$1000
I'm starting an exercise today. My friend Sally told me about it.
The exercise starts today with $1000. I give myself $1000 (virtually of course) and I have to spend it in whatever way I see fit. Tomorrow I'll give myself $2000, the next day $3000 all the way through for one year until, on the last day, I have to spend 365,000.
I'm trying to forget about the angst I'm feeling over the 1 year commitment so that I can just get on with the exercise. How about I just focus on right here right now and not worry about how I'm going to spend $65,000, $98,000 and eventually $237,000. Hey, look at that, 2 lessons learned already and I haven't even officially begun. Woo Hoo!
Okay, $1000.00. I kinda feel like a contestant on the Wheel of Fortune...ya know...back in the 80's when they had to spend their prize money right there on the show. They would pan the camera across the room and spend $2500 on a full size black porcelain panther.
Okay, anyway...$1000.00.
I have debt ranging in the thousands and have considered sending the entire grand into one of those bills. Doing this seems like the first small chip in the concrete of a jail cell...I know in 20 years time I'll have a gaping hole picked at behind the Farrah Fawcett poster in which I can crawl out of but that first tiny chip seems VERY insignificant.
Hmmmmmm, I've been having money woes of late and I'm feeling the need to be down right irresponsible.
Cedar Point tickets for me and 5 friends...that's about $180.00.
We'll pile into a rental car, a larger one that can seat 6 and head on down. Even though I've got this grand I'm still wanting to split everything right down the middle with my 6 compadres so I'm thinking car rental, gas, parking would total about...$35.00 for my share.
Food and beverage for the day...$30.00
This leaves me with $755 to go.
I'm noticing that I got what I wanted which was a fun day with my friends. I'm also noticing that I'm feeling a bit tuckered...that I "blew my wad" so to speak...I got my immediate satisfaction out of the big spending and don't really have an interest in the rest of the money. I'd be fine with throwing it to charity--however--I'm also noticing that giving it to charity, giving it away, spending it on others etc. seems much more appealing than putting it into my savings, investing in something for my future or throwing the rest of it at a bill of mine.
Spending it on something externally makes much more sense to me and seems to come more naturally than using it beneficially for myself.
Spending it, key word "spending" it on something for myself that is tangible and concrete and immediate sounds fine. It even sounds okay to invest it as long as I could instantly see the results, kinda like a cd that matures within seconds. But investing it, putting it into savings and waiting for long term results seems very foreign to me.
That seems to link right up there with my chip in the ol' prison wall analogy up above. Hmmmm, how interesting.
Okay, $755.00. I'm going to go down to my bank and put $500 towards a long term cd (I know so little about money that I don't even know if the term "long term cd" is real but for the sanity of this exercise, it's real). The remaining $255.00 will be put into a plain jane savings account.
Total spent, $1000.00
The exercise starts today with $1000. I give myself $1000 (virtually of course) and I have to spend it in whatever way I see fit. Tomorrow I'll give myself $2000, the next day $3000 all the way through for one year until, on the last day, I have to spend 365,000.
I'm trying to forget about the angst I'm feeling over the 1 year commitment so that I can just get on with the exercise. How about I just focus on right here right now and not worry about how I'm going to spend $65,000, $98,000 and eventually $237,000. Hey, look at that, 2 lessons learned already and I haven't even officially begun. Woo Hoo!
Okay, $1000.00. I kinda feel like a contestant on the Wheel of Fortune...ya know...back in the 80's when they had to spend their prize money right there on the show. They would pan the camera across the room and spend $2500 on a full size black porcelain panther.
Okay, anyway...$1000.00.
I have debt ranging in the thousands and have considered sending the entire grand into one of those bills. Doing this seems like the first small chip in the concrete of a jail cell...I know in 20 years time I'll have a gaping hole picked at behind the Farrah Fawcett poster in which I can crawl out of but that first tiny chip seems VERY insignificant.
Hmmmmmm, I've been having money woes of late and I'm feeling the need to be down right irresponsible.
Cedar Point tickets for me and 5 friends...that's about $180.00.
We'll pile into a rental car, a larger one that can seat 6 and head on down. Even though I've got this grand I'm still wanting to split everything right down the middle with my 6 compadres so I'm thinking car rental, gas, parking would total about...$35.00 for my share.
Food and beverage for the day...$30.00
This leaves me with $755 to go.
I'm noticing that I got what I wanted which was a fun day with my friends. I'm also noticing that I'm feeling a bit tuckered...that I "blew my wad" so to speak...I got my immediate satisfaction out of the big spending and don't really have an interest in the rest of the money. I'd be fine with throwing it to charity--however--I'm also noticing that giving it to charity, giving it away, spending it on others etc. seems much more appealing than putting it into my savings, investing in something for my future or throwing the rest of it at a bill of mine.
Spending it on something externally makes much more sense to me and seems to come more naturally than using it beneficially for myself.
Spending it, key word "spending" it on something for myself that is tangible and concrete and immediate sounds fine. It even sounds okay to invest it as long as I could instantly see the results, kinda like a cd that matures within seconds. But investing it, putting it into savings and waiting for long term results seems very foreign to me.
That seems to link right up there with my chip in the ol' prison wall analogy up above. Hmmmm, how interesting.
Okay, $755.00. I'm going to go down to my bank and put $500 towards a long term cd (I know so little about money that I don't even know if the term "long term cd" is real but for the sanity of this exercise, it's real). The remaining $255.00 will be put into a plain jane savings account.
Total spent, $1000.00
posted by Kepola at
12:53 PM
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