The colors in the key don’t even match the colors in the graph, is this just AI generated garbage or do you have actual sources to go with it?
It’s from the YouTube channel How Money Works. Seems like the title of the video is in the left corner. I agree the colours aren’t great, but the channel is good.
The answers also don’t make sense out of context. Better than what?
That’s cool. I hate that we have to vet every piece of media through the ‘is this AI?’ lens now, but glad to hear it’s legitimate.
A friend of mine was in this situation once. He had an LLC that was making good revenue but all of it was being used to grow the business. I don’t know if the laws are still the same, but back then because it was a single owner LLC all the profit counted as income for my friend. On paper he was making loads of money, but in practice he was still eating ramen and renting a small apartment.
When you invest money back in the company that’s either R&D or capital expenditure, both are tax deductible and don’t count as profit.
Yet, he was building capital. If you try to put away as much money as possible by living as frugally as possible, that does not make your financial situation ‘bad’.
Bad isn’t the stipulation, paycheck-to-paycheck is. And has said that if covid had hit back then he would have been couch surfing within a month.
My last boss was a bit like this.
He owned a small company with 7 employees, paid himself less than he paid us, and was in more debt than his house was worth.
So on paper he had less income and a lower net worth than me.But he still lived in a big house while I was renting.
And the company was growing as well.
I still wouldn’t want to trade places with him.
I like my 30 days off plus sick days, where I can turn my phone off.deleted by creator
I saw the bar graph and immediately thought it was a messed up bisexual pride flag.
You can’t, with this much of tax, with this capitalist view of maximizing profit, you can’t. Just find the cheapest place, walk around. Eat there
