Showerthoughts

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A "Showerthought" is a simple term used to describe the thoughts that pop into your head while you're doing everyday things like taking a shower, driving, or just daydreaming. A showerthought should offer a unique perspective on an ordinary part of life.

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If "more money=more problems," why doesn't "no money=no problems"? (lemmy.zip)

submitted 6 days ago by [email protected] to c/showerthoughts

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[–] [email protected] 2 points 5 days ago

The consequences increase.

You know the saying: "if you owe 100 to the bank, then you have a problem, but if you owe 1 000 000 to the bank, then the bank has a problem"

For a regular person, this translates into being able to pay off 100 by working hard, but owing 100 000 is a lot harder to work off, so they'll need alternative solutions, like selling the car.

Financially speaking it's the difference between a profit/loss statement and a balance sheet. Once you have enough money, P/L doesn't matter in comparison to the balance.

Someone like Elon Musk stating that he doesn't have any money to pay is playing on this. He's all balance and no profit.