Introduction
It is the term I learned from "The 20 rules of money" 21:22 - 23:00/ 25:27. I like to apply one of rules big check syndrome to my case study: Personal finance analysis from 1999 to 2001, since I found out that over $100,000 net income from 1999 to 2001 is gone. Nothing left when I left USA to immigrate to Canada in 2010. It is best example to explain called big check syndrome.
Nothing left
It is true that nothing left for those $100,000 US dollars from 1999 to 2001. I only had the gift to my mom a condo and now its market value over $100,000 US dollars. My mom passed away last year, but I did not own anything based on the paper work. As a Christian, I also learn not to argue with my siblings if there is any dispute.
22:34/25:27
Would you rather give you a half million dollars or would you rather take an income stream, guaranteed, $100,000 over 20 years.
Let me tell you why the $100,000 allows you to do more. 22:58/25:27
23:05/25:27
See, this gives me the opportunity to have a stronger backing to make bigger decisions to get bigger doubles.
It's irrelevant if you don't know how to play the money game.
23:25
This [income] is a very, very important game, so don't get too crazy about big check syndrome. And all of a sudden fall for it and lose everything that you got because it can totally mess up your net worth and you work all the way back to your double.
The 20 rules of money, here is the article link with more detail.
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