Some may consider its worth is less than its monetary value. Ever heard of a story of Bill Gates wouldn’t pick up a hundred-dollar bill on the ground because he makes well over $100 just standing there breathing?
According to a calculation made by Business Insider, Gates makes approximately $4,630 per second.
Well. How much money do I make just standing while breathing?
Less than a cent.
I lied. I spend money on breathing.
Every breath I take costs me.
Sometimes I spend $30 on a yoga class to buy a deep breath.
Depressed yet?
My savings account a.k.a my extended checking account doesn’t really save. It only writes virtual checks to everyone except me.
My bank? They make millions upon millions while I might earn 0.5% on a good year if I am patient to keep my money in that account.
Did I think that I was on top of everyone’s head for milking those credit card signup bonuses and 5% back spending categories for numerous flights and free hotel stays?
Yes, but it doesn’t change the fact that I don’t earn a cent while simply existing.
Yes, it is much better to get 2–5% back rather than paying with cash and you get 0% back. But let us face it: the credit card “rewards” are a trap in its essence. It forces you to SPEND not build up your wealth.
It tricks to make you FEEL that you are financially smart but it does not address the core issue here.
IN 10 YEARS,
The 2016 Macbook Pro that I am using to write this post won’t worth a penny. No one will have any desire to take my 55' Samsung TV for free. The same goes with all my mid-century modern furniture and everything I own.
However, what about that penny sitting in my piggy bank for the last 10 years? It is still a cent. **oh shut up about the inflation calculation
It is something.
It could be something more.
WHAT IF game
I think stagnation is the biggest sin in the world. We should strive to move forward or at least make an attempt.
My money should be the same. It shouldn’t just sit in my “savings” account. They shouldn’t be so ready to go to someone else’s pocket.
It should be improving. It should attempt to increase its value.
My one penny should strive to be 1.01 cents tomorrow and $1 in 6 months or a year.
100x its value? Is it possible?
Well. My one penny should TRY.
Let us indulge in ourselves with “What if”
As of today (6.7.2021), AMC Entertainment Holdings Inc stock is priced at $55.00
What was $AMC priced a month ago?
$9.74
What if I invested my $0.01 in $AMC a month ago, today it would’ve been nearly $0.05
What if I invested 6-months ago?
It would’ve been up 1,281.91% which would make my $0.01 into $0.13.
That is a nice WHAT IF.
We can get into even crazier WHAT IFs with $GME or $DOGE
But let’s get real. $AMC $GME and $DOGE were extremely bullish cases with lots of drama.
What about the market as a whole? WHAT IF I invested $0.01 in total index funds like $VOO?
VOO is a Vanguard S&P 500 ETF priced at $388.17 today
A month ago: $384.23
A small gain of 1.03%
6-month ago: $340.16
A nice gain of 14.11%
$VOO was priced at $295.06 a year ago so a nice gain of 30.62%
We can get into different cases of WHAT IFs with other stocks, crypto-currencies, real estate, private investment, etc.
What I am saying is that those coins underneath your sofa seats should be working for you 24/7
Do not let that 2%, 5% cash backs remain the same. Give them a chance to be 100%
Is your penny in the piggy bank from 10 years ago still a 1 cent?
I would like to be at Bill Gates’ level where I don’t even consider $100 worth picking off of the ground.
But right now, I will gladly pick up a penny and throw it in the market to see it grow for the next 10 years.
