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EXCLUSIVE: World Cup Star Reveals His No. 1 Investment Strategy (And It’s Brilliant)

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A month and change since the FIFA World Cup ended, Danish soccer star Martin Braithwaite is ballin’ out in the UK, kicking goals, ass and taking names.

Fresh off a successful World Cup berth in Russia, Braithwaite, 27, played all four games for Denmark before eventually losing by penalties to World Cup runner-ups Croatia in a dramatic thriller.

Since returning to work, at the time of this interview, Braithwaite’s scored three goals in four games and his squad sits at the lead in the English Championship.

 

But despite his impressive kick game, Braithwaite’s actually making some pretty scores off the pitch.

In addition to co-founding a French clothing line, Braithwaite’s holds stakes in startups, in addition to being a partner in a number of real estate developments in New York City and Philadelphia.

It’s no secret athletes tend to blow their money post-retirement. So we sat down with Braithwaite to get the soccer star’s take on investments, what he looks for, and his favorite deal to date.

WealthLAB: What up, Champ.

Braithwaite: Chillin’.

WealthLAB: Let’s get right to it. You’ve always been into business. You have a number of interests off the field. Where does this interest come from?

Braithwaite: I come from a business family. My aunt is a successful broker in my hometown. My grandfather is a very successful businessman; so are his brothers. And I also know there’s a limited window to make money from football.

WealthLAB: What’s your favorite deal at the moment?

Braithwaite: Probably my New York real estate. We invested last year and the portfolio’s 4x’d since then. We’re doing the first smart home development in Jersey City, as well as a historic high rise in one of the neighborhoods over there. Our clothing line [Trente] is also doing super well at the moment, all online sales.

WealthLAB: I’m sure you get pitched a bunch of crazy s*** all the time. What’s the craziest deal someone asked you to invest in?

Braithwaite: Some guys in Miami asked me to invest in concerts, said I’d get my money back 10x. Then you have the classic ones like restaurants. Tons of stupid shit.

WealthLAB: What do you look for in a deal? And what’s your favorite investment?

Braithwaite: You always wanna look at the people first and foremost, you know that.

WealthLAB: Right.

Braithwaite: So that’s really the key thing — have they had successful exits in the past? Have they been successful in their field? But more than anything, I make sure I structure any deal in a way that a) they have skin in the game, b) there’s an underlying asset that will retain value, and c) their earnings are contingent on performance.

WealthLAB: How so?

Braithwaite: Well, on the value part, some app for instance will have crazy valuations based on what they think they will do.  say we have a real estate deal. If we invest in something we’re not managing, the manager’s bonus has to come when my side gets paid. That way you’re protected.

WealthLAB: What’s next for you? As far as business?

Braithwaite: On the sport side, my goal is to make my team better and win every week. But the ultimate goal, from a business standpoint, is to make more money off the field than on it. We already see what happens to athletes when they retire; it’s not a pretty sight. Like I said earlier, we have a short window to make money so it’s all about setting the family up for the future, both on and off the pitch.

Wealth Hacks

TAX HACKS: How Real Estate Billionaires Avoid Paying Taxes

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Personal Finance

DIY: How To Improve Your Personal Finances

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Even if you’re not looking for a property this exact second, you always want to be improving your position.

So, focus on the downtime to improve your finances, get your debt squared away, and put yourself in a better position when you are ready to buy!

It’s important to be sure of your financial position before you buy a property because you might find it’s harder to get that property than you would have originally thought.

Here are a few ways to quickly improve your finances to help you save more, pay down more debt, and qualify for better loans.

Pay Attention

One of the most common reasons that people struggle financially is because they simply don’t pay attention to what is going on in their own financial life. If you are not paying attention, you can’t hope to know what is going on and therefore know how to improve matters.

So, the first item on your list is to start paying attention to your finances!

When I’m working on a project, I’m laser-focused on the budget, the details, the costs, etc. But, sometimes in my personal life, I let this slide.

The reality is, when we do have a budget and focus on sticking to it, our bank account balances grow so much faster than when we aren’t using one.

I love to eat out, and my wife loves to buy small things around the house. One day, we looked back over the previous year of spending and found we each averaged over $1,000 per month on our hobbies!

By pulling back a little in each area, we were able to save over $1,000 per month but still do the things we enjoyed.

So, start by having a budget!

Even if you are financially well off and can afford most of what you want, by budgeting for the items and spreading the costs out over several months, you’ll find that you buy less, spend less, and save more.

Also, if you budget to pay down certain debts faster, you’ll see those balances dramatically drop!

So, do not overlook the importance of a family budget.

Save On Other Purchases

There might be a number of other big purchases you need to make before you get hold of your next property, and it is a good idea to make sure that you are only spending as much on those as absolutely necessary.

For any big ticket items, we actually start searching for them months or even a year in advance. For example, let’s consider kitchen appliances.

As you know, a full set of appliances can easily cost $5,000-$10,000 if you are getting high-end products. It includes a fridge, double oven, gas cooktop, microwave/fan, and dishwasher.

The first thing we did was go to the store and decide on two or three brands, styles and product lines we wanted. It’s hard to compare prices unless you are looking at similar products between stores.

Then, for months we’ll watch these items and their prices. Occasionally there will be sales and by tracking the pricing all year, we know which sales are worth getting or not. When we feel we are getting the best price, we’ll buy.

And by doing that, we can easily save $500-$1,000 or even more.

We did something similar with our TV, computer monitors, etc. Basically, anything that is currently working that we want to upgrade. Over the course of a year, we are saving thousands of dollars.

You might also use a money saving app to help.

Saving money in all these places will make an enormous difference when it comes to saving for your next down-payment

Pay Down Debt

With all the money you are saving by budgeting and by planning out major purchases, you might want to use some of it to pay down debt.

You’ll have to decide if it’s better to pay down debt or have a larger down payment because both will hold you back on your next purchase.

But, generally, paying down $1/month in debt is worth about $3/month in income. At least, as far as loans are concerned.

If you do decide to work on paying down your debt, I fully detail a unique debt pay down method to get you into your next rental property faster.

Increase Your Income

Most people just focus on debt, but the reality is you can only cut your expenses so much.

Income, on the other hand, has unlimited potential. So, why not focus on growing your income?

Increasing your monthly income can be done in a number of passive and active ways, and it is worth looking into as many of these as you can to find the right one for you. I outline a number of ways to increase your income in this article on how to earn $10,000 per month.

While earning $10,000 per month in side-income might seem a long way off, it’s important to start! Even if you can earn an extra $500 month now, and grow it slowly over time, it’s worth it!.

Don’t Focus on Just One Thing

As I mentioned already, focusing on just budgeting, or debt paydown can be detrimental to your overall financial goals. It’s important to combine a number of different things into an overall strategy, which includes budgeting, debt paydown, and increasing your income.

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

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Wealth Hacks

How To Fix The Challenge Of Wanting Learning Opportunities But No Time To Learn

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Ready for a staggering statistic? According to LinkedIn’s 2018 Workplace Learning Report, 94% of team members said they would stay at their company longer if it invested in their career development. Now, here is the kicker: the report also said that the top reason team members said they felt held back from learning is because they didn’t have the time to learn the skills they needed to.

How do we fix this dilemma? By providing a workplace that offers learning opportunities that also provides the time for team members to take advantage of those learning opportunities. This will spark creativity because I know that I’m always happiest and most productive when I’m learning something new.

We get it – everyone is busy. We go to work and we are chained to our desks (or today: our laptops and iPhones) with mounds of work to get through and we form routines and things eventually become mundane and ultimately boring. Things don’t have to be this way, though.

HOW ARE TEAM MEMBERS ACTUALLY SPENDING THEIR TIME?

The first step is to get feedback from team members on how they are spending their time at work. These questions can be asked on many subjects at work. For example, how many meetings are absolutely necessary? Rethink why you have meetings. If there is too much email or point-to-point communication preventing people from learning, it is time to really rethink the company’s time management.

WHERE DO TEAM MEMBERS LIKE TO LEARN?

Second, find out how, when and where employees like to learn so you can gain context to establish a new way of learning, which we are all trying today to facilitate via different workplace spacial designs. In the LinkedIn report, team members said the following:

·       68% of team members want to learn at work

·       58% of team members want to learn at their own pace

·       49% of team members prefer to learn at the point of need

Not every type of learning is going to happen in a classroom or even warrants days off at a time. There are plenty of informal and social settings to learn in. The real key is to connect the bridge between how your team is spending their time and what the actual definition of learning looks like in this day and age.

It is entirely too easy to say that we are too busy to learn new things, but the truth is, we are hurting our careers and our companies by staying stagnant and not growing towards new ideas and processes. Dig deep and talk to your team and find out what they want to learn, how they want to learn and when they want to learn it.

Make it happen for you and your team and your business will experience success it has never experienced before.

Jonathan Schultz is an entrepreneur, real estate tech investor and influencer. He’s the co-founder of Onyx Equities, a leading private equity real estate firm, and has been voted one of the most powerful people in real estate. Follow Jon’s blog here.

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