 |
|
Ways to comprehend how much a million is
08-07-2012, 06:37 AM
|
#1
|
|
Recycles dryer sheets
Join Date: Jul 2007
Posts: 429
|
Ways to comprehend how much a million is
I struggle with this. I'm used to using numbers less than 1000. How does one visualize just how much a million is? One way I do is to say if I give one dollar away each second 24/7, it would last over 11.5 days. Or a million days ago was 727 BC. That helps, but still when you get into millions and billions, it's hard for me to grasp.
|
|
|
 |
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
08-07-2012, 06:46 AM
|
#2
|
|
Moderator
Join Date: Jan 2008
Location: The northernmost tip of Latin America
Posts: 10,598
|
One way to visualize $1M: if my annual budget is $40k, it would pay my way for 25 years.
__________________
It's not the cards you're dealt in life but what you do with them that matters
|
|
|
08-07-2012, 06:47 AM
|
#3
|
|
Thinks s/he gets paid by the post
Join Date: Sep 2006
Posts: 1,019
|
I don't see how any of that helps...try this:
1,000,000/your_yearly_expenses
Still look big?
TJ
|
|
|
08-07-2012, 07:01 AM
|
#4
|
|
Full time employment: Posting here.
Join Date: Mar 2011
Location: Beverly Farms MA
Posts: 677
|
How about 220 pounds in $100 bills.
If my math is correct (it often isn't) that means that a Million Dollars in $10 bills would weigh just over a ton. "A ton of money!"
But a check would be lighter.
__________________
Living well is the best revenge!
|
|
|
08-07-2012, 07:14 AM
|
#5
|
|
Recycles dryer sheets
Join Date: Jan 2011
Posts: 442
|
I read long time ago that you can not count to a million in your lifetime.
|
|
|
08-07-2012, 07:37 AM
|
#6
|
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2005
Location: Northern IL
Posts: 10,704
|
Quote:
Originally Posted by MichaelB
One way to visualize $1M: if my annual budget is $40k, it would pay my way for 25 years.
|
Quote:
Originally Posted by teejayevans
I don't see how any of that helps...try this:
1,000,000/your_yearly_expenses
Still look big?
TJ
|
Right, the 25 years expenses gives some meaningful perspective. The other things are just other intangibly large numbers, no real help, IMO.
Quote:
Originally Posted by KingB
I read long time ago that you can not count to a million in your lifetime.
|
 Because you would lose count and have to start over again? Or get bored and give up?
At one count per second, that is 1 million seconds, or 278 hours, which would be 35 days at 8 hours a day. It might slow down with the larger numbers, but a lifetime?
1,000,000 sec
16,667 min
278 hours
35 Days, 8 hours/day
-ERD50
|
|
|
08-07-2012, 07:52 AM
|
#7
|
|
Thinks s/he gets paid by the post
Join Date: Jun 2007
Posts: 1,954
|
I can't remember the name of the book and can't find it, but I do recall reading some book about a million dollars to my kid many years ago. It talked about what a million dollars is in various terms, and then covered other topics like interest.
Anyway, are you talking about $1M, or a million of something else? If its $, the above answers basing it on your annual budget or income should be all you need. If it helps, drop the last 3 digits and think of it as 1000 K, where you spend 40K or 50K or whatever per year.
If it's a million of something else, I can't help without knowing what it is. If it's just a general thing, maybe you need to find something else to occupy your mind!
|
|
|
08-07-2012, 08:38 AM
|
#8
|
|
Full time employment: Posting here.
Join Date: Jun 2010
Posts: 602
|
|
|
|
08-07-2012, 08:45 AM
|
#9
|
|
Full time employment: Posting here.
Join Date: Dec 2009
Location: Alberta/Ontario/ Arizona
Posts: 917
|
I don't understand why you have to visualize it in a physical way? Just think of it as a means to buy something(an expensive house) or generate income of say $30,000/year. Money isn't really physical at all even though the currency is.
|
|
|
08-07-2012, 08:46 AM
|
#10
|
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 6,640
|
Quote:
Originally Posted by teejayevans
I don't see how any of that helps...try this:
1,000,000/your_yearly_expenses
Still look big?
TJ
|
Exactly!
__________________
Life After FIRE - we redesign it every 5 years!
|
|
|
08-07-2012, 09:11 AM
|
#11
|
|
Thinks s/he gets paid by the post
Join Date: Oct 2006
Posts: 2,578
|
Quote:
Originally Posted by MichaelB
One way to visualize $1M: if my annual budget is $40k, it would pay my way for 25 years.
|
+1
|
|
|
08-07-2012, 09:57 AM
|
#12
|
|
Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 4,035
|
Here your are... A million dollars
|
|
|
08-07-2012, 10:14 AM
|
#13
|
|
Full time employment: Posting here.
Join Date: Nov 2011
Posts: 660
|
Here's a million pennies (and a billion, and more) illustrated: http://www.kokogiak.com/megapenny/
|
|
|
08-07-2012, 12:19 PM
|
#14
|
|
Administrator
Join Date: Jan 2007
Location: New Orleans
Posts: 24,581
|
The jpeg below is 5000 dots. Print out 200 copies of it and put them up on the walls of your room (like teachers commonly do in a classroom to teach students how large a million is). Voila! Now you will have a better grasp on how big 1,000,000 is.
__________________
"Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harborless immensities." - - H. Melville, 1851
|
|
|
08-07-2012, 12:20 PM
|
#15
|
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2005
Location: Mississippi
Posts: 6,137
|
Here's another way to look at a million. Enough to buy you a nice view in high priced Malibu, CA.
Million-dollar mobile homes - MSN Real Estate
__________________
Full time wuss............
|
|
|
08-07-2012, 02:02 PM
|
#16
|
|
Thinks s/he gets paid by the post
Join Date: Jun 2010
Location: France
Posts: 1,073
|
Quote:
Originally Posted by KingB
I read long time ago that you can not count to a million in your lifetime.
|
Not true. If you smoke 20 cigarettes a day for 50 years, that's 365,000 cigarettes. So you only have to count 3 numbers in the time it takes to smoke a cigarette.
The VAX/VMS computer operating system claimed to measure one of its system parameters in "micro-fortnights". That was the engineers' little joke; there are about a million seconds in two weeks. (I gather that a lot of Americans are not familiar with the word "fortnight", which is interesting because AFAIK it's a very old English word, not something coined in the UK since 1776.)
__________________
Age 52, retired July 1, 2012; DW is 55 and working for 5 more years. Current portfolio is 1350K split 50 stocks/15 bonds/35 cash. Renting house, no debts.
|
|
|
08-07-2012, 02:18 PM
|
#17
|
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Posts: 7,355
|
The official Australian pension Web site shows benefit calculations in dollars per fortnight.
In the US, I have seen speeds measured in "fathom/fortnight".
Long live "fortnight".
|
|
|
08-07-2012, 02:20 PM
|
#18
|
|
Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,262
|
Quote:
Originally Posted by RunningBum
I can't remember the name of the book and can't find it, but I do recall reading some book about a million dollars to my kid many years ago. It talked about what a million dollars is in various terms, and then covered other topics like interest.
|
"If You Made A Million", a huge hit in our house.
Amazon.com: If You Made a Million (9780688136345): David M. Schwartz, Steven Kellogg: Books
Quote:
Originally Posted by photoguy
|
The adult version of the "If You Made A Million" book...
__________________
*
*
The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.
|
|
|
08-07-2012, 02:31 PM
|
#19
|
|
Thinks s/he gets paid by the post
Join Date: May 2008
Location: Cooksburg,PA
Posts: 1,203
|
Quote:
Originally Posted by marko
How about 220 pounds in $100 bills.
If my math is correct (it often isn't) that means that a Million Dollars in $10 bills would weigh just over a ton. "A ton of money!"
But a check would be lighter. 
|
Sorry Marko, 22 lbs.
__________________
Free to canoe
|
|
|
08-07-2012, 02:33 PM
|
#20
|
|
Full time employment: Posting here.
Join Date: May 2011
Location: Belleville, ONT
Posts: 796
|
__________________
"Exit, pursued by a bear."
The Winter's Tale, William Shakespeare
|
|
|
 |
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
|
| Thread Tools |
Search this Thread |
|
|
|
| Display Modes |
Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|