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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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Business

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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Business

How I run a $300M+ business from the beach…(and how you can TOO!)

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Yes, you read that right.

If there’s anything the pandemic taught us, it’s that the paradigm of “office” and “workspace” has been shaken to its CORE.

Universities are teaching via Zoom, court dates are done virtually, FULLY REMOTE businesses are valued at $1B+, and legitimate Inc. 5000 startups are run from…wherever. 📲

This is my office for the day…

I am actually running our business from the beach, typing this from here.

It’s 4:28 pm CET, which means it’s 10:28 am EST and I am CRUSHING my to-do list.

(And the team will continue to crush it while I’m asleep. That’s the 🗝)

So how did we get here? 

We launched NYCE and our mission to create 100,000 millionaires in March, 2020…just as the global COVID-19 lockdown happened. 😳

As a result, we shut down our main office and set EVERYTHING up to run remotely…

SMOOTHLY! And a system that allows us to outperform competition by 200%. (You can build this system, too. More on this in a second.)

Here’s what we were able to do since then:

  • Gained 6M+ followers across all platforms 📈
  • Add 1500+ new apartments to the portfolio 🤑
  • Grow to $300M in real estate 🚀
  • 105% investor returns 🎉
  • 700K+ community members 🤝

And here’s the best part…

Having team members in all the main time zones gives us a 24-hour work cycle vs. 9-5/eight-hour on-the-clock performance.

This means we get 3x the productivity of a similar company. 🔥

Let me repeat that…3x PRODUCTIVITY vs. our competitors.

Meanwhile our project management software grants us 24-hour TEAM-WIDE connectivity that tracks all tasks and lets us know if productivity dips even a little bit.

There is ALWAYS someone senior awake. It could be Martin in Barcelona…Nat in New York…Vineet & Arif in New Delhi.

All the while giving YOU GUYS wealth hacks and daily content. 🔥

OK, so how can you do it?!

Well, the first step is to have an actual side hustle you’re launching. Not just an idea, a validated business.

MAJOR KEY: Do NOT spend money until you’ve made your FIRST DOLLAR! 🗝🗝🗝🗝

(You can catch a replay Business Launch masterclass here and see TRIBE member Nessa launched her business on the spot and got her first $45K client shortly after.)

One of the easiest ways to start is with Airbnb—you can start that in 10 minutes. Literally. (Here’s a guide if you need it.)

Once you have your business, you build a virtual infrastructure (you really just need two softwares, which are FREE), manage the team accordingly and run the business from there.

I’m gonna put together a step-by-step video breakdown this weekend inside the new TRIBE U on the FIVE key things you need to do this for YOURSELF. 💵 💎

From what software to use, how to build a team, how to keep.

In the meantime, drop a comment if you’re ready to build some wealth and any questions if you want more…

Let’s get to work. 🙌

PS: If you can’t be bothered with video and just wanna get to work, we’re hosting a TRIBE U workshop that will help you get this process started on the spot. It’s $479 $49. 🔥

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Money

CHART: How Blockchain Powers Bitcoin

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Blockchain, Bitcoin. Bitcoin, blockchain.

The two terms go hand in hand—and have become almost ubiquitous with this year’s insane rise (and fall) of Bitcoin.

But what does it all really mean? How does it come together? In this week’s chart, our friends at CB Insights break down exactly how blockchain powers Bitcoin.

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