I just realized that my passive income from investments (assuming an average 7% market return) has now surpassed what a minimum wage employee would make working 40 hours a week, 52 weeks a year. WOWZA! At the beginning of 2018 I had $237,000, which would generate $16,590 at 7% while a minimum wage employee would receive $15,080. That’s wild!
I have an invisible minimum wage employee working hella hard while I sleep, away from my day job, which I think is a very cool idea. I’ve touched on this phenomenon in a previous post, but she was just a teenager working part time after school then. Now she’s a full-timer. This just got serious!
Now we should probably working on raising that minimum wage (Washington did recently) so the average isn’t so low!