The hype is real and its been real for the last 3 years.
So where can you make triple the value of money on cost besides the stock market? Practically nowhere and today we have an example of a product that gets used daily by hype beast people. The product I want to discuss is the Adidas Yeezy sneaker. I have to be honest at first I was not a big fan of the shoes as they looked a bit like moon sneakers. But after seeing them for a few years now I can actually say they are not too bad, but I still will never wear a pair. Why must you ask, because I understand the value of a dollar? This is why Wearing Yeezy Sneakers is not Financially Smart.
If you can compound your money to the tune of 3 times the retail value in a matter of a few hours it confuses me to think why not try to sell it and make a killing.
Start A Business Like These Self-Made Billionaires Or Invest Your Way To Wealth?
What does it mean to be self-made?
When it comes to financials, it is about blood, sweat, tears, and hundreds of thousands of hours of hard work and dozens of rejections before finding that success. It is not about getting money inherited to you and growing it.
It’s about taking that last $2,000 in your life savings, throwing it into a modest business in your garage or spare bedroom and putting in the hours and effort to nurture it and make it your own and watching it flourish, fueled by your passion.
And when you have the right skill, excellent customer service and passion for your work, you can make a million dollars – or a billion! – through your own work.
Before you think it seems impossible, just know this – of the Forbes 400 list of richest people, two-thirds of the group (almost 275 billionaires) got their money the old-fashioned way – they earned it.
So for a little inspiration, here is a prominent list of 10 self-made billionaires.
Bill Gates
Bill Gates may not have run Microsoft for the last 20 years, but he is Microsoft. A Harvard dropout, Gates collaborated with friend Paul Allen and developed the iconic company in the mid-1970s.
Gates had been programming computers for about 10 years or so before Microsoft came into existence, as he started as a precocious 13-year-old. He began with a deal to produce what was called Microsoft Disk Operating System to be installed in IBM computers, and his continued development of other software helped the company take off.
Microsoft was started in 1975, incorporated in 1981 and became a publicly traded company five years later. He is still the largest owner of Microsoft stock, which accounts for much of his wealth, which is estimated at about $85 billion.
What’s going on my peeps? I want to talk a bit about my favorite topic financial freedom. I want to discuss this because its way more enjoyable than talking about debt. Why I want financial freedom is very simple, because we as humans were truly meant to be free. Once you feel the tug of this FI desire, you will understand. If it hasn’t hit you yet, be ready cause it will one day.
Do you fully grasp that this system is set up to trap us from a very young age. From school years and quickly transition to work yeara till age 67 plus.
My mom had the same desire to be free as she retired at age 39 and lived how she wanted for the next 10 years or so of her life. She started a few businesses and just hustled while enjoying life. Eventually she went back to work but only because she wanted to pass the time I believe after becoming an empty nester.
Even the super rich are trapped in this unfavorable cycle of being beholden to others. The rich CEO reports to the board, Warren Buffet has shareholders and his own obsessiveness of growing his business, politicians are controlled by other more powerful people or political parties who pull the strings, the movie star is at the mercy of recording studio heads, the doctor is bound to his patients or to the director of doctors. I can keep going if you would like, but you get the gist of it.
It has been six months since the notorious Brexit vote put the United Kingdom on a course for divorce from the European Union. In that time, fellow nationalist Donald Trump has been elected to the US Presidency, mirroring the ascendency of Boris Johnson in British social influence. While there have been numerous effects following Brexit, few were so extreme as the impact on banking stock prices, which uniformly plummeted in the minutes and hours following the voting results announcement. For people not directly invested in British banking, one may wonder what has become of those stocks price since?
The results have been something of a mixed bag. While there could be endless analysis of all the British banks affected, we’ll focus on two in particular: Lloyds and Barclays, specifically because of their ongoing troubles with the PPI claims scandal. Many investors want to know, is now the time to buy, hold tight, or jump ship with regard to these bank stocks.
Does it scare you to hear that the average commuter in America spends a solid 38 hours yearly stuck in traffic and over 60 hours in some big cities? The same research shows that idling commuters released 56 billion pounds of carbon dioxide into the atmosphere in a year. Yikes. Most people have better things to do than sit on the highway fiddling with their radio or frantically urging their GPS to find alternate directions to the solid red line that indicates their usual route, but may feel stuck inside a routine that involves tons of time and frustration spent getting to and from work on a daily basis. Many people may also feel guilty about their contribution to the negative impact that commuting by car has on the environment, but may not be sure of potential ways to streamline their actions.
There are certainly benefits to commuting on four wheels, like shelter from the elements, not to mention the fact that many roads are specifically suited to cars, trucks, and SUVS over other vehicles. But two-wheeled commuting in its various forms holds a number of advantages that are swaying more and more people to leave their car in the garage and hop on a motorcycle or bicycle to head to work.
Read on to learn more about the perks of commuting on two wheels, and make sure you’re truly prepared to do so.
Motorcycles: A Shorter, More Engaging Commute
As one experienced motorcyclist outlines for Cruiser, many people may be incredulous about the feasibility of commuting by motorcycle, but it’s hard to deny the time-saving potential as well as the personal connection to each and every commute that may be lacking for those who sit in traffic in their car. Some motorcyclists undertake a practice called lane-splitting—now legal and regulated for safety in California—which involves passing between rows of idling vehicles by driving down the dividing lane line at a controlled speed. It’s not hard to imagine how much time this could save when practiced responsibly, not to mention the fact that motorcycles offer acceleration advantages that can translate to more efficient lane changes and traffic maneuvers in general.
Increased Dividend Income from 4500 in 2015 to 5580. (Increase of 25%)
As I’ve said before and I’ll say it again, invest today so that you can grow dividends. These dividends will pay me for life as long as I hold them, and if a company decides not to pay dividends one day, then I will just sell the stock and buy a competitor’s. Saving money has benefits, but investing money to get free money is the ultimate benefit in my book. I predict if I continue on this pace I’ll be able to reach 10K in 3 years. Some of you might think 3 years is a long time, but believe me it goes fast. Imagine how many shares I can pick up with 10 thousand dollars of free compounding money. This year dividend payouts amounts were down for the majority of my index funds, and this hurt my goal of 6K in annual dividends. FYI almost all dividends are reinvested into tax deferred retirement accounts and I do not have access to this money. What milestones realized in 2016 made you smile?
I saved 27% of gross income. (With the employer Match)
Hey man this is just simple to do, automate automate till your blue in the face. Set up 401K or IRA money to be deducted immediately from every pay check. The opportunities are everywhere to save so take advantage today. Connect bank accounts with investment accounts to make the transition even smoother.
I was able to do various spending freezes throughout the Year
Spending freezes are fun for me, and I do them to challenge myself from time to time. We all should practice this and when you do, funnel the money towards the next best goal. If that is paying down debt or funding your next vacation, as long as you act and don’t let the funds roll over into the next month.
“Do you know where your children are?” Even if you aren’t old enough to remember this famous TV slogan from the 60’s through the 80’s, the sentiment is easy to understand. It takes awareness to keep track of the important things in your life, and this includes your money. Without careful oversight, money tends to have a life of its own. Some people are slaves to their money, and to their spending habits. Many people fear taking a look at the balance of their checking account, because it might be low, empty, or overdrafted. In order to improve your financial status, you’ll have to keep careful track of your money. Here are three aspects of that process, as well as ways that it will improve your financial life
Keeping careful track of your money puts you in a great position to catch fraud before you are robbed blind. If your money is stolen – from your checking account, from your credit card, from your Paypal account – you can usually get it returned, if you catch it fast enough. If your money is stolen and you do not report it for days or weeks, your chances of getting your account restored are much slimmer. PPI claims history has borne this out. Payment protection insurance is a form of insurance that used to be sold to unwitting loan borrowers. Many of them didn’t notice the problem for months, because they didn’t regularly check their financial accounts for invalid charges. It would have been easier to recover the money, and less would have been taken, had they caught it sooner.
It’s that time again where we celebrate the holidays and ring in the new year. What new blessings will 2017 bring to you? Well 2016, I must say was not so good to me famiy wise, as I lost a loved one. Hopefully 2017 will be another year full of financial cheer, as the markets have been up so far this past year. The markets are still doing ok given the travesty of the presidential results. I don’t know how people can vote in a reality TV star to hold the highest office in America, but I will leave the politcial talk for another day. Merry Christmas and Happy New Year to all of you happy savers.
This is the time where we really need to reflect if this past year really helped or hindered our financial lives. If it helped you great keep on the right path, and if it hindered you lets try to make positive changes to help you succeed. We really are the masters of how our financial life plays out.
Investing and saving is a product of how we manage our spending. If you over spend and have debt it will be hard to invest. But if you don’t over spend and give all your money to mastercard you will have surplus money to save.
We all need to re-evalute how we spend and if we could invest more in the new year. Investing is the end all be all to free anyone from a 9-to-5 and from getting back free time in the future. So in any way possible invest and be merry.
I want to wish you a Merry Christmas and a Happy New Year
