Getting your first pay check is an amazing feeling: you’re finally free to do what you want with your own money. However, the feeling is nothing like that of when you get your first big payment. Whether it’s from a bonus, working overtime, or getting a promotion – it feels like you’ve made the big time. While it’s easy to go out and squander all the money on frivolous things like clothes and food, it’s better to invest the money into a big luxury item that is going to bring you joy every time you use it. So, here’s a few ideas for what you can do with that sum.
Buy a car
The most obvious choice is to buy a luxury car. You’ve probably got a good idea of the brands and models you like, and if it’s always been something that you’ve coveted, then why not go for it? Visit a dealer, like the reputable BMW Edinburgh, and talk through what you want, what you need, and what you’ll use it for primarily. They’ll be able to offer you guidance and advice on the best car for your lifestyle.
Put the money towards a house
If you’re still renting or living in a house that’s too small, then use the money to go towards a house. You might still need financial assistance from the bank, but having a big lump sum will go a long way in making the process easier and more affordable. It also means that you’ll be able to afford something that you never thought you would before – it’ll give you that extra cash injection to afford more.
Get an expensive watch
We all know that an expensive, luxury watch has long been synonymous with success and class. So, start looking for one that suits both you and your budget. From Rolex to Cartier, speak to experienced jewelers who’ll be able to help you make the right decision. You don’t want anything too garish or delicate, especially if you want to wear it every day.
Have the treatment you want done
If you’ve always wanted proper hair extensions or to have your teeth straightened and whitened, then now’s your chance. Don’t do anything on a whim, but speak to highly recommended cosmetic surgeons, and see if you can get the ball rolling.
Follow your passions
If you’re passionate about something, then use this money to follow it. Whether it’s travel or playing sports, you can use this as an investment to help you get further in your chosen sport, activity or hobby. It means that you’ll be able to get the right equipment, without needing sponsorship or external financial assistance.
Well, there has to be at least one sensible option on the list! If there’s nothing that immediately jumps out – if you’ve already got a nice car and a house – then save the money. Either put it into a high interest bank account, or look into investing in stocks and shares. While you won’t get the instant gratification of having something new, you will have that added security of having a small investment to fall back on in case you ever need it.