How would you spend $1 million dollars and get no sellable value from it?

[WJK]

I love this exercise because it demonstrates that a lot of $$$ spent can retain some equitable value on our personal balance sheet.

If one spent $15K installing new landscaping at one's house, the home's value might increase by an equal amount, or more.

The first Lambo I bought gave me 2 years of driving pleasure -- the net cost wasn't $200K (this was decade ago) but around $10-15K as the car lost little value.

Some ideas...

Vacations.
Poor business investments.
Poor stock/crypto investments.
Donations to charity.
Hookers, prostitutes, and blow.
Vegas gambling.
Vegas residency in a hotel penthouse.
Private jet use (on way to those vacations)
Concerts and Pro sports -- suites level seats.
Political donations to a failed candidate.

Some of these "things" have memory dividends however...



I think part of this is psychology is that we "want" what we can't have.

As soon as the option comes on the table with means and wherewithal, the "want" doesn't seem as desirable.

This happened to me with cars -- I now have zero interest in flashy cars that make a statement of wealth or something else.

I have zero desire to be noticed and just want to be comfortable. I went from Lambos and Vipers to Lexus and Fords. (Although I'll never buy a Ford again)

Life is a lot easier when I just blend in with the people around me. Having possessions that bring attention doesn't make people like or love you. Then it's not about you or a human relationship -- it's about that thing. I would rather spend my time and resources on making real connections and daily doing random acts of kindness.

 

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[WJK]

O xuamf moli vjot iyqisoipdi Ooli taqquti O xepv vu vsewim epf fu vsoqt xovj citv gsoipft epf emm vji kuaspiz piift fotdoqmopi epf metis-gudatif eqqsuedj xjip zua fu ov gus 5-10 ziest zua esi puv vji teni qistup tu jux fu zua fiem xovj ov ? O niep xjeviwis zua xepvif ev gostv zua huv epf puv tevotgoif epznusi

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