How Much Money Do You Need to Change a Life?

The Baglady
So my hubby and I just finished watching Beauty and the Geek Season 4. This is one of my guilty pleasure shows and it's about a bunch of socially inept geeks and a crowd of gorgeous people working together to change themselves. The winners are supposed to be the couple that went through the largest transformation. This season one of my husband's college classmates was on it. At first he would laugh at me when I watch the show and then he saw the lone female geek Nicole Morgan and said, "wait a minute, she looks like my friend Niky". Then I looked up her bio and indeed she really is my hubby's former classmate. It was quite amusing when he pulled out his Caltech yearbook and found Nicole's picture and then commented, "they made her geekier looking for the show." Since then he has rooted for Nicole to win, but unfortunate the final winner was determined by a vote and I think Nicole's partner Sam was not very popular with the voting audiences so they lost as a team. The prize is $250,000 split between a couple, and as the host announced the prize he said, "a couple's life is about to change!" My hubby and I both said along the lines of, "that's not enough money to change their lives!" So after the show I thought about how much money people would need to change their lives. I thought about the events that defined the state of my life, and perhaps I was wrong to say that half of $250,000 can't change someone's life. Here are some ways someone's life could change and their associated costs.

1. Get an education -- $125,000 is enough for someone to go to college and get a degree that propels them into a good career. Or it could be used for a professional degree or vocational training that could be used to start a new life.

2. Pay off debts -- I think $125,000 can make a big dent in most people's debt. I truly believe that being free of debt that continually drains you is a good thing that can change people's lives.

3. Get married -- Previously, I wrote about how much a wedding costs these days. Nevertheless I think it's important to have a wedding without going into debt. Marriage is absolutely life changing.

4. Have a child -- One of my friend is pregnant right now and another one had a baby about 1.5 years ago. The process of raising a child could cost up to a million dollars, but every mommy I have met say that having a child changed their perspective on life.

5. Donate -- I sincerely hope that donating a bit of money or items every month or year changes someone's life out there. A small donation of $20 can buy a flock of chicks for a family in need and feed malnourished children. It really doesn't take much to change someone's life by giving.

Everyone's circumstance is different, but the important thing to remember is how we use our money. We don't necessarily need millions to change our lives, but we need to be open to change and be willing to direct our resources towards improving our lives. I hope the winners of Beauty and the Geek will use their windfall wisely, and truly change themselves and the world.

Published by The Baglady

Hi, I'm a young software engineer living in the Silicon Valley. I like to write about personal finance and money management, and other random things in my life. The articles on Associated Content are some se...  View profile

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  • Jackie1/8/2012

    If I won that kind of money my wife and I could pay everyone we owe and then move to Saint
    Johnsbury Vermont. I then could get my wife better medical attention who is dying from Liver
    disease. When you say $125,000 would be life changing that is the truth but in our case it would
    be more like Life Saving. To some people that kind of money isn't life changing but to my wife and
    I it is. I lost my job 6 months ago and haven't been able to secure a job of course I am 58 years
    old and People don't want to hire someone who has one foot in the grave so to speak anyway
    Ive gone through what savings I did have and my wife I are about to become homeless and there
    isn't anything we can do but watch It happen. I would like to win a million dollars but I would be
    happy with $125,000. I just want to keep my dear wife alive and this would help me. I just want
    to say one last thing I known there are a lot of people in this country in my situation or worse
    and I pray to God that he will help them.

  • Deanna Lynn Sletten4/6/2009

    Good article. I think $125,000 would change a lot of people's lives, but of course about 35% of it will go to taxes first. Any extra money is great though, even if it isn't life changing. :)

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