January 11, 2015
Can Someone Earning Less than 30k a Year Be “Richer” than Someone Earning 300k?
The short answer is YES.. it’s all about the balance sheet. It really is, those with more attractive balance sheets, will fare much better in the financial world than those who do not. If your goal is to get rich.. you can’t usually do it with linear income.. You can earn 350k a year and your net worth could be in the shitter. Someone who earns 30k could be “richer” than yourself. Why? Because they leveraged their income...