Wednesday, February 7, 2018

Where to invest?

#invest 
#Disney 
#bizzard
#overwatch
#cash 
#work

Stock investment of $600 in to......

.....Blizzard stock @ $70/ share I would have 8.5 shares, I  keep the change

or

......Walt Disney @ $105/share I would have 5.5 shares. I keep the change 

We all know Disney just bought Fox studios so they just made a crazy investment into their company so common sense says damn these people are going to be getting paid one day not to long from now. 

And then their is Blizzard this gaming company mad the game of the year which turned into this.
The Overwatch League (abbreviated as OWL) is a professional eSports league for the video game Overwatch, developed by Blizzard Entertainment which also oversees the League. The Overwatch League aims to follow the model of traditional North American professional sports, using a set of permanent teams and regular season play, rather than the use of promotion and relegation used commonly in other eSports leagues. Each team franchise is backed by an owner, and players that are signed onto the team are assured a minimum annual salary, benefits, and a portion of winnings and revenue-sharing based on how that team performs in the season.
The League was announced in November 2016, and the first twelve teams were established within a year from that. The first season started regular season play in January 2018, to run through June 2018, followed by post-season playoffs and an All-Star weekend to occur in July. A total prize pool of US$3.5 million is available to teams within the first season.

I am trying to make some money work for me thinking about how and where I should put it to work? Stock into Blizzard, Disney or maybe even and Index fund. If you know something or would send me some ideas, shoot em over. 

Thanks Joey The GGGent.

Monday, February 5, 2018

The millionaire next door

The Millionaire Next Door.
Many people who live in expensive homes and drive luxury cars do not actually have much wealth. Then, we discovered something even odder: Many people who have a great. deal of wealth do not even live in upscale neighborhoods
Wealth is not the same as income. If you make a good income each year and spend it all, you are not getting wealthier. You are just living high. Wealth is what you accumulate, not what you spend.

Millionaires and you
Nearly one-half of our wealth is owned by 3.5 percent of our households. Most of the other households don't even come close. Many live from paycheck to paycheck. These are the people who will benefit most from this book.
The millionaires we discuss in this book are financially independent. They could maintain their current lifestyle for years and years without earning even one month's pay. The large majority of these millionaires are not the descendants of the Rockefellers or Vanderbilts. More than 80 percent are ordinary people who have accumulated their wealth in one generation. They did it slowly, steadily, without signing a multimillion-dollar contract with the Yankees
The Seven Factors
Who becomes wealthy? Usually the wealthy individual is a businessman who has lived in the same town for all of his adult life. This person owns a small factory, a chain of stores, or a service company. He has married once and remains married. He lives next door to people with a fraction of his wealth. He is a compulsive saver and investor. And he has made his money on his own. Eighty percent of America's millionaires are first-generation rich.

1. They live well below their means

2. They allocate their time, energy and money efficiently, in ways conductive to building wealth

3. They believe that financial independence is more important than displaying high social status

4. Their parents did not provide economic outpatient care. Once the kid moved out the kid was responsible for one’s financial responsibilities. Damn it is a hard knock life. Don’t worry girls yo can always come home and raid my refrigerator.

5. Their adult children are economically self-sufficient. These kids do not need to come home and raid my refrigerator. They can support them self’s. Way to go mom and dad.

6. They are proficient in targeting marketing opportunities.

7. They chose the right occupation. It is now 2018 when technology is having a huge impact on the world. Get into being creative learn how to code, design games you should be happy in this occupation.

In The Millionaire Next Door, you will study these seven characteristics of the wealthy. We hope you will learn how to develop them in yourself.

The Research

What have we discovered in all of our research? Mainly, that building wealth takes discipline, sacrifice, and hard work. Do you really want to become financially independent? Are you and your family willing to reorient your lifestyle to achieve this goal? Many will likely conclude they are not. If you are willing to make the necessary trade-offs of your time, energy, and consumption habits, however, you can begin building wealth and achieving financial independence. The Millionaire Next Door will start you on this journey.

The Millionaire Next Door.

About two-thirds of millionaires are self-employed. Interestingly, self-employed people make up less than 20 percent of the workers in America but account for two thirds of the millionaires. Also, three out of four millionaires who are self-employed consider ourselves to be entrepreneurs.

Our household's total annual realized (taxable) income is $131,000 (median, or 50th percentile), while our average income is $247,000. Note that those of us who have incomes in the $500,000 to $999,999 category (8 percent) and the $1 million or more category (5 percent) skew the average upward.
On average, our total annual realized income is less than 7 percent of our wealth. In other words, we live on less than 7 percent of our wealth.

Ok so exactly what does that mean? Millionaires, millionaires who have million dollar ball park accounts  are only living on $70,000 a year?

www.gggent.com
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