Re:Confessions of an Overnight Millionaire
by bryanrasmussen on Monday April 12, 2021 @09:35AM
(#26779219)
>anyone's who lifetime earnings are going to be $1M could see that as a life changing amount.
I would define life changing as being able to have kids if you couldn't before, moving to a radically different environment than before, or being able to stop working if you were working before.
So probably it needs to double what you were expected to make without it.
Roughly 10 years ago when I first started in software development I was making ~$40k and thought I had made it and I'd be able to achieve everything I wanted on that amount assuming I just kept up with inflation.
Fast forward, I bought $500 of Basic Attention Tokens at $0.17 and after currency conversion it is over $5k. The money has 10x'ed but in the present I wouldn't describe it as life changing at all. The impact isn't notable at all to the point I'm like, either it goes to $0 or it goes to $50k to be "worthwhile".
It's all percentages. If the author's lifetime earnings were already going to be $5M than $200k might not seem like a life changing amount but anyone's who lifetime earnings are going to be $1M could see that as a life changing amount.