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 how #23Savage hit the big B.
VIDEO: What’s An Investment Property?
It’s a tried and tested rule of wealth-building thumb: One of the best ways to become a millionaire is through real estate investments. But what makes your next real estate purchase an investment property? And when we say real estate, we’re not talking about buying a house to live in. But a property that makes you rental income from tenants or profits from resale.
In this video, Investopedia breaks down the nuts and bolts of what actually makes an investment property.
This Guy Traded His Paperclip For A House. Here’s How He Made It Happen.
When Kyle McDonald decided to trade his red paperclip for a small pen, with his eyes set on trading his way to a house, many took it to be a joke. Unemployed, a young McDonald decided he didn’t want to post his resume online for a job yet, and figured he’d be better off trading his paperclip on the internet.
Soon enough, the initial trade drew him 14 trades, which ended in him getting himself a a two-story farmhouse and a paid role in a movie. Here’s how he made it happen.
Gary Vee: 5 Things To Watch For The Next Economic Recession
Back in 2008, we saw the greatest financial collapse in ages. Since that massive hangover, everyone’s waited for the next one to arrive.
Super entrepreneur and influencer Gary Vaynerchuk took to YouTube to list his reasons why one is coming…and coming soon. Here’s what he had to say.
No one knows the exact day, but I can tell you this for sure:
The economy is going to collapse. Maybe not tomorrow, maybe not next year, but we’re not going to live the rest of our lives in a bullish market.
When the economy collapses, here’s what will happen…
He then listed five things.
1. The “Brand” Of Colleges Will Collapse
“I genuinely believe that student loan debt will tear down this economy,” Gary Vee says. “The same thing that happened to the banks in 2008 will happen to colleges during the next recession, and the conversation around colleges will change.”
2. Companies Will Be Forced To Be Smarter About How They Spend Their Money
Right now companies can test, try and explore tons of different ways to market.
“But when the economy melts, big businesses will fold because they’re overleveraged,” so sayeth the Vee. “And the ones that hang on will get their marketing budgets cut massively.”
So if you don’t know how to get lean, you’ll get eaten alive once the next recession hits.
3. Sales Will Go Down
This one’s fairly obvious. If the economy is down, that trickles down to your business. Alas.
4. Entrepreneurship Won’t Be Put On A Pedestal
Right now, the market is ripe for entrepreneurship. Lots of C-players are winning when they shouldn’t be, he says.
“When the world melts, people will get much more practical about how they live their lives, and entrepreneurship will be recognized as something hard. Not something that anyone can do.”
5. People Will Get Happier
These days, everybody’s trying to stunt for the ‘Gram, living fake lives.
“When there’s a correction,” he says, “everyone is going to get back to the right mental place and do what they actually love to do instead of chasing a fake lifestyle.”