| ▲ | blanched 7 hours ago | |
Right - and iirc the bottom of the 1% is somewhere around 700k. Still a ton of money, but very very far off from a billion. | ||
| ▲ | fsckboy 6 hours ago | parent [-] | |
>700k. Still a ton of money, but very very far off from a billion that 700K is income, but the billion is assets. earning 700K is the income from $10 million in the stock market (although working to earn $700K is in exchange for you time while the income from $10 mil is passive. OTOH people with the work ethic to earn like that tend to like what they do. a billion in the stock market is $70 million a year, a large number but far from a billion. TLDR: 700K compares to a billion 1 in 1000, but the truth is closer to 1 in 100 | ||