After Howard Schultz, the Starbucks titan with an estimated net worth of nearly $3.5 billion, appeared on 60 Minutes and suggested that he may run for President of the United States as an Independent, the media immediately began to focus on what the effect of a serious independent candidate could do to the 2020 election, with some speculating that Schultz could pave the way for Donald Trump’s re-election in the same way that Texas mogul Ross Perot’s independent bid in 1992 allowed Bill Clinton to oust George H.W. Bush. h
But, when I saw the news, I did not immediately think about the presidential election implications, but rather, the reason why Schultz is a public figure in the first place.
When he was running the coffee house Il Giorna, the owner of Starbucks (which then had only six locations in the Seattle area) approached Schultz to buy the six stores … Read the rest of this article!
I recently got a call out of the blue from someone that I went to Washington & Lee with back in the day. We were good friends during our Freshman year, but we joined separate fraternities, and for whatever reason, we didn’t hang out a whole lot after that.
Anyway, his grandmother just passed away, and he found himself in the verge of clearing almost $32,000 in an inheritance once the estimates fees and whatnot are taken into account.
He decided he wanted to invest the money. That decision alone put him ahead of most 24 year-old men out there.
But, of course, it leads to another far more important question: Invest in what?
That’s what prompted his call to me to discuss possible opportunities. He has a job, but no specific retirement accounts. That prompted me to suggest the following: Create a five-year plan and scale that money into … Read the rest of this article!
Most mortgage calculators only provide you with basic information regarding the home price, down payment, interest rate, and mortgage term. While these are often the most critical aspects of any home purchase, someone looking to calibrate their cost expectations for purchasing a home could grossly underestimate the expected costs as real estate property taxes must also be included in the cost of owning property, and also, homeowner’s insurance is almost an additional cost if you are borrowing to purchase a home.
Further, if you anticipate paying less than 20% on a home, you will also be subject to private mortgage insurance until have 20% equity in your home. These extra factors can almost certainly add several hundred dollars or more to the costs associated with home ownership, and it is important to take them fully into account before making a purchase. With that in mind, I have prepared a free … Read the rest of this article!
Today, I want to spend a couple minutes talking about a blogger named Darren Rowse, a man whose skill in building a blogging empire I respect immensely. He’s a guy who runs a collection of highly successful blogs, one of which is called problogger.net. If you visit the website worthofweb.com/calculator and punch in “problogger.net” into the site estimator, you will see that Darren’s website makes an estimated $26,000 per day, which is translated into $791,000 per month, which gives him a pre-tax income of almost $10,000,000 per year from this website alone (and keep in mind this is just one website that Darren owns).
Most likely, the readers of this site wouldn’t mind reaching a point in life where they make $18 every minute that they stay alive (and it’s really fun when you go to sleep for 8 hours and realize you just made over $8,600. Seriously, every time … Read the rest of this article!