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Weekly Roundup: Top 10 Stories This Week

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Here are the top 10 highlights for this week.

1. VIDEO: How LeBron James Makes — And Spends — His Millions

LeBron James just signed a four-year, $154 million, deal with the Los Angeles Lakers, making him one of the highest paid players in the NBA. Here’s how he spends his millions.

2. EXCLUSIVE: This Entrepreneur Built A $250M Business Without Outside Funding. Here’s How He Did It

Tim Hentschel is the CEO of HotelPlanner.com, a platform that handles billions in transactions a year, powering all the booking sites you know. Here’s his story.

3. How Athletes Stay Rich: Serena Williams, LeBron James And Other Athletes Are Investing In Startups

From Serena Williams to Kobe Bryant, many athletes are playing the investment game and reinventing themselves as savvy investorswith many investing in top startups. Here are some of the ideas they’re betting their wealth on.

4. Four Ways To Make $10K A Month

The goal to make $10,000 a month in passive income is just a long-shot dream, right? Absolutely not. Here are ways you can fetch that and more in the short-term.

5. Shark Tank Wins: 3 Deals That Crushed It

Shark Tank has birthed some of the most successful businesses. The ABC series has seen deals dry up and many rise to score tens of millions in investment capital. Here are three deals that crushed it.

6. Law Of Attraction: 7 EPIC Conor McGregor Quotes On Success

In less than three years, Conor McGregor has risen from an unknown entity to a global icon, smashing every financial record in the UFC — a huge reason the fight organization sold for $4.2 billion in 2016.

Here’s his story.

7. VIDEO: How Michael Jordan Became A Billionaire

NBA legend and Charlotte Hornets owner Michael Jordan is the greatest basketball player of all time. A few years ago, MJ also became the first NBA billionaire. Here’s his story.

8. INTERVIEW: The World’s Richest Man Jeff Bezos In 1999 (With Much Less Swag)

These days, Amazon’s worth a trillion dollars, is changing communities and basically runs the world of commerce.

But back in 1999, Amazon was still a fledgling bookstore, living off the idea that people would somehow be crazy enough to post their credit card information online.

9. VIDEO: How Shaq O’Neal Blew His Very First $1M Check In One Day

Shaquille O’Neal recounts spending $1M in under an hour, after locking in an endorsement deal just prior to being drafted by the Orlando Magic. Here’s how he did it.

10. VC Funds Expect To Lose On 90% Of Their Deals — And They’re Totally OK With It

With rising competition, VC Funds have to remain cautious, especially since most investments are risky. Here’s why VC Funds are okay with it.

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Airbnb Experiences: 5 Easy Ways To Make Extra Cash Today

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Airbnb Experiences: 5 Easy Ways To Make Extra Cash Today

Airbnb is a great way to earn money by renting out your home or apartment.

However, did you know that you can also make money by offering experiences on Airbnb? Here are five easy ways to make extra cash today by creating and offering Airbnb experiences.

1. Offer a food tour

If you love food, why not share your passion with others? Create a food tour experience in your city, showcasing the best local cuisine. You can offer a walking tour or a bike tour, and include stops at local markets, restaurants, and cafes. This is a great way to meet new people and earn money at the same time.

2. Teach a skill or hobby

Do you have a skill or hobby that you’re passionate about? Share your knowledge with others by offering an experience on Airbnb. You can teach anything from photography to cooking to yoga. People are always looking for new experiences, and they’re willing to pay for them.

3. Host a cultural event

If you come from a different culture, why not share it with others? Host a cultural event, such as a traditional dance, music, or art class. This is a great way to showcase your culture and make some extra cash.

4. Offer a nature experience

If you live in a beautiful area, offer a nature experience on Airbnb. You can offer a hiking tour, a kayaking trip, or a birdwatching tour. People love to get out into nature, and they’re willing to pay for it.

5. Host a wellness retreat

If you’re passionate about wellness, why not host a retreat? You can offer yoga classes, meditation sessions, and healthy meals. This is a great way to help people relax and recharge, while earning some extra cash.

In conclusion, offering experiences on Airbnb is a great way to make some extra cash. With these five easy ideas, you can get started today.

For more ideas and tips on how to make money, check out this Airbnb guide inside our academy.

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Money

10 Tips for Making More Money with Your Airbnb Listing

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If you’re an Airbnb host looking to increase your revenue, there are several strategies you can implement to make your listing more appealing to potential guests.

Here are 10 tips for making more money with your Airbnb listing:

  1. Set competitive pricing: Research the prices of similar listings in your area to ensure you’re offering a competitive rate. Consider lowering your prices during slow seasons or offering discounts for longer stays.
  2. Offer extra amenities: Providing extra amenities, such as a pool, hot tub, or complimentary breakfast, can make your listing more attractive to guests and justify a higher price.
  3. Invest in high-quality photos: High-quality photos of your space can make a big difference in how many bookings you receive. Consider hiring a professional photographer to capture the best aspects of your listing.
  4. Keep your listing up to date: Make sure your listing accurately reflects the current state of your property. Update your photos, descriptions, and amenities regularly to keep your listing relevant and appealing.
  5. Respond promptly to inquiries: Quick responses to guest inquiries can lead to more bookings and positive reviews. Make sure to check your messages frequently and respond as soon as possible.
  6. Provide excellent customer service: Going above and beyond for your guests can lead to positive reviews and repeat bookings. Make sure to communicate clearly and address any issues promptly.
  7. Offer local recommendations: Providing guests with recommendations for local restaurants, attractions, and activities can enhance their experience and justify a higher price for your listing.
  8. Allow instant bookings: Allowing guests to book instantly can make your listing more appealing to those who need to book at the last minute. However, make sure to set clear guidelines for instant bookings to avoid any issues.
  9. Offer discounts for repeat guests: Offering discounts to guests who have stayed with you in the past can encourage repeat bookings and increase your revenue over time.
  10. Keep your space clean and well-maintained: A clean and well-maintained space can lead to positive reviews and repeat bookings. Make sure to keep your space clean and address any maintenance issues promptly.

Implementing these 10 tips can help you make more money with your Airbnb listing and improve your overall hosting experience. Happy hosting!

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How Big Real Estate Moguls Avoid Taxes (And How You Can, Too) 👀

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I was looking around Google for an old article on tax strategies and this five-year old video of myself happened to pop up.

I’m interviewing a tax expert about how real estate investors avoid paying taxes in perpetuity—AND how everyday citizens can do the same thing.

(Real estate—our TEMPLE I and TEMPLE II projects included—has a number of tax benefits savvy investors have capitalized on for years, including Opportunity Zone breaks and 10-year tax abatements.)

There’s the 1031 exchange, of course, which I’ve shared with you guys before. 

Just to refresh your memory, the 1031 Exchange allows you to roll over gains from your last project into a new property TAX FREE—as long as said property is worth the same or more.

But there’s ANOTHER TAX LOOPHOLE that can take your portfolio to an entirely new level by splitting your capital gains into MULTIPLE properties.

So I thought I’d share it with you guys. 💎

You can check it out here.

Let me know what you think. 😎

PS: In our next update, I’m going to break down how real estate moguls get paid from their properties…tax free. 👀
PPS: If you want to learn how to implement generational wealth strategies like this one, you can join our NYCE wealth academy (TRIBE U) here.

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