Originally Posted by Baltar
I don't think the ultimate point is to devalue money in any amount, but rather to force your brain to stop obsessing over small amounts (and also progressively increase what you consider to be small). I think a valid analogy would be that if you think a 5 kg weight is very heavy, it's going to be very hard for you to picture yourself lifting 50 kg weights. Steve takes it even further, suggesting that if you never get over thinking that 5 kg is heavy then you'll never get to a point where you're lifting 50 kg, because 5 kg will always remain heavy for you. That's my understanding of it.
That's exactly it. The idea is to raise your standards to think bigger. To do that you must stop thinking small. Small thoughts... or thoughts of small amounts... must be regarded as pointless and irrelevant, so you can shift more of your focus to big thoughts.
Ironically when I focused on the goal of earning $10K per month from this website, I found it very difficult. But when I starting thinking about how to earn $100K per month (my current monthly income goal), it forced me to think bigger, and I blew past $10K/month without hardly noticing it. If $100K is challenging, it makes $10K seem easy by comparison.
Partly I got this idea from a very wealthy person who said, "Anyone who thinks $10 million is a lot of money probably doesn't have what it takes to make $10 million." That quote gave me a lot of hints: 1) Some people don't consider $10 million a lot of money, 2) Those people are capable of making $10 million because it's a comfortable amount to them, and 3) I also earn an amount I'm comfortable with. Then I asked, "What would happen to my income if I became comfortable with larger amounts?"