>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
alt Hacker News
>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