Were we just kids or have times changed? - page 2.

JeromeTash

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Quote from: Accardo on November 09, 2022, 12:18:41 PM

Hitherto, $1m has a huge value for people in the USA same with Euro. Though, it depends on the nation. However, to some persons in the US or Europe a million dollar won't make any change in their lives. Monetary value changes as we grow. As a kid a few thousand is meant to look big as it'll solve your problems and purchase all the toys you like. As we grow we tend to like bigger toys like cars, yatch, bike etc which cost alot of money, upto millions. Change in time affects our needs and wants which affects how money is been valued.

Change of expectations as we grow a side, to be honest $1m in the 90s or early 2000s was way more valuable than the current $1m, and It was also way too hard to acquire. I think you will agree with me on that.

What we are seeing in real time is the effect of inflation, where money loses the buying power over time.

Doan9269

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Quote from: Queentoshi on November 09, 2022, 09:43:21 AM

My thoughts went back to the conversations we used to have amongst ourselves while we were kids about how just a million of our national currency could change our life and make us rich. Currently seeing how things are and how a million of your national currency will not be enough to change our economic situation completely and make us rich, were we just being kids then and didn't know much about the value of money, or have things become really bad and times changed that one million of our national currency does not have value as much as it used to have?

Let's try to understand that things seen afar were actually different from the reality we face the more we are getting closer, our childhood thoughts and expectations tend to change as we grow to discover many things weren't as we had thought they could be in real life, times might have also change because we are getting older each day and this bring to thebtact that we should expect our reasoning tendencies to also change alongside, but how we approach live in general after we have grown enough to identify the good frombthe bad now determines what we want to do by either contributing to the good ideas or watching them happen or get neglected by those things that needs our impact in life.

rat03gopoh

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I don't think that kids will aspire to be rich with a clear picture, so they won't think much about adult stuff even 1 billion national fiat money. Maybe they just want to spend the money on their short-lived pleasure, instead of thinking about keeping the wealth long term.

Children and adults have their own capacity to define "rich" and yep, it's a matter of time.

BariMade

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Currency devaluation is something that has been happening all the time, but one million dollars is still an astronomical amount for part of it. He can't achieve it with hard work, but it's all about fighting for life.

Savannah99

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A million in childhood is not the same as a million in thirty years. The things that a million people could buy when we were young can’t be bought now. Times are changing, development is getting faster and faster, and we are also changing. The things we want in our hearts are also increasing with our desires.

jrrsparkles

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Quote from: Queentoshi on November 09, 2022, 09:43:21 AM

My thoughts went back to the conversations we used to have amongst ourselves while we were kids about how just a million of our national currency could change our life and make us rich. Currently seeing how things are and how a million of your national currency will not be enough to change our economic situation completely and make us rich, were we just being kids then and didn't know much about the value of money, or have things become really bad and times changed that one million of our national currency does not have value as much as it used to have?

$1 Million dollar is still a huge milestone to reach but if we compare with a billion its nothing and so on, million dollar can still buy you a lot of things but if you're able to make a million then the next goal will be reaching 2 millions, 5 millions and keep climbing up. And yes the value depreciated a lot due to the inflation over years that is why we are here to see the revolution in the future monetary system which purely depends on demand and supply.

Majestic-milf

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Currency devaluation is something that pains everyone now. I remember the good old days where we were all content with the price of goods and services but at present, with inflation hitting the country left and right, even if #1m was given to someone, the money would not last anywhere.

In my country, the currency has lost so much value that financial institutions are running helter skelter, grasping at straws to at least resuscitate it to a stable state but to no avail.

Techkoy407

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Quote from: Queentoshi on November 09, 2022, 09:43:21 AM

My thoughts went back to the conversations we used to have amongst ourselves while we were kids about how just a million of our national currency could change our life and make us rich. Currently seeing how things are and how a million of your national currency will not be enough to change our economic situation completely and make us rich, were we just being kids then and didn't know much about the value of money, or have things become really bad and times changed that one million of our national currency does not have value as much as it used to have?

from my experience, it's because the value of the currency has decreased, and in my country, in the 90s-now the value of the currency has fallen very far, so your thoughts about money first, it may not be wrong, but the price of the currency continues to slumped, so I feel like that money costs very little.

coolcoinz

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I consider 100k EUR a life changing amount. It's enough to start a business or buy your own apartment. It's enough to get any education you want including pilot courses and such. 100k allows you to do what you want, with some limits, but we all have our small goals like we want to own a car, or a motorcycle, or a motor boat, or our own place, maybe have our own gym or a fitness studio, a workshop, have enough money to raise a child or travel around the world. Just 100k EUR allows you to do it. 1m is even better if you have that much, I don't think I'll ever have a million EUR at hand, especially not with what's going on with cryptocurrencies today.

Merit.s

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In England a million pounds is a huge amount of money at the same time it depends on who has the money. If a business guru is with some millions it is nothing to him but if a poor man or an average man is with a million it might be a huge sum.
In my country where inflation has devalued our currency a million is nothing big only a poor man will see it big. As we grow up fiat currency depreciates, imagine that we are talking about one million Bitcoin... Damn too much funds.
I remember then we are kids when we hear million its so big that we think you can get whatever you want with it or we just call you a rich man.

Kavelj22

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One million in any local currency would be a big number, unless you live in a country that suffers from record levels of inflation, such as Lebanon or Algeria.
But perhaps you are live in one of those countries whose societies do not differentiate between a thousand and a million. I know societies in North Africa that use the word million to express a thousand.

When we were kids, we didn't have big or many requests. Any small amount would be a fortune to us and able to make us happy. At that age, we did not think that we should pay the rent and equipment and spend the money on medicines.

Accardo

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Hitherto, $1m has a huge value for people in the USA same with Euro. Though, it depends on the nation. However, to some persons in the US or Europe a million dollar won't make any change in their lives. Monetary value changes as we grow. As a kid a few thousand is meant to look big as it'll solve your problems and purchase all the toys you like. As we grow we tend to like bigger toys like cars, yatch, bike etc which cost alot of money, upto millions. Change in time affects our needs and wants which affects how money is been valued.

Queentoshi

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My thoughts went back to the conversations we used to have amongst ourselves while we were kids about how just a million of our national currency could change our life and make us rich. Currently seeing how things are and how a million of your national currency will not be enough to change our economic situation completely and make us rich, were we just being kids then and didn't know much about the value of money, or have things become really bad and times changed that one million of our national currency does not have value as much as it used to have?

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