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VIDEO: Michael B. Jordan Reveals How He Became Successful — And How You Can, Too

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This year, Michael B. Jordan starred in one of the highest-grossing movies of all times. In this video, the Black Panther star reveals his his top hacks to success, his regimen, and the one key strategy that helps him more than anything else. [VYBO]

Wealth Hacks

How Kylie Jenner Turned Her Insecurities Into A Billion-Dollar Empire

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Vimeo: Kylie Jenner x Takashi Murakami Promo

There’s a lot more to Kylie Jenner than meets the eye.

From afar, she looks just like another Instagram influencer happy to trade her TV fame for social media notoriety.

Many who don’t know her well have been quick to throw hate comments at her all across the web.

Others call her a fake, or worse. They say she would not be where she is today if it had not been because of her fame-obsessed family, and her mother, in particular, engineering everything for her.

In reality, however, Kylie Jenner is a business genius. None of her success just fell into her lap, at least, not quite like that.

Her half-sister Kim Kardashian West had this to say in defence of her younger sibling:

“It’s not like that was handed to her. She figured that all out. I mean, we all have.”

Kim knows, because she has faced off the same accusations about fame and success.

From Zero To A Billion

From 2015 to 2018, Kylie Jenner took her cosmetics business, Kylie Cosmetics, from zero to over a billion dollars’ valuation in just three short years.

Here’s the inside scoop on how this young female billionaire made her fortune at just the age of 21.

Kylie was born in Los Angeles, California in 1997. Where her life differs from you and me is that she grew up practically in front of the TV cameras.

By age 10, she was making regular appearances on the hit reality show Keeping Up With The Kardashians.

It was a stressing time for a young girl who, self-confessedly, lacked confidence in front of the cameras.

“Ever since I was in sixth grade, I would wear purple eye shadow,” she told Forbes in an interview.

To help herself feel a bit more confident, she got into makeup, learning from what she had seen the makeup artists do in preparing her for show appearances.

Makeup became something of an obsession for Kylie, and it was soon paired with a growing social media following.

Her fans were quick to notice her enlarged lips, which stirred a controversy as young girls started doing the Kylie Jenner Lip Challenge to imitate her look. This involved placing their lips in a shot glass and then sucking the air out of the glass.

Kylie Takes Over The Cosmetics World

Kylie began teasing her Kylie Lip Kits across Instagram, SnapChat, and other social media. When she announced the launch online, the kits sold out in a matter of minutes.

She used $250,000 of her own money, saved from some prior modelling gigs, to finance the production of her kits.

Kylie brought on her mother to manage PR and finance, with the Shopify Plus platform handling sales. A private label company called Spatz Laboratories handles production, while Kylie’s staff consists of just a handful of full-time employees.

In 2016, Kylie Cosmetics did around $300 million in revenue, thanks to Kylie’s highly engaged fanbase of 18-24 year old women. By 2018, the company was valued at $800 million, a figure that went up to $900 million in early 2019.

By then, Kylie was officially a billionaire.

In the process, though, she has changed how the cosmetics world thinks about product and marketing. Other celebrities like Rihanna and Kim Kardashian have jumped on the bandwagon, releasing their own beauty products.

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Personal Finance

VIDEO: 3 Things You MUST Know About Your Credit Score

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We all know what a credit score is. Sort of. But what really goes into your credit score? In this video, Investopedia breaks it down. Here are the top 3 factors that affect your credit score — and what you can do about it.

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Real Estate Investing

How To Put That Extra Space In Your Property To Good Use

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A lot of investment properties have something we call bonus space.

It’s space that isn’t quite a bedroom, maybe not really living space, but doesn’t have any one specific use.

So, how do you use this space to create value for your investment property?

Well, that depends…

Can It Become A Bedroom?

A bedroom is almost always going to be the highest value use of any bonus area, so let’s try that first. So, it’s time to look up your local health/building codes to determine the requirements for a bedroom.

The International Residential Code, which most states follow, has several requirements to be considered a bedroom. States and municipalities are free to add on top of this, and some areas don’t use the IRC as their code.

Most places have a square footage requirement and also require a window and a closet. But, different states/municipalities may have different requirements so look them up.

Note About Egresses

Basements and Attics are notoriously bad places to be during a fire. There may be requirements for additional egresses for any living space that is in these two areas. Make sure you know all of the requirements before trying to make a bedroom.

Once you know the requirements, you can determine if a simple project can convert this random bonus space can be used as a bedroom.

For example, if it just needs a larger window, simply hire someone to install it. If you need a closet, get one put in.

It becomes more challenging if you need another egress added to a basement though.

It Can’t Be A Bedroom, Now What?

Most bonus space can’t be used as a bedroom, so don’t feel bad about that. The next thing is to figure out exactly what you can do with the space.

Determine What Kind Of Space You Have

The first step is to figure out exactly what you’re working with and what it can look like when you’re finished.

Regardless if it’s in an attic, basement, porch area, or whatever, it’ll need to be finished with drywall, paint, floors, lights, and heat/ac. Your bonus space probably has some of these already, but often not all.

Keep in Mind The Location

Basements are usually cool and damp, so you may need extra heat during the winter and a dehumidifier in the summer.

Attics are really hot, so you’ll need to add extra air conditioner. Also, you need to make sure your roof is ventilated properly before completely finishing an attic so take that into consideration before adding drywall to the rafters.

Every area will have it’s own unique considerations before starting the project.

Figure Out Its Highest and Best Use

This is really open to interpretation, but you need to figure out it’s best use for other people.

The best thing to do is to look at comparable sales in your market area. Look at what most other people are putting into their properties, then just copy them.

Here are a few common ways people use their bonus space

Den Or Media Room

The most common way people use their extra space is by using it as a second living room, den, or media room. These are all different words for similar things.

Basically, one living room will be a bit more formal for having guests over. The den or media room will be for watching TV or movies mostly.

If you are outfitting a room for this use, it might be beneficial to install speaker wires around the room (this is very cheap), and make sure there is cable and internet hookups.

Game Room

If your investment property already has an area dedicated as a den, you might want to consider outfitting it as a game room.

A Game Room is a room in the house for relaxing or socializing. It is typically furnished with a Pool TablePing Pong TableDart Area, or other recreational amenities.

Storage

A lot of people just need extra space for storage. Having a clean and dry area to toss junk is the lowest value use, but still important. Having this finished space will most likely make it more valuable anyhow.

Advertising Bonus Space

The next step is to advertise your bonus space. You’re either listing this property for sale, or listing it for rent (it’s an investment property, right?).

It’s important to bring attention to the bonus space, especially if it’s not listed in the square footage or other information about the property. This is really common for basements and attics.

In this situation, bring attention to it and make people image what they could use it for, but don’t specifically say it can be used for things that it shouldn’t be used as (such as a bedroom). People will often use the space however they want, including as a bedroom, but you should not encourage this if it’s not a legal bedroom.

So, you’d could potentially say something like:

There is an extra 400 square feet of finished bonus space in the attic that could be a game room for you and your friends, media room for late night movies, or whatever else you can imagine! It is heated, cooled, and has everything you need to enjoy it day and night all year long.

But you’d never want to say something like

There is an extra 300 square feet of finish bonus space in the basement that could be used as a media room, den, game room, or even an extra bedroom when friends come visit.

…assuming the bedroom is not legally a bedroom in your jurisdiction.

Charging For The Space

It’s hard to say what bonus space is worth, but it’s worth something.

The only way to figure it out is to try to sell it or rent it out, and see what the market will give you.

This article originally appeared on IdealREI.  Follow them on FacebookInstagram and Twitter.

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