Once upon a time…
We were getting ready for the annual homeschool co-op speech contest, and a friend emailed me for help.
“Can you help us figure out how to figure out this problem?
“This is related to C’s speech. I think we have all the information we need, but I’m not sure:
“The average household income in the United States is $60,000/year. And a man’s annual income is $56 billion.
“Is there a way to figure out what this man’s value of a million dollars would be, compared to the person who earns $60,000/year? In other words, I would like to say—$1,000,000 to us is like 10 cents to Bill Gates.”
We found out later that her son’s numbers weren’t exactly right. He hadn’t understood the difference between income and net worth, so he made Gates sound richer than reality.
But the basic math principles never change, and it’s fun to play with big numbers.
Continue reading Homeschool Memories: Putting Bill Gates in Proportion


