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Just a reminder if someone gave you $10,000 a day, youd be very rich and happy. Most certainly set for life.
And with that money alone it'd take 274 years to become a billionaire.
Nobody needs that.
Christ! This is a better description than the 'million seconds vs. billion seconds' one.
Even if you got $100,000 a day, every day, it'd take you 27 years to hit a billion with just that money. That's a working days of an 8 hour, hourly wage of 12,500 an hour. 27 years.
Billionaires need to stop being billionaires.
I can't even imagine how much easier life would be at ten grand a day. It's a baffling amount of money. And all we have is proof. Proof that more than that turns these people into something less relatable that an anonymous assassin that shot dead a health insurance company CEO.
Absolute madness.
And you will still never catch up to the billionaires of today because they use that money to make more money even faster than that.
Technically you could catch up.
Say, first month you spend all that money on stuff you've ever wanted. New car, new flat/house (mortgage will be super easy with $300k a month guaranteed income), etc.
Second month, you already have everything you immediately needed, and money left over, so you put all your daily income into investment accounts.
That is $3.3mil by the end of the year, not including interest - which would be around $69k (nice) given the much higher interest rates you get for high value accounts.
Mind you at this point the banks you use also change from regular high street names to banks catering for the actually rich. At a 3mil increase in net worth in a single year, you are now member of this club. You get a personal account handler, and much like the casinos in Vegas, the bank will keep throwing free shit your way just to keep you on as a customer.
That 69k interest is now spent on your mortgage and daily expenditure, so at the end of the year your account does stand at 3.3mil.
Another year goes by, and your interest increases by FIVE TIMES, to $320k, and your account now holds just shy of 7 million.
Let's say you get on with the rich life and spend a million, for a new, fancy flat, and a supercar, and some new clothes. Still, you're at 6 million.
Year 3? Your base is up to 10 million, plus 760k interest!
Year 5? Interest at 2.4mil, base at 18mil.
Year 10? Total interest at 10 million, base at 36 million.
Year 14? At this point, the interest you earn in a year is actually more than what you contribute, just a smidge over 3.4mil.
Year 20? 122 mil in your account, 72 of that you contributed, 50 is interest.
Year 30, and you're hitting 250mil, with "only" 108mil of that being your contribution.
Year 40? almost at half a billion!
Year 50 and you're reaching 750mil.
Year 55? You hit the billionaire landmark, with $1.008bn in your account.
Year 60? 1.3bn.
And mind you this is with a fixed interest rate account of 5%. In reality your investment vehicles would be anywhere between 20 to 40-50% a year, which could put you on the billionaire list in as little as ~15 years.
Reality is, the moment one can break out of the paycheck-to-paycheck living, and start saving up, without the hindrance of a sudden emergency spending, it's not that hard to get enough money to consider yourself rich. Problem is, breakin out of that cycle is being made extremely hard by those who've realised this loophole and don't want mere peasants like us in their fancy circles.
Even then, you wouldn't catch up because the billionaires would be doing the same thing, and probably be trillionaires by the time you make your first billion.
People really do underestimate what a single million can do for someone. They always sometimes say "I need 3 Million" or "I want to be a multi-millionaire!"
No you don't. A single million can guarantee a single individual 15 years rent-worry-free of a $2,000 a month spot of an apartment of their choice. That's $360,000 with lots of space. You can have 15 years of guaranteed full-fridge and cupboards of groceries with a total of $48,600, basing on the top average an American spends on groceries which is 270. You can have 15 years of guaranteed gas to fill your vehicle with, with the national average an American pays at the pump to fill a whole tank is $50, factoring how many times they have to do it a month and with 15 years it's a little over $270,000.
And with all of those example values combined, it would total $678,600 with so much room leftover to do whatever the fuck you want with the remnants.
That's why I solely believe that no singular individual should ever possess a gross amount of money. And that's what we're seeing, people making multi-millions and billions, some people are now about to cap and become trillionaires in the future. They don't even know what to fucking do with that amount except try and live big, acquire things to fuck them over at the expense of everyone and status, that's all it really has been about.
You aren't considering inflation which is about to go insane, and especially healthcare costs that become a much bigger deal in the years when you would come to rely on that million. A million is pretty much a bare bones retirement egg today.
I don't factor them in because I only stated examples.
If you're not moderate with money, it will never last, regardless of how much you have.
If you moderate your money wisely, it will last.