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

 It is currently 14 Feb 2016, 02:12

### 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

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

# Events & Promotions

###### Events & Promotions in June
Open Detailed Calendar

# When is enough money, enough?

Author Message
Senior Manager
Joined: 08 Feb 2007
Posts: 407
Followers: 4

Kudos [?]: 35 [0], given: 11

When is enough money, enough? [#permalink]  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? Manager Joined: 16 Mar 2010 Posts: 120 Location: Halifax, Canada Schools: Dalhousie School of Business (Corporate Residency MBA) Followers: 5 Kudos [?]: 36 [3] , given: 8 Re: When is enough money, enough? [#permalink] 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. Intern Affiliations: HLS Joined: 28 Mar 2010 Posts: 35 Followers: 0 Kudos [?]: 4 [2] , given: 4 Re: When is enough money, enough? [#permalink] 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 Manager Joined: 10 Aug 2009 Posts: 123 Followers: 3 Kudos [?]: 14 [1] , given: 13 Re: When is enough money, enough? [#permalink] 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. Senior Manager Joined: 21 Jul 2009 Posts: 366 Schools: LBS, INSEAD, IMD, ISB - Anything with just 1 yr program. Followers: 16 Kudos [?]: 130 [1] , given: 22 Re: When is enough money, enough? [#permalink] 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!!! Manager Joined: 14 Apr 2010 Posts: 72 Followers: 1 Kudos [?]: 9 [1] , given: 9 Re: When is enough money, enough? [#permalink] 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. VP Joined: 28 Feb 2008 Posts: 1323 Schools: Tuck Followers: 6 Kudos [?]: 122 [1] , given: 6 Re: When is enough money, enough? [#permalink] 06 May 2010, 16:27 1 This post received KUDOS For me the action is the juice. RF _________________ 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 Re: When is enough money, enough? [#permalink] 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.
_________________
Intern
Affiliations: HLS
Joined: 28 Mar 2010
Posts: 35
Followers: 0

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

Re: When is enough money, enough? [#permalink]  24 Jul 2010, 07:26
1
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
Manager
Joined: 21 Sep 2009
Posts: 163
Schools: Ross '13
Followers: 3

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

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

"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

_________________
Manager
Joined: 14 Mar 2010
Posts: 50
Followers: 0

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

Re: When is enough money, enough? [#permalink]  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
Joined: 08 Feb 2007
Posts: 407
Followers: 4

Kudos [?]: 35 [0], given: 11

Re: When is enough money, enough? [#permalink]  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
Joined: 15 Mar 2010
Posts: 9
Followers: 0

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

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

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

Re: When is enough money, enough? [#permalink]  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 Joined: 17 Jan 2010 Posts: 212 Schools: UCLA (Anderson) - Class of 2013 GMAT 1: Q V GMAT 2: Q V GMAT 3: 740 Q49 V41 Followers: 5 Kudos [?]: 51 [0], given: 21 Re: When is enough money, enough? [#permalink] 22 Mar 2010, 23:47 I value a stream of revenue more important than a lump sum... Inflation indexex 200k annually would be nice. _________________ Intern Joined: 04 May 2010 Posts: 5 Followers: 0 Kudos [?]: 0 [0], given: 0 Re: When is enough money, enough? [#permalink] 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 Joined: 27 Apr 2010 Posts: 118 Followers: 0 Kudos [?]: 48 [0], given: 61 Re: When is enough money, enough? [#permalink] 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) Senior Manager Joined: 08 Feb 2007 Posts: 407 Followers: 4 Kudos [?]: 35 [0], given: 11 Re: When is enough money, enough? [#permalink] 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: 22 Kudos [?]: 151 [0], given: 76 Re: When is enough money, enough? [#permalink] 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
Joined: 18 May 2010
Posts: 5
Followers: 0

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

Re: When is enough money, enough? [#permalink]  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

Go to page    1   2   3    Next  [ 50 posts ]

Similar topics Replies Last post
Similar
Topics:
1 Do you think your verbal is good enough ? 0 04 Oct 2011, 05:43
4 Enough of stress, lets spread happiness :) 7 06 Apr 2010, 12:27
1 Just enough MBA to be a programmer 2 21 Jul 2009, 20:41
Who makes big money? 5 10 Mar 2008, 15:23
Why \$70 Million Wasn't Enough 4 19 Aug 2007, 07:16
Display posts from previous: Sort by

# When is enough money, enough?

 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®.