How to be a millionaire on minimum wage


With all the talk about “Fight for $15”, I did the math and crunched some numbers. I figure at 40 hours a week, we could all be millionaires if we just raise the minimum wage to $500 an hour.How about we just fight for $500?

Now if you want to kill the joke, just note that a million dollars a year wouldn’t make you a millionaire. Only a million dollars worth of assets would make you a millionaire (minus liabilities).

I once met a decent looking young man in a homeless shelter who once said that if he was offered a job making $35,000 a year, he would be homeless and save $35,000 a year.Wow! Just wow.Factor out transportation to get to work and taxes, you would be lucky to still have half of that.That and the fact that if you made that kind of money, you would be wanting a place of your own within a month.

If the Bible is right about the government serving Divine purposes, maybe taxes is God’s way of telling us to make sure our work serves a higher purpose than just making money for the sake of making money.

Also people that do get rich is usually because they can find every tax loopholes out there.So basically the secret to success is to always look for the loophole.

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