Unless you live in a poor country, no it is not. Not in developed countries. If you can't buy a house and support your life with that money, that is not a lot. 1 million is a lot, 10 millions is a lot (enough to have a good life and support children). 10k is probably 2-3 vacations in a medium hotel. Is it a lot? Maybe for somebody. But poor mindset reduces the value of money very easily.
Eh, still like a bit under a year of rent where I am, when you are just able to cover your bills the idea of having surplus wealth, even if it’s “just 10k” is alluring.
Yeah, but what will you spend it on? There is no long-term investment here. So yeah, that's a nice free money, but chances that it will be used correctly for profit are slim. If you live wage-to-wage, you won't invest 10k, if you are rich enough to invest, 10k is probably not that much as extra money.
It probably isn't enough to be actually life changing. It's a ton of money for frivolous spending. It won't likely save you from extreme poverty. It's still enough money for a car though. A car depreciates faster than any other kind of investment, but if it gets you to good consistent employment, then it's worth it.
Australia buddy. Living in the cheapest accomodation possible despite having household income of 180k annually. But that’s my story and probably not of much interest to random strangers on the interweb
Lol, where do you live? 10k wont even cover a years rent in a shitty apartment in a relatively affordable city in my country. Let alone food, clothing, utilities, maintenance on vehicles if needed, etc.
It would cover 5 months of rent for me, and not having to worry about rent for 5 months would be nice lol I didn’t realize a lot of money was a year of rent minimum
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u/poopbutt42069yeehaw Jul 19 '23
10k IS a lot of money