I guess technically no standard, since bad financial decisions can hurt anyone. But it’s not like 200K a year puts you in the same galaxy of wealth as someone worth even tens of millions of dollars, much less a billionaire.
I’m not saying 200k is infinite money, but think of it in terms of the debt that people actually get into. Like, it’s normally not even possible to get into a billion-dollar debt, or even close to one. You’re not just going to stumble into $100,000,000 of gambling debt.
Sure, but if you’re somewhat wealthy, a lover whom you’re starry-eyed over might drag you down into debt with so-called “investment opportunities” that their cousin or something has, or things along those lines.
I’m not saying she didn’t make a lot of money, I’m just saying the idea her being in debt because someone she loved conned her isn’t completely insane.
I guess technically no standard, since bad financial decisions can hurt anyone. But it’s not like 200K a year puts you in the same galaxy of wealth as someone worth even tens of millions of dollars, much less a billionaire.
I’m not saying 200k is infinite money, but think of it in terms of the debt that people actually get into. Like, it’s normally not even possible to get into a billion-dollar debt, or even close to one. You’re not just going to stumble into $100,000,000 of gambling debt.
Sure, but if you’re somewhat wealthy, a lover whom you’re starry-eyed over might drag you down into debt with so-called “investment opportunities” that their cousin or something has, or things along those lines.
I’m not saying she didn’t make a lot of money, I’m just saying the idea her being in debt because someone she loved conned her isn’t completely insane.
5% annual interest on $4m is 200k
Yeah, that’s how you get dragged into debt by your bf with 200k pa passive income.