What is money anyways?
May 16th, 2019 at 9:49:11 PM permalink | |
Evenbob Member since: Oct 24, 2012 Threads: 146 Posts: 25010 | This really hit it home to me. We all have a problem with proportion when it comes to large amounts of money. This a great example of understanding the difference between a million and a billion. If somebody paid you a dollar every second, $60 an minute, $3600 an hour, it would take you a little over 11 days to have a million dollars. Not bad. If they kept paying you a dollar a second, however, it would take you just over 30 YEARS to reach a billion. It's kind of mind blowing. It's why the super rich of the late 19th century looked down their noses at mere millionaires. If you take a risk, you may lose. If you never take a risk, you will always lose. |
May 17th, 2019 at 3:28:54 AM permalink | |
AZDuffman Member since: Oct 24, 2012 Threads: 135 Posts: 18136 |
Big numbers get very hard to grasp. If Michael is looking for ideas on his math videos I would suggest/request explaining this in some kind of practical way. Mark Cuban said anyone can become a millionaire, but to be a billionaire takes a bit of being in the right place with the right idea at the right time. If his idea was just 4 years earlier or later it would never have succeeded. 10^27 and 10^ 80 don't seem so far apart, do they? Just over three times as many "0s." The first is the number of atoms in your body. The second is atoms in the universe. Think on that! The President is a fink. |
May 17th, 2019 at 10:37:48 AM permalink | |
Evenbob Member since: Oct 24, 2012 Threads: 146 Posts: 25010 |
Figuring for inflation, the orig Rockefeller at his zenith was worth $450-$500 billion. They say he couldn't have spent it all if he tried. There are doubts anybody will ever be richer. If you take a risk, you may lose. If you never take a risk, you will always lose. |