”A man who has a million dollars is as well off as if he were rich.” — John Jacob Astor
Guess how much money you need to make to be in the top 1% of earners in the US? Go on, think about it, I’ll wait.
Have a number in mind?
Okay, here it comes:
$383,000 a year.
Let me spell that out again: Three hundred and eighty three thousand dollars.
About 320 million people live in the US, which is among the top 1% of all countries on the globe. That’s roughly 4% of earth’s entire population. The top 1% of those therefore make up 0.04% of all humans on the globe.
Those people earn, on average, $383,000 per year.
Even in New York City, the most expensive city in the US, that number only rises to $608,584 a year. These are the richest of the richest people in the world already, and they don’t even make close to a million dollars.
What’s the best way to make a million dollars? Figure out what you really want to do. Then do that. And forget the money.
Drop this arbitrary number, do your work, live below your means and you’ll be financially free much, much sooner than you think, doing something you love.
