenses.

Darrell

Justin
Justin
2 years 11 months ago

I’d retire my student loans that much faster.

Kristina M.
Kristina M.
2 years 11 months ago

I’d invest that money so that it can grow so I can work towards getting more financially independent. Thanks

Erik
Erik
2 years 11 months ago

I would add it to my emergency fund in case I lose my job or otherwise can’t work. Boring, I know.

John Morey
John Morey
2 years 11 months ago

I would use the extra money to help fund some plumbing repairs that I need to do in our two upstairs bathrooms! Thanks for the opportunity.

Erica
Erica
2 years 11 months ago
I would use it for our April wedding, which we are contributing $2,000 toward each month. I am embarrassed to admit that since it seems frivolous, but this has been a big learning experience and saving for a wedding has helped my fiancé and I start from a place of being extremely open about finances and aggressive about reaching common goals. Ramit, you are so right — like most people we are having a $30K affair, which we didn’t save for in advance and are paying for 100% on our own. I couldn’t stop laughing at your wedding post, as… Read more »
Ashley Readings
Ashley Readings
2 years 11 months ago

I would pay down debt. Plain and simple. I have been building my business, with a lot of your help (DUDE – MY PRICES HAVE DOUBLED!!!!!), and I’m excited to be able to make bigger investments in my business. But a bit of credit card debt (from when I was charging next to nothing!) is still weighing me down. It’s almost gone and the money from a mortgage free month would give me the wiggle room I need to tackle it before I head into slow season.

Shelby
Shelby
2 years 11 months ago
Ramit! Wow, thank you so much for this offer. If I could get my rent paid even once, I would seize that break and immediately put my next paycheck into a high-yield savings account. I read your book in 48hrs, loving every minute, but — even though you insist that “starting an account with $50” is enough — I’ve felt nervous to have even that much out of my main checking account, because it’s currently hooked up to all of my bills, in case a surprise charge comes and I need every last penny. It’s never happened as I would… Read more »
Wade
Wade
2 years 11 months ago

I will take that money and put it into savings, to make it work for me.

Sarah
2 years 11 months ago

Hi Ramit!
Thanks for hosting such a great competition. I would use the prize to help complete my transition from the world of employment to self-employment through consulting and freelance work. I move to Buenos Aires from London in October for 2 months so any additional cash would be a big help. Plus I will probably end up partially spending the money on IWTYTBR products so this could be a great way for you to win my business!
Thanks for your consideration and ever-helpful insight, keep it coming,
Sarah

Carolyn
Carolyn
2 years 11 months ago

Finish my second jewelry collection and get it out to my retail contacts!

Julian
Julian
2 years 11 months ago

I would use it to pay down debt my wife and I have accumulated on a credit card. This debt is one of the biggest hurdles before starting a family and $2,001 would be a huge chunk taken out of it.

Jason
Jason
2 years 11 months ago

I would use the extra cash to invest in myself through Ramit’s Earn1k course.

Kayla
Kayla
2 years 11 months ago

I would spend it on traveling its something I’m saving up for now but with a very tight budget it’s slow going haveing one of my biggest bills taken off would be nice.

Misty
Misty
2 years 11 months ago

I would use the money to buy home school curriculum for my kids!

Scott
Scott
2 years 11 months ago
We put all our spending on credit cards to get rewards and then pay it all the way down the next month, but it sometimes gets out of control because its so easy to spend. We want to start using cash, but we don’t have the monthly income to start using cash AND pay down last months spending. I’d use it to pay down my credit card and get out of the “Pay next month” cycle and start on a cash budget. I love the CC rewards, but I know I’ll save more by not spending as much by using… Read more »
Elise
Elise
2 years 11 months ago
After reading your book and following much of your advice, I’d open up some accounts that will put me in a smarter position since in about a week my paychecks will be half of what I have been making for our busy summer season and I’ll once again be battling with the threat of debt if anything emergency related comes up in the next 10 months. *both crossing my fingers AND looking for a new job* I’d be able to fix and sell my unreliable car and trade it in for something I wouldn’t have to dump extra cash into… Read more »
Eric Oleson
Eric Oleson
2 years 11 months ago

Over the last several years I’ve become energized by leadership assessment and coaching. Therefore, I would invest the money in myself by enrolling in executive coach training. This would enhance skills I already possess and also position me for further advancement.

Duane
2 years 11 months ago

I would deposit half the cash into a savings account and invest the other half in marketing for my art photography business.

Katherine
Katherine
2 years 11 months ago

I wil probably save the money. I just bought new furniture (being delivered this week) so I’m trying to save any extra money that I might have.

Jeremy
Jeremy
2 years 11 months ago

I would add it to my Dream Job Course Fund, which I am saving up for.

Julie
Julie
2 years 11 months ago

I would use the extra money to put towards debts– pay it off faster and spend less on interest! Saving $$ all around!!

Robert Richards
Robert Richards
2 years 11 months ago

Honestly, with a new baby I would probably put the extra month rent (we already negotiated a below market rent for our area) towards plane tickets to show off the new kid to both sets of parents who conveniently do NOT live close to one another. We may even pay for the plane ticket for our other child instead of sending him by bus.

Richard Stephan
Richard Stephan
2 years 11 months ago

I’d use it to open a Roth IRA with Charles Schwab.

Marquita Atchison
Marquita Atchison
2 years 11 months ago

With the extra cash I will pay my tithes and my electricity bill…

Shamia
2 years 11 months ago

Hi Ramit!

Great contest! I hope to hold a contest like this someday soon, by the grace of God!

I would tithe to my church, invest in a business coach to rock out my business, and save the rest for a rainy day for my husband and I. =]

Simon
Simon
2 years 11 months ago

I’ll be honest. I’m getting married next year and the money will go towards that…it’s an expensive business!

miriam
miriam
2 years 11 months ago

I would put the extra money towards my student loans! Since I just entered grad school and am planning on paying off my undergraduate loans still that would be amazing.

Anthony
2 years 11 months ago

With an extra $2,001 I would go visit my grandmother for her 90th birthday and take at least $1,000 to put into my Infinite Banking account.

Kathryn
2 years 11 months ago

I recently moved to a new city, (Dream Life plan underway!) and it pretty much wiped out my emergency savings. I’d use the money to replenish my rainy day fund.

Stella
Stella
2 years 11 months ago

I will add it to my savings for a summer course on a university in Paris that I want to attend. Finally decided to persue my dream career. I’m half way with my savings and this would bring me closer to having the full amount. Applications start in March.

Sally
Sally
2 years 11 months ago

I will use it to travel, partially for business, partially for fun!

Meg
Meg
2 years 11 months ago

I’m getting married next month, and legally jumping from zero mortgages to two. (Eeek!) The wedding itself is all budgeted but maybe we’d splurge on an extra hour of open bar, and put the rest in the honeymoon fund.

Brett
Brett
2 years 11 months ago

I would use the money to help automate my finances. The only road block I’ve had so far to setting up the system is having enough money at the end of the month to setup my atuo pay account with Paypal. Once that is funded everything else is ready to set and forget. Then I can finally have enough “breathing room” to make my web consulting business closer to a reality. Now it’s just a part-time “hobby”.

Ruth V
Ruth V
2 years 11 months ago

I would put it in my tax free savings account (Canada)

Lynne
Lynne
2 years 11 months ago

I’d put it towards my wedding next year – we’re having a very inexpensive event because I refuse to go into debt even a penny for it. Then, with the money I’m planning on saving over the next year, I’d put extra towards my student loans.

Jaime
Jaime
2 years 11 months ago
I am almost completely out of debt! YAY ME! I have worked $75,000 in debt down since 2009 to now just a little over $2,000 remaining! My paying it off strategy is totally working, and I am so proud of myself, but I have sacrificed being able to save very much in order to do it. What I really want to do now is beef up my savings and spend a little bit on developing some passive income streams. I am living quite frugally and $2001 would sure go a long way toward accomplishing both of those things. Thanks for… Read more »
Tracey Hoyle
Tracey Hoyle
2 years 11 months ago

I am currently unemployed. Last week I spent a good chunk of my savings on car repairs, so I would use the money I saved on rent to replenish my savings account.

Claudia
2 years 11 months ago

I’ll be using it to get caught up on my budget, what ever is left goes back into my business.
That’s a good place for it to be and g(r)o(w). 😉

Casey
Casey
2 years 11 months ago

I would use it to do some much needed car repairs and pay down on some debt…

Not really exciting, but def something that is needed! 🙂

Josh S.
Josh S.
2 years 11 months ago

My retirement savings, credit card payments, and some investments are currently automated, and I’m doing okay financially in a non-high-paying field.

With windfall money like this, I’d hope to give ~$100 to charity without feeling like I was being fiscally irresponsible. Since I’d won a contest on a personal finance blog, I think I’d try to invest an additional ~$200 or so in personal improvement: books or courses I might not have purchased otherwise. The remainder would be invested in low-cost index funds, which will eventually help lead to financial freedom!

Arao
Arao
2 years 11 months ago

With the $2000 saved, I would buy 1.5 oz gold bullion from apmex. Stocks are running at all time highs (due for a serious correction), CDs yeild a whopping 0.3% per year. When the stock market correction happens, all else goes down with it except precious metals which go in the reverse direction. So, its guaranteed to double in the next 2-3 years.

Ramsey
Ramsey
2 years 11 months ago

My mortgage is pretty inexpensive. I’d treat it like any extra income take half and put it into my Future Fund (savings for big discretionary items) and use the other half to increase my budget in a fun area, like vacation spending.

Antonio
Antonio
2 years 11 months ago

Pay down my MBA loans.

Alixandrea
Alixandrea
2 years 11 months ago

It would be £400, so not a huge sum, but certainly more than a drop in the ocean on my current wage! I think I would either:
Spend it on equipment for my band (in ear monitoring system)
Spend it on personal development (additional to the Earn 1k course I’m doing now)
Put it in savings ready for when I quit my job to start working full time on my own personal business (that I’m starting up thanks to Earn 1k).

Leonardo
Leonardo
2 years 11 months ago

I’m going to add this money to my “Australia” saving account for an year trip I’m planning!

Chris H.
Chris H.
2 years 11 months ago

world cup 2014. big trip. need funds.

Melanie
Melanie
2 years 11 months ago

I’d use it to pay on other bills! Thanks for the chance to win!

Sherrie Montgomery
Sherrie Montgomery
2 years 11 months ago

Save it for our children’s college or put it towards repairs in our house –

Dewey
Dewey
2 years 11 months ago

Putting the sum towards my student loans!

Tori
Tori
2 years 11 months ago
I’m a full-time graduate student in the alternaive health field, and am currently subsisting on a combination of student loans, tutoring and teaching. Aside from school, my biggest focus is trying to build a practice that I can expand once my degree is in-hand. Most of the work I do is internet-based, and last week my geriatric computer froze and unexpectedly shut down twice during a student–not great news, to say the least. With the money I’d save from next month’s rent, I’d be thrilled to purchase a new computer! At the very least, it would keep me connected with… Read more »
Chris B
Chris B
2 years 11 months ago

It would go into my currently very anemic emergency fund.

Kimberly McAfee
Kimberly McAfee
2 years 11 months ago
Ramit, I would do something terribly boring…first 10% to my savings, and the balance to my debt. Last month, I finally put the credit cards in a drawer and am living off what I make, putting 10% from every paycheque into savings (which will actually go toward my debt (~$5,000), but for the month I get to watch it grow and see what it will feel like to have “extra”). I am dying to start my own biz but feel trapped by debt and lack of savings. This would give me some much-needed breathing room, and a step in the… Read more »
Ben Brown
2 years 11 months ago

The amount we pay for mortgage would be perfect to kick start the promotion for my new book How To Play Guitar; The Ultimate Beginners Guide. I’ve got some good free content for lead collection, the book is live on Amazon (Kindle with videos and updates) and it will tie into my website. Got a tech person who’s working to put it all together for me but it would be faster if I could pay in advance and throw some google adsense toward it.

Sarah
Sarah
2 years 11 months ago

I’d use the money to pay off medical debt and $1000 towards an emergency fund.

Liz
Liz
2 years 11 months ago

That extra money would go towards student loan payments. I’m on an aggressive payment schedule to have those paid off in 3 years so I can start focusing on putting my money elsewhere, and that extra cash would go a long way towards moving that debt-free date up!

Mikhail
Mikhail
2 years 11 months ago

Recent grad here.

I would set aside half of the money to build my six month emergency savings account (don’t want to be on the wrong end of the statistic!), put a quarter of it towards a training session I’ve always wanted to take, and put the last 1/4 into my NY fund for a trip I’d like to take next month!

Joyce
Joyce
2 years 11 months ago

I would pay down a loan.

Nick
Nick
2 years 11 months ago

I’d buy some lunches for mentors, and invest in some strategic marketing courses to bring more value to small business clients (to help them grow their business faster and more strategically).

Tammye
2 years 11 months ago

I would purchase the flip page software for my eZine Your Wellness Guide.

Alicia Garcia
Alicia Garcia
2 years 11 months ago

The amount we pay for our mortgage would be a great help in updating our house. We are currently saving up money to put a deck on the back of our house, and a few other things to our front and backyard as well. We’re trying to make it nicer for the time we’re here and easier to sell when that time comes as well.

Laura Truitt
Laura Truitt
2 years 11 months ago

This amount would almost wipe out my student loan debt! Yay!

anne
anne
2 years 11 months ago

I would invest it in my freelance business and then a vacation to celebrate!

Marina G
Marina G
2 years 11 months ago

I would use it to pay off some of my student loans. It seems like only the interest is being paid off and with a huge payment I could make a dent in the principal.

Bo Link
2 years 11 months ago

I’ll use it to payoff more of my credit card debt. This way I’ll be ever so closer to actually being able to sign up for Earn1K.

Laura
Laura
2 years 11 months ago

My mortgage is $1901 per month. I’d pay off $1000 worth of credit card debt, then put the other $901 into my bill pay account, to cushion it for the months when my electric bill is higher than average!

Goomatie Deba
Goomatie Deba
2 years 11 months ago

I would pay towards a credit card as I’m aiming to be debt free accept within the next 2 years. For the pass 5 years I’ve been so close to being debt free but something unexpected always happen and I end up helping my kids and here I am back in debt again. My old card was totaled in June so now I have a high car payment to deal with.

S.H
S.H
2 years 11 months ago

I will use it to make an additional payment on mortgage principal.

Brad McCarty
2 years 11 months ago

The biggest obstacle to being financially stable is debt. My wife and I are paying ours off, slowly but surely. Instead of taking a few monthly payments toward removing one debt, what we pay in rent each month would enable us to pay off two debts entirely.

Kavitha
Kavitha
2 years 11 months ago

I would like to start a trust in my brother’s name who passed away at the age of 23. Its 10 years now..and I have been thinking of starting a trust since then…if I get this money, I would start a trust and lay a foundation for it.

Ryan P
Ryan P
2 years 11 months ago

Winning the prize would allow me to setup my own Roth account which I’ve always wanted to do. The company I am employed for matches dollar-for-dollar on 401ks, no limit (seriously) so I strive to put as much as I can in there which leaves me nothing left for a separate Roth account. Having both will help hedge my bets in the future so no matter what happens to taxes I can be covered!

Heather
Heather
2 years 11 months ago

This is how I would break it down:
30% and put it to my student loan debt
30% and use it for our wedding
30% and put it towards a house down payment
10% for a nice night out with my fiance.

Nick
Nick
2 years 11 months ago

I would use the extra money to re-enter a college degree program without having to use student loans.

Scott
Scott
2 years 11 months ago

I would split the prize into quarters:
– 25 percent towards my son’s 529 plan. He goes to college in two years.
– 25 percent to make a principal-only payment on primary residence
– 25 percent towards savings for a rental property purchase
– 25 percent to finance a long-weekend beach road trip with my family

Tammy
Tammy
2 years 11 months ago

We would save it for December. This money would give my husband and I the chance to fly home for Christmas.

Wayne
Wayne
2 years 11 months ago

We’re recently retired and considering a move to Costa Rica. It will go into savings and then be used for travel / moving costs.

Loralee
Loralee
2 years 11 months ago

I would take the money I would normally pay on rent and put it into my savings/emergency fund. I got into an accident last week, so my emergency fund was drained to fix my car.

Jean F
Jean F
2 years 11 months ago

My mortgage has been paid off for years and I have no debt, but my house could use some work. Part of the prize would go toward that and the rest to savings.

Vivek
Vivek
2 years 11 months ago

I would use the money to invest in retirement. I just recently finally was able to open a 403(b) account at my institution, and I’d like to be able to contribute more to it if possible. I’m not anywhere near what the employer matches because of my rent actually. It’d be wonderful to be able to invest more for my future. Thanks!

Melissa
2 years 11 months ago

I’d put it in my house-down-payment fund.

Priya Bradfield
Priya Bradfield
2 years 11 months ago

I would save it for the next mortgage payment – and sleep a little better each night.

Pascale Louis
Pascale Louis
2 years 11 months ago

I will pay down credit card debt

Crystal C
Crystal C
2 years 11 months ago

Awesome giveaway! If I won, I’d use the savings to make THREE extra payments on my student loan!

Angie
Angie
2 years 11 months ago

I’d buy a bed so I can quit sleeping on a mattress on the floor.

AD
AD
2 years 11 months ago

We’re in the middle of renovating our house, so it would definitely be spent at either Home Depot or Lowe’s!

Priti mehta
Priti mehta
2 years 11 months ago

I would fly out to San Fran and scope out the area. I am looking for my dream job and want to relocate, but before that I need to make sure I want to move to the area.
My brother may be moving out there as well, so I would meet up with him and talk to him and see if this is the best choice for us as a family.

ashok kumar
2 years 11 months ago

I would take 2 week break from work. And volunteer in a rural school in India

Ted
Ted
2 years 11 months ago

I’m actually unemployed, because I left my job in Boston to move to San Francisco. I’m learning computer programming so I can become a software developer. Thus, this money would purely be for covering my monthly expenses! Cheers.

Kris
Kris
2 years 11 months ago

My ex owes me money and property and I’ve sold most everything except the small harder things. I owe my lawyer more than my rent for letters that are ignored. My health isn’t the best and with no insurance I can’t afford the care or meds I need. I do want to start a savings plan…

Mathilde Sabourin
Mathilde Sabourin
2 years 11 months ago

I’ll be able to save up for my upcoming wedding!

David
David
2 years 11 months ago

Will use it to start and automate a college savings plan for my daughter.

Jenn Burwell
Jenn Burwell
2 years 11 months ago

Mortgage is $1355. Will use the “bonus” to finish the 2nd floor of our house. Completed it will give our home 2/3 again more space and increase the value of the house by 1/2 again as much. Increasing the value will allow us to say goodbye to PMI and hello to lower payments. But, we will pay same amount and voila, mortgage will be paid off sooner.

Dennis Demori
2 years 11 months ago

I’d use the cash to pad my emergency fund.

Dain Miller
2 years 11 months ago
Hey Ramit and Team, I am a 25 year old who just moved from Chicago to DC to work in the government. Going from an apartment with my girlfriend to a condo, as it was the only thing we could find. Our rent has gone from 860 to 2000 a month, and it has been very difficult on us, and we are definitely living paycheck to paycheck – so I understand where everyone else is coming from. I am the sole breadwinner in our little family. BUT the more important part is how I would ‘use’ the 2,000 USD savings.… Read more »
Kristin Friedersdorf
2 years 11 months ago

Hi Ramit, I would spend the saved money in a few different ways. First, I would like to start buying some essentials of a new professional wardrobe: such as all the classic, practical pieces of clothing that add to a polished and professional look! I would also like to invest some of the money in a cooking course– either a knife skills class or a pastry course. This is a goal I have had for awhile, but these courses can be quite expensive!

Emily H.
Emily H.
2 years 11 months ago

I’d put it toward all of the travel I’m having to do for grad school. It’s eating into my budget!!

Adrien
Adrien
2 years 11 months ago

This would be amazing to win. Even better if both of us in my household won! 🙂 If I were to win, I’d use the windfall to pay back a substantial debt I owe.

Lori
Lori
2 years 11 months ago
I’d use the money to fund the unexpected move I have to make in October, all because I unexpectedly met and fell in love with a man my landlords dislike. Rather than just let both of us live in the multi-bedroom apartment I’ve been renting from them alone for almost three years, they advised me to “find new quarters”. He’s a long-haired motorcycle guy, and they are a VERY conservative couple. He’s also got a prosthesis on his right leg (he lost part of it in a motorcycle accident in his youth). They actually mentioned that one of their concerns… Read more »
Barbara Ducharme
Barbara Ducharme
2 years 11 months ago

I would use the extra for planned home improvements,thank you!

Lee
Lee
2 years 11 months ago

My wife and I just bought our first home and I’d use the money to make an extra mortgage payment!

Scott Golden
Scott Golden
2 years 11 months ago

With a new baby on the way, I would use some to furnish their room and invest the remainder in a college fund for them. I know the sooner my Wife and I can start that saving, the more likely it will be that we will have enough to afford their college without leaving mountains of student loan debt.

Josh M
Josh M
2 years 11 months ago

Enroll in a professional development course (teacher).

Lars
Lars
2 years 11 months ago

I will save the extra money until I see how my 2013 taxes turn out now that I have a rental property. Then I will know if it’s worth it to pay down the rental mortgage principle so I can refinance.

Dan
Dan
2 years 11 months ago

I’d use it to publish the book I’m writing!

Agris Taurins
Agris Taurins
2 years 11 months ago

Honestly, I’d use the windfall to help pay down some CC debt. Maybe some day I can get rid of it and be allowed to take one of Ramit’s courses.

Hannah
2 years 11 months ago

I would love to fix our patio doors that has a shattered pane. It would be so nice not to have to tap into my emergency fund for the new doors. Crossing my fingers**

Sylvia
Sylvia
2 years 11 months ago

save 10% and pay back my sister for the computer she bought me last month, (because mine died and I needed one)

Taylor
2 years 11 months ago

Well, I just got engaged! But we have a ton of bills…mortgage…car loans..student loans..I don’t know what this “Extra” money you speak of is 😉 there wouldn’t be any!

Dennis
Dennis
2 years 11 months ago

I would use it to kickstart my savings!

Kathryn Atkins
2 years 11 months ago

My husband and I would add the money to our new car savings fund. Both of our current vehicles are paid off and we are hoping to upgrade my car (a 2-door) to something more family-friendly.

Pat
Pat
2 years 11 months ago

Ramit,
Winning this would be such a blessing! My 17 year old son has saved $1000 to get a car and I would put this toward our match for him so he can have something decent. It would rock his world and help me out sooo much with transportation! You are so awesome to do these contests and whoever wins will benefit, indeed.
Pat

Amber Hawley
2 years 11 months ago

Honestly I would leave half of it in checking to replenish the cushion we always kept there but has all since disappeared after having my son (the loss of income and no maternity leave b/c I own my own business) and the other half would go to pay off high interest debt, as we already have some investments and are throwing away money on cc interest.

Eileen
Eileen
2 years 11 months ago

I have recently caught up on all my bills. I am still playing with my budget but if I won this, I would definately add it to my savings.

Mark
Mark
2 years 11 months ago

Buy a different vehicle…much needed
!!!!

Daniel Jack
Daniel Jack
2 years 11 months ago
Dear Ramit, I want to take this time to let you know that God sent me to your website. One day recently, during a time of prayer and meditation, God said to me, “22,000,000. I didn’t know what it meant. So, after wondering about it in my mind for a bit, I “googled” it to check the web for possible news stories that spoke of this quantity.. Like a neon sign, the only thing that really stuck out on the page was “The $22 Million-Dollar Man – I Will Teach You To Be Rich” headline. I explored it and was… Read more »
Hank Bowry
Hank Bowry
2 years 11 months ago

We’ve automated our savings and fixed costs…we’ve negotiated, raises, promotions and bonuses over the last year.

So with the cash, I’m going to take my wife to Paris for her 30th Birthday.

Thanks in advance.

Justin
Justin
2 years 11 months ago

I would use it to help fund prototyping for my fledgling product business. I’m aiming to launch the company before the end of the year and a little extra cash would go a long way towards getting it off the ground.

I work full time and am launching a side business to help bring in an additional income stream.

Leanne Richards-Williams
Leanne Richards-Williams
2 years 11 months ago

I would use it to launch my business in teaching basic computer skills and providing a virtual business incubator to individuals living in rural communities across Jamaica.

Tammy
Tammy
2 years 11 months ago

I’ll use it for a family vacation.

Anoop
Anoop
2 years 11 months ago

I would use the money to enroll in one of your courses, most probably Earn1K!

Patrick
Patrick
2 years 11 months ago

I will be saving up for a trip to Japan in the winter!

Lucien Lee
Lucien Lee
2 years 11 months ago

I’ll spend it on whisky and tobacco.

Kimberly
Kimberly
2 years 11 months ago

I would use most of the money to start an Roth IRA account. Then use the rest to buy a deep freezer and storage shelves, so I can stock up on meat and groceries( the cost of food is expensive).

Thomas Gravel
Thomas Gravel
2 years 11 months ago

I’d rent a Can-Am Spyder and take my girlfriend for a week-end trip in the Vermont State.

Meghan
Meghan
2 years 11 months ago

I would put half in my savings, and the other half would go toward my student loans!

christopher aragon
christopher aragon
2 years 11 months ago

I would put about 75% of the money into savings and the other 25% into my roth/ira. Gotta plan for the future.

Scott E.
Scott E.
2 years 11 months ago

I would use about half of the money to get a Playstation 4 and a few games. The other half would go in my ROTH IRA.

jjc
jjc
2 years 11 months ago

Simply pay off 3 car payments.

Olga
Olga
2 years 11 months ago

I’ll save it since I’m currently between jobs. Well, I will have a nice meal and save the rest 🙂

Gar
Gar
2 years 11 months ago

In order of priority-
Kiddo’s college fund
Retirement supplementation
Vacation savings
Date night / romance my wife fund!

A Wong
A Wong
2 years 11 months ago

I’d use it to extend my runway to kickstarter a board game I’ve been working on.

Mary Kate
Mary Kate
2 years 11 months ago

We would work on paying down our credit card and loan debts so that we can try to avoid living paycheck to paycheck. It would be nice to have money at the end of the month rather than month at the end of our money!

Quertel The Turtle
Quertel The Turtle
2 years 11 months ago

I would invest the money to build a good blog cum website, along the design lines of travellab.com but for holistic/alternative health and I would start to position myself as an expert on natural health topics. I have much of the copy written already. Then, in a few months time, I would work on a natural health book synopsis to pitch to relevant publishers.

Cathy
Cathy
2 years 11 months ago

I would finish my bathroom. It was a “do it yourself” project that we couldn’t “do ourselves”. We need some cash to pay someone to finish it.

JAMES S
JAMES S
2 years 11 months ago
mortgage owes $28,000 5% interest car owes $14,000 3.75% interest, old 16year old car died bought out of neccesity plan to keep for 15 to 20 years it is a honda accord. made $10,000 down payment purchased December 31, 2012 rental property 14 units 2 duplex owes $58,000 Would like to have additional $2001.00 to add to current 500.00 motgage payment to knock payoff down from 5 years to 4 1/2 years. The plan is after paying off home mortgage and extra car payments should be able to make large rental property loan payments to pay off in a few… Read more »
Niki
Niki
2 years 11 months ago

My husband and I are self-employed. It’s not exciting, but we’d put the money toward paying our taxes. And maybe use some of it for a really really nice dinner.

Jeff
Jeff
2 years 11 months ago

I will use it to set up an investment account for my twin sons to teach them about investing.

Fidel
Fidel
2 years 11 months ago

I’d use it for a plane ticket to NYC for the holidays and save the rest!

Rajiv
Rajiv
2 years 11 months ago

I’ve already benefited from automated finances and am in a comfortable place, considering various ventures while taking an extended vacation. I’d probably put the money into good meals with good friends.

Megan Goodell
Megan Goodell
2 years 11 months ago

Whoa, having relief from a mortgage payment for one month would be incredible. With the money saved, I would get my credit card debt completely paid off, and put the rest in my Roth IRA. Here’s to the future!

Vernon
Vernon
2 years 11 months ago

I’d take the extra cash and put it in my savings account.

Katherine
2 years 11 months ago

I would use it to pay a programmer to build a new WordPress plugin that I’ve designed. I would to parlay the investment into a useful tool that could help other people working on projects like mine while providing a bit of ongoing extra income for me. 🙂

Paul
Paul
2 years 11 months ago

I’d make another dent in my college loans.

Chris
Chris
2 years 11 months ago

I’m cash flowing my bachelor’s degree, so an extra mortgage payment would go straight into tuition.

Abena
Abena
2 years 11 months ago

I’d put the money towards my car, moving me closer to my goal of having it paid off by Feb 2014!

Naomi
Naomi
2 years 11 months ago

I would start my savings for graduate school

An
An
2 years 11 months ago

I’d use the money on classes and materials to increase my skill base.

Alexa
Alexa
2 years 11 months ago

I’d invest in some photography classes!

Lindsey
Lindsey
2 years 11 months ago

I would add my saved mortgage payment to my savings account 😉 That would be a nice contribution.

Demetria
Demetria
2 years 11 months ago

I would use that money to pay off a large chunk of debt!

CinCin
CinCin
2 years 11 months ago

I have been following Ramit’s advice for several years now – so I would use that money to take my third vacation this year – a trip for me and my daughter to Arizona for a fun fall visit.

Alissa
Alissa
2 years 11 months ago

I’d put $1500 towards maxing out my Roth contribution for 2013 and the rest I’d put towards a flight from Boston to Detroit to visit my family over the holidays. Flights from Boston are ridiculously expensive!

Tom
2 years 11 months ago

As generous as the winnings of this is, I would use the money to get started to ensure I don’t have to enter a competition like this again. I will finally start a business or freelance company so I can get out of my 9-5:30 job and gain some freedom. I will create better work and be happier for it. Everyone’s a winner!

Gina
Gina
2 years 11 months ago

Take a vacation!

Darrel
Darrel
2 years 11 months ago

I would use the money to test a business that I’ve developed. I’m thinking half for a direct mail campaign and half for usability market research. It’s a risk, but there’s a compulsory market for continuing education credits which is undeserved by poor usability models. There’s a viable opportunity for six figures if I can tap into what this market truly wants and refine my system to provide the best user experience.

Marc Tellez
Marc Tellez
2 years 11 months ago

We’d put it into our maternity leave savings to supplement our income for next fall. Our goal is to save an additional $10,000 before next September, as I will be returning to school part time in addition to my wife taking leave. We have a plan to reach this goal through automation, but the forward momentum of a $2000 gift would give some wiggle room for the unpredictably predictable contingency expenses.

jeanette milling
jeanette milling
2 years 11 months ago

I would get caught up on past due medical bills , and school supplies for my child going into high school .

Becca
Becca
2 years 11 months ago

I would put it towards a big chunk of debt for my student loans. Been trying to pay off that thing for 10+ years and that would be a huge advancement!

Katherine
Katherine
2 years 11 months ago

Definitely some non-college-level furniture. My boyfriend and I moved in to a lovely place together a few months ago, but don’t have a bedframe, and our sofas are just the saddest. We’ve been out of college three years now–but can’t afford the upgrades we’re hankering to make. Bother!

Alli
Alli
2 years 11 months ago

I would use it to pay off what is left of my student loans- I am so close to being done with them!

Paul
Paul
2 years 11 months ago

I would use it to pay down debt, best way for me right now to fix my finances.

Lorie
Lorie
2 years 11 months ago

I need a new roof, so this would help with the cost! Thanks for the opportunity!

Angela
Angela
2 years 11 months ago

It would go straight to paying off my smallest student loan and start a snowball on the next one!

Kal Yash Inc
2 years 11 months ago

I’d invest in my startup.

Nancy Mate'
2 years 11 months ago

I plan to spend the money I will save my mortgage payment on my website. My website is in a pre-launch state and I am not employed. My plan is to launch my website before I return to work next month. I also enrolled in an MBA program at UCF, which will begin in January. Winning the mortgage payment would be a huge help with my uncertain financial near-future!

Sandra V.
Sandra V.
2 years 11 months ago

I’d use the money for rent and to pay down my student loans.

Jill
Jill
2 years 11 months ago

emergency savings

Rox
Rox
2 years 11 months ago

I’d use the money to fund a 2 month stay in Amsterdam to serve as apprentice for a well known florist and/or participate as a volunteer for a flower parade event in order to improve my flower arrangement skills so I can turn my freelance leisure activity into a start up. The experience gained would benefit me as the skills gained would dramatically differentiate my services on the market (I am based in a ~100.000 inhabitants town in southern Romania where the flower arrangements market is rather homogenious at the moment).

Scott
2 years 11 months ago
I am the CEO of the daily photo journal startup @ShutterCal – I quit my job to dive into my venture full time in December with a 1 year budget to make it happen. I’ve completed a business accelerator and am in the middle of raising my round. It’s getting TIGHT economically this fall. Every penny counts as keep myself afloat while building my business. I’d use the extra cash to fly to San Francisco to meet, pitch, and finalize the various angel investors on my list. And also to visit the offices of successful YC CEO’s I’ve been in… Read more »
Kim
Kim
2 years 11 months ago

I will use the money to pay of credit cards.

Jamie
Jamie
2 years 11 months ago

Hey Ramit.

I’d split the money. 1/2 would go towards paying off my highest interest grad school loan, and the other 1/2 would go towards the wedding that my fiance and I are planning.

Christine Dew
Christine Dew
2 years 11 months ago

I will buy annual passes to Disneyland for myself, hubby and son (we just moved to Orange County, CA) and the rest will go into savings.

Chandy
Chandy
2 years 11 months ago

I would ISA 60%, put 20% towards my holiday savings, 15% towards tango classes and blow the last 5% on dinner/cocktails.

Kylie
Kylie
2 years 11 months ago

My husband and I are taking a few trips in the next few month and could use the extra money to offset some of those expenses (Nicaragua, Cabo, Houston, Vegas, yikes!)

Kane
Kane
2 years 11 months ago
My brother, girlfriend and I all share an apartment together. My girlfriend and I just broke forcing us to sub-let the apartment and find a new place to live. I have successfully automated my bills and credit card payments, set up my 401k and IRA, and paid off almost all of my debt through your guided help. I have yet to come up with sufficient emergency savings so this is a definite stressful time being forced to move out. My goal is to have a $10,000 emergency savings account to be secure in any situation. If I were to win… Read more »
Lisa S.
Lisa S.
2 years 11 months ago

I will use the funds to finish the final phase of my mobile kitchen so I can get my business rolling out into the community and start making an income that will be reflective of all my hard work, ambition and abilities. This mobile kitchen is just the first step of a much bigger picture, as outlined in my business plan.

Whitney
2 years 11 months ago

I would put this money toward my student loan debt. Since I am pursuing my Master’s degree at the moment, I am in deferment – but this money would go a long ways toward the interest that continues to accumulate!

Deanna
Deanna
2 years 11 months ago

I’ve been wanting to start an Etsy business and I would use it for this, to generate more income and have fun at the same time!

David
David
2 years 11 months ago

A month without rent would allow us to make a dent in our debts and raise our credit ratings so finding a better place will be easier and possibly even qualify for a mortgage.

Michal Lynch
Michal Lynch
2 years 11 months ago

I’d open retirement accounts for each of my 3 children. I might hold some of it in a separate savings account, giving my kids each the option to earn the rest of it as a match fund for whatever they invest in those retirement accounts, to get them in the habit of investing!

Amanda B.
Amanda B.
2 years 11 months ago

I would put it directly into savings or maybe make a double mortgage payment for that month. It’s been a goal to make 1-2 extra mortgage payments a year.

NKC
NKC
2 years 11 months ago

I’ll use it to pay for classes that I need to take to get my dream job!

David
2 years 11 months ago

I’ll be using the savings to augment funds I’ve already got set aside to attend an awesome two-week presentation mastery workshop that’s part of the action plan for my side business. That side business is going to be my primary business by December. Can’t wait!

ADB
ADB
2 years 11 months ago

Travel. Travel. Travel.

Rickey
Rickey
2 years 11 months ago

I would definitely setup the automated finances plan you lay out in your book. Put some towards savings, pay several bills to get ahead and put the remainder in my investment account.

Rachael
Rachael
2 years 11 months ago

I recently made the decision to leave my current job in pursuit of a web development position which requires me to augment my technical skill set. I would use the money to fund some of my “reach” actionable items for achieving my goals for the next three months.

M C
M C
2 years 11 months ago

I’d make a nice healthy deposit to my Roth IRA.

Brian
Brian
2 years 11 months ago

I’m going to use the saved money to pay my car insurance for the year, rolling over that money to pay down some debt.

Sean Wilkins
2 years 11 months ago

I’m moving next month and would love the cash for a mover and a housewarming party. Thinking about doing a whole pig roast!

Svetlana Yanova
2 years 11 months ago

We are saving for a trip to Disneyland! 🙂

Maddy
Maddy
2 years 11 months ago

I would give the money to my parents so they could put it down towards the mortgage of their house and breathe easy, even if only for one month. It would help them tremendously.

Cruz Hernandez
2 years 11 months ago

I am unemployed since April, so I will use the money to relocate to another state where I have a employment offer! Thanks!

Jeanette
Jeanette
2 years 11 months ago

I will sign up for Ramit’s Dream Job course! (And buy a latte with the extra 3 bucks.)

David
David
2 years 11 months ago
Last year April I was laid off from my job. With a combination of missing work due to illness and my freelance work not taking off, I was already in pretty dire straights financially. Long story short, it took me a full year to gain steady employment again. Now I’m four months behind on my rent and $8,000 in debt (being chased by creditors) aside from that. I would use the $2,001 to pay off my back rent so I don’t have to worry about the possibility of homelessness any longer. That being settled, I could funnel my freelance work… Read more »
Revé
2 years 11 months ago

I’m trying to move to Madrid next month, this money would be a huge blessing so I could stress less about my start-up living expenses.

http://www.gofundme.com/reve-is-moving-on

Matt
Matt
2 years 11 months ago

$200 into my sons 529 college fund
$200 into my retirement account
$200 for a taking my wife to a nice dinner for our anniversary this month
$250 for continuing education materials related to growth as a manager
$55 to fill a random in need persons gas tank at my neighborhood gas station(I see people putting $3/$4 in their tank almost every time I go

Tirza
Tirza
2 years 11 months ago

I am moving to Spain in pursuit of my dream career. I am taking my daughter with me, but leaving my husband behind in Amsterdam. Having rent covered means we can fly back and forth more often to spend family time together. Now that would be a rich life!

Pat
Pat
2 years 11 months ago

I would use it to pay down a CC.

Celeste
Celeste
2 years 11 months ago

I would put some of the money towards my savings, some towards paying down my student loans, and some on guilt-free spending!

Renee Lee
Renee Lee
2 years 11 months ago

Probably into the “savings jar” for a new roof.

Erica P
Erica P
2 years 11 months ago

I would like to say that I would save all the money but I would totally use it to take myself a on a nice vacation somewhere. I would use half and then put the other half into a starting an IRA for me. I think I’ll go to Disneyland where I can be a kid for a while. Thanks!

michelle
michelle
2 years 11 months ago

straight to the savings account!

Katie N.
Katie N.
2 years 11 months ago

I plan on putting the extra money toward my goal of opening a Roth IRA before the end of this year.

judi
judi
2 years 11 months ago

financial education, so I can dig myself out of this hole

Kellie
Kellie
2 years 11 months ago

I’d use it to take a trip with my husband to Monterey Bay. We’ve been planning ot go and haven’t gotten around to it yet.

Curt
Curt
2 years 11 months ago

I’d use the savings to help my girlfriend pay off the remaining balance on her car and put the remainder towards her upcoming certification exam fees… all minus a bottle of Highland Park 25 year old for myself.

Adana Wtn.
2 years 11 months ago
Quite honestly, if I were to win I would get my own place. I’ve essentially been couch surfing on and off since 2007, and I’m tired of it. I’ve been hired and fired, I’ve dabbled with way too many business ideas, and I’ve moved back and forth across the country. I realize from listening to you that I have a huge fear of failure, in the form of embarrassing myself. I keep telling myself that I need to have enough money to get my own place and have it fully furnished the day I move in. That way I don’t… Read more »
Josephine
2 years 11 months ago

I’d let you pay my rent for month, that way I could put my money toward a kundalini yoga teacher’s training. 🙂

Mel
Mel
2 years 11 months ago

Health is really important to me. Instead of doing groupons for yoga studios, I’d buy a year membership at my favorite bikram studio in the city.

dawn
dawn
2 years 11 months ago

Our very old fixer-upper needs all new windows and other miscellaneous upgrades to enhance living conditions and increase its value. My husband is a carpenter and is remodeling it himself but we could really use the help with the cost of materials. He also needs to contribute more to the small retirement savings he currently has. I think in either case, the $2001 would be well spent by us!

Ali
Ali
2 years 11 months ago

I would use the money to make an extra mortgage payment for the year!

Tom Feliz
2 years 11 months ago

I would put it toward building my side business and paying off some loans.

Lynn
Lynn
2 years 11 months ago

I would put it toward the money I need to make some necessary home improvements – adding a second bathroom so six of us don’t have to keep sharing one bathroom.

John
John
2 years 11 months ago
Hi Ramit I’m Jamie’s fiance. We’ve already been great at saving for our wedding: we’re paying for it all ourselves, we’re not taking on any debt, and we are still contributing to our respective retirement funds. It’s not always easy, but it feels right. Our plan is made possible by the advice we’ve read in your book, so thanks! If we won, the money would enable us to shore up the remainder of the wedding fund. We wouldn’t have to worry about saving enough in time for the big event, and we might even put it towards a honeymoon and… Read more »
nikka
2 years 11 months ago
I would use it to pay my startup’s developers. My co-founder and I have been bootstrapping our company and thus have passed on the luxuries of life in exchange of growing our idea and hiring the best developers, who have also been working on our product for much cheaper than their usual rate since they are so committed to our idea. I would definitely use the extra money to help push our business forward and reward those who have been working hard for us. In the bootstrapping startup world– 2,000 can go a LONG way. I’m willing to invest this… Read more »
Kirsten
Kirsten
2 years 11 months ago

I would use the money to save for a down payment on a bigger house so my 2 young children can actually have their own room and a backyard to play in before they go off to college.

Wendy
2 years 11 months ago

I would payoff my last remaining credit card, automate all payments. set up my 10% “pay me first” account, decide on how to invest, and finally breathe knowing my hard work has paid off and the extra money might just get me a virtual assistant so I can work my mojo rather than spinning in overwhelm.

Vinny
Vinny
2 years 11 months ago

I would use it to pay the incorporation fee for my own DE corp so I can work for myself.

Shel
Shel
2 years 11 months ago

I’m starting a master’s degree program this fall. One month’s rent would put a small but nontrivial dent in tuition fees/student loans.

India
India
2 years 11 months ago

I would put it in my savings account!

vlad
2 years 11 months ago

I would invest the money. add it to my investments.

Nicole Schussel
Nicole Schussel
2 years 11 months ago

If you paid my rent for a month, I would put it in my credit union savings account – we are REALLY close to achieving our goal amount for a down payment on our first home!

Julio
Julio
2 years 11 months ago

I would use that money to buy a crib and other furniture for our first child, due in January. So excited!

Laura
Laura
2 years 11 months ago

I’m saving (monthly) for a balloon payment on my property in Mexico which is due 18 months from now. This would certainly help!

Ted Martin
Ted Martin
2 years 11 months ago

Push up the automated debt payoff and get a jump on having my finances on auto-pilot

TC
TC
2 years 11 months ago

I would use the money to help my younger sister pay for her college tuition at BU. Being an out-of-state student is very expensive.

Peregrin
Peregrin
2 years 11 months ago

I am about to wipe out my savings, except safety buffer and pension pot, as we are buying a house and shortly having a baby. It would be extremely easy to spend this on either the house or the child, but I’d rather put the $2001 towards re-building some more liquid wealth and therefore financial freedom.

Indrani
Indrani
2 years 11 months ago

I would put the savings into paying off the mortgage payment. That will lower my mortgage debt.

Cynthia Freese
2 years 11 months ago

Over the past few years I have been working extra hard to reduce stress in my life. I would make an extra principal payment on our mortgage. My goal is zero debt!

Christy
Christy
2 years 11 months ago

I would give it to my cousin who needs gallbladder surgery. She doesn’t have health insurance.

Mel
Mel
2 years 11 months ago

I would buy more Tesla stock.

Andrea
Andrea
2 years 11 months ago

I have a shopping wish-list of software to create online programs for my business. Winning this would put me almost a year ahead of my current savings plan to pay for these!

Shams
Shams
2 years 11 months ago
I’d split that cash three ways … a portion to my dad so he can do anything he wants with it without thinking of denting his bank (which happens at times for bills), a portion to my mother who does everything for her home, who is so timid in nature to want anything for herself (village girl ;p ) (I’d want her to get any material things or experiences she hasn’t had). To see these two people happy who are close to me. And a portion to me so I can settled some debt, spend on some sick mods for… Read more »
Michelle
Michelle
2 years 11 months ago

I’m starting a new business venture and will put the money into the necessities to get started.

Sheila
Sheila
2 years 11 months ago

Most of it will go toward debt repayment, and the remainder will beef up emergency savings a bit.

Daniel Jones
Daniel Jones
2 years 11 months ago

We don’t live paycheck to paycheck, but we did just buy a house, so we’ve got less cash around than usual. I’d put the money in our savings account.

Evan
Evan
2 years 11 months ago

I would invest this money. I am a buy and hold investor and have done well in the market, but it does sometimes limit my liquidity and my options for investing other monies.

Laura
Laura
2 years 11 months ago

I’d use that money to contribute towards my Roth IRA.

Dave
Dave
2 years 11 months ago

Getting out of debt can be a slow process. I would use the extra cash to pay off a large chunk.

Casper
Casper
2 years 11 months ago

First of all I would be really happy and grateful! 🙂 I would treat the money wisely and if I got the chance I would ask you for advice on what to do with the extra money. If not, I would follow your tips on automating my savings and investments and maybe I would invest a little bit in my new startup. It would definitely make a difference, for both me and my girlfriend.

Denise Pouchet
Denise Pouchet
2 years 11 months ago

Half goes into savings to rebuild devastated nest egg, half goes towards the medical bills which caused said devastation.

Kari
2 years 11 months ago

I’d use the money to invest in my website.

Erika Block
Erika Block
2 years 11 months ago

I recently purchased an old cheese factory (which I am turning into an art center) in the beautiful, creative community of Door County, Wisconsin. I would use a month’s financial reprieve to invest in more things for our visitors to enjoy, such as a sculpture garden, a meditation area, or an art library.

Phil
2 years 11 months ago

I am busy building my new career as a visual artist and will use the money to fund new art work and business investments (equipment, etc.).

Janet
Janet
2 years 11 months ago

I would put the money into a car repair savings account for when my car inevitably breaks on me.

Cara
Cara
2 years 11 months ago

I would add to my emergency fund and take a portion of it for a vacation fund.

Jenny
Jenny
2 years 11 months ago

I’d use the money to make a large payment toward the credit cards I hold that have a high interest rate. They were run up very high after I was laid off and we depended on them before we got stabilized again and now the interest eats up much of the monthly payments I make into them. If they were paid off we would have a lot more disposable monthly income, so I’ve made that top priority for now.

Maria Moreno
2 years 11 months ago

Easy! My dream is to have my Boutique on Wheels! I make Textile Jewelry and I do have an online store, but my real passion will be my Tutti Frutti Boutique on wheels!
Will be my Kick-starter gift.

Nitya Oberoi
2 years 11 months ago
I’ve learnt that the most valuable lessons in my life come from experiencing new things, places and people through various travel experiences. I’m taking the next big plunge into my wanderlust from Nov 2013 to March 2014, where I will be biking and backpacking through south east asia. During this ‘recharge trip’ I hope to do some self-improvisation and research into how I can dedicate my life to solving something other than first world problems. Although I aim to keep my trip expenses minimal, I will need to supplement the mortgage my husband and I pay in NYC for 5… Read more »
Fel
2 years 11 months ago

Open up individual 401K through Vanguard and set up monthly contributions!

Ericka Coburn
Ericka Coburn
2 years 11 months ago

I would catch up on all the rest of our bills. Living paycheck to paycheck is hard and often doesn’t work when you have children and are under paid.

Debbie
Debbie
2 years 11 months ago

I was out of work for six months; one month’s rent would be greatly appreciated to help me get out of my over draft and get above ‘0’ line. Then I would put half on credit card and keep half in a just in case account. Some breathing room in the finance dept., would be a breath of fresh air.
Thank you for your offer!!

Dale
Dale
2 years 11 months ago

I’d use the money to pay back a loan that helped us get through a rough spot.

KA
KA
2 years 11 months ago

Would put it back into our house to help fund the new geothermal heating system we are putting in this fall — no more anxiety that our 60 year old oil burner will crap out in the dead of winter!

Johanna
Johanna
2 years 11 months ago

No B.S., but I would use that money towards your Dream Job program. I still say I have no idea what I would like to be when I grow up. I’ve read all the books, taken career tests, one said I should be a forest park ranger (I live in NYC). I need answers Ramit!

Josh
Josh
2 years 11 months ago

Pay off credit card debt!!

Diane
Diane
2 years 11 months ago

Nothing fun unfortunately! Just had a midyear check up with the accountant. Apparently we don’t have enough being withheld for taxes! Ugh! Gonna put any windfalls in a savings account to mitigate the blow next April.

Kelli
Kelli
2 years 11 months ago

Pay down other debt

Chris
Chris
2 years 11 months ago

I’d use it to pay off some of adoption expenses now, so I can make my wife happy, which will in turn make my life happy.

Crystal
Crystal
2 years 11 months ago

I would use the money I save to put towards a down payment for a house so I can stop paying rent.

Lew
Lew
2 years 11 months ago

I will use the opportunity and financial reprieve to work on a project that i’ve been building part time, to get to the MVP stage, and start socializing it so that i can raise further funding (angel, initially) to fully complete it. It’s been a sustaining passion for a long time, but i’ve had to work during the day to earn money for life and bills, but were i be lucky enough to win this prize, a big burden would be lifted, freeing me up for more valuable work. Thanks for the opportunity!

peter
2 years 11 months ago

Hey Ramit
just like last time, I’d use the dosh to kick start my app building business.

I think you do a business course about marketing or starting up, so I might use this dosh towards that.

This is the start of an ever green business, plus it’s FUN.
So it should appeal to you 😉

Peter

PAGE
PAGE
2 years 11 months ago

Replenish our cash advance fund so we can start this fall ahead of the eight ball.

Lydia
Lydia
2 years 11 months ago

I would use it to pay off a chunk of a large co-insurance (medical) bill that has been hanging over our heads. – That would be a huge relief!!

Sasha
Sasha
2 years 11 months ago

I would put half of that money in my savings account and put the rest toward my credit card bill.

DeAnndra
DeAnndra
2 years 11 months ago

Im 25 and I plan to save half in my online savings acct and use the other half to pay off the remaining balance of 1 of my student loans. I paid for college out of pocket and without any cosigners for my loans, and it feel like I have been paying my student debt forever. I have finally gotten one of my student loans under $1000 and would like to just pay it off before the year is out.

Danelle
Danelle
2 years 11 months ago

I would use the money to go on the vacation we have been waiting to take for the last 3 years (and counting).

Dack Phillips
Dack Phillips
2 years 11 months ago

I’d use it to boost my savings which have taken a hard hit from a lot of unexpected expenses I’ve had in the last couple of months.

Geraldine
Geraldine
2 years 11 months ago

Pay bills.

John
John
2 years 11 months ago

Take my wife back to LA where we met bartending many years ago to celebrate 25 years together.

Brian
Brian
2 years 11 months ago

I would use this to buffer my checking account and get the finances completely automated.

Naomi
Naomi
2 years 11 months ago

I would use the money to quit my job and pursue real estate full time. I have my license and would love to get started, but don’t have the savings to afford not making any commission the first few months.

Jennifer Nolte
Jennifer Nolte
2 years 11 months ago

Well my rent payment is equal to one of our debt payments, so I would probably throw it at that. Maybe use $200 of it to pad the mini-accounts my boyfriend and i both have here and there, to increase our total savings (which is in a sad state right now, unfortunately).

Kyle Del Bonis
2 years 11 months ago

Pay off the credit card debt I accrued while being unemployed so I can spend new savings on tools, such as IWT classes, to learn how to create automated cash flow ideas.

Apoorv
2 years 11 months ago

I would fly to see my girlfriend. We are doing long distance relationship for over one year. But none of us have either time or money to see each other.

Erika
2 years 11 months ago

I would take my passion/career one step further by buying that new lens that I have been wanting so bad.

John
John
2 years 11 months ago

I would add to my savings to get closer to the 6 month pad that I need. Been hit with “unexpected” expenses like glasses for kids and changing medical plans.

Danabee
2 years 11 months ago

I would spend it on getting an eye exam and getting 2 new pairs of glasses. And go to the dentist for checkup and cleaning. I would buy a new, larger external hard drive for my computer. Anything left over? Put it in savings so I can take a trip over winter holidays. That’s what I would do!

Lori
2 years 11 months ago

I would use the money to invest in my business, specifically in marketing.

James Lepine
James Lepine
2 years 11 months ago

I would put it in savings. We had to completely liquidate our assets when I sold my house last year. Yep, I PAID 8 grand to sell my house. I badly need to rebuild my savings.

CB
CB
2 years 11 months ago

Thank you, Ramit!
I would save some, and use the rest to invest in a couple of companies that are right on the cutting edge of some real game changing technologies.

Tyler Colley
Tyler Colley
2 years 11 months ago

I will use the money for student loans.

Elliot Robins
Elliot Robins
2 years 11 months ago

After rent is paid, I’d put the extra money in an account and use it to test as many business ideas as possible (validating by setting up a ghetto landing page before rolling out the product/service, etc).

scoff
scoff
2 years 11 months ago

I would definitely use it rebuild my e-fund.

David D
David D
2 years 11 months ago

I’d put it towards a nice date with my wife, a few things for the baby and invest the rest in my play fund.

PS
PS
2 years 11 months ago

I’d use the extra money to make an additional mortgage payment!

Christina Scott
Christina Scott
2 years 11 months ago

With 2001 dollars next month, I could actually pay off 2 credit cards… COMPLETELY!!! I have paid them down enough that that would completely eliminate 2 bills going forward. Thanks for the opportunity:)

Kristi Hines
2 years 11 months ago

I would put it towards outsourcing some design work and other tasks for my business so I could focus more on growth and less on tasks others are better suited for.

Andrea
Andrea
2 years 11 months ago

I’ve been thinking about getting certified as a SCRUM master. I would most likely put it toward a workshop for that.

Nguyen Nguyen
Nguyen Nguyen
2 years 11 months ago

Just moved back to my country of birth, Vietnam after almost 19 years away to pursue a visual art career. Graduated college without any debt. I have basics to start working and taking on jobs as a freelancer in Ho Chi Minh City. I would spend the money to pay for a few months rent since it is significantly cheaper compared to US dollars, about $100 a month. Also finally purchase that hot shoe flash, and put the rest in my Ally savings account.

Brent
Brent
2 years 11 months ago

I’d use the money to get caught up on the bills I don’t currently have the money to pay.

Kartikeya Bhalla
Kartikeya Bhalla
2 years 11 months ago

Though I should probably use it to cover rent during the lean season. I will spend half of it (if it’s $2001) on a ticket to the US to meet you (Ramit) in person so that I can see how these principles can be applied in India! Believe me, some work and some don’t.

The other half will be invested in equipment useful for my freelance gig.

anastasia
anastasia
2 years 11 months ago

I would just like to be able to do something fun with my son.

Jeff Brown
Jeff Brown
2 years 11 months ago

I would use it to pay down my mortage so I could quit paying PMI, seven years before the bank has me scheduled to stop.

Dilenia Frias
Dilenia Frias
2 years 11 months ago
I would use it to pay down my Discover card which currently has $2 available credit 🙁 I took time off from work to study for the bar exam. I took as little time as I felt I could while still studying enough to pass. But because I have been living paycheck to paycheck for some years now and don’t have an emergency fund I ended up maxing out my Discover card. I’ve worked really hard to re-establish good credit and the fact that I am now using over 25% of my available credit is really bothering me.
Johanna
Johanna
2 years 11 months ago

I’d use it on major home repairs.

Zack
Zack
2 years 11 months ago

After I take my gf out to a lovely dinner, the rest of it goes into savings to lessen the stress and worries.

Jeff
Jeff
2 years 11 months ago

I’ve been Unemployed for some months, and I’m going back to college this fall to finish out my degree. Having exhausted my savings and taking on loans, a month’s reprieve from rent would let me catch up on bills that need to be paid.

Kevin Bowen
Kevin Bowen
2 years 11 months ago

I’m going to use the savings to purchase an Epson Stylus Pro 3880 that I will use to create a side business designing and printing posters that appeal to a niche market on Etsy and other art/craft sites. Then using that to move into creating custom art prints for interior designers and popular vintage shops.

Deb Belluomini
Deb Belluomini
2 years 11 months ago
Well, let’s see. I just lost my job that I’ve had for 19 years last month and instead of just getting another ‘job’ I want to do something that matters – that I love and that makes the world a better place. So, I’ve started to complete an application for a Kiva Fellowship (http://www.kiva.org), per Chris Gilleubeau, with the hope of devoting four months from January-April 2014 to helping disadvantaged people in some part of the world that lacks the amazing opportunities we have here in the U.S. I could sure use some help paying my mortgage during those four… Read more »
Carrie Shuffles
Carrie Shuffles
2 years 11 months ago

I would pay off my higher rate credit cards with part of it and use the rest to go towards savings. It would make a HUGE difference.

wpDiscuz