After earning and spending money for quite some time, I realized that there is a big issue with the value of money. Remember when we were young and a few dollars meant a lot to us? That quickly changed once we started having hobbies that require some cash. During our teenage, there was also another round of realization as we find it hard to save up for anything substantial like a backpack or a pair of nice sports shoes. All in all, I guess during our pre-adulthood, there was only one central lesson to be learned and that is although money is hard to get, when you get it you will be able to make yourself and others very happy. However, once we enter adulthood, that imagination quickly dissipates as we realize that cars and houses are just too expensive for us to not save up for, let alone retirement. In this post, let us think about what it would be like if we were rich together. In essence, how it would be like if we had a lot more money and how having a lot more money impacts our lives.
Money is deceptively valuable
I am unsure how many of us went through the stage where we first achieved a certain bank balance and felt really good about ourselves at that point in time. I certainly recalled those moments when I felt that I have finally made it but those feelings quickly fade away because every accomplishment feels like the start of another challenge. What’s worse is when you try to maintain your bank balance for obvious reasons and find out that you are actually locking up that amount of money for a long time. That actually means that you worked so hard just to maintain a digital number on your bank app. How valuable is money when you don’t actually use it right?
Having more cash makes you think about what you can actually afford
As you accumulate more money, the hardship that you go through will probably drive you to spend more at some point. The drive that makes you want to work harder will need to be fed by a commensurable amount of rewards as well. That results in us finding what we can afford based on how much money we make and have thus, making us feel that if we just made some more, we would be able to hit the next level and therefore, be happier about it.
Prices go up exponentially as you consume higher-end products and services
There comes the next issue as you will then find out that prices of things like good food increase in price they usually increase by the factor of 2 to 4 from level to level. For example, food at a family restaurant might cost $20 to 30 but once you go to a slightly classier restaurant then you should be expected to pay a good $20 to 60. This price jump is evident in products such as bags and shoes as well. Initially, you will enjoy the premium quality as a form of justification for the price spike but eventually, most people will find that some of this pricing is unacceptable in the long run.
Closing Thoughts
The moral of the story is don’t aim to be rich. If you happen to be rich or get rich, try to not focus so much on how much you have but instead care about how much you can help and bless others in your daily lives. I guess that would be the wisest way to utilize your wealth.
