I tend to be very desensitized to big numbers. Being in the information worker world, I see news about millionaires and billionaires all the time in the tech news. In the Pacific NW there are some very popular Microsoft multi-billionaires. One guy in California is making electric cars. One really old one lives in the midwest and loves Cherry Coke and cheeseburgers.
I wanted to sit down with paper and pen and really experience as much as I can, what a billion dollars really means with simple math.
Let's say a person makes a very good living making $100,000 per year.
In 10yrs, they will have:
10yrs x $100,000 = $1,000,000. That's a million bucks, or $1M for short. That's PRETTY DARN GOOD if you ask me.
Let's keep going.
100yrs x $100,000 = $10,000,000 = $10M
1000yrs x $100,000 = $100,000,000 = $100M
At this point, you and I will never live for a thousand years. But you have to go one step further to get the magic 'B'.
10,000yrs x $100,000 = $1,000,000,000 = $1B
There's the magic number! Ten thousand years of working full time, paying no taxes, buying no food, no home, no clothes, no nothing. Just working and saving every penny of your $100k salary for ten thousand years straight and you can be a billionaire.
Like they say in the infomercials, BUT WAIT, there's more.
We might be able to witness history soon with Apple, Inc. (NASDAQ: AAPL) becoming the first company with a market cap of $1T. A trillion bucks. You don't hear about trillion dollar silicon valley deals yet.
So let's continue that journey to $1T.
100,000yrs x $100,000 = $10,000,000,000 = $10B (lots of folks have this much in the world. it's really not a big deal at all.)
1,000,000yrs x $100,000 = $100,000,000,000 = $100B (there are a slew of companies worth this much, so again, not a big deal at all.)
10,000,000yrs x $100,000 = $1,000,000,000,000 = $1T. Finally! The big 'T'!!
It only takes 10 million years at our very good salary to get there.
What are you thinking about right now?
My name is Dae Yu.