What? You don't have multi-millionaires living in tents around your way?
What's the difference between 1Million and 1 Billion?
- Thread starter JeffKeryk
- Start date
If I had a Billion dollars, I'd buy a Billion dollars worth of those scratch-off-tickets. With that many, I would have to hit big on something.
Want a big number? Avagadro's number .... 6.02 x 10X23. Supposedly this is bigger than all the grains of sand on all the beaches in the world. But 12 grams of carbon in your hand has this many atoms.
If you liquidate the value in your home you should have some amount (the equity) to pay for rent. If you go from a high cost of living area to a low cost one it's possible to cash out and pay for the last few years of life. Or longer.
Of course, this is often wildly undesirable, unless if one has a too-large home and really has too much held in an asset that is no longer meeting their needs. Or is overwhelming them, or otherwise just too much. Usually people are rather happy to stay where they are, which would then fall into your assessment.
Yup...human mind did not evolve to truly understand really big numbers, really far distances, really fast speeds, etc. Now to contemplate how much larger 10^19 vs 10^20 vs 10^21 is or 10^50 vs 10^51 or 10^99 compared to 10^100 (a number that likely is greater than the total number of elementary particles in the known universe). I have a tiny appreciation at best but can't truly comprehend these numbers.
Million in hand means a $50k/year income for life and can adjust that with inflation if put into stock market.
Billion means $50m/ year income for life with adjust for inflation.
That assumes a draw of 5%and stock market average return (historically 10%/year)
In short intense difference.
Billion means $50m/ year income for life with adjust for inflation.
That assumes a draw of 5%and stock market average return (historically 10%/year)
In short intense difference.
This is why we are here. Not to see how much we can acquire, but to bless the lives of others. And yes, a benefit of doing so is the joy it brings us to see the happiness that we can bring someone else.
How can we relate this to the subject of million vs billion?
To put things in perspective, the population of Charlotte NC is a little under a million. The population of India is almost 1.5 billion.
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Generally folks who are billionaires (few) take a billion and hand over to have invested into foundation that gives out charity grants which equates out to 5-10% of that billion which is $50-$100m/year. I know someone who has that job ensuring money allocated well and process streamlined and also in charge of investing for a billion so it can sustain indefinitely .
Million dollars does not do that except likely some kids college / trade school scholarships. However it’s run by company managing these scholarships and yields maybe $10k-$30k per year .
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The biggest problem with the English language is the English themselves. They don’t even know what they’re doing with it and they invented it.
I find it intresting that IF the universe is infinite, and an object traveled for tens of billions of light years in one direction, that after all of that traveling, it would have traveled 0 % of that infinite universe.
Now that's saying something about what it could mean if the universe is infinite.
If the universe is infinite, and is expanding, then there has to be " stuff " far away that is moving away from us much much faster than the speed of light. And if this is so, perhaps the expanding is stranger than we think, ( has properties we don't grasp ).
Btw, the expansion, as far as I can comprehend it, also protects us from ultra deep space ultra deep time gravity forces that given even the slightest uneven distribution likley would tear our atoms apart, but can never act on us because space expanding prevents that gravity from ever reaching us. ( As far as I can figure it, re what's going on ).
This is especially so if the age of the universe is also infinite.
Now that's saying something about what it could mean if the universe is infinite.
If the universe is infinite, and is expanding, then there has to be " stuff " far away that is moving away from us much much faster than the speed of light. And if this is so, perhaps the expanding is stranger than we think, ( has properties we don't grasp ).
Btw, the expansion, as far as I can comprehend it, also protects us from ultra deep space ultra deep time gravity forces that given even the slightest uneven distribution likley would tear our atoms apart, but can never act on us because space expanding prevents that gravity from ever reaching us. ( As far as I can figure it, re what's going on ).
This is especially so if the age of the universe is also infinite.
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Obligatory...
Just might become the 1st trillionaire.
I've heard that a number of times - and thought of it when first seeing this thread.
To paraphrase Dave Barry, when travelling to foreign countries, you will encounter various language barriers. However, if you go to England, you will be pleasantly surprised to discover that many of the people there speak somewhat-understandable English.
With the approximately $22 per person $180B would actually yield, perhaps everyone could put down a deposit on a Cybertruck.
No it was quite true and used to be the case but over 50 years ago, I do remember it in my youth.
The UK officially adopted the 1000 million definition in 1974.
I wonder which entities would've been involved in adopting that definition.
The OED, a science and technology committee, one particularly vocal proponent?
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