- Jan 22, 2001
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I apologize if repost...
Following is from Langalist http://www.langa.com/newsletters/2001/2001-08-23.htm.
11) Just For Grins
Reader Lynn Decker sends along this note, which purports to answer the question "Is it better to be a jock or a nerd?"
Consider 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 sugarplums 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/hour 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 $10,500 at 845am 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 500 years, he'll still have less than Bill Gates has at this very moment.
Game over. Nerd wins.
Following is from Langalist http://www.langa.com/newsletters/2001/2001-08-23.htm.
11) Just For Grins
Reader Lynn Decker sends along this note, which purports to answer the question "Is it better to be a jock or a nerd?"
Consider 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 sugarplums 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/hour 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 $10,500 at 845am 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 500 years, he'll still have less than Bill Gates has at this very moment.
Game over. Nerd wins.
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