Comments on: What If You Had Lots of Money?

By: E

Wed, 13 Apr 2011 03:00:58 +0000

My hubby and I are saving and learning skills to be more self-sufficient and live a more sustainable life. We plan to set up our own farm so that if, or when, the economic, energy, food, or climate system becomes untenable, then we’ll be prepared. You can bet if we had lots of money, we’d only accelerate those plans because who knows what good money will be at that point.

By: Financial Samurai

Financial Samurai — Fri, 23 Oct 2009 17:08:31 +0000

David – And I will admit to you and everyone, when I was 22-23 and had over $150,000 cash in the bank, I was EXTREMELY happy to have it. It provided me the freedom and opportunites to network and see things I never would have seen or experienced.

My job was certainly stressful, but it was so exciting being in the heart of Manhattan, NYC as a kid, with some coin.

By: Financial Samurai

Financial Samurai — Fri, 23 Oct 2009 17:06:48 +0000

I remember when I first started working in finance, I was 22 years old and didn’t no lick. I bought $3,000 worth of stock and sold it for $158,356, five months later, and I was STOKED.

I took girls out to fancy shows in NYC, ate at the best steak houses like Peter Lugers, Nobu, and Le Bernardin, bought a car and motorbike with cash, and had a grand old time.

Then the stock market began tanking and I lost about $20,000 of it in a month or so. I took it out and kept the remaining money in cash.

Having a lot of money relative to how old you are and how much you make is a FANTASTIC thing. That said, it’s dangerous too.

I had my fun, and now I’m quite alright being frugal. It’s why I started Financial Samurai

By: MoneyNing

MoneyNing — Thu, 22 Oct 2009 23:00:38 +0000

It’s true that lots of money brings lots of choices, but having no money comes with the same amount of decisions. No one said it’s wrong to strive for better, but to believe that wealth is the answer to everything isn’t it either.

There’s not enough people to remind us that it’s not the end of the world to not have a billion dollars. It’s not the end of the world that we got laid off. It’s not pleasant, but it’s okay because we are adaptable people and we will find a way to be happy. Money has NOTHING to do with happiness.

You may be able to change and help the world with lots of money, but you may not be able to change and help yourself with just wealth alone.

By: Nadene

Nadene — Thu, 22 Oct 2009 22:51:24 +0000

What a negative post.

You could be inspiring people but choose to say – no it’s ok being where you are – it’s a little lonely up here at the top?…

With lots of money comes lots of choice. If you can open your choices – you can change the world.

By: MoneyNing

MoneyNing — Thu, 22 Oct 2009 18:56:19 +0000

Too bad we just can’t enjoy what we have and stop complaining about what we don’t have.

By: Daniel @ Sweating The Big Stuff

Daniel @ Sweating The Big Stuff — Thu, 22 Oct 2009 17:18:06 +0000

Agreed, we don’t know what it will be like. I don’t think all people with money have big problems, but money doesn’t erase all problems, it just changes what those problems are.

By: kenyantykoon

kenyantykoon — Thu, 22 Oct 2009 16:28:08 +0000

If I had too much money I would by a private jet, a fleet of super cars and luxury vehicles a set of beach houses and penthouses all over the world and a very big library full of all the latest bestsellers

By: Joe Morgan

Joe Morgan — Thu, 22 Oct 2009 15:35:43 +0000

You raise a very relevant question. I say it’s relevant because we in America are in the midst of a philosophical crossroads. The choice being laid out before is whether government knows better how to spend than the individual; socialism vs capitalism, if you will.

It’s relevant because when you look to the uber rich – Bill Gates, Warren Buffet, etc.. – and ask yourself what do THEY do with their money, you see why free market capitalism is a winner.

Guys like Gates and Buffett create more jobs than government ever has through their investments, but there’s also a philanthropic aspect to consider.

Quite simply, when you have more money than you could ever spend, you’re very likely to donate large sums to charities you believe in (like the gates foundation) and help less advantaged people in the process.

How many charities have never been started due to a lack of capitalism in 3rd world and communist countries?

By: MoneyNing

MoneyNing — Thu, 22 Oct 2009 15:32:01 +0000

We at least won’t need to share a computer when we are rich.

But going back to the post, I believe that most of us will find other headaches once we solve the problem of needing more money. And judging by what I hear about and see from the wealthy, those new problems are much more disastrous than the pursuit of money itself.