He also has a another friend who he started managing his money 1 year ago and has turned $300,000 into $450,000. That friend did a bunch of work for Bob as a return favor that amounts to about $7,000.

Bob has also done well in his own accounts, but he actually didn’t have as much money available as Jill, so he has made more money for Jill than he has made for himself. He isn’t hurting, but he isn’t rich either.