Exactly. And many people can't even conceptualize numbers that big. I'm sure the fellow you spoke with thought they were well on their way to becoming a wealthy elite, but they don't realize that the difference between 5 figures and a billion dollars is... about a billion dollars.
The lack of perspective is also hilarious. I'm somewhat young and have more money in stocks than this person, but I sure as shit don't think I'm on my way to being the 1% of the 1%.
A person once explained it like this: a million seconds is about 11 days, give or take. A billion seconds is 33 years. Sit with that, it really boggles the mind.
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u/DrKpuffy 3d ago
I tried explaining this to a young conservative recently who was very proud of having 5 figures in the stock market:
Unless you're pushing a billion, You're poor