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Old 01-12-2007, 11:00 PM   #17 (permalink)
jkmuller
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Quote:
Originally Posted by Steve Pavlina View Post
If you wish to donate money to worthy causes, you'll do far more good if you start thinking in larger amounts. Don't stress over a potential $30 donation when you're capable of donating thousands. No charity will care what you spent on dinner when you hand them a five-figure check. I can't imagine being a millionaire and thinking of $30 as a generous donation -- I might as well donate a penny.

To haphazardly start spending more money in the hopes it will increase your wealth is foolish. The suggestion was to change how you feel about money to resonate with the level of wealth you want to achieve. To a millionaire a sum like $30 would be too insignificant to matter. Fussing over such amounts means you're thinking way too small. Start thinking 1000x bigger, and notice how it changes your outlook and your opportunities.
I agree that its vital to think bigger and change your outlook if you want to make more money or make a bigger difference. However, I think there are millionaires who would disagree that any amount of money is not "insignificant." Certainly, to many people in our world a small sum of $30 would make the difference between life and death. Warren Buffett realized that wasted money is a waste no matter how much it is. He also realized that every penny he spent from his company bershire hathaway would result in many dollars lost down the road. $30 invested with Berkshire when Warren took over would be $300,000 today.

I guess what is comes down to is that I don't agree with the need to devalue money to make the mental switch necessary to making large amounts of money. I don't really think that pretending $30 is worth as much as $1 will really do much good when it comes to finding more opportunities.
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