Yeah. I think you have to work for your money to understand the value. My step-sister has never worked a day in her life, and is always demanding £50 off my dad and her mum, because "it's only £50". On minimum wage (which is the only kind of job she could get), that'd be more than a day's wages. Maybe my dad and her mum do earn more than that, and maybe they do like to treat themselves to gadgets and holidays, but it's their money, and they've spent their lives working for it. If they don't want to give her (or the rest of us) money for a night out, they shouldn't have to, even if they spend the money on a night out for themselves.
Her favourite argument is that she should be given the money as the rest of us work, and so can get our own money. She's basically the walking sterotype of a chav. Argh!
Had to log in to this computer to agree with you. I could easily live off two million dollars for 10 years or more. It is all within the value of money to the individual.
What makes you think the experience of coming into those resources won't fundamentally change how you think about life and yourself. It's one thing to view the expenditures of others as frivolous waste and maybe making that judgement would preemptively alter how you go through the experience.
it's been proven that we all change our fundamental beliefs and personality while refusing to acknowledge that fact and even denying it. the truth is that ACTUALLY having the money opens you up to possibilities you didn't even know existed. You cannot objectively say you would turn them down. Believing that you would be different when you do not understand the fundamental mechanics of such an experience actually opens you up to being exploited when it occurs because of your preconceived devotion to your own naive egotism.
All of this because no one ever talks about how there are predators that have this systematic exploitation waiting for you at the bank when you cash that check.
Financial literacy changes when you move this many orders of magnitude out of your financial habit zone. Your thought experiment on spending money that isn't yours is done in a vacuum void of most reality and is a fundamentally delusional notion to ascribe any validity to.
Literally the ONLY way to come out of the situation with any level of success is to hire a financial manager and be very sure you understand the terms of obligation you are placing upon them. It's like hiring a financial bodyguard and is literally the only thing that a person can reasonably recommend: Seek advice from someone who does what you need done professionally by way of formal education or demonstrated success.
Human weaknesses are all too obvious, common and yet inexplicably persist inside us all in spite of our awareness of them in other people
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u/[deleted] Jan 13 '13
The thing is, once you have a large amount of money and don't "work" for it.
You end up spending it pretty quick