{"id":6265,"date":"2023-01-18T04:00:00","date_gmt":"2023-01-18T11:00:00","guid":{"rendered":"https:\/\/milesearnandburn.com\/?p=6265"},"modified":"2024-02-08T14:02:32","modified_gmt":"2024-02-08T21:02:32","slug":"when-big-numbers-seem-small-but-arent","status":"publish","type":"post","link":"https:\/\/milesearnandburn.com\/index.php\/2023\/01\/18\/when-big-numbers-seem-small-but-arent\/","title":{"rendered":"When Big Numbers Seem Small (But Aren&#8217;t)"},"content":{"rendered":"<h4>Introduction<\/h4>\n<p>Manufactured spend typically does strange things to your perception of dollar values. Let\u2019s illustrate through some made-up internal monologues with corresponding made up numbers that you may encounter along your journey to mastery:<\/p>\n<p class=\"has-ek-indent\" style=\"--ek-indent: 20px;\"><em>[Newbie]<\/em>: $3,000 over three months for a sign-up bonus? <em>*Overwhelmed* <\/em>That\u2019s a lot!<\/p>\n<p class=\"has-ek-indent\" style=\"--ek-indent: 20px;\"><em>[Intermediate]:<\/em> $15,000 for a Business Platinum over three months? Shouldn\u2019t be an issue<\/p>\n<p class=\"has-ek-indent\" style=\"--ek-indent: 20px;\"><em>[Advanced]<\/em>: $50,000 for a Capital One Business card sign-up bonus? I can do that this week<\/p>\n<p class=\"has-ek-indent\" style=\"--ek-indent: 20px;\"><em>[Whale]<\/em>: $100,000 a day, every day for a month? \ud83e\udd0f<\/p>\n<p>Basically as you advance, bigger numbers don\u2019t look so big; a $35,000 ACH into your bank account looks like just another boring Wednesday.<\/p>\n<h4>The Deep Freeze<\/h4>\n<p>Of course it\u2019s all fun and games when profits go up and point balances explode, but something tends to happen to people that operate somewhere in the advanced \u2013 whale spectrum:<\/p>\n<ul>\n<li>Shutdowns<\/li>\n<li>Account freezes<\/li>\n<li><a class=\"ek-link\" href=\"https:\/\/www.thalesgroup.com\/en\/markets\/digital-identity-and-security\/banking-payment\/issuance\/id-verification\/know-your-customer\">KYC<\/a> calls<\/li>\n<\/ul>\n<p>When one of these events happens, you may find your $35,000 ACH held for up to six months, and your perception of the dollar amount will probably come crashing back to reality, <a class=\"ek-link\" href=\"https:\/\/spacenews.com\/virgin-orbit-blames-launch-failure-on-upper-stage-anomaly\/#:~:text=SEATTLE%20%E2%80%94%20Virgin%20Orbit%20says%20its,of%20the%20rocket's%20upper%20stage.\">like Virgin Orbit\u2019s LauncherOne mission<\/a>.<\/p>\n<h4>The Takeaway<\/h4>\n<p>Alright, let\u2019s get to the concrete, actionable content for the day:<\/p>\n<p>Make sure you\u2019ve got a plan in place for if and when your exploits come to a screeching halt, and don\u2019t ever put yourself into a position where a freeze of accounts at a particular bank or issuer will ruin you financially. Some common insurance policies for big spenders: Untapped HELOCs, margin loans at brokerages, balance transfer checks, manufactured float, and cash reserves.<\/p>\n<p>Happy Wednesday!<\/p>\n<div class=\"wp-block-image is-style-editorskit-rounded\">\n<figure class=\"aligncenter size-large is-resized\"><img decoding=\"async\" class=\"wp-image-6276\" src=\"https:\/\/milesearnandburn.com\/wp-content\/uploads\/2023\/01\/theranos-1024x682.webp\" sizes=\"(max-width: 1024px) 100vw, 1024px\" srcset=\"https:\/\/milesearnandburn.com\/wp-content\/uploads\/2023\/01\/theranos-1024x682.webp 1024w, https:\/\/milesearnandburn.com\/wp-content\/uploads\/2023\/01\/theranos-300x200.webp 300w, https:\/\/milesearnandburn.com\/wp-content\/uploads\/2023\/01\/theranos-768x512.webp 768w, https:\/\/milesearnandburn.com\/wp-content\/uploads\/2023\/01\/theranos-1320x880.webp 1320w, https:\/\/milesearnandburn.com\/wp-content\/uploads\/2023\/01\/theranos.webp 1400w\" alt=\"\" width=\"420\" \/><\/figure>\n<\/div>\n<p class=\"has-text-align-center\" style=\"font-size: 14px;\">Elizabeth Holmes says \u201c\ud83e\udd0f\u201d, and she turned out ok, right?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Introduction Manufactured spend typically does strange things to your perception of dollar values. Let\u2019s illustrate through some made-up internal monologues with corresponding made up numbers<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_editorskit_title_hidden":false,"_editorskit_reading_time":1,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","footnotes":""},"categories":[66,56],"tags":[],"class_list":["post-6265","post","type-post","status-publish","format-standard","hentry","category-scaling","category-wisdom"],"_links":{"self":[{"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/posts\/6265","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/comments?post=6265"}],"version-history":[{"count":7,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/posts\/6265\/revisions"}],"predecessor-version":[{"id":9147,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/posts\/6265\/revisions\/9147"}],"wp:attachment":[{"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/media?parent=6265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/categories?post=6265"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/milesearnandburn.com\/index.php\/wp-json\/wp\/v2\/tags?post=6265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}