Earlier quoted context omitted.
A Pareto distribution. It's a lot of cash for someone who works for a salary, but as capital that generates income it's less than a lot of franchise fees and unencumbered capital requirements. e.g. to start a Krispy Kreme donut shop, you'd need about $1.5m in cash. You can buy into smaller franchises for much less, with 2-3x leverage, you might be able to do a Starbucks. Myself included, it's important to feel a bit…
> you're on the second bottom rung of a very tall ladder > A Pareto distribution I'm not following. Pareto distributions don't have "rungs". Who defines the rungs of the ladder? Why is $600k the second bottom rung?
For concrete thinkers: people who live off investments usually need more than $600k, so the question is how to use that money to grow it into an amount similar to what said people live off.