What is the absolute minimum amount of money you’d have to get all at once to do everything you can currently think of to do with a lot of money (including savings, investments, etc.)? Mine is about $15 million, though that is, as I said, everything (which is what I want you to think of too!).
What is the approximate amount of money you’d have to gain all at once to be game-changing, but not life-changing? Here are the definitions I’m using:
Life-changing: The way you live the entire rest of your life is directly altered by the money.
Game-changing: Your immediate future life is strongly altered by the money, but anything that happens to you a few years down the road and beyond is only altered by what you do with the money now. (E.g. it’s just enough for you to start your own business, go back to school, provide sufficient breathing room for you to find your next job, wipe out your current debt, etc.)
Me, it would probably be about $100,000, though it could conceivably be less.
Everything I can think of? I don’t believe there’s a limit to the amount of cash I’d need for that - really. I’m confident I could find a use for any amount of money. I think people who talk about ‘not wanting to win too much’ probably lack the imagination to spend it creatively.
Game-changing? It would be enough to be able to stop working for someone else and pursue whatever activities took my fancy, without financial risk or debt. I reckon a million pounds Sterling would do it.
I already have game-changing amounts of money. ETA: what I mean by that is no smaller amount of money that aren’t life-changing would alter my current behavior.
Life-changing amounts of money would be $200,000 – there would probably be taxes involved so let’s say $300,000. I’d be able to retire with my current lifestyle (when you add my current savings in of course). Of course, I’d take extra amounts of money, but the important thing isn’t having a huge house or taking multiple world-wide vacations a year, the important thing is not working.
There is no upper limit to the amount of money that I would need to do everything I want to do. A goal in my life is to be able to be philanthropic, so anything over what I need to do what I want to actively do would be given to others, which is something I also want to do.
Game-changing amount would be around $40,000. I just want to get out of the debt that I gathered while in college. After that I would be set.
This amount isn’t as big as I originally though; I want 3 million to retire then I’d like another 10-15 million for houses, 3 million for cars, 2 million for boats, 10 million for art, 15 million for support staff, 1 million for schooling, and 10 million for a private jet. So I’ll take 60 million as a minimum but I’m pretty sure I could go through a 100 mil without trying too hard.
This number is a whole lot harder to come up with most amounts of money that will change my life in the short term will change my life in the long term because any of them would involve me quitting my job. I guess having enough to finish paying off my short term debt and pay for all of my travel plans for this year would be the right amount so maybe 30K.
Everything? Gotta be at least the $100 million range, and possibly a good deal more. First thing I’d be looking at would be to get some high end penthouse type living arrangements in several of my favorite cities. Probably a luxury yacht of some kind. Then enough money to cover all of the travel, plus a significant amount for investing. We haven’t even discussed running all of the houses and the boat, yet, or the luxury cars…
Game changing - $500k or so, after taxes. Enough to pool with my savings and buy a nice house or condo in a great location. Getting rid of my single biggest expense (rent) and minimizing another (transportation) would be pretty game-changing, and give me a lot of freedom and flexibility.
Everything - $54 billion dollars, same net worth as Bill Gates. I dream big. With that kind of money you aren’t just rich, you’re insanely powerful. You can leverage it against anything. Say you’re at the store and someone is rude to you. You don’t have to take that shit, you can buy out the entire company and have everyone fired and all of the stores and offices razed to the ground and replaced with fountains and parks named after you. That’s awesome.
Life changing - $50k would be life changing for me, sadly enough.