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Statistically, many "average" upper middle class people are very able to become low tier multimillionaires through a well educated upbringing and a good job, an
by naremu 3y ago
Statistically, many "average" upper middle class people are very able to become low tier multimillionaires through a well educated upbringing and a good job, and good financial decisions over a long period of time.
But many of those people take their entire lives to go from "pretty well off" to "technically a multi millionaire, after many years of hard work, and planning" and got there from very reasonable expectations.
Now a billionaire is literally about a thousand* times richer than any of those people. We're talking "I literally make a difference in elections without anyone knowing my name" rich.
Maybe this is a good example of how rich billionaires don't need to be. The mere fact some people can't even imagine the difference between a factor of a literal thousand* (how ironic of me).
- bombcar 3y agoIn the US a billion is 1,000 million, not one million million.
- carabiner 3y agoIs it different in other countries?
- elteto 3y agohttps://en.wikipedia.org/wiki/Long_and_short_scales#Current_usage https://en.wikipedia.org/wiki/Long_and_short_scales#Current_...
- saalweachter 3y ago"A billion dollars isn't cool. You know what is? A billion dollars."
- hvs 3y agoHistorically, in the UK, Australia, and other countries, "one billion" meant "one million million" (i.e. 1,000,000,000,000). Officially, at least in the UK, it now means the same as the US (i.e. 1,000,000,000)
- tromp 3y agoNote that 'billion' and 'trillion' themselves have multiple meanings [1] [2], even though most people use only the short scale. [1] https://en.wikipedia.org/wiki/Billion https://en.wikipedia.org/wiki/Billion [2] https://en.wikipedia.org/wiki/Trillion https://en.wikipedia.org/wiki/Trillion
- ZeroGravitas 3y agoYeah. It's called the long and short scale: https://en.wikipedia.org/wiki/Long_and_short_scales https://en.wikipedia.org/wiki/Long_and_short_scales
- deleted 3y ago[deleted]
- waveBidder 3y agoliterally a thousand…
- the__alchemist 3y ago1000.
- SketchySeaBeast 3y ago> Statistically, many "average" upper middle class people are very able to become low tier multimillionaires through a well educated upbringing and a good job, and good financial decisions over a long period of time. That's why I addressed that. Retirement savings and home is a different sort of millionaire than someone with 50 million in the bank. What lifestyle choices are going to be visible in someone with 50 million vs a billion? The number of private jets they own?