Making that money without doing a damn thing… oksanaphoto/gettyimages.com
The law of wealth, according to the French economist, Thomas Piketty, is that the more one has of it, the less of it comes from earnings and the more from assets. And so it is. According to Seattle Times‘ Gene Balk, rich King County is 8th in the US when it comes to “wealth without working” (WWW).
Here is how Balk defines WWW:
Asset income comes from three sources: stock dividends, which are cash payments to shareholders; interest, which includes payouts from money deposited in a bank, invested in government bonds or loaned in some other way; and rental income from investment
→ Continue reading at The Stranger