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Author Topic: Seriously, why would anyone want $20 Billion Dollars?  (Read 1515 times)
crypto_nd
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May 24, 2018, 09:53:42 PM
 #21

Guys, we are all so poor that our dreams don´t extend beyond "a few millions". There are things out there that are really cool and cost much more. Not that I know of many, but if you want to f*king cry go here

See... confortable middle class now looks terribly boring, don´t you think?
Ooh please even the most expensive is not even up to a billion dollar.
We talking of 20 billion here.
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May 24, 2018, 09:59:44 PM
 #22

Guys, we are all so poor that our dreams don´t extend beyond "a few millions". There are things out there that are really cool and cost much more. Not that I know of many, but if you want to f*king cry go here

See... confortable middle class now looks terribly boring, don´t you think?

Some of those look very affordable, like only an order of magnitude more than a house in a decent neighborhood. What's the catch? No high-speed internet? Commute 100 miles by boat? Island-owners association fees?

Stupid question: what stops your island being invaded?
On a more realistic point if your island is just off a country, the country gets taken over (say it's a hostile country) can your island be forfeited - I suppose this is the same as regular land.

Therefore, once you buy your island, you might need to employ guards or people to patrol it - unless you make a network of tunnels and just hide below the surface forever but that's not a great idea (you might end up stranded).

$72M isn't that bad for an island.
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May 24, 2018, 10:53:25 PM
 #23

Guys, we are all so poor that our dreams don´t extend beyond "a few millions". There are things out there that are really cool and cost much more. Not that I know of many, but if you want to f*king cry go here

See... confortable middle class now looks terribly boring, don´t you think?

Some of those look very affordable, like only an order of magnitude more than a house in a decent neighborhood. What's the catch? No high-speed internet? Commute 100 miles by boat? Island-owners association fees?

Stupid question: what stops your island being invaded?
On a more realistic point if your island is just off a country, the country gets taken over (say it's a hostile country) can your island be forfeited - I suppose this is the same as regular land.

Therefore, once you buy your island, you might need to employ guards or people to patrol it - unless you make a network of tunnels and just hide below the surface forever but that's not a great idea (you might end up stranded).

$72M isn't that bad for an island.

I would assume that despite being private it's still part of some country like a regular private plot of land in some suburb and not a sovereign entity. So I shouldn't need to have my own army. But it probably implies another catch: taxes, particularly property taxes.



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May 25, 2018, 03:18:52 AM
 #24

When substantial amount of money gets into the hands of a greedy person most people suffer. Society is such that some people may have to depend on others for survival(The sick,war-torn countries,Highly impoverished people etc). I believe anyone with a good heart should strive to have as much money as possible so that they can help other people in the aforementioned domain. Society develops and gets better when we help each other. 20 billion in the hands of a greedy man will be detrimental to society, but any good amount of money in the hands of a good person helps to reshape society greatly.
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May 25, 2018, 09:27:16 PM
 #25

Guys, we are all so poor that our dreams don´t extend beyond "a few millions". There are things out there that are really cool and cost much more. Not that I know of many, but if you want to f*king cry go here

See... confortable middle class now looks terribly boring, don´t you think?

Some of those look very affordable, like only an order of magnitude more than a house in a decent neighborhood. What's the catch? No high-speed internet? Commute 100 miles by boat? Island-owners association fees?

The affordable ones are in cold areas of Canada or in the middle of nowhere or you probably cannot build there... The cheapest one is like 250k or so...
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May 25, 2018, 09:28:53 PM
 #26

Guys, we are all so poor that our dreams don´t extend beyond "a few millions". There are things out there that are really cool and cost much more. Not that I know of many, but if you want to f*king cry go here

See... confortable middle class now looks terribly boring, don´t you think?

Some of those look very affordable, like only an order of magnitude more than a house in a decent neighborhood. What's the catch? No high-speed internet? Commute 100 miles by boat? Island-owners association fees?

Stupid question: what stops your island being invaded?
On a more realistic point if your island is just off a country, the country gets taken over (say it's a hostile country) can your island be forfeited - I suppose this is the same as regular land.

Therefore, once you buy your island, you might need to employ guards or people to patrol it - unless you make a network of tunnels and just hide below the surface forever but that's not a great idea (you might end up stranded).

$72M isn't that bad for an island.

I would assume that despite being private it's still part of some country like a regular private plot of land in some suburb and not a sovereign entity. So I shouldn't need to have my own army. But it probably implies another catch: taxes, particularly property taxes.





Yes of course, you own the island, but it is not your own country. If someone invades your Island in, lets say, Dubai, they are effectively breaking the law of Dubai.
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May 25, 2018, 09:33:18 PM
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 #27

Gentlemen, I suggest you look into the story of Hetty Green if you're not already familiar with her.  She basically lived the life of a miser, living in an old apartment in New Jersey whilst being one of the richest people on Wall Street.

Everything depends on your standard of living, and it's that standard that determines whether $5 billion or $5 million would be enough to live comfortably.  Some people just cannot stop spending money, and they buy the best of everything until they have nothing left.  Remember Ken Lay of Enron fame?  He was earning tens of millions of dollars A YEAR, and it still wasn't enough to support his lifestyle.

So yeah, for me $5 million would be waaaay more than enough to live like a pimp.  $20 bln would be overkill.
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May 25, 2018, 11:07:52 PM
 #28

Please help me understand the thoughts of people who actually want (for example) $20 Billion Dollars. Depending on where you live, wouldn't $5M be about enough?

"Poor man wanna be rich,
Rich man wanna be king,
And a king ain't satisfied,
'til he rules everything..." ~The Boss

Could you be happy (for example) in a comfortable middle-class life? In case you do not know, excess money can create related problems. Seriously, why would anyone want $20 Billion Dollars?

So I can buy 25% of all the BTC and hodl. Grin

Now  seriously, I think that it all depends on your social status and your character.
Average person doesn't need more than a paid off house and a retirement money on the side big enough for some decent life.
I mean we all need some small amount for our basic needs.
After "basic needs"- level comes the "security"-level money and "the final stage" is when you're losing your mind because you're doing stupid things and there's nobody to stop you. Something like Johnny Depp. He's not a billionaire but he's a good example. You don't need billions to lose yourself.
It's a thin line between rich, rich stupid and rich burnout. All of them have money but very few of them are truly happy.

Most of us think that when you have all the money in the world you can do anything and you'll live forever blah blah..
Yes, your appetites and needs grow when you have more money. Also your horizons broaden because you can afford the experiences that you couldn't before. But many lose their way because they can't control the bad habits. It's easy to became an addict when you have loads of money and no one to stop you. Everything is at the tip of your hands and that's the receipt for destruction. At that level only your character can save you. And if you have a good character you don't need billions, few mill would suffice and you'll live good enough. Being dirty rich isn't good for your health although you can afford the best healthcare. And one thing is interesting that when you have money you lose friends. The more money you get the less friends you have. Your true and honest friends get replaced by money hungry "persons". Also there's the security issues and the depression. Why would half of the rich dudes be depressed if they can afford anything?..

But what is the point then? Do we want money just so we can buy a house and a car, food, boose and spend the rest on some other stupid things? How much do we really need, a hundred, a mill or a bill?
I mentioned happiness earlier, isn't that the point of your existence?
To be happy and live a stress-free life.
Can money help with that? Yeah.
Can money destroy you and turn everyone around you to money hungry monsters? Yeah x2.
Billions destroy people. Money gives power and lots of money=lots of power. You can do ether good or bad with power and that depends on your character. And one more thing, money doesn't corrupt people, that's bull. If a person is bad it's bad even without the money but that comes into light when the first opportunity arises.

So be very careful with what you wish for cuz maybe, when you become a gazillionair, you'll find out that you're not such a good guy after all.
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May 26, 2018, 03:33:01 AM
 #29

Who else in this world don't want more money. I think we should be satisfied in what we have. As long as we are healthy, happy and always safe.
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May 26, 2018, 08:04:42 AM
 #30

For the mega wealthy I would guess it's not really about the lifestyle but rather the power and influence. At a certain point the money is just numbers because in reality 20 billion is too much for anyone. So then it comes down to power, influence and Ego. I think a lot of billionaires lose touch with the real world and also lose a lot of empathy in the process. Murdoch can go to a casino and drop 5 million on one hand of poker or roulette wheel (yes it happens)...thats just disgusting considering what good that money could do.

For many that kind of money or the path of getting to the point of having that kind of money turns you into an Ass@#le.
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May 26, 2018, 10:01:00 PM
 #31

Guys, we are all so poor that our dreams don´t extend beyond "a few millions". There are things out there that are really cool and cost much more. Not that I know of many, but if you want to f*king cry go here

See... confortable middle class now looks terribly boring, don´t you think?
Ooh please even the most expensive is not even up to a billion dollar.
We talking of 20 billion here.

I would love to have my own archipielago  Grin
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May 26, 2018, 10:03:09 PM
 #32

Gentlemen, I suggest you look into the story of Hetty Green if you're not already familiar with her.  She basically lived the life of a miser, living in an old apartment in New Jersey whilst being one of the richest people on Wall Street.

Everything depends on your standard of living, and it's that standard that determines whether $5 billion or $5 million would be enough to live comfortably.  Some people just cannot stop spending money, and they buy the best of everything until they have nothing left.  Remember Ken Lay of Enron fame?  He was earning tens of millions of dollars A YEAR, and it still wasn't enough to support his lifestyle.

So yeah, for me $5 million would be waaaay more than enough to live like a pimp.  $20 bln would be overkill.

That´s a famous case yes. Oh... some people just can´t avoid spending money. In my case, I just can avoid earning it  Grin Cool
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May 26, 2018, 10:04:59 PM
 #33

Please help me understand the thoughts of people who actually want (for example) $20 Billion Dollars. Depending on where you live, wouldn't $5M be about enough?


.....


So be very careful with what you wish for cuz maybe, when you become a gazillionair, you'll find out that you're not such a good guy after all.
I already know that I am not a "good guy", money would just make me even more happy of not being so.
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June 01, 2018, 01:46:55 PM
 #34

I've never understood the lack of imagination with people, perhaps that makes me weird. Most people think of money in terms of "me", what it can do for "my life". I on the other hand see huge problems in government, science, and society generally, problems that I could easily devote $20 billion to. Setting up private cancer research labs with my own management methodology would be a start. I'd appoint the leader of the research team as some esteemed scientist, however I'd act as an overseer of sorts to ensure efficiency was there. I believe efficiency is lacking everywhere - in research, corporations, and in governments. Efficiency cannot be lacking however in SMEs. In SME's, efficiency is necessary for survival.

In essence, I'd use $20 billion to bring the efficiency that entrepreneurs and stary-eyed visionaries have to huge, important, multi-billion dollar areas that urgently need it for the progression of our species. This wouldn't be an entire bleeding-heart altruistic thing either, I'd want to be selfishly rewarded for it in some way, but not too much either.  A balance between becoming a King and helping mankind could be struck. A benevolent dictator of sorts. Give me $20 trillion, and I could still use it. $20 billion isn't even the tip of the iceberg.

So, there is your answer from someone that wants $20 billion dollars.
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June 01, 2018, 02:19:15 PM
 #35

Gentlemen, I suggest you look into the story of Hetty Green if you're not already familiar with her.  She basically lived the life of a miser, living in an old apartment in New Jersey whilst being one of the richest people on Wall Street.

Everything depends on your standard of living, and it's that standard that determines whether $5 billion or $5 million would be enough to live comfortably.  Some people just cannot stop spending money, and they buy the best of everything until they have nothing left.  Remember Ken Lay of Enron fame?  He was earning tens of millions of dollars A YEAR, and it still wasn't enough to support his lifestyle.

So yeah, for me $5 million would be waaaay more than enough to live like a pimp.  $20 bln would be overkill.

That lady was a interesting read, thanks for posting that.  Mike Tyson blew  300million, but a lot of that was stolen from  him by his manager and financial advisors.

So many lottery winners go broke since the kind of people playing the lottery are usually not good with money or making smart decisions considering how low the odds are.

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June 02, 2018, 08:01:21 PM
 #36

It's called greed... Wanting such amounts of money serves only one purpose; feeding the Ego.
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June 05, 2018, 02:20:15 PM
 #37

First of all look at the amount of income you can get without touching the capitsl. Second you could of course use that money to do something good for an area or organisation. Imagine what Oxfam and the Red Cross could do with 10 billion dollars each ( or 100 million a year) how many water wells in Africa does that build?
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June 05, 2018, 11:56:52 PM
 #38

Please help me understand the thoughts of people who actually want (for example) $20 Billion Dollars. Depending on where you live, wouldn't $5M be about enough?

"Poor man wanna be rich,
Rich man wanna be king,
And a king ain't satisfied,
'til he rules everything..." ~The Boss

Could you be happy (for example) in a comfortable middle-class life? In case you do not know, excess money can create related problems. Seriously, why would anyone want $20 Billion Dollars?
That's not the whole idea.
You have 5 billion, is this the point where you have to stop? I was thinking like you years ago but I have changed my mind. Look, you did your best ans got it, you still have to expect much from life. Also there is psychological aspect here, danger of losing money. That's main idea what pushes you to earn more and more like nonstop. Then you'll ask, what about to give income over 5 billion to charity and etc. I would answer that person has to earn him/herself. The only way I agree charity is if it's used for education - yeah, that's the biggest investment for whole society.
On another hand it's very, very attractive and more wilder than gambling, being a billionare is achievement, very hard and less possible.
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June 13, 2018, 05:10:27 PM
 #39

Please help me understand the thoughts of people who actually want (for example) $20 Billion Dollars. Depending on where you live, wouldn't $5M be about enough?

"Poor man wanna be rich,
Rich man wanna be king,
And a king ain't satisfied,
'til he rules everything..." ~The Boss

Could you be happy (for example) in a comfortable middle-class life? In case you do not know, excess money can create related problems. Seriously, why would anyone want $20 Billion Dollars?
20 billion dollars-this is certainly a huge amount and most people on the planet do not know how and where to spend them for a lifetime, but in fact correctly wrote the author the richer the person so he greedy and the more his appetites grow. According to many studies, the ideal income on average is 95 thousand dollars per year per person. It is this amount that allows a person to feel wealthy. The feeling of emotional well-being comes after earning 60-75 thousand dollars a year. For a family, this figure can be much higher.
Interestingly, for residents of different countries and continents desired amount of annual income varies significantly. Thus, the total satisfaction with the life of Australians can be achieved with an annual income of 125 thousand dollars (7.2 million rubles). For residents of North America is the optimal amount of 105 thousand dollars (6 million rubles), for Europeans — an average of 100 thousand dollars (5.7 million rubles), for residents of Southeast Asia-70 thousand dollars (4 million rubles), for residents of Eastern Europe — 45 thousand dollars (2.5 million rubles), for Latin Americans — 35 thousand dollars per year per person (2 million rubles).
After reaching the optimal amount, priorities change: now people often compare themselves with other people, and increased desires often diverge from the limited opportunities. Also, do not forget that high income is associated with a greater workload and responsibility, and the time for rest becomes much less. So wherever you spend your money remember the main thing to always be a man and remember your loved ones.
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June 13, 2018, 08:38:11 PM
 #40

You know what, I've always wanted to be rich, and I'm sure many people here also want to be rich, but I think it's rare to find a person that has ever thought about wanting 20 billion dollars. That's such an extreme amount.
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