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this post was submitted on 23 Jan 2024
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A millionaire and a billionaire? That's a huge difference. At this point, if someone is 55 and wants to retire at 68 and not be 70 and working at Walmart, they're going to need to be a "multi-"millionaire.
Idk, I'm much younger, and my retirement plan is the same as everyone else my age: walk into the woods when I'm ready or die in the water wars later when I'm not.
But I still feel bad for the elderly forced to work because a retirement home with medical support, i.e. assisted living, is too expensive and your kids can't help you because they're barely surviving too, and that's while working, and you can barely work, but assisted living is 4-12k/month, so you work and hope you die before you become a burden on your children and grandchildren.
Anyway. The difference between a millionaire and a billionaire is vast. One million seconds ago was last week.
One billion seconds ago was fucking 1991.
What's the difference between a million and a billion? About a billion.
The people you hang out with.
It says "multi-millionaire". I guess they don't mean the successful craftsman or engineer with his own crew who has a total wealth of 1 or 2 millions, but people in the 100+ million dollar range. That's at least how I understood it.
It's like comparing an 8.0 earthquake to a 9.0 earthquake. Millionaire, billionaire, that's the difference between
1945 8.1 British India, Makran Coast 15.0 X Between 300 and 4,000 people were killed. 1945 Balochistan earthquake November 28
and
2004 9.1 Indonesia, Sumatra offshore 30.0 IX This is the third largest earthquake in the world since 1900 and is the largest since the 1964 Alaska earthquake. In total, at least 227,898 people were killed, many more injured and 1,126,900 were displaced by the earthquake and subsequent tsunami in 14 countries in South Asia and East Africa. 2004 Indian Ocean earthquake December 26
and that's log 20, a lower order of magnitude than from a million to a billion
this makes sense right? Someone tell me this makes sense
I think they mean it's a 8.0 earthquake and a 80.0 earthquake.
No the richter scale is logarithmic. Adding one point actually multiplies the intensity by 10. (Well, roughly in this case, but it's a lot closer to 9 than to 80)
https://en.m.wikipedia.org/wiki/Richter_scale
But 1 million times 10 is… 10 million. You have to multiply it by 1000 to get 1 billion. It’s the difference between an 8 and an 11 on the Richter scale then, no?
Yes.. yes, you are right. Woops
It makes it way more insane doesn’t it? An 11 point earthquake is INSANELY strong.
so imagine adding 72 points
THAT'S SO MUCH WORSE!
Imho, a good visualisation for the difference between a million and a billion is in this Tom Scott video: https://www.youtube.com/watch?v=8YUWDrLazCg
Tbf when people say “multi-millionaire” they are often referring to people with over 100 million, not 2 or 3 or 5