Category: Money

Never mind the naysayers. Earning a high income or achieving wealth is not out of reach. June 14, 2019 6 min read This story originally appeared on fee.org This summer, thousands of moms and dads will load their children onto buses and hug them goodbye as they head off to camp to pursue their childhood dreams. Many of these kids will devote their time to practicing their curveballs and base stealing on the diamond. Undoubtedly, all of them will be dreaming of becoming the next Mike Trout or Christian Yelich. But what are the odds that the kid sitting in the fourth row of that bus will actually make it to the big leagues? Slim, yet this kid in the fourth row is joyfully sent off to camp every year. Why is that? Because playing the game is fun, and there are lessons to be learned from goals that seem […]

Information and inspiration are valuable commodities in the entrepreneurial world. May 28, 2019 5 min read Opinions expressed by Entrepreneur contributors are their own. In every industry, there are Key People of Influence. Their names come up in conversation, they attract opportunities, they make more money and have more fun.  Key People of Influence (KPIs) are different from traditional Influencers associated with “influencer marketing.” Influencers focus on increasing their follower count on social media and aren’t taken seriously unless they have over 100,000 followers. In some industries, it takes a million followers to be considered an influencer. For an influencer,  income comes when brands pay to promote products to their followers.  Key People of Influence typically have a smaller but more respected profile; people know who they are and are clear about their value. Some Key People of Influence have just a few thousand high-quality followers while others are a little […]

Bhavin Turakhia and his brother Divyank started their billion-dollar journey with a $375 loan. April 16, 2019 5 min read Opinions expressed by Entrepreneur contributors are their own. Recently I had the pleasure of spending time with self-made billionaire Bhavin Turakhia. Bhavin is 39 years old, he was born in India to middle-class parents and has built and sold two companies for more than $1 billion.  He and his brother Divyank launched their first tech venture, Directi, with a $375 loan from their father in 1998. They sold four of their web presence companies — BigRock, LogicBoxes, ResellerClub, and Webhosting.info — to Nasdaq-listed web-hosting firm Endurance International Group, for $160 million in 2014. The brothers’ next venture was an adtech business called Media.net that sold for $900 million less than seven years after its launch.  What sets Turakhia apart from most technology entrepreneurs operating at this scale is that he has […]

The secrets to achieving this seemingly elusive goal are far more systematic than you might think. April 16, 2019 11 min read Opinions expressed by Entrepreneur contributors are their own. Want to become a millionaire? Better yet, how about making a million dollars per year? Maybe more? If that’s something you’re reaching for, join the club. It’s a goal sought after by countless souls on the planet. In fact, one study conducted by TD Ameritrade discovered that 53% of millennials expect to become millionaires in their lifetimes. The question is, how realistic is that dream?  Clearly, without a plan, there’s not much hope for anyone looking to make a small fortune or hit any big goal for that matter. But seven percent of millennials surveyed in that study think they’ll hit that illustrious 7-figure mark by the time they turn 30. Can they actually do it? Whether most people think it’s […]

Pro gamer Nick ‘Marksman’ Overton explains how to make money and have fun as he prepares for the Newegg + CLG Fortnite Challenge. April 8, 2019 5 min read Did your parents ever tell that video games would rot your brain? Did they also mention that video games could also make you fabulously wealthy? Nick Overton makes a killing, literally and figuratively, as a professional Fortnite player. Last year, the 27 year old from Iowa better known in gaming circles as “Marksman” left a long trail of dead digital competitors in his wake — and made $500,000 in the process. Entrepreneur caught up with the sharp-eyed assassin in advance of his appearance with other members of his esports team Counter Logic Gaming at the Newegg + CLG Fortnite Challenge, a Fortnite event being held at The Hulu Theater at MSG in New York City on April 24. The event, free to […]

March 19, 2019 15 min read This story originally appeared on GOBankingRates Making a livable wage can be a lifelong struggle. The mounting costs of housing and basic necessities can quickly add up, leaving you scraping to make ends meet rather than saving and building wealth. And depending on where you call home, that situation can be considerably worse. That’s why GOBankingRates conducted a study to identify the annual living wage needed to live comfortably in each of the 50 states, revealing that even if you’re comfortably middle class in one region, that doesn’t mean you won’t be living paycheck to paycheck in another. Not to be confused with the minimum wage, we define the “living wage” as the income you need to cover necessary and discretionary expenses while still contributing to savings. Using data from the Bureau of Labor Statistics and the 50/30/20 budgeting rule — which allocates 50 percent of your […]

The financial services industry has a huge opportunity (and challenge) to face in the next ten years. March 7, 2019 4 min read Opinions expressed by Entrepreneur contributors are their own. According to Orion Advisor Services, $12 trillion of business owner wealth is expected to transfer during the next ten years in the United States. This makes it one of the most significant opportunities for the financial services industry in a generation — but also one of the most challenging.  Business owners have been ignored for the most part by the marketing efforts of financial services firms. For the past 50 years, asset managers, wealth advisors and insurers have spent the majority of their efforts on marketing to the so-called “wealthy affluent” and corporations and their officers. And the unique behavior patterns, retirement goals, balanced planning needs, and risk mitigation strategies that business owners have are truly different than those of the “wealthy […]

Salesforce co-founder Marc Benioff shared his concern about inequality in San Francisco January 31, 2019 2 min read Last week, Oxfam International released its annual report which found that altogether, the wealth of the world’s 26 wealthiest people hit $1.4 trillion in 2018, which is as much as the total wealth of the 3.8 billion poorest people. Let that sink in: 26 people have the same amount of money as 3.8 billion. The study was published ahead of the start of the World Economic Forum in Davos, Switzerland, which is attended by some of the world’s most high-profile business leaders and policymakers. In 2018, the average speaker at Davos had a net worth of $414.3 million. In an interview with CNBC at the Davos, Salesforce co-founder and CEO Marc Benioff —  who has a net worth of $6.4 billion and who was in the news in September for buying Time […]

Just because you’re successful, doesn’t mean you are perfect. In fact, we’re all walking around with some sort of self-doubt or imperfection. We all have a bad habit or two we need to break. If you want to be successful, you need to be constantly reaching forward toward improvement. The sad fact is that most people who attempt to startup a business fail precisely because they fail to recognize their flaws. This is why today we’re going to illuminate some flaws even the most successful business people fall prey to. So let’s dig in and make some corrections. 1. Failing to Delegate It’s easy to take on everything on your own shoulders. Especially if you created your business all by yourself and now you’re taking on employees, it’s difficult to let go of the reigns. Just because you’re successful, doesn’t mean you are perfect. In fact, we’re all walking around […]

It happens to the best of us. It happens to everyone, even if you aren’t the best. Sometimes you feel like you can’t be stopped. And then suddenly, without warning, your income ceases to be what it was. You have no clue as to why. It just happened. There is no other way for you to explain it. So what do you do when the money slows down or even stops? Keep reading for a few tips. 1. Watch Your Eggs Never, ever, put all of your eggs into a single basket. This is the first think everyone should learn, no matter what they’re doing to make money. If you’ve ever talking to anyone about investing, you probably heard the term “diversify your portfolio“. And this is something you should do in all aspects of your life. Not just investing. If you’re building affiliate marketing websites, then now is the […]

If you’re trying to make extra money and cover basic needs, consider one of these tips. January 21, 2019 2 min read Opinions expressed by Entrepreneur contributors are their own. In this video, Entrepreneur Network partner Brian Tracy explains a few ways to take care of your family with money.  Tracy offers a few tips on how to increase your family’s income, so you may properly cover the expenses of clothing, housing, schooling, entertainment and your own retirement savings. If you are able to properly anticipate these costs, you can improve your quality of life.  Some of these tips include starting a side business. At times, one stream of income is not enough to meet all basic needs — you may need another source of self-generated income to help cover basics and cover other expenses. Other money-making tips include investing in real estate. If you are trying to make a profit, you […]