Find all School-related info fast with the new School-Specific MBA Forum

It is currently 18 Apr 2014, 00:21

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

When is enough money, enough?

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
Senior Manager
Senior Manager
Joined: 08 Feb 2007
Posts: 407
Followers: 3

Kudos [?]: 33 [0], given: 11

GMAT Tests User
When is enough money, enough? [#permalink] New post 13 Mar 2010, 01:57
I figure I'll be happy with US$10 million cash (excluding a house and maybe 2 cars). Don't think I'll need more than that to have a decent life.

Howabout you? How much would you say is enough to make you happy and satisfied?
3 KUDOS received
Manager
Manager
Joined: 16 Mar 2010
Posts: 120
Location: Halifax, Canada
Schools: Dalhousie School of Business (Corporate Residency MBA)
Followers: 5

Kudos [?]: 34 [3] , given: 8

Re: When is enough money, enough? [#permalink] New post 24 Mar 2010, 10:11
3
This post received
KUDOS
It depends on where you are in life I guess.

Right now, my next financial goal is to live in a place with a dishwasher ;) . Following that is to be able to be debt free before or very near graduation.
_________________

I'm a current Corporate Residency MBA student at Dalhousie University (Nova Scotia, Canada).
This account is to help spread the word about this unique program, as well as to help provide a student perspective for MBA applications and GMAT experiences.

Every week I publish a blog about life in the CRMBA by interviewing current students. Find us on Twitter and Facebook, or post any questions/comments/concerns in this thread here on gmatclub.com

Highlights of the program include:

Specifically designed by Corporations/Employers, No work experience necessary, 8-month paid corporate residency, Grades/GMAT score not the main focus for admittance

2 KUDOS received
Intern
Intern
Affiliations: HLS
Joined: 28 Mar 2010
Posts: 35
Followers: 0

Kudos [?]: 4 [2] , given: 4

Re: When is enough money, enough? [#permalink] New post 23 Jul 2010, 02:32
2
This post received
KUDOS
Hi, I want to live in a place that has consistent heating because I really like my bacon cooked well. i get upset stomache if i eat bacon cooked rare and it does not make conducive environment for me to study for the gmat because i have to use the restroom during the CAT, which has no time stopper. I have given the two GMAT CAT exams 11 tries and finished only once
1 KUDOS received
Manager
Manager
Joined: 10 Aug 2009
Posts: 123
Followers: 3

Kudos [?]: 11 [1] , given: 13

Re: When is enough money, enough? [#permalink] New post 14 Mar 2010, 13:23
1
This post received
KUDOS
Money by itself wouldn't make me completely happy, I'd much rather see my hard work pay off.
1 KUDOS received
Senior Manager
Senior Manager
User avatar
Joined: 21 Jul 2009
Posts: 368
Schools: LBS, INSEAD, IMD, ISB - Anything with just 1 yr program.
Followers: 14

Kudos [?]: 92 [1] , given: 22

GMAT Tests User
Re: When is enough money, enough? [#permalink] New post 14 Mar 2010, 14:03
1
This post received
KUDOS
I wanna earn so much as to live a life just like the real Barney!!! Chicks, suits, gadgets and lots of booze!!!
_________________

I am AWESOME and it's gonna be LEGENDARY!!!

1 KUDOS received
Manager
Manager
Joined: 14 Apr 2010
Posts: 72
Followers: 1

Kudos [?]: 7 [1] , given: 9

GMAT Tests User
Re: When is enough money, enough? [#permalink] New post 06 May 2010, 07:41
1
This post received
KUDOS
Here's an interesting segment on certain lottery winners that met unfortunate fates:

http://www.businessinsider.com/10-lotte ... all-2010-5

For me, I'd still take as much as I can get.
1 KUDOS received
VP
VP
User avatar
Joined: 28 Feb 2008
Posts: 1323
Schools: Tuck
Followers: 6

Kudos [?]: 112 [1] , given: 6

GMAT Tests User
Re: When is enough money, enough? [#permalink] New post 06 May 2010, 16:27
1
This post received
KUDOS
For me the action is the juice.

RF
1 KUDOS received
Current Student
Joined: 10 Nov 2009
Posts: 248
Schools: Emory 2012
WE 1: 1 yr proprietary trading
WE 2: 2 yrs global ibank in municipal derivatives
Followers: 6

Kudos [?]: 49 [1] , given: 11

GMAT Tests User Reviews Badge
Re: When is enough money, enough? [#permalink] New post 06 May 2010, 20:54
1
This post received
KUDOS
I want to buy the Mets and be their GM. I guess, a few nice cars, a house or two, a private plane and a stable of horses would be nice. So... $2.5 Billion should just about cover it (figure the mets will cost more when I can afford them - maybe they'll win a few more games and they'll pay off the stadium). After that, I guess the rest goes to charities.

Truth is, it's not so much the money that drives me, it's all the fun things you can do with the money.
_________________

http://www.mbavolunteers.org - check it out

1 KUDOS received
Intern
Intern
Affiliations: HLS
Joined: 28 Mar 2010
Posts: 35
Followers: 0

Kudos [?]: 4 [1] , given: 4

Re: When is enough money, enough? [#permalink] New post 24 Jul 2010, 07:26
1
This post received
KUDOS
dalmba wrote:
It depends on where you are in life I guess.

Right now, my next financial goal is to live in a place with a dishwasher ;) . Following that is to be able to be debt free before or very near graduation.


Hey i about i make an MBA-level executive offer: i do your dishes for a pay lower than a dishwasher

what do you say
1 KUDOS received
Manager
Manager
Joined: 21 Sep 2009
Posts: 163
Schools: Ross '13
Followers: 3

Kudos [?]: 16 [1] , given: 4

Re: When is enough money, enough? [#permalink] New post 02 Aug 2010, 09:17
1
This post received
KUDOS
here's a good benchmark for what constitutes "enough" :lol:

"A NetJets pilot recalls flying a passenger from Denver to L.A. for a haircut, and then returning him to Denver. The passenger was a poodle. The flights cost $32,000. "

- enough $$$ that your dog flies private :lol: :lol: :lol:

full article here: http://money.cnn.com/2010/07/29/news/co ... sokol_full
_________________

My profile

Manager
Manager
User avatar
Joined: 14 Mar 2010
Posts: 50
Followers: 0

Kudos [?]: 4 [0], given: 0

Re: When is enough money, enough? [#permalink] New post 14 Mar 2010, 16:12
Some lottery winners hate their lives because they were raised to be always striving for money as their life goal. Now that they have earned money, their life direction evaporates.

Being a lottery winner is not so great.
Senior Manager
Senior Manager
Joined: 08 Feb 2007
Posts: 407
Followers: 3

Kudos [?]: 33 [0], given: 11

GMAT Tests User
Re: When is enough money, enough? [#permalink] New post 14 Mar 2010, 18:01
Sure you'll rather see your hard work pay off, but how much would you like to be paid for your hard work?

Somebody once said that he could never earn enough money, but I'm pretty sure that for the rest of the world - there would be some point of satisfaction where you stopped caring about how much you earned?
Intern
Intern
Joined: 15 Mar 2010
Posts: 9
Followers: 0

Kudos [?]: 0 [0], given: 0

Re: When is enough money, enough? [#permalink] New post 18 Mar 2010, 11:57
Happiness is the answer! Money enough for food, shelter. The rest is icing on the cake.
Intern
Intern
Joined: 22 Mar 2010
Posts: 5
Followers: 0

Kudos [?]: 1 [0], given: 0

Re: When is enough money, enough? [#permalink] New post 22 Mar 2010, 05:12
I always did the calculation that I would need $21MM in one lump sum.

I did the math and figured it out on the back of napkin a few years ago.
Manager
Manager
User avatar
Joined: 17 Jan 2010
Posts: 211
Schools: UCLA (Anderson) - Class of 2013
GMAT 1: Q V
GMAT 2: Q V
GMAT 3: 740 Q49 V41
Followers: 5

Kudos [?]: 46 [0], given: 21

GMAT Tests User
Re: When is enough money, enough? [#permalink] New post 22 Mar 2010, 23:47
I value a stream of revenue more important than a lump sum... Inflation indexex 200k annually would be nice. :)
_________________

GMAT Debrief

Intern
Intern
User avatar
Joined: 04 May 2010
Posts: 5
Followers: 0

Kudos [?]: 0 [0], given: 0

Re: When is enough money, enough? [#permalink] New post 05 May 2010, 07:05
I guess for me, "enough," would be I could afford a comfortable, standard 3-2-2 house in a decent neighborhood, two reliable cars (make and model don't mater to me. I actually like Kia.), enough food to eat, and a small amount of entertainment. I actually laugh at those people who buy the big, expensive houses and then don't have much time to spend in them.
Manager
Manager
User avatar
Joined: 27 Apr 2010
Posts: 106
Followers: 0

Kudos [?]: 10 [0], given: 23

GMAT ToolKit User GMAT Tests User
Re: When is enough money, enough? [#permalink] New post 06 May 2010, 01:10
i've actually discussed this with my friends and I think 10 million is enough.

with the amount given, I would actually invest a percentage, help out family, and buy myself some stuff. None of the stuff that I was planning on buying was luxurious (although the cars might be)
_________________

GOAL: 7xx

Senior Manager
Senior Manager
Joined: 08 Feb 2007
Posts: 407
Followers: 3

Kudos [?]: 33 [0], given: 11

GMAT Tests User
Re: When is enough money, enough? [#permalink] New post 07 May 2010, 00:15
Wasting money puts you in a real party mood. - Andy Warhol

;)
BSchool Thread Master
Joined: 19 Feb 2010
Posts: 401
Followers: 18

Kudos [?]: 111 [0], given: 76

GMAT Tests User
Re: When is enough money, enough? [#permalink] New post 19 May 2010, 21:03
adcxaway wrote:
I figure I'll be happy with US$10 million cash (excluding a house and maybe 2 cars). Don't think I'll need more than that to have a decent life.

Howabout you? How much would you say is enough to make you happy and satisfied?


Well, it really depends what your perception of your needs is, and what do you consider a decent life to be.
About being happy and satisfied, you don't really need money for that. There's plenty of happy people that are poor, and really poor.

I think the old concept of being content with whatever you have is quite powerful and wise.
Maybe you will find yourself with 10M and suddenly realize that is not enough. Then what? Keep running like those little mice spinning the wheel, until you die? You can't call that life. I've seen many ambitious people get to the level they first were dreaming about, and saying that now they want more. And then more, and more, and more. You really need to put the focus on other things. Money by itself will not bring you happiness and satisfaction.
Intern
Intern
Joined: 18 May 2010
Posts: 5
Followers: 0

Kudos [?]: 0 [0], given: 0

Re: When is enough money, enough? [#permalink] New post 22 May 2010, 07:30
Quote:
Well, it really depends what your perception of your needs is, and what do you consider a decent life to be.


Yes, your right... if you want a simple life so you don't need such a big money...
Re: When is enough money, enough?   [#permalink] 22 May 2010, 07:30
    Similar topics Author Replies Last post
Similar
Topics:
New posts 650 enough? aladdin 4 14 Jan 2005, 03:51
New posts Enough materials? Puilunchristin 6 24 Sep 2005, 12:30
New posts A company has enough money to buy five different colour kevincan 1 09 Jul 2006, 03:35
New posts In at Katz(Pittsburgh) Not going-not enough money jamesrwright3 2 19 Dec 2006, 07:26
New posts DS - assumption? When is it not enough? AlbertNTN 2 14 Mar 2008, 00:37
Display posts from previous: Sort by

When is enough money, enough?

  Question banks Downloads My Bookmarks Reviews Important topics  

Go to page    1   2   3    Next  [ 50 posts ] 



GMAT Club MBA Forum Home| About| Privacy Policy| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.