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The best explanation for the super rich I've had is something along the lines of: (Hoping my numbers are right) If you make $30,000 a year, an xbox costs 1% o
by suvelx 11y ago
The best explanation for the super rich I've had is something along the lines of:
(Hoping my numbers are right)
If you make $30,000 a year, an xbox costs 1% of your income, and a loaf of bread costs 0.001% of your income.
For the super rich, with a yearly income of $3,000,000. Teslas's Model 3 would cost ~ 1% of their income, and an xbox 0.01%.
Add/Remove examples and values, or switch to 'savings', to suit your target wealth perspective.
- mikeash 11y agoI think this understates it, because necessities take up less of your income, proportionally, as you go up. That person making $30,000/year probably has to save for months or go into debt to buy an Xbox, while the rich person can probably pay for the car up front and hardly even notice it.