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The Magic Bank Account

Discussion in 'Investor Psychology' started by Rixter, 30th Nov, 2015.

  1. Rixter

    Rixter Well-Known Member

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    The Magic Bank Account

    Imagine that you had won the following prize in a contest – a magic bank account.

    Each morning your generous bank would deposit $86,400 into your personal account, provided you adhere to the following competition rules:

    • Everything that you didn't spend during each day would be taken from you.

    • You can’t transfer money into another account – you can only spend it.

    • Each day, the magic bank account is refilled with another $86,400 for spending.

    • The bank can revoke the prize and end the game without warning by simply closing the account.

    If that happens, you can never win another prize – that’s it, game over.

    What would you do?

    You could buy anything and everything you wanted right? Not only for yourself, but for all the people you love and care for. Even for people you don't know, because you couldn't possibly spend it all on yourself…….could you?

    You would try to spend every dollar, and use it all, because you knew it would be replenished the next morning, right?

    Confession time – no bank is ever going to play a game with you like that. But you know, you are in this game right now………..and it is real!

    Each of us is already a winner of the prize. We just can't seem to see it.

    That prize……….. is time.

    • Each day you receive 86,400 seconds as a life gift.
    • When you go to sleep at night, any remaining time for that day is gone.
    • What you haven't used up that day is forever lost.
    • Yesterday is forever gone.
    • Each morning the account is refilled, but the your account can be terminated at any time, without any prior warning.........
    What will you do with your 86,400 seconds?

    Those seconds are worth so much more than the same amount in dollars. Think about it and remember to enjoy every second of your life, because time races by so much quicker than you think. Make every moment count. Start now, don’t wait, not even a minute.

    A last thought for you – Seize the day, then relax the grip a little, and enjoy it.


    Come across this before but still always great food for thought.
     
    Finrod, bez23, Fungus and 25 others like this.
  2. Xenia

    Xenia Adelaide Property Manager Business Member

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    I love this Rick - double likes from me if I can.
     
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  3. Greyghost

    Greyghost Well-Known Member

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    I like this Rick. Thanks

    What about the magic Tim-Tam packet?
     
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  4. Wall Street

    Wall Street Well-Known Member

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    I think my mind just exploded :eek:
     
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  5. EN710

    EN710 Well-Known Member

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    Need to spend at least 21,600 sleeping.

    Right now I'm spending the rest on work and stressing out on other stuff. Thank you for the reminder ;)
     
  6. Ace in the Hole

    Ace in the Hole Well-Known Member Premium Member

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    I heard something yesterday about an experiment that was done over 3 months where there was no access to a clock or any way to measure time.
    Because of this, all the people who were part of this experiment only slept an average of 4.5 hours a day.
     
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  7. EN710

    EN710 Well-Known Member

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    Did these people also need to do work during the experiment?
     
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  8. blackenator

    blackenator Well-Known Member

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    what an awesome post thanks Rixter !
     
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  9. Jeah_

    Jeah_ Well-Known Member

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    Indeed. Today is the youngest you will ever be for the rest of your life. Don't waste tomorrow.
     
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  10. Bayview

    Bayview Well-Known Member

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    The problem with these sorts of psychology posts is they make you feel guilty that you are sitting around doing bugger-all...like; unless you are doing something constructive with every second you are wasting time and being lazy/unproductive.

    SHUT UP, WILL YA'S? :p

    FWIW - I think they are wasted on this forum; everyone here is an over-achiever and a doer.
     
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  11. MTR

    MTR Well-Known Member Premium Member

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    Great post Rixter.
    Make the most of life
     
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  12. Omnidragon

    Omnidragon Well-Known Member

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    I enjoy sleeping.
     
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  13. Redwing

    Redwing Well-Known Member

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    Here's a popular video version also

     
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  14. Azazel

    Azazel Well-Known Member

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    I'm sleeping right now.
     
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  15. Ben Wilkie

    Ben Wilkie Member

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    .

    Um :/
     
  16. datto

    datto Well-Known Member

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    I'm a little disappointed Rick.

    First we're talking about money then it's all about time and how valuable it is.

    I'm gonna go and watch a few more hours of television thanks.
     
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  17. Miss Monopoly

    Miss Monopoly Member

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    Thanks Rixter !

    I have been especially thinking about my life and how little time we really have as we will be losing a loved one shortly and this really does change the way I look at each day.

    What a great way to explain the gift of time. If you had $86400 to spend every day you would make sure you spent every bit of it that you could but when it comes to time sometimes we may take it for granted and not realise what a gift time really is.
     
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  18. Redwing

    Redwing Well-Known Member

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  19. Tim86

    Tim86 Well-Known Member

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    After a year I would get sick of spending the money.
     
  20. Ace in the Hole

    Ace in the Hole Well-Known Member Premium Member

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    I'd just keep buying gold with the surplus every day, so when the bank account suddenly gets stopped one day, cash in the gold when required.