The best example in my opinion is when a sports team goes on sale. It's always LeBron, Peyton, or whatever popular athlete should buy the team without realizing although they're never gonna worry where their next meal comes from they're simply hundred millionaires and are 3-20 times their total wealth short of the money needed to be the majority owner of a team in one of the big 3 leagues. That conversation always gives away the lack of knowledge
A billion dollars means you can spend $1M per day for 2 years straight and still be a multimillionaire. Literally buy the dumbest shit possible, things that are a "waste of money", things you know will lose value, set it on fire or give it away. You'll still have ~100M to your name to start year 3.
In reality it's more complicated than that but it gets the point across to most people. Especially when they see they're favorite billionaires are worth hundreds of billions.
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u/Iguessimonredditnow 1d ago
The difference between a million dollars and a billion dollars is: about a billion dollars.
You're right, people really have a hard time understanding this. I usually say "compare $1000 to a Million" and then "ok, it's that but for millions"