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- Jan 19, 2012
I think the problem with the lack of "real" responses here is that you limit the outcome too much. Getting absolutely "no value" back is basically impossible because stricly speaking this even excludes "feeling good for a second while buying it". Maybe the question is more about "how would you spend 1 million dollars and make it depreciate the fastest"?what are some things that are kind of expensive that you realistically would purchase if you were making decent money that had no value afterwards?
The only thing I can think of in regards to the original "no value" question, besides taxes (that wasnt a joke), is "loaning" money, where you are 100% sure you will never get it back. But even then you will probably feel good about helping out.
Regarding the point behind the post (if I understand it correctly): I noticed that the more money I make, the more careful I am with what I spend it on. Always a question about ROI in the back of my mind.
There is a German documentary about a big real estate developer here who basically went from zero to 9 figures. They interviewed him in a private jet. He basically said (translation):
"If you have €250 million, you throw money out the window, and it comes back in through the door on its own. You can't destroy it. You buy cars - they appreciate in value. You buy real estate - it appreciates in value. You buy gold - it appreciates in value. You can't destroy it with consumerism."
Starts at 20s (if you understand German ):
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