Spend £100,000 in 24 hours

[YakkityYakYakYak]

So my husband has been watching these YouTube videos where they basically give someone a huge sum of money and a limited time to spend it. It’s made me realise how unimaginative I must be because I think I’d actually really struggle.

So, tell me - if you had £100k to spend in 24 hours, what would you do?

Let’s say the rules are that every transaction has to be complete within the time period (so that rules out things like house purchases), you can’t buy anything online, or put any into savings, and if you don’t spend it all within the time you lose everything. Your starting point is wherever you are now so you’ll need to factor in travel time.

24 hours? Subject to traffic I could probably do it in 24 minutes! (Sloane Square is only ten mins in a cab from me).

@TheFlis12345

24 hours? Subject to traffic I could probably do it in 24 minutes! (Sloane Square is only ten mins in a cab from me).

That an expensive cab!!

Antiques and jewellery that would hold their value. Then I could sell them again and use the money at leisure.

But a high end kitchen, bathroom and big holiday would swallow it up pretty fast.

If you booked a fancy holiday for a lot of people, you'd have no difficulty spending any amount.

I’d definitely go for a holiday if that’s allowed. There’s a branch of Kuoni at the top of John Lewis Oxford St, so I’d start there to make a huge hole in it with holidays for the four of us plus parents and in-laws and then work my way down with whatever’s left - I need a new sofa (might be tricky to get within the day), rugs (John Lewis have got some rather nice ones for four grand), designer lighting, I could upgrade the electronics, get the largest TV imaginable with a high tech sound system get new phones all round for the family, blitz the Lego in the toy department, upgrade all the bed linen to three zillion thread count Egyptian cotton, get LK Bennett’s in every colour, and finish off at the bottom in the jewellery handbag department.

I think that the “correct” answer, though dull, is to go to somewhere which sells items which are easily resaleable at a high percentage of their original price, maybe a high end handbag shop, jewellery store or the Lego shop (I don’t think they’d let you spend 100,000 on Lego at once though), spend the lot and then set up an eBay store the next day to resell it all with the hope of recouping at least fifty thousand in cash.

Two frivolous spends - a holiday and solar panels and both bring pleasure, but neither appreciate in value. I would then buy high-value assets, such as gold, diamonds or good wine.

@WingBingo

I just asked DH and he immediately said jewellery.

DP said gold, which I've disallowed as being too close to investments or savings, and not in the spirit of the dream.

We've decided we'd take 2 or 3 weeks unpaid leave so we could have 6 or 7 weeks worth of holidays and have so far got :

• 2 weeks relaxing in French Polynesia
• A two-centre trip to New York/Seattle
• Disneyland (we'll make do with Paris to save time but stay in the Disneyland Hotel)
• 2 weeks in Japan
• A few days in Swedish Lapland

It won't leave much time to visit family in other countries so we'll pay for them to join us in NY / Paris / Sweden.

I may have to reduce my aspirations and hit up the used car showroom and accessorise instead of Mulberry

Items that have good investment/resale potential so that I can benefit later from the immediate decisions I have to make. Tempting just to spend like a pool's winner but I would want to make it count and improve my future. So yes get to a big city visit the best places and buy art. Cars, Rolex type jewellery.

2 x nice cars nothing too flash (but 50-60k combined?)
Trip to the jewellers 2 x used rolex (me: gold day date 36m, him: 40m rootbeer) (£30k)
Then furniture shopping 10k-20k in Neptune 😍

The new car I want is £70k so that would get rid of most of it, couple of handbags and that would be it

Flight to London, hit the shops, buy 2 cars to come home (and courier for the shopping) Easy!

New car (jag i-pace so £75k gone there)
New sofa
Latest iPad/Mac/iPhone
New smart tv

My problem is that I’m so indecisive. I know I’d want to spend some of it on a car, but what car?! I need time to research!

Same with a holiday, how could I possibly choose then and there!

A G-class Merc. I’m not even sure I’d get much change.

We are about to move into a new house so I would pay for a new kitchen and bathroooms /flooring/furniture etc
Then new clothes for everyone
Car for DH
Holiday

Then I would buy stuff for other people - family etc and if you needed to spend some more money things like buying a shot tone of food for the food bank, etc

If it's limited to things you can buy and walk away with immediately I'd buy 2 really nice cars-used and private sales so it's instant, me and dh both want cars in the 40k range

The last 10-20k id get a samoyed dog and spoil it, and spoil the existing cats with a new giant cat tree.
Let the kids loose on the smyths website for instant click and collect.

Me again, for frivolous option book tours of China/Japan/Australia and fly first class with proper beds (hate, hate, hate long flights in economy)

Are we allowed to spend it on some people? Say pay 2 or 3 months rent for as many as it would be enough for or take them shopping and then out for lunch.

I suppose shopping is the frivolous option so I'll do that, if allowed.

I'd buy a new one of these in cash off the forecort - easily £ 70,000+ if it had a couple of extras:
www.volkswagen-vans.co.uk/en/new-vehicles/california.html?---=%7B%22new-vehicles_california_sectiongroup_featureappsection%22%3A%22%2F%2B%2F0%22%7D

Could easily spend the rest on good bikes, clothing and footwear and camping equipment for the family, and I wonder whether an electric 50cc scooter would mount on the back...

Essentially if vehicles are allowed it would require no effort to spend 100k in an hour...

During the day I would go and buy a new car each for me and DH, a nice lunch somewhere, then go clothes shopping and finally have a nice dinner out. Then I would stay awake until the 24hrs were up buying holidays, furniture, booking things and paying yearly subscriptions for things, all online. I'd make sure to buy some things that I could sell and make some cash. I think I could do it in 24 hours quite easily.

Just go to a jewellery shop

I'd be done in under a hour

I'd go for a camper can - one of those like a bus. Any leftover money I would go for jewellery that I could sell at a later date.

Tesla and a fish supper. Done!

a few paintings & frames
high end hobby equipment
furniture
a car
a boat