$25,000 vs $25,000,000
- Thread starter ViShawn
- Start date
MajesticLion
Superstar
I've seen videos from him before, they can be fairly good.
And with that said, he sometimes makes assumptions that lets you know he's never actually lived certain situations. At 2:34 when he mentions "...and saving up for maintenance and repairs"...
And with that said, he sometimes makes assumptions that lets you know he's never actually lived certain situations. At 2:34 when he mentions "...and saving up for maintenance and repairs"...
The factor of 1000?
Same for all the levels. Billion. Trillion. Quadrillion. All are a factor of 1000 greater.
Same for all the levels. Billion. Trillion. Quadrillion. All are a factor of 1000 greater.
Seoul Gleou
Veteran
Saw this yesterday. Amazing video
IIVI
Superstar
You can kind of get a sense of scale using 1 billion dollars.
$1 billion = you can waste $2,000 a day for 500,000 days (1,400 years) before you spend it all.
$1 million = that number is $2/day for 500,000 days.
You can live here for 14 lifetimes (100 years x 14) if you have a $1 billion dollars.
$1 million dollars will last about 1 year.
Now consider people have net worths of around $200 billion and we'll most likely see a trillionaire before we die.
Meanwhile many people get stretched when they spend $2,000 a month in rent/mortgage.
$1 billion = you can waste $2,000 a day for 500,000 days (1,400 years) before you spend it all.
$1 million = that number is $2/day for 500,000 days.
You can live here for 14 lifetimes (100 years x 14) if you have a $1 billion dollars.
$1 million dollars will last about 1 year.
Now consider people have net worths of around $200 billion and we'll most likely see a trillionaire before we die.
Meanwhile many people get stretched when they spend $2,000 a month in rent/mortgage.
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Watching the video made me realize how much I take Healthcare for granted. I can do a lot of preventative care and can handle an emergency relatively fast.
It's a different work when you make sub six figures
It's a different work when you make sub six figures
Insensitive
Superstar
While we're at it after I watched this, this morning, I watched this:
Feel this video in the depths of my soul.
Had to carry everyone on my back just so we didn't have to go back.
The video in the OP is humbling.
You can spend your ENTIRE LIFE working up to a couple million and there are
people who will not only make that in a single year but make that MULTIPLE TIMES.
Sometimes people don't even understand what it really means when you're talking
to someone who has reached that Demigod status of wealth. There is very little they
cannot experience on a whim when they have access to that much capital.
One thing I will say, I disagree on his stance about the six figure earner.
Housing is expensive (I would know! I'm still trying to get my condo as well!)
but while I'm living as I am, my rent is $1000 LESS THAN going out and getting a condo
immediately.
I can take that $1000 (and any other pre-tax money) and just invest it instead.
So I'm still gaining assets and moving away from being totally poor.
Once I get houses 2,3,4 etc. under contract, I may even continue to rent and focus
on a debt snow ball strategy instead.
That way, even if I wind up missing out on "Home ownership", I don't miss out on the benefits
of being a real estate investor (some I will lose due to my high income but others I get
to keep like loan amortization, property appreciation, monthly rental income etc.)
Wealth is something I spend a lot of time being concerned with so much of what's in
the video, I knew already but still it was pleasing to watch and I'm glad more people are becoming
aware of THE HUGE wealth disparity.
Feel this video in the depths of my soul.
Had to carry everyone on my back just so we didn't have to go back.
The video in the OP is humbling.
You can spend your ENTIRE LIFE working up to a couple million and there are
people who will not only make that in a single year but make that MULTIPLE TIMES.
Sometimes people don't even understand what it really means when you're talking
to someone who has reached that Demigod status of wealth. There is very little they
cannot experience on a whim when they have access to that much capital.
One thing I will say, I disagree on his stance about the six figure earner.
Housing is expensive (I would know! I'm still trying to get my condo as well!)
but while I'm living as I am, my rent is $1000 LESS THAN going out and getting a condo
immediately.
I can take that $1000 (and any other pre-tax money) and just invest it instead.
So I'm still gaining assets and moving away from being totally poor.
Once I get houses 2,3,4 etc. under contract, I may even continue to rent and focus
on a debt snow ball strategy instead.
That way, even if I wind up missing out on "Home ownership", I don't miss out on the benefits
of being a real estate investor (some I will lose due to my high income but others I get
to keep like loan amortization, property appreciation, monthly rental income etc.)
Wealth is something I spend a lot of time being concerned with so much of what's in
the video, I knew already but still it was pleasing to watch and I'm glad more people are becoming
aware of THE HUGE wealth disparity.
I've seen videos from him before, they can be fairly good.
And with that said, he sometimes makes assumptions that lets you know he's never actually lived certain situations. At 2:34 when he mentions "...and saving up for maintenance and repairs"...
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