Me thinking

100 Million Dollar is a [sh..] load

People always talk about a billion/s and how much it is. Yes, it is a [sh..] load. But so is 100 million.

Let's analyze

To earn a 100 million

Let's say you earn a cool $120,000 a year, which, by the way, is roughly $50.000 more than the average American household takes home1. Anyway, for you to accumulate $100 million, get ready, you would have to work for give or take 833 years. Nope, you will not make it!

Spending it all

If you had it and you wanted to spend it all. Let's say you are loose with your money and waste four grand ($4,000) every day. At that rate, you will spend $1,461,000 a year. That's 12 times more than what you earn a year, assuming the 120 grand income. So, a lot, and going at that insane rate, it still would take you some 68 years to rid yourself of all that money. Assuming you will never make another penny more, but of course, you will. Money makes money.

Earning Interest

Let's say you put $75,000,000 million into a basic savings account; the rest, well, you splurge on something. These cool $75 million will generate enough interest to cover your $1,461,000 million a year spending habit. What? Yep, that's assuming you find a bank that will give you 2 percent interest a year. Fine print: and assuming you will not pay your income taxes.

It's a lot of money, but...

$100,000,000 is a lot of money, but in today's baffling world, you easily could spend the entire sum on a single purchase. For example:

In conclusion

Even though it's not 1 billion, 100 million is still a ton of money. If you ever have that much, please share some with me. Thanks.

Please note:

The math here is fussy, and this is a reasonable estimate at best.

  1. 1. Median household income was $68,703 in 2019, an increase of 6.8 percent from the 2018 median of $64,324. Income statistics: US Census Bureau↩↩