Investing in some special projects needs proof you have lots of money! This is because these projects don't always follow the same rules as regular stocks. Think of it like needing a special pass to enter a super-secret club.
- An "accredited investor" is someone rich enough to invest in these special projects.
- To be an accredited investor, you need to earn at least $200,000 a year or have over $1 million in the bank (not counting your house).
- An "accredited investor letter" is like an official "pass" proving you're rich enough.
| Requirement | Amount |
|---|---|
| Yearly Income | $200,000+ (or $300,000 with a spouse) |
| Net Worth | $1,000,000+ (excluding primary home) |
