By Ryan Tibbens
I just saw a time conversion that, when I think about it in dollar figures, is absolutely mind blowing. Here goes...
- 1 million seconds equal 11 and 1/2 days.
- 1 billion seconds equal 31 and 3/4 years.
- 1 trillion seconds equal 31,710 years.
That means if you have one billion dollars in the bank, you can spend a DOLLAR PER SECOND, every second, or $3,600 per hour, and not run out of money for nearly 32 years; and because of the interest you'll be accruing, it will actually be substantially longer than that. Now, let's think about wealthy people in the news. Robert Kraft, owner of the New England Patriots and patron of strip-mall whorehouses everywhere, is worth $6,600,000,000 (billion). If he converted all investments to cash, he could spend one dollar per second, every second for over 209 years, even without earning any capital gains. And, get this, he is only the 79th richest person in the United States.
Jeff Bezos is the wealthiest person in the USA, with a net worth of over $160,000,000,000 (billion). That means he could spend a dollar per second, every second, or $3,600 per hour, for over 5,074 years. If we could travel through time (and given his wealth, he probably can), Jeff Bezos could start spending one dollar per second, every second at the beginning of the Bronze Age, and he'd just now be running out of money.
The US national debt is currently about $21,974,000,000,000 (trillion), which means we would need to pay one dollar per second, every second, or $3,600 per hour, for 696,791 years to be debt free nationally.
The average American household carries something like $140,000 of debt, which means that someone in that house would need to make and spend one dollar per second, every second for almost two days just to be even, just to be out of debt.
Something is wrong.
because no one else should do it for you.