What Would You Do With $100,000?
Monday, July 31st, 2006I recently watched a documentary on Showtime entitled “Reversal of Fortune“. The whole premise of the film was to ask a simple question. What would a homeless person do with $100,000 dollars? I found the idea of the film very fascinating and watched it with great enthusiasm.
After watching the film I felt sick. I sat and watched the hour long film with disgust. The person they picked at first seemed like a good guy who fell upon hard times. But as the film progressed it became obvious that the man had serious attitude problems that had more than likely brought him to homelessness.
When he first received the money, he was extremely happy and thankful. The first thing he did was buy a car for a young friend of his. A nice gesture, but not the way to start a new life. Next he went to a bar and got so drunk he could barely make it back to his hotel room. He went back to his mom’s house and got an apartment and a 35,000 dollar truck. Next, he bought a car for a girl he was trying to date. Within about 6 months, he was broke. He never got a job, invested a dime, or even put a little bit away in the bank. He spent the money like it was going to last forever. Before he knew he was getting the money, the producer asked him what one thing he would do for himself if he could afford it. His answer? To get his teeth fixed. He felt that having bad teeth was the cause of his whole problem. Little did he know that self defeating beliefs, bad habits, and lack of will power were his true enemy. By the way, he never did get his teeth fixed.
Now I want you to think about yourself. What would you do with 100,000 dollars? Would you save it all, pay off all your bills, invest it? More than likely you have already had 100,000 dollars pass through your bank account in the last 5 years. How much of that do you have left? I know it’s a not a fair question, but I’m only bringing it up to get you to think about it. We have an opportunity everyday to save money or spend money. Curbing spending is a great way to take control of your life.
At the end of the film the homeless man said something I found astonishing. To paraphrase he said, “It’s not easy having to deal with $100,000 dollars, it’s a lot of work. Everybody telling you what to do, and what to spend it on. I’d like to see what you’d do if you got $100,000 dollars.”
I was flabbergasted. Here this man had taken a gift of $100,000 and turned it into a problem. He also had a habit of blaming others for his problems. I watched situation after situation where he turned away good advice and made poor choices while blaming making those poor choices on his circumstances. His mind was not ready to accept the money, so it did the only thing it could do. It got rid of the money.
How does this apply to all of us? If you aren’t ready to grow into the person you have to be to accept the responsibility of more money, power, or influence, then you will eventually begin acting out in ways to remove yourself from your position. Humans cannot live incongruently for two long. If you think of yourself as poor, you will do everything to maintain that belief. The homeless man did. He made sure that within 6 months he was back in the same exact situation he was in before he got the money.
It’s been said that a lot of the people who receive inheritances or win the lottery end up being broke again within a matter of time. This is because they aren’t mentally ready to handle their new life. I challenge you today to change the way you think. If you’ve been thinking like a poor person, odds are you’re poor. Simply change your beliefs and you’ll begin to change your outcome. You can make as much money as you think you can. You can begin by controlling your thoughts because:
- Thoughts become actions, actions become habits, habits become lifestyle, and lifestyle becomes your destiny.
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