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Showing posts from April 17, 2011

Jocks vs Nerds

Michael Jordan having "retired," with $40 million in endorsements, 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/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.