A few years ago, some business friends and I half-bemoaned, half-laughed at the realization that $1 million isn't what it used to be: You just can't buy as much with it.
So now we might say, $1 billion is the new $1 million. Not only have the costs of things gone up, but also the range of things to buy has widened.
Whether it's a cup of Starbucks iced coffee or a Chick-fil-A sandwich for every single American, we can definitely be entertained by this video and get an everyday perspective on what $1 billion can buy.
I'd spend that money getting whatever I needed to earn money from that money:
- Acquire the information, resources and talent needed to run and sustain successful (i.e., profitable) businesses
- Engage the right advisers, experts and managers to invest in the right funds or vehicles (i.e., with healthy returns)
- Implement my concepts and strategies for philanthropy, which is driven by a want to do good and by a need to under gird it with a business model