Jock or Nerd?
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, he makes $178,100
a day, working or not. If he sleeps 7 hours a night, he makes $52,000 every night
while visions of sugar plums dance in his head. If he goes to see a movie, it'll cost him
$7.00, but he'll make $18,550 while he's there.
If he decides to have a 5 minute egg, he'll make $618 while boiling it. He makes
$7,415/hr more than minimum wage. He'll make $3,710 while watching each episode
of Friends. If he wanted to save up for a new Acura NSX ($90,000) it would take him
a whole 12 hours. 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.
He'll probably pay around $200 for a nice round of golf, but will be reimbursed
$33,390 for that round. 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 $9500
at 8:30 a.m. 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. He'll make about $19.60 while
watching the 100 meter dash in the Olympics, and about $15,600 during the Boston
Marathon.
While the common person is spending about $20 for a meal in his trendy Chicago
restaurant, he'll pull in about $5600. This year, he'll make more than 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 450 years, he'll still have less than
Bill Gates has today.
Game over. Nerd wins.