hEY dh,
consider this:
The answer to the eternal question: Is "it better to be a jock or a nerd?"
Michael Jordan having "retired," with $40 million in endorsements, makes $178,100 a day, working or not. If he sleeps 7 hours a night, he makes $52,000 every night. He makes $7,415/hour more than minimum wage.
If someone were to hand him his salary and endorsement money, they would have to do it at the rate of $2.00 every second. Assuming he puts the federal maximum of 15% of his income into a tax deferred account (401k), his contributions will hit the federal cap of $10,500 at 8:45am on January 1st.
If you were given a penny for every 10 dollars he made, you'd be living comfortably at $65,000 a year. This year, he'll make over twice as much as all U.S. past presidents for all of their terms combined.
Amazing isn't it? However... If Jordan saves 100% of his income for the next 500 years, he'll still have less than our good friend Bill Gates has at this very moment.
Salaaaaaam dunk. Game over. Nerd wins. |
