Thursday, July 29, 2004

Mike-so-rich or Microsoft?

Kim ran across this illustration I used back in my youth ministry days and gave it to me the other night.  I used it last night when I taught the High School Class at Highland.  I thought it was worth sharing.

In 1998 (a long time ago) Michael Jordan signed a contract that paid him over $300,000 a game.  That's $10,000 a minute, assuming he averages 30 minutes a game. 

Assuming $40 million in endorsements, he'll be making $178,100 a day, working or not. 

If he sleeps 7 hours a night, he makes $52,000 every night.  Sleeping! 

Going to see a movie will cost him 8 bucks, but he will make $18,550 while there. 

If he boils a 3 minute egg, hell make $370 while it boils. 

If he wanted to save up for a BMW 8 Series ($90,000), it would take him a whole 12 hours. 

If he went to play a round of golf, it would cost him around $200 but he would make $33,000 while playing that round. 

He'd make about $19.60 while watching the 100-meter dash in the Olympics but about $15,600 if he watched the Boston Marathon until the first runner crossed the line. 

In the time it takes for the average person to eat in Michael's trendy Chicago restaurant for the average cost of $20, Jordan will make $5,600. 

If you were given a tenth of a penny for every dollar he made, your salary would be $65,000 per year. 

In one year he will make twice as much as all our past presidents for all their terms combined. 

But consider this: Jordan would have to save 100% of his income for 270 years to have a net worth equal to that of Bill Gates

And consider this:
The average working man in Tijuana, Mexico considers himself lucky to make
$50 per week

Wow!  I don't know whether to feel rich or poor. 


Lovell's Lookout said...

Joel- Great stuff... It cost me around 35 cents of my time to read this blog entry...not a bad investment considering this wealth of information which would have taken me a good hour to organize (or put together). That would have cost me $7. Plus the three hours of surfing sermon YOu just saved me $27.65!! What a deal.

If money goes to what our culture values...Jordan's income speaks clear...

Good work-- Bloggerman (my new nick name for Quile')

Joel Quile said...

Lovell, I figure I blew about $87.50 a week watching you "pop your navel" and "rub your head" while at ACU. That totals up to at least a million dollars I lost because of your antics. Thanks a lot buddy. I'd be rich if you were such a carnival act.