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He meant 10-12k per month. 60k is less than 5k per month.
He said 10-12k per month, and then only said 60k but not per when. I was trying to figure out if they forgot to add per year or if they mistyped the last number.
Also, per month numbers usually are net-value, and per year numbers usually are raw-value.
There may be even a 100% increase from the first to the later.