Albert Einstein once said the biggest decision each person has to make in life is to figure out if they live in a friendly or hostile universe. When you Change the way you look at the world, the world will change around you. 😉
If we see the world as a hostile, angry, and resentful place, then that is what we will create for ourselves in life. Some people spend their time looking for occasions to be offended. They actually want to find something to be upset about. It gives them an excuse to be patronizing and gives them an ego boost. And there’s certainly no shortage of potentially offensive material in the world if we look for them. But it’s easier to change how we think about something than to change the rest of the world.
On the other hand optimists believe the world is abundant in kindness, resources, and prosperity. The most positive people are generally open minded and not attached to the idea that the world has to constantly revolve around them.
The good news is we can choose how we look at things. If we think the financial markets are going to crash and have a negative outlook on the economy then why would we invest? Why buy a home? Why not wait for the crash before jumping in to buy? Why buy stocks when it’s all just a gamble? It simply wouldn’t make sense to invest if we actually believe we are better off to stash our money under the mattress. But if this is the way we think then we’ll likely miss out on some huge gains in the future.
I watched part of the Republican debate earlier this month. Some Americans warn that if Donald Trump becomes the next President then there will be Hell toupée. 😠 But he also has a lot of dedicated supporters. He’s quite a polarizing political figure. But what’s even bigger than his brash character and bold hairstyle is his impressive portfolio of material wealth.
His net worth is not clear as it’s difficult to put an exact value on such intangibles like his brand. Many sources say he is worth about $4.5 billion while Trump himself claims he is worth about $8.7 billion. As a presidential candidate Trump is required by law to disclose his finances to the Federal Election Commission. This opens up his personal finances for the whole world to see. It’s a great opportunity for us to study what makes him so successful in business and how we can possibly do the same. Trump’s financial disclosure documents reveal that over the last 18 months he’s made at least $380 million. This means Donald Trump makes about $250 million a year. Wow! It must be hard for anyone to Trump that kind of income. 😛
If he does somehow over-comb the controversies and become the next U.S. president, I expect he would want to make some changes to the White House. 😉
🏢 Types of Incomes ⛳
Surprisingly only $14,000 of his $380 million income is from a salary, lol. This goes to show that the rich are very tax efficient. Salary and wages are the highest taxed income sources one can earn in both Canada and the U.S. Most of Trump’s income comes from his business and investments. He owns the Trump Tower Chicago, the Trump National Golf Club in N.J. and the Mar-A-Lago resort in Palm Beach, Fla, among many other properties. Roughly half of his income, about $200 million during the 18 month filing period, came from golf courses and resorts. He also earned at least $10 million in royalties for licensing his brand to not only luxury hotels, but also to vodka makers and energy drinks companies.
Minions are cute yellow critters created by the brilliant minds who work at Universal Studios, and they are taking the world by storm. The Minions movie opened last month in Indonesia and then subsequently released in Australia, UK, and other countries. This past weekend was the North American début. Across Canada and the U.S., Minions opened in 4,302 threatres. On average each location sold $26,800 of tickets means the movie made an estimated $115 million domestically. That makes it the 2nd biggest opening for an animated film ever! only behind Shrek the Third. But all the Shrek movies are ogre rated if you ask me. 😆
The Minions Are Everywhere
Minions are taking over the world, drawing in consumers globally, and making large profits for its shareholders. Universal is owned by the publicly traded company, Comcast (CMCSA.) It only cost Universal $74 million to make Minions, according to Wikipedia, but the film has already made over $395 million at the box office world wide. Golly. What a terrific return on investment! 😉 It’s rare for the 3rd movie in a franchise to perform this well. The chances of that are probably one in a minion. 😆
Another way to have those Minions work for us is to buy Minion toys from McDonald’s. This investment method requires only $2 to get started so anyone can do it. The popular fast food company has teamed up with Universal to deliver little Minion toys that can talk. They come with every Happy Meal or can be purchased separately. If we manage to collect all 12 different Minions from McDonald’s then decades from now we could sell these toys for potentially hundreds of dollars. Ka-ching, baby. 😉
Universal’s other summer blockbuster this year, Jurassic World, raked in $1.47 billion at the box office so far and is the 5th highest grossing film of all time, right behind Furious 7, which also happens to be a Universal film, lol. I suppose that’s why Comcast shares are up 9% over the past month. What a great start to the summer.
I’ve been blogging for awhile now and it’s been a pretty fun experience for me so far. This hobby has allowed me to meet interesting people online which have continued into real friendships offline and encourage me to research all kinds of interesting financial topics that I would have otherwise not learn about. It also helps me flush out my ideas and shower-thoughts further by spelling them out into words. Some people have asked me how to go about creating their own piece of real estate on the internet so today I thought I’d share how to start a blog.
Reasons you may want to start a blog:
To keep yourself accountable
To write and learn about something you feel passionate about because you enjoy it
To keep a record of your goals and accomplishment
To compliment your career or other aspects of life
To earn some side income
To express yourself online using words, pictures, or video (ie: vlog)
My reasons for blogging today are the same as when I started 5 years ago; to track my progress to become financially independent and share my journey for anyone who wants to read it. So far it’s been a pretty enjoyable experience.
There are many ways to start a blog. If you just want to blog about your cat for your family and friends to see then you can use a service such as tumblr.com, weebly.com, blogspot.com, or wordpress.com. You’ve probably seen some of these sites around online. These kinds of blogs take a few minutes to set up and are pretty straight forward. But if you want your blog to have a wider appeal, own your domain name, and have more customization options then you probably want to create a self hosted blog. This means it won’t be free, but you get to have complete control and ownership of the files on your blog, and instead of having a website like www.YourBlogName.blogspot.com, you will actually have www.YourBlogName.com, or whatever name you choose. This can be a little tricky to set up so let’s go over some key details.
Creating a Self Hosted Blog
Step 1: Register your domain name. There are many registrars out there, but hosting companies like bluehost.com will allow you to register a website as well as host all your site’s contents with them. I’m going to use Bluehost as an example. My blog is being hosted on their servers. There are a few different pricing options but it appears they currently have a deal going on right now.
After signing up for an account at Bluehost it’s time to register a domain name, which is your website’s url. You can either choose a new domain name, or transfer over an existing one if you already have one registered elsewhere. When creating your domain name I would try to keep it easy to remember, and not too long, and don’t add dashes “-” or other weird symbols. Also try to keep the name relevant to your blog’s purpose. For example if you enjoy blogging about vegan recipes or writing restaurant reviews you could try to register the domain: myveganfoodblog.com. After this step you will be taken to your site’s cpanel page.
If you happen to have $3 million just lying around you can install a home theater system, IMAX style. The 3D theater company will install one of its screens, along with the projectors, seats, and lighting all in the comfort of your very own house. Actually, most houses won’t even fit the installation. IMAX needs a room that’s a minimum of 21 feet wide, and 20 feet deep, plus 10 feet of additional space for the projection. That’s roughly a 600 square feet room, except it also has to be 12 feet high, lol.
Once it’s installed you can watch Hollywood blockbusters the day they hit theaters. You just have to pay $500 per movie. You can also watch sports, play video games and stream concerts on the large, crystal-clear projection screen and custom sound system.