3 ms·
As a mind experiment, imagine money randomly appeared in your bank account. $500 - Bank error in your favour and you move on with your life. $5,000 - Maybe bu
by goldcd 7y ago
As a mind experiment, imagine money randomly appeared in your bank account.
$500 - Bank error in your favour and you move on with your life.
$5,000 - Maybe buy you some breathing space to look for a job you prefer. Pay off a debt?
$50,000 - Maybe you might quit and retrain in a new career.
$500,000 - Maybe you'd start looking to see whether you could jack it all in and live off investments.
$5,000,000 - Start that business you'd always fancied, without fear of failure. Or just invest and kick back.
$50,000,000 - Makes more sense to invest it, and do whatever you want with the interest.
Yes, I've just made up those sums and outcomes - but I think it's interesting how we look at "sizes of money" and would all do wildly different things depending on the size.
e.g.
If you got 10x$50,000 you're not going to retrain ten times. But give $50,000 to ten people and ten people might.
Or 10x$5,000,000 and you might get 10 new businesses - but $50,000,000 is unlikely to create any viable ones.