• Home
  • About
  • Contact
  • Legal
  • Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Alectro Labs

Alectro Labs

  • Science
    • Psychology
  • Tech
  • History
  • Everything Else
    • How to Adult
    • Interviews
  • Shop
You are here: Home / Uncategorized / $1 Billion in Plebeian Terms

$1 Billion in Plebeian Terms

October 26, 2019

Kylie Jenner controversially made the news recently for being crowned the “youngest self-made billionaire” at the age of 21.  Mark Zuckerberg, the founder of social media giant Facebook, became a billionaire when he was 23. $1 billion is an enormous amount of money, and is at least for me quite difficult to wrap my head around.  For my fellow plebeians, I have broken down the buying power of $1 billion (if we pretend that Uncle Sam isn’t taking his cut) in terms that my tiny brain can understand. 

-If you had $1,000,000,000 and decided you didn’t want to invest it and just wanted to spend it as recklessly as you possibly could (cue story about the endless amount of financially incompetant lotto winners), you would need to spend $68,493.15 every single day for 40 years to piss it all away.  

-A brand new Telsa Model Y Long Range Dual Motor is $68,200.  You could buy a brand new Tesla every day for 40 years and still have $293.15 a day left over or $4.3 million left over after 40 years. 

  • Image from Tesla.com

-If you decided to go the more savvy route and invest half of your money ($500 million) in a portfolio generating a 7% ROI, you would have an additional $8 billion after 40 years.  $8 billion. Just on investments. Meaning you just having your money parked in investments while you sit at home and laze around watching The Inbetweeners on Netflix (btw highly recommend that show).  

-So what about the risk-free market?  Certificates of Deposit, or CDs, are low risk, low return investments that essentially guarantee that you will only gain money from them (albeit lower amounts than more risky ventures).  At my bank, the 1 year CDs have a rate of 2% APY. That means that $1 million would garner $20,000 per year in dividends and $1 billion would garner $20 million per year in basically free money that you are guaranteed to get through just parking your money in a CD and not using it for a year.  

Also as a side note I would highly recommend looking into learning how to invest and at the very least putting your savings in either a CD, IMMA, or other high interest savings account.  You’ll still be earning money while you sleep, maybe not $20 million, but every little bit helps.  

If you’re interested to do some digging on investing check out the websites below

Nerd Wallet 

https://www.nerdwallet.com/

Money Under 30 

Money Under 30 | Advice On Credit Cards, Investing, Student Loans, Mortgages & More

Investopedia

https://www.investopedia.com/

in Uncategorized # investing, personal finance

Reader Interactions

you may also like
What is a Neuron?
The 7 Most Important Neurotransmitters
Harry Potter’s Invisibility Cloak May Become a Reality
The Surprising Use of Kit Kat Bars in Japan

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Hi, I’m Marisa

Hi my name is Marisa and my favorite things to do are look stuff up on the internet and listen to music. I created this website to share the interesting things that I find during these adventures on the world wide web. Considering that I spend 90% of my time on the internet, there’s a lot. So here’s Alectro Labs, the place where I cultivate the most interesting topics in History, Science, and Tech for your viewing pleasure.
read more

Top hits!

  • 10 Kooky Facts About the Addams Family
  • Interesting Parallels Between Dr. House and Sherlock Holmes
  • A Beanie Baby History: What Led to the Craze?

Featured

How Blackjack Saved FedEx

On Instagram

An American Airlines (DC-3) plane flying past a st An American Airlines (DC-3) plane flying past a stagecoach [1949]
Dirty walls?? Clean them with Play-Doh! Did you k Dirty walls?? Clean them with Play-Doh! 
Did you know that Play-Doh was originally manufactured as a putty with the purpose of easily cleaning coal residue off of walls? 
Click the link in our bio to find out more about Play-Doh's interesting origins!
Ever put NutraSweet or Equal in your coffee? The Ever put NutraSweet or Equal in your coffee?  The base compound of both of those sweeteners is Aspartame, which was discovered accidentally by a chemist back in 1965. 
Click the link in our bio to learn how licking your fingers in a chemistry lab doesn't always have horrible consequences! (Please wear gloves and practice good safety in chemistry labs, we beg of you!)
Scary good fun! Scary good fun!
The man, the myth, the meme! Learn more about thi The man, the myth, the meme! 
Learn more about this member of Marie Antoinette's court on our website, link in description!
On this Monday we wish we were lounging in a jacuz On this Monday we wish we were lounging in a jacuzzi instead of working!
2020 © Alectro Labs
theme by soleilflare