Is 500 Grand half a million?

Purpose

Índice Show

1. 'Invest in something you love.'
2. 'Buy and sell items from garage sales.'
3. 'Improve and invest in yourself.'
4. 'Learn a high-income skill.'
5. 'Write an e-book.'
6. 'Buy a multimillion-dollar business with other peoples' money.'
7. 'Build a personal brand.'
8. 'Start a business on Amazon.'
9. 'Launch a coaching business.'
How much money is half a million?
What does 500K mean in money?
How many thousand pounds is a million?
How much is in a million?

This is an activity based on the picture book How Much is a Million?

NA3-1: Use a range of additive and simple multiplicative strategies with whole numbers, fractions, decimals, and percentages.

NA3-4: Know how many tenths, tens, hundreds, and thousands are in whole numbers.

Specific Learning Outcomes

Students will be able to express place value amounts in multiplicative terms (for example 10 thousand is 100 x 100)
Students will be able to add and subtract whole number amounts to 1,000,000

Description of Mathematics

The decimal place value system is based on the fact that each place increases (to the left) or decreases (to the right) by a factor of 10.
Once one understands the magnitude of 1000, then a million can be understood as 1000 thousands.

Required Resource Materials

Junk mail
Million dollar notes (NDP Material Master 4-9)
Place value houses
How Much is a Million? by David M. Schwartz
Real estate flyers
Auto trader flyers
Access to internet

Activity

Million Dollar Spend Up
This activity is based on the picture book: How Much is a Million?

Author: David M. Schwartz
Illustrator: Steven Kellogg
Publisher: Harper Collins (1985)
ISBN: 0-688-09933-5

Summary:
The Mathematical Magician presents the numbers: one million, one billion and one trillion as a set of scenarios to help his audience conceptualise the vast difference between these numbers.

Lesson Sequence:

Prior to reading, explore your students’ understanding and conceptualization of very large whole numbers. How long would a million millimetres be? How heavy is a million grams? If a million is 1000 thousands, how much is a billion in thousands or millions? How long would it take to count to a million? A billion? A trillion? Review the place value house designations for million, billion and trillion.
1
10
100
1,000
10,000
100,000
1,000,000
10,000,000
100,000,000

1,000,000,000
10,000,000,000
100,000,000,000
1,000,000,000,000
Share the book with your students. As you read the story, refer back and forth to the models presented for comparison. For example when you reach the description of counting to one billion refer back to what it was to count to one million. Before you get to the trillion section ask students to predict how long it will take to count, how big the goldfish bowl will be, and how long the pages of stars will be.
Discuss a few examples from the book. Relate these back to the large numbers recorded at the beginning of the session. A million is 1000 thousands, a billion is 1000 millions, and a trillion is 1000 billions. There are examples on the internet of pictures or models of these numbers in dollars or grains of rice.
After reading, give each student a million dollar note (from the numeracy place value money!). Tell them they have a million dollars to spend and set your class criteria togteher.
For example: Will they be limited to a certain percentage for donations to charities? Will they have to have a theme for their individual spend up (for example setting up a horse farm or an orchestra)? What are your expectations for presentation (for example will they create a poster with pictures of each thing they buy or a power point presentation?). How will the maths be recorded: as a running total or a subtraction list? If they buy multiples of things (like 4 airfares) how will they show their calculations?
Following these projects explore what a billion dollars means.

This will unlock as soon as you have $500,000 on hand. After a little while into the game, the missions become worth around $10,000 to $15,000 apiece. Also, when completing Brucie's email missions and Stevie's text message missions, the cars are worth more money if they are in good condition, so remember, as is mentioned in that section of the guide, Pay N' Spray your car before returning it to him. You can also perform odd jobs for people all over town, drive taxis, kill hookers, and other things that it just wouldn't be a GTA game without, to collect enough money to reach this lofty bankroll.

You will also receive $250,000 for completing the mission "Three Leaf Clover," as well as another $250,000 for the deal/revenge mission, so those two missions alone will net you the achievement.

**Can be done after completing story mode**

1. 'Invest in something you love.'

"It's difficult to acquire wealth. You either have to save diligently, make a lot of money on a business deal or invest. Creating real security requires saving a lot more than you think. It's also expensive to continue growing a business after it's successful.

That's why I'd invest. Find a solid group of people you trust and combine your $100 with theirs to make an educated and solid, yet aggressive, investment. Invest in what you know — and have a vision for it.

You can even invest emotionally. With real estate, for example, I always pick somewhere I would live if everything went bad. Whatever approach you choose, pick something you love. I believe that if you love something, you'll be good at it."

—Bethenny Frankel, founder of Skinnygirl, cast member of "The Real Housewives of New York City," New York Times best-selling author and guest judge on "Shark Tank." Follow Bethenny on Instagram.

2. 'Buy and sell items from garage sales.'

"Go to garage sales and look for underpriced items like action figures or stuffed animals. Then search eBay's 'sold' listings to see what they're worth. If there's a large enough price difference, buy it and sell it on eBay for a profit. Use the rest of your $100 to cover transportation and shipping costs.

(You might be thinking: But Gary, that won't make $1 million! And you're probably right. But if you try hard enough, you can make, at the very least, $100,000.)

Then comes the hard part. You have to save what you made. When I was in my 20s, I didn't go on vacation or buy fancy things. I saved my money instead. And by the time I was in my 30s, I had hundreds of thousands of dollars. Then I invested those hundreds of thousands — and they made millions. You just have to be patient."

—Gary Vaynerchuk, founder and CEO of VaynerX;New York Times best-selling author of "Crushing It!"

3. 'Improve and invest in yourself.'

"Of course, there are people who have invested in an opportunity at the right time and made a fortune. Had you invested $100 in Bitcoin in 2010, you would've done well. But to me, that's like playing the lottery.

A more reliable way to get rich with just $100 is to invest it in a course, book, audio program or event that will help you improve yourself. Spend it on developing new skills, gaining knowledge and making powerful connections. When you invest in yourself, you can't lose."

—Grant Cardone, sales expert who built a $750 million real estate empire and New York Times best-selling author. Follow Grant on Facebook, Instagram and YouTube.

4. 'Learn a high-income skill.'

"If you don't have money to start a business, then don't start a business. Instead, spend your $100 on books and training to learn a skill that will make you $10,000 per month or more.

Choose a high-income skill that helps organizations bring in revenue, such as copywriting, marketing or sales. You can learn them relatively quickly and they're transferable across many industries.

Once you make enough money, you can turn your side hustle into a full-time job. Then, scale and invest your profits. That's how you build real wealth. If you're persistent and good at what you do, you'll get there. But it won't happen overnight, so take baby steps."

—Dan Lok, global educator, best-selling author of "Unlock It!" and founder of Closers.com. Follow Dan on YouTube, Facebook and Instagram.

5. 'Write an e-book.'

"Six years ago, I hired someone for $100 to design my first e-book, 'Crush The CPA Exam Study Guide.' It only took about a week to create — and all I had to do was write the copy. It's been selling on autopilot ever since, and I've made at least $100,000 as a result. It was shockingly easy.

Use your knowledge and resources to write a book. Then, pay a designer from a global freelancing platform (e.g., Upwork) $100 to make it look nice and incentive people to sell it for you through an affiliate marketing program. Simply contact the websites that show up in Google when you search for your e-book topic (e.g., type in 'best CPA study guides').

Offer to pay them a commission for any sales they send to you. When you leverage their traffic and the trust they have built with their audience, you don't even have to build a website."

—Bryce Welker, CEO of online education company Crush Empire and founder of Crush The CPA Exam. Follow Bryce on LinkedIn.

6. 'Buy a multimillion-dollar business with other peoples' money.'

"You don't even need $100 if you're willing to buy an established business. Many baby boomers are looking for someone trustworthy to take over their multimillion-dollar businesses so that they can retire. It's common to negotiate a deal where you pay just 30% of the purchase price at closing.

Financial institutions that specialize in acquisitions will lend you the down payment regardless of your credit because they can use the business assets as collateral. You get the business with no money down and pay the remaining 70% over time using earnings from the business.

You don't even need relevant experience — you just need to find a business that has been around for five or 10 years. The owner will mentor you through the transition, and you can give an expert equity to manage the business for you.

Why doesn't everyone do this? Because starting the next Uber or Facebook seems sexier than buying professional services or businesses (e.g., in construction or plumbing). But with this approach, you get to skip the struggles that cause 90% of startups to fail."

—Moran Pober, founder and CEO of Acquisitions.com and former partner at Wekix.com and ABD Assets. Follow Moran on LinkedIn, Facebook and Instagram.

7. 'Build a personal brand.'

"Entrepreneurship is the sexy thing that everyone wants to be involved in today. You can make millions by building your own brand as an influencer or business. But anyone can have a voice, thanks to social media, so it's not easy to get heard above the noise.

With so many brands pushing online offers, building a trustworthy one is the secret to success. To do that, you need a clear statement that defines your mission and how it helps others. This message should be based on how you solved your own problems.

People will only follow you if they understand why you do what you do and if they identify with your mission. Film a video explaining your story, then invest $100 in Facebook ads to get it in front of people who are like you and may be in your situation."

—Torben Platzer, founder and CEO of personal branding agency TPA Media GmbH, founder of business education program SELFMADE and host of the German podcast "SELFMADE." Follow Torben on Facebook, Instagram and YouTube.

8. 'Start a business on Amazon.'

"I would invest $100 in business education. Start with free online content from proven business leaders, then read every book you can get from the ones that resonate with you.

Next, find a product that you can buy on Alibaba.com for 10% to 30% of what you can sell it for on Amazon. To find products that sell well, look for those with a 'Best Sellers Rank' between one and 5,000 in the high-level categories.

Save, hustle or borrow to get another $500 to buy your inventory. Try different marketing strategies to sell the product — starting with social media, online advertising and content marketing. Then stop doing what isn't working and start doing what is working.

To grow your business, focus on increasing the profit margin and the quantity you sell. Eventually, you want to own the brand so you have a valuable asset that produces wealth."

—Matt Clark, co-founder and chairman of Amazing.com and co-creator of Amazing Selling Machine. Follow Matt on Instagram.

9. 'Launch a coaching business.'

"I've built two seven-figure businesses from nothing and helped others reach similar success. While I had more than $100 to start, it wasn't much more.

Once you've invested your $100 in developing skills that make you an expert, you can build a coaching, consulting or mentoring business in your area of expertise.

This model is popular for many reasons: It's fast, effective and requires minimal investment because the only cost is your time. When you've made some money from your business, invest the profits in Facebook ads to get more clients.

If you're good at what you do, you can grow that investment into tens of thousands of dollars. To exceed the million-dollar mark, automate some of the coaching and hire other coaches to work for you."

—Rudy Mawer, founder and CEO of ROI Machines and RudyMawer.com, Facebook marketing and ad expert, who built a multimillion-dollar business by age 26. Follow Rudy on Instagram.

Join The Oracles, a mastermind group of the world's leading entrepreneurs who share their success strategies to help others grow their businesses and build better lives. For more, follow The Oracles on Facebook and LinkedIn.

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How much money is half a million?

Half a million dollars is equal to $500,000.

What does 500K mean in money?

The 500K full form stands for (Five Hundred Thousand) 500K is the small format of 500,000/- in figures word, and F…

How many thousand pounds is a million?

A million is 1000 thousands, a billion is 1000 millions, and a trillion is 1000 billions.

How much is in a million?

One million (1,000,000), or one thousand thousand, is the natural number following 999,999 and preceding 1,000,001. The word is derived from the early Italian millione (milione in modern Italian), from mille, "thousand", plus the augmentative suffix -one.