Money
TOP 10 GOOD MONEY HABITS YOU SHOULD ADOPT THIS YEAR
Although you may have ambitious plans with your money, bad habits can stand between you and your goals. However, creating good money habits can make all the difference between financial success and failure.
Sure, creating the right money habits will take time, but eventually, they’ll become second nature, helping you achieve even your most ambitious goals. With that being said, here are a few of the most effective money habits you can develop to help you reach your goals and find more financial success this year.
10 EFFECTIVE MONEY HABITS
1. Budget
Create a budget and commit to it. Budgeting is a good money habit that gives you control over your finances. It is a plan for how you intend to spend your money every month. The most popular budget-planning ways include:
- Budgeting apps
- The 30-30-30-10 rule
- Online cash envelopes
- The 50/30//20 rule. 50 percent of your income goes to necessities, 30 percent goes to wants, and 20 percent goes to your debt or savings
- 60-30-10 budgeting
If you are unsure, consider trying a few options before settling for one. The goal is to find a budgeting technique that works for you.
2. Plan Your Purchases
Unplanned purchases may be fun, but they will cost you heavily in the long run. Create a list and stick to it when you plan to get a few items from the drugstore. Be sure of the amount you wish to spend and whether you can afford to make a few adjustments. This way, you get everything you want without falling into the trap of impulse buying.
Even the most minor unplanned purchases can add up and get you off track over time. The same applies to online purchases. Before opening your favorite online store, figure out what you want and create a budget.
3. Have Clear Financial Goals
A great financial habit to hone, is to create clear financial goals. If you don’t have clear financial goals, you have nothing to work towards. Having goals is one of the most crucial money habits.
Saying you wish to save money isn’t enough. You must attach specific numbers and timelines to your goals. You also have to attach some action to your ambition. Try making your financial goals as detailed as possible. Here are a few essential questions to ask when setting your financial goals:
- How much money can you afford to put towards your goals every month?
- Do you have a way of measuring your progress?
- Can you find extra money in your budget to help speed progress for your goals?
- What are your time limits?
Related: Smart Moves for Financial Success
4. Consistent Financial Education
Invest in consistent financial education even if you don’t think you need it. No matter how disciplined you think you may be, there’s always something new to learn. According to Kenneth Boyd, an expert from AIS-CPA, taking a financial crash course is a great idea.
However, you don’t need to go that far. The internet has many helpful resources that may help you accomplish your financial goals. Read finance websites and blogs, listen to finance podcasts, and learn from those around you.
5. Pay Yourself First
One of the best ways to avoid overspending is by creating a budget. However, if the goal is to grow your savings, always pay yourself first. When you get your paycheck, the first thing you should do is put a specified amount towards savings.
Create your budget with whatever is left. If you wait to pay yourself after settling your bills, you may not have enough left to meet your financial goals.
With that being said, a simple and effective way to get this good habit started, is to set up an auto-transfer of a specified amount of money into your savings account(s) to make this possible.
6. Lean In On One Spending Category
Trying to save in all aspects of your life can be challenging. If you are always looking for opportunities to save, it may feel like you are spreading yourself too thin. It would be easier to commit to saving in specific areas.
Start with the easy steps. If you spend a lot on redundant things, cut back. Easy wins will motivate you to keep going. If, for example, you have recently joined your local sports league, it may be okay to give up your gym membership. If you have been going out for brunch every weekend and can’t imagine giving it up, save on your grocery shopping. You don’t need to save on everything at the same time.
7. Track Your Spending
Tracking your spending isn’t as simple as it may sound. It isn’t surprising that 65 percent of Americans can’t explain what they spend on every month. This is a money habit that you need to ditch immediately. Start tracking every dollar. It is the only way to know what needs to change. Here are a few tips to keep track of your spending:
- Use a spreadsheet to record your expenses
- Use tracking software
- Write everything down
Related: Retire Young by Tracking This
8. Increase Your Income
Identify opportunities to increase your income and take advantage of them. Making the most of what you already have is essential, but it is crucial to strive to get more.
Increasing your income will ultimately give you more flexibility and freedom. And when you have more income, saving and budgeting becomes easier. In addition, when you increase your income, you’ll simultaneously be creating a safety net around your initial financial goals by minimizing the chances of spreading yourself too thin.
9. Track Your Progress
Tracking your progress motivates you to keep pursuing your financial goals. Take some time every month to see how much you have accomplished. How much have you saved? How much debt have you paid off? What can you do better?
If you have been saving for something, keep track of how close you are getting to it. Seeing results does not only boost your motivation. It also points out what you need to do better.
10. Review Your Plan Regularly
Out of all of the good money habits mentioned, this last one can’t be recommended enough. Why? Because having a plan for your finances is great, but it isn’t enough. You must review and update your plan to suit your changing financial needs and lifestyle.
The plan should help in assessing, planning, and improving your current and future financial life. With that being said, it would be wise to review your plan once every six months or whenever you make significant life changes.
Related: Get Rich With A 9-to-5
Bonus Money Habit
This bonus habit has to do with your money mindset. One of the best ways to improve how you think, feel, and handle your money, is to go to work on your mindset. Reading personal finance books is one way to do this, but another way that is quite effective, is to employ money affirmations or mantras.
If you’re not familiar with affirmations or mantras for improving your mindset, here is a great place to start: money affirmations
So, give them a try. You have nothing to lose, and only improved money habits to gain.
Final Thoughts
There you have it, the top 10 money habits you should adopt this year to increase your financial success. Here they are again as a quick recap:
- Create a Budget
- Plan Your Purchases
- Have Clear Money Goals
- Consistent Financial Education
- Pay Yourself First
- Leon In On One Spending Category
- Track Your Spending
- Increase Your Income
- Track Your Progress
- Review Your Plan Regularly
- Improve Your Money Mindset
Developing the proper money habits will propel you into a richer, more fulfilling life. It can also help you meet your financial goals.
While bad money habits will leave you struggling and in debt. So, employ these good money habits and you’ll be well on your way towards creating a brighter financial future for yourself.
Till next time,
STRIVE
PS – If you enjoyed this article on some of the most effective money habits you should adopt, then you’ll love this post on the best money quotes of all-time. Why? Because they will help you strengthen your money mindset. And a stronger money mindset leads better money management.
Money
TOM BRADY’S NET WORTH + HOW MUCH HE’LL MAKE IN RETIREMENT
Tom Brady is one of the biggest names in the sport of Football these days. As the quarter back for the New England Patriots and more recently, the Tampa Bay Buccaneers, Brady has managed to accomplish what few have ever accomplished in the sport before him. He’s tallied up the most victories by a quarterback, the most touchdowns, and as of late, the most super bowl championships. All of which has led him to be considered the G.O.A.T (Greatest of All-Time) in many fans eyes. And with such heights of achievement comes money and wealth.
So, that’s exactly what this page will be highlighting, Tom Brady’s net worth and his earning power. And, just for good measure we’ll also include a few fun facts related to his success and influence. So, let’s dive in.
What Is Tom Brady’s Net Worth?
So how much is Tom Brady worth? Well, considering he’s pulled in over $333 million after playing for the NFL for 23 seasons, his fortune is staggering.[1] Even after his recent split from his fashion model wife, Giselle Bündchen. That said, as of 2023 Tom Brady has a net worth of approximately $290 million.
Since signing with the Tampa Bay Buccaneers, he’s managed to pin down a two year contract for $50 million. As such, Tom Brady’s average annual earnings from this contract alone (not including any special incentives) is $25 million. But, after getting his team into the playoffs, and then winning a super bowl, his average earnings for 2020 was around $28.3 million.[2]
With that said, Brady’s average earnings for 2021 was approximately $41 million, and for 2022 his earnings were landing in the $30 million range.
How Much Could Tom Brady Make If He Retired?
With all the media attention Brady’s been getting with his talk of possible retirement, some questions many people have on their minds is, “What will Tom Brady do after retirement?” and “How much will Tom Brady make after he retires?”
Well, we can’t answer the first question, but, we can provide you with a pretty solid predication for how much money he could rake in per year if he wanted to, post retirement.
So, if you’ve ever wondered how much Tom Brady could make per day, month, or even a year, after he retires, here is what we’ve come up with.
To provide you with this estimate, we have to infer that Tom Brady is a savvy enough investor to earn an annual 4% yield on his combined $290 million net worth ( by the way 4% is a very reasonable return to expect, considering historical returns on safe investments tend to fall between the 3% to 5% range [3]).
Therefore, if Tom Brady hypothetically liquidated all of his assets and invested them into a handful of stock or REITS with a modest 4% dividend yield, he could very easily make (and at a minimum) approximately $11.6 million per year in retirement.
Not a bad retirement income eh?
Here’s a little breakdown of how much Tom Brady could make every month, day, etc..
Tom Brady’s Money Metrics
Money Metric | Amount |
---|---|
2023 Net Worth: | $290,000,000 |
**Earnings Per Year: | $11,600,000 |
Per Month: | $970,000 |
Per Week: | $223,076 |
Per Day: | $31,868 |
Per Hour: | $1,327 |
Per Min: | $22.13 |
Per Sec: | $0.37 |
Note: this is a hypothetical (but very possible) earnings Metric for Tom Brady based off of his net worth’s earning power alone. It does not include how much he will or can potentially earn from his other projects, sponsorships, businesses, or social media, etc. This calculation is for entertainment purposes only.
Tom Brady’s Social Media Influence
Have you ever wondered how influential Tom Brady is? Or how much he’ll be able to earn just from his social media once he’s finally done with football? If so, we got you covered.
These days, Tom Brady has around 13.7 million Instagram followers, 5 million Facebook Followers, 4.7 million Tik Tok followers, and roughly 3 million Twitter followers. All of which comes out to a grand total of 26.4 million social media followers.
So what could having over 26 million social media followers earn Tom Brady? Well, according to current social media market pricing, Brady could easily demand around $230K per sponsored post, if he wanted to. It’s not much in comparison to what he’s earned in the past, but it’s nice to have options.
Surreal! @bradybrand is now available at @DICKS House of Sport locations, and online. Go check out the gear along with a few displays from my personal locker. pic.twitter.com/P59MLvmslP
— Tom Brady (@TomBrady) January 27, 2023
Fun Facts:
- Here’s a fun fact; Tom Brady’s ex-wife Gisele Bundchen has a net worth that is actually larger than Tom Brady’s. With her net worth coming out to around $400 million.[4] It’s too bad they got divorced, because their combined net worth would have been around $733 million. [5]
- Brady’s first job was as a paperboy.
- Tom Brady didn’t start playing football until he was a freshman in high school.
- Brady was a back up quarterback for 2 Years at Michigan before he got his shot.
- He was the 199th pick in the 2000 NFL draft.
- Tom Brady was the highest paid football player in the NFL in 2022.[6]
For those who don’t typically watch football or keep up with ESPN, you’re likely not privy to how Tom Brady has become so successful. So, we’ll provide a quick summary for you.
How Did Tom Brady Become So Rich and Successful?
In short, Tom Brady has become extremely successful by mastering his emotions and his ability to execute under pressure. Most fans of the sport would agree, that he is one of the most level headed players in the league, and he has the ability to manage his poise under pressure.
In fact, his focus and ability to execute flawlessly under extreme pressure has helped him earn the most 4th quarter comebacks of any professional football player in history.
His ability to bring his team back from huge deficits to eventually win game after game consistently has earned him the moniker of ‘The Comeback Kid’. Indeed, there is much more to what has made Tom Brady so successful over his career, but this is the one thing that helped him rise above his contemporaries.
That said, if you’re looking for a deeper dive into how he became the legend he is today, you’ll want to check out our Tom Brady Success Story.
In His Own Words
Of course, Tom Brady has been known to contribute his own success to other things. And in his own words, he sums it up best with his following quotes:
Related: Inspiring Tom Brady Quotes
Start Building Like Brady
Despite what most people believe, you don’t have to be superstar athlete or movie start to make millions of dollars per year. In fact, most self-made millionaires grew their small fortune not through some large sports deal, or striking it big in Hollywood, nor by winning the lottery, but by slowly growing their net worth over time.
Sounds crazy we know, but it’s true. That said, if you want to start building your net worth like Tom Brady, you can either wait for the NFL to come knocking at your door, or start training up to give tryouts a shot.
Or, you can make a solid plan and start taking action to build your own net worth starting today. The choice is yours.
Related: How to Get Rich With a 9 to 5 Job
Key Takeaways on Brady’s Net Worth
Here are some key Tom Brad takeaways:
- Tom Brady’s Net Worth: $290 million
- Annual Earnings**: $11.6 million
- Social Media Followers: 26.4 million
- Social Media Earning Power: $230K per sponsored post
- Keys to Success: Mental Toughness, Effective Execution, Always Improving
Tom Brady’s sizeable net worth is directly related to his leadership qualities, his obsession with improving his craft, and his ability to stay calm and execute under extreme pressure. His wealth also has a lot to do with his longevity in the league.
With that being said, we hope you’ll take this information, and let it inspire you towards mastering your ability to perform under pressure, constantly improving what you bring to your own industry, and putting in the time your success requires.
Till then,
STRIVE
PS – If you enjoyed our Tom Brady Net Worth page, then you’ll love the net worth profile for the G.O.A.T. when it comes to European Football, Cristiano Ronaldo.
** These earnings are hypothetical and calculated off of the earning power of Tom Brady’s net worth alone, assuming a 4.5% dividend yield.
Money
RYAN PINEDA NET WORTH + HOW HE BUILT HIS WEALTH
Ryan Pineda is a highly successful real estate investor, entrepreneur, and rising star on social media. He’s managed to start and grow six successful 7-8 figure businesses, flip over 500 houses, and achieve a remarkable 500+ million views on social media. In addition to this, Ryan is also the author of Amazon’s #1 best seller, “The Wealth Way”. That said, Ryan knows a thing or two about wealth building, so that’s exactly what this post will be covering; The net worth of Ryan Pineda, how much he earns, and how he built his empire.
What Is Ryan Pineda’s Net Worth?
Ryan became a millionaire at the age of 30, and he’s continued to build his wealth ever since. He personally revealed his net worth in 2021 to be valued conservatively at $7.1 million.[1] His estimate included $4.6 million in real estate equity, $800K tied up in house flips, $1 million in cash, $300K in stocks, and $400K in equity. That said, Ryan left out the valuations of his businesses, but he unofficially stated that were worth around $11.9 million.
Now, that was over two years ago, and Ryan Pineda has been busier than ever growing his brands, businesses, and books sales. So, per our per our research and analysis, after calculating data drawn from various public sources in conjunction with the performance of the markets (not-including his businesses valuations) and the various asset classes he is invested in, Ryan Pineda’s net worth is approximately $10 million in 2023.
How Much Does Ryan Pineda Make Per Year?
Ever wonder how much Ryan Pineda makes per year? Well, we know he nets over $1 million per year from his online businesses alone, and that he has multiple million dollar per month business funnels set up which have earned him over $40 million in revenue over the past three years. But, these are unofficial numbers that don’t account for his exact take home income.
That said, here’s how much Ryan Pineda could very easily make per year if he decided to retire today, and cash in on his $10 million fortune.
Presupposing he invested his entire net worth into a handful of stocks, REITs, or ETFs to earn his money a bit more passively, Ryan could very easily pull in nearly half a million a year for the rest of his life. The exact amount is actually $400,000 per year, as we rounded up.
Here’s a little more detail on the earning power of Ryan Pineda’s multi-million dollar empire.
RYAN PINEDA’S MONEY METRICS
Money Metric | Amount |
---|---|
2023 Net Worth: | $10,000,000 |
**Earnings Per Year: | $400,000 |
Per Month: | $33,333 |
Per Week: | $7,692 |
Per Day: | $1,099 |
Per Hour: | $45.7 |
Per Min: | $.76 |
Per Sec: | $.012 |
Note: this is an estimated (but very possible) earnings Metric based off the earning power of Ryan Pineda’s net worth alone. It does not include how much he actually makes from projects, sponsorships, his podcast, YouTube channel, businesses, or social media, etc. This calculation is for entertainment purposes only.
Ryan Pineda’s Net Worth History
Here’s a brief breakdown of Ryan Pineda’s net worth history. It highlights the change in his fortune over the past three to four years, beginning with his $4.3 million net worth valuation back in 2020.[2]
So, if you’ve wanted to know how much his wealth has changed over the years, here you go:
Ryan Pineda’s Social Media Earning Power
Ryan Pineda has 315K million Instagram followers, 17.7K Twitter followers, 87K Facebook followers, 1.2 million Tik Tok followers, and 291K YouTube subscribers. As such, the grand total of his social media followers is approximately 1.9 million social media followers.
So, this begs the question, “how much can Ryan’s social media reach earn him?” Well, according to current social media marketing rates, if Ryan chose to leverage his social media reach, he could easily charge interested buyers and businesses $18K per sponsored post.
Of course, this number we just provided you doesn’t include how much he can potentially make by strategically using social media to funnel visitors or customers to his products or services.
How Did Ryan Pineda Get So Rich?
Ryan Pineda was once a professional baseball player for the Oakland A’s, but his create was short-lived after he was released in his 3rd year. He managed to play for a few more years for a semi-pro league overseas, but he was barely making any money. So, he began dabbling in real estate as a sales agent for a few years on the side just to make ends meet.
However, it didn’t take Pineda very long to realize that the real money to be made in real estate wasn’t in sales, it was in buying real estate. But before he would get into the investment side of real estate, he first found success as a couch flipper.
Pineda managed to earn around $8K a month in the couch flipping business, but after a short while he felt like could do more. So with only $10K to his name, and a few overleveraged credit cards, he decided to invest in real estate as a flipper.
As fate would have it, just a few month after his first purchase Pineda pulled off his first flip for a decent-sized profit of $25K, and then he quickly made another flip for $15K. Those first few successes gave Pineda the confidence and moment to continue investing and flipping homes, and once he went all in after being release from his semi-pro baseball team, Ryan’s success in the business exploded.
Pineda would go on to leverage the profit from his flips to invest in even more houses to flip. And as the years flew by, he accelerated his house flipping pace until he eventually had over 500+ flips under his belt.
That said, Ryan also branched out into other businesses along the way, starting a real estate brokerage, an tax service firm, business coaching, a media business, and many others.
So, Ryan Pineda got rich flipping real estate, and he’s become even more wealthy by expanding into multiple businesses, while simultaneously creating a social media empire. He took action, took calculated risks, and hustled.
Certainly, you kind find out more details about how he became so rich and successful in his best-selling book, “The Wealth Way”.
Note: We’re reader-supported. When you buy through links on our site, we may earn an affiliate commission.
Related: How to Get Rich With a Normal Job
Key Takeaways
Here are some key Ryan Pineda takeaways:
- Ryan Pineda Net Worth: $10 million
- Net Worth Earning Power **: $400,000 per year
- Social Media Followers: 1.9 million
- Social Media Earning Power: $18K per sponsored post
Ryan Pineda’s net worth is directly related to his penchant for action and taking intelligent risks. As he continues to master the other businesses he’s involved in, as well has social media reach, there’s little doubt that his net worth won’t continue to compound over the years.
That said, if you’re looking to build wealth like Pineda, be sure to check out his You Tube channel or his site, the WealthyWay as he’s consistently giving solid advice to help people get
Till you reach your aims,
STRIVE
PS – If you enjoyed our Ryan Pineda net worth profile, then you may equally enjoy learning about the net worth of other high achievers and influencers like Grant Cardone or Tai Lopez.
** These earnings are hypothetical and calculated off of a 4% annual yield.
Money
KEVIN O’LEARY’S NET WORTH + HIS IMPRESSIVE EARNING POWER
Kevin O’Leary is a world-renowned businessman, entrepreneur, author, venture capitalist, and T.V. personality. Most know him as Mr. Wonderful from his charismatic presence on the hit reality T.V. show, ‘Shark Tank’. And, as a successful entrepreneur and venture capitalist, O’Leary has founded, invested, and sold numerous businesses over the years, bringing him fame, financial success, and a massive net worth. So, that’s exactly what we’ll be highlighting on this Kevin O’Leary Net Worth page; his fortune and his earning power.
“You Don’t Build Wealth Part-Time.”
– kevin o’leary –
So, if you’ve ever wondered what Mr. Wonderful’s net worth is, and how much he makes or could make, then let’s dive right in to the numbers.
What Is Kevin O’Leary’s Net Worth?
Kevin O’Leary’s net worth in 2020, 2021, and 2022 was reported to be around $400 million per Celebrity Networth.[1] However, considering the market’s (both real estate and stock market) shift over the past three has been a net gain, and considering this “Shark” invests for a living, at the very least, the estimate for Kevin O’Leary’s net worth is unquestionably higher.[2]
That said , we all know Mr. Wonderful is all about building wealth full-time, so it’s highly unlikely that his net worth would remain stagnant for 3 years in a row.
Therefore, after incorporating the years of growth and assessing the growth rate of his various assets, we place Kevin O’Leary’s net worth as of 2023 at approximately $483 million. As such, this makes him the 2nd richest Shark from Shark Tank, just below billionaire Mark Cuban’s net worth.
How Much Does Kevin O’Leary Make?
With a sizeable net worth like this, you probably want to know how much Kevin O’Leary makes a year. Well, he earns about $30,000 per Shark Tank episode, and there’s an average of 24 episodes per year. So, from Shark Tank alone, he pulls in approximately $720,000 per year.
Kevin O’Leary also started a wine venture known as O’Leary Fine Wines, which he’s apparently transitioning into an affordable luxury business known as Shop Mr. Wonderful. His income from this venture has yet to be disclosed. O’Leary also earns royalties from books he’s authored, fees from speaking engagements, management fees from his investment Fund (O’Leary Investments) and dividends from his own investments.
That said, we don’t have a definitive number for you when it comes to Kevin O’Leary’s salary.
The Earning Power of O’Leary’s Net Worth
However, here’s a baseline income estimate that Kevin O’Leary could easily make per year based off of the earning power of his Net Worth alone. To get this estimate, we must first assume he’ll take his entire $483 million net worth, cash it out, and then reinvest that money into a bucket of assets that can pay out on average 4.5% annually.
4.5% is a reasonable estimate annual yield, considering 3% to 5% is what the average returns on extremely safe investments have been historically.[3]
That said, after crunching the numbers, Kevin O’Leary could easily make $21.75 million per year starting today by leveraging his net worth. All he’d have to do is liquidate all his assets and place them into a few safe haven dividend paying stocks, ETFs, or REITs.
Assuming he did this, here’s what that type of pay out would look like monthly, weekly, and daily.
Kevin O’Leary’s Money Metrics
Money Metric | Amount |
---|---|
2023 Net Worth: | $483,000,000 |
**Earnings Per Year: | $21,735,000 |
Per Month: | $1,811,250 |
Per Week: | $417,981 |
Per Day: | $59,711 |
Per Hour: | $2,487 |
Per Min: | $41.46 |
Per Sec: | $.69 |
Note: this is a hypothetical (but very possible) earnings Metric for Kevin O’Leary based off of his net worth’s earning power alone. It does not include how much he potentially earns from projects, sponsorships, his participation on Shark Tank, or social media, etc.. This baseline calculation is for entertainment purposes only.
Kevin O’Leary’s Social Media Influence
If you’ve ever wondered what Kevin O’Leary’s social media influence is, and how much his social clout could earn him? Here’s your answer.
Kevin O’Leary has over 441K million Facebook followers, 986K Twitter followers, 1 million Instagram followers, and 837K YouTube followers, which comes out to a grand total of 3.2 million social media followers.
That said, if Kevin O’Leary chose to leverage his social media influence, he could earn roughly $30K per sponsored post.
There is no difference between collecting fine #watches and #fineart They are both alternative asset classes. In fact, my watch collection has outperformed the #S&P for over a decade. Now I want to turn it up to 11. There is only one place to go. One of A Kind! @AudemarsPiguet pic.twitter.com/czdL4kIImY
— Kevin O'Leary aka Mr. Wonderful (@kevinolearytv) February 8, 2023
Kevin O’Leary Key Facts
- O’Leary’s mother taught him everything he knows about investing.
- Kevin O’Leary’s birth name is Terence Thomas Kevin O’Leary.
- He’s the proud father of 2 children (Trevor & Savannah).
- He’s an avid collector and investor of watches.
- Kevin’s worst investment cost him over half a million dollars.
- He’s invested in over 40 different deals found on Shark Tank alone.[4]
How Did Kevin O’Leary Get Rich?
Kevin O’Leary didn’t get rich over night. While in grad school studying for his MBA, Kevin started an internship with Nabisco that would eventually turn into a full-time job. From this job he learned the ropes of business and marketing as an assistant brand manager.
But his corporate career was short lived, as he left this job to start an independent production company with a few of his former classmates. The new business saw limited success, but O’Leary would eventually get bought out of his position in the company for $25,000.
O’Leary would go on to leverage this payout, as well as $10,000 of seed money he was able to borrow from his mother to help get his newly co-founded software distribution and publishing company off the ground. The company was named Softkey.
Kevin O’Leary would go on to grow Softkey year over year, conducting a handful of acquisitions in the process. After 13 productive years of growing the company, O’Leary and co. finally sold to Mattel for $4.2 billion in 1999.[5] It was at this point that Kevin officially became not just rich, but free.
As they say, the rest was history. A few short years after O’Leary became a multimillionaire, he landed a role on Canada’s version of ‘Shark Tank’, ‘The Dragon’s Den. Then just a few years later he made his onto the big show, ABC’s ‘Shark Tank’.
He’s been involved in a variety of projects within the private equity world, and creating his own mutual funds and ETFs ever since.
Kevin O’Leary On What It Takes
That said, here are few additional success and financial insights from Mr. Wonderful. These quotes paint a solid picture on the mindset and thinking that has helped him build the fortune he now enjoys. Here you go:
Related: Kevin O’Leary Success Quotes
Additional Financial Insights
If you want to dig deeper into the thinking process that has helped Kevin O’Leary dramatically grow his wealth, the video below is worth watching. It provides some generous advice on what it takes to get rich in 90 days from Mr. Wonderful himself:
Video Credit: Kevin O’Leary (Subscribe Here)
Related: Get Rich With a Normal Job
Key Takeaways
Here are a handful of key takeaways from our Kevin O’Leary net worth page:
- Kevin O’Leary Net Worth: $483 million
- Annual Earnings **: $21.75 million
- Social Media Followers: 3.2 million
- Social Media Earning Power: $30K per sponsored post
- Keys to Riches: Taking Risks, Business Ownership, Hard Work
The net worth of Kevin O’Leary is impressive and without a doubt it is continually growing. His business acumen and investment prowess seems to only be getting sharper with time. As such, we project his fortune will grow to over $1 billion within the next 10 years or less.
That said, Kevin O’Leary’s sizeable fortune is something that should inspire us. Certainly, it’s large and it may even seem impossible to obtain for many. But, it doesn’t have to be. Nor does it mean that we shouldn’t aspire to learn and build our own fortunes.
Till you reach aims,
STRIVE
PS – If you enjoyed this Kevin O’Leary net worth profile, then you’ll likely enjoy perusing through the some of the net worth profiles of his fellow Sharks:
** Disclaimer: These earning are hypothetical and calculated off of the earning power of Kevin O’Leary’s net worth alone, assuming a 4.5% dividend yield.
Money
BERNARD ARNAULT NET WORTH 2023 + HOW MUCH HE MAKES A YEAR
Bernard Arnault is a French investor, businessman, and CEO of multinational luxury goods company LVMH. If the name sounds familiar, its because Arnault often takes the lead as one of the world’s richest people, or because he runs the company that sells the world’s most luxurious brand, Louis Vuitton. Some days Arnault is number two on the list of the world’s richest people, then he makes it to number one, only to drop back down to number three a few days later. And while his position as the the richest person in the world is slightly fluid, his status as a multibillionaire is not.
So, that’s exactly what this page will be highlighting, Bernard Arnault ’s net worth and his current earning power. Just for good measure, we’ll also include a few fun facts related to his success and influence. So, let’s dive in.
What is Bernard Arnault’s Net Worth?
As of 2023, and at the time this article’s updated publication, Bernard Arnault’s net worth is estimated at around $211 billion.[1] And even though he’s down $6 billion since January of last year, he is still ranked as the no.1 richest person in the world; however, his rank does fluctuate frequently between being the 1st, 2nd, and 3rd richest.
How Much Does Bernard Arnault Make a Year
Various sources place Bernard Arnault’s annual earnings at a little over $9 million. However, with a 40.1% stake in LVHM, most of Arnault’s wealth money comes from his ownership of the company.[2] So, while he may only make on paper, around $9 million dollars per year, his wealth dramatically grows primarily through asset appreciation and capital gains.
With that being said, we still aim to provide you with Bernard Arnault’s hypothetical (but very possible) annual earnings. Annual earnings that will be based off his net worth of $183 billion alone. So, if you’ve ever wondered how much does Bernard Arnault make a day, month, or even a year, our metric below will give you a rough estimate.
To provide you with this number, it is assumed that Arnault is a savvy enough investor to earn an annual 4.0% yield on his combined $211 billion net worth (4% is not difficult to achieve considering historical returns on safe investments have typically fallen between the 3% to 5% range [3]). As such, if Bernard Arnault decided to liquidated his assets in LVHM and transfer all of them into a handful strong and safe dividend paying stocks earning a modest 4% yield, his annual earnings would roughly be $8.4 billion per year.
Put another way, Bernard Arnault could bring home roughly $23 million a day for the rest of his life, without decreasing his net worth at all. That’s what we call, “living the good life”.
Bernard Arnault’s Money Metrics
Money Metric | Amount |
---|---|
2023 Net Worth: | $211,00,000,000 |
**Earnings Per Year: | $8,440,000,000 |
Per Month: | $703,333,333 |
Per Week: | $162,308,940 |
Per Day: | $23,186,991 |
Per Hour: | $966,124 |
Per Min: | $16,102 |
Per Sec: | $268 |
Note: this is a hypothetical (but very possible) earnings Metric for Bernard Arnault based off of his net worth’s earning power alone. It does not include how much he potentially earns from projects, sponsorships, real estate owned, or social media, etc. Again, this calculation is for entertainment purposes only.
Bernard Arnault Net Worth History
Ever wondered how much Bernard Arnault’s wealth has changed over the years? If so, that graph provided below will help answer that question. That said, the Bernard Arnault net worth history shown below goes back 2017.
Which indicates that his net worth has grown by approximately 414% over the past 7 years.
Fun Facts:
- Bernard Arnault’s background is in engineering.
- After graduating Arnault went to work for his father’s construction business.
- Arnault’s empire spans over 70 brands including Louis Vuitton, Tiffany & Co, and Christian Dior.
- Bernard Arnault is the richest person in Europe and the World.
- Bernard Arnault has 5 children
- Bernard’s company spends over $100 million a year to fight against designer brand knock offs
- Bernard owns a $35 million island in the Bahamas
Related: Net Worth of Elon Musk
How Did Bernard Arnault Become Successful?
Bernard Arnault got his start in the construction business as a civil engineer working for his father. However, at the age of 25 after only three years on the job, he was given the reigns to run the family business.
After a few short years of presiding over the family business, Arnault would eventually pivot his business into a real estate development company. Shortly thereafter, Arnault began seeking out value investments in various industries outside of his sphere of expertise.
He would go on to acquire a textile and retail conglomerate, and then a luxury company soon after. And just 10 years after he took over the family business from his father, he would become the largest shareholder of LVMH, which would eventually pave the way for his future acquisition of the company.
Once Arnault assumed leadership of LVHM, his empire expansion went into overdrive. And year after year he’s inched closer and closer towards obtaining the title of the world’s richest person.
How did he do it? Well, according to the Bernard Arnault Success Story, his success was a biproduct of his business model. And according to an interview he gave to CNBC, this model is based on innovation, creativity, and quality.
These days, Arnault’s empire is comprised of 70 different brands divided into six different sectors, covering everything from highest end perfumes, wines, and the best and highest quality leather goods in the world. All of which has led Arnault to now be the 2nd richest in the world.
Related: Warren Buffett’s Net Worth
More Bernard Business Insights
That said, below is an insightful video to watch if you’re looking for a few more unique Bernard business insights. It’s sure to fill in the gaps on any areas we missed related to how Bernard Arnault built his fortune. Enjoy!
Video Credit: Alux.com (Subscribe Here)
Key Takeaways
Here are some key Bernard Arnault takeaways:
- Bernard Arnault Net Worth: $211 billion
- **Annual Earnings: $8.44 billion
- **Daily Earnings: $23 million
- 7 Year Growth of Wealth: 414%
- Keys to Success: Innovation, Creativity, Focus on Quality, Investing in Value
Bernard Arnault’s sizeable net worth is directly related to his obsession with value. His obsession with value shows up with in how he invests. Which is why upon closer inspection, you’ll notice he only invests in assets, brands, companies, and people that provide the highest and best quality to the market.
Related: Bernard Arnault Quotes
With that being said, we hope you enjoyed this page about Arnault’s net worth, earning power, and how he got began building his empire. He certainly has become an uber-successful business magnate that everyone should know more about. May his example intrigue you, educate you, and inspire you to go big like Arnault.
Till reach your aims,
STRIVE
PS – If you enjoyed this Bernard Arnault Net Worth page, then you’ll likely also enjoy digging into the net worth profiles of his biggest competitors like Jeff Bezos, Elon Musk, and more within our collection of high Net Worth profiles of notable success icons and high achievers.
** Disclaimer: These earnings listed above are hypothetical and calculated off of the earning power of Bernard Arnault’s Net Worth alone assuming a 4.0% dividend yield.
Money
SYLVESTER STALLONE NET WORTH
Sylvester Stallone earned worldwide recognition as an actor, screenwriter, and director after starring in his own screenplay for the movie ‘Rocky’, which would go on to win an academy award for Best Picture. After starring in this hit movie, Stallone’s career and earnings would skyrocket over the years, especially after creating five ‘Rocky’ sequels, and classics like ‘Rambo I, II, and II’, Over the Top, ‘Demolition Man’ and many more.
Now with over 75 films under his belt, and with all of them producing over $4 billion in revenue, Stallone has amassed a small fortune. In fact, many people commonly ask if Sylvester Stallone is a billionaire due to how much his films have produced. However, the answer is no, he is not a billionaire. But, that’s exactly what we’ll be highlighting on this Sylvester Stallone net worth page; the size of his fortune and his current earning power.
What is Sylvester Stallone’s Net Worth?
So how big of a fortune has Sylvester Stallone amassed? Well according to Celebrity Net Worth, Sylvester Stallone’s net worth in 2021 was approximately $400 million [1]. And of that $400 million, it was estimated that he has about $45 million of it tied up in real estate assets he owns.
With that said, considering the real estate market grew 19% in 2021, and the stock market grew by an average of 18% in 2021 as well, with 2022 being flat, a safe and very conservative estimate is that Sylvester Stallone’s net worth grew by at least 10% over the past two years. As such, Sylvester Stallone’s Net Worth for 2023 is now estimated to be around $450 million.
How Much Does Sylvester Stallone Make?
At the height of Stallone’s career, he was making between $15 million to $25 million per movie, and was named Hollywood’s highest paid actor. His highest earning year on record was 1994 at $60 million.[2] As of late however, his movies have not made nearly as much money as he made in his prime. In addition, there has been minimal publication of his recent earnings, aside from the $3 million dollars hear earned for his role in The Suicide Squad.
However, even without those numbers, will still aim to provide you with Stallone’s money metrics based off his net worth of $450 million alone. It will be hypothetical, but a fun metric to consider based off of his Net Worth’s earning power alone.
Therefore, all we have to do is assume Stallone leverages the 4 percent rule, and earns himself a 4% annual dividend yield on his combined $450 million net worth, by investing it in a handful of historically strong investments like stokcs, ETFs, REITS, etc. If he did this, his annual earnings would easily come out to $18 million without including any other sources of income.
FYI a 4.0% yield is more than a reasonable return to expect, especially considering historical returns on safe investments in the past yielded between a range of 3% to 5% range. [3]
Sylvester Stallone’s Money Metrics
Money Metric | Amount |
---|---|
2023 Net Worth: | $450,000,000 |
Earnings Per Year: | $18,000,000 |
Per Month: | $1,500,000 |
Per Week: | $ 346,154 |
Per Day: | $49,450 |
Per Hour: | $2,060 |
Per Min: | $34.34 |
Per Sec: | $0.57 |
Disclaimer: This is an estimated earnings metric based off of the earning power of Sylvester Stallone’s net worth alone. As mentioned earlier, it does not include how much he potentially earns from projects, sponsorships, or social media he’s earned this year. Again, this calculation is for entertainment purposes only.
Social Media Influence
Stallone’s social media influence has continually grown over the years, despite the slowdown in blockbuster releases. That said, he currently has around 15.9 million Instagram followers, 11 million Facebook Followers, and 2.9 million Twitter followers. This comes out to a grand total of 29.8 million social media followers.
So, in the event Stallone wanted to take advantage of his social media influence, he could potentially negotiate roughly $250K per sponsored post. That’s not a bad payout for a social media side hustle.
Remember you are NEVER to old to stop Punching! https://t.co/zBBXccKhbd
— Sylvester Stallone (@TheSlyStallone) January 7, 2023
Stallone’s Key Facts
- Stallone’s signature snarled lip was due to an injury at birth by the forceps which grabbed his face, leading to the severing of some of the nerves of his lips and eyelid.
- In his youth, he was kicked out of school over 14 times.
- Before Sylvester Stallone hit it big, he briefly experienced homelessness, where he spent a few nights sleeping on the floor of a bus station.
- Sylvester Stallone once hired two-time Mr. Olympia Franco Columbo as his personal trainer.
- Stallone has earned more “worst actor” awards than any other in Hollywood.
How Did Sylvester Stallone Become So Successful?
Sylvester Stallone has a wonderfully inspiring success story, and you can read an in depth account of it here. However, here is a short version of how Stallone became so successful. In essence, Stallone pursued his dream of becoming a successful actor for many years.
He suffered through working menial jobs, taking on low budget films, and pretty much doing whatever he could to make ends meet while pursuing an acting career on the side. Stallone embodied the concept of hustle, before hustling was a thing.
As such, his success ultimately stemmed from failing over and over again, and persisting long enough till he found his break. A break which he finally received after pitching the idea of what would come to be the ‘Rocky’ film to two movie producers he met during a casting call. It was a massive opportunity that he seized, and reaped the benefits for stardom to go on to create, star in, and produce many more films through out his career.
So, how Stallone became so successful can be summed up to… persisting in the face of failure.
And he’s still going strong! Still swinging!
Video Credit: The Richest – (Subscribe to Their Channel Here)
Build Your Net Worth Like Stallone
Sylvester Stallone’s accomplishments are impressive, and have helped him build such a large net worth. But, as the saying goes, it’s not about how much you make, it’s about how much you keep (of course, making millions does help).
With that being said, if you want to know how you can go about increasing your own net worth like Sly Stallone, here’s a great place to start:
Key Takeaways
Here are some key Sylvester Stallone takeaways:
- Sylvester Stallone Net Worth: $450 million
- Annual Earnings **: $18 million
- Social Media Followers: 29.8 million
- Social Media Earning Power: $250K per sponsored post
- Keys to Success: Persistence
The biproduct of getting back up each time he got knocked down is the building of a massive net worth. To be sure, Stallone’s success and sizeable fortune is a direct result of his not quitting when the going got tough, and sticking to his plans and dreams until they manifested themselves.
With that being said, we hope you take these insights and use them to keep moving forward towards achieving your dreams and growing your bank account.
And never forget… the major difference between the big shot and the little shot is – the big shot is just a little shot who kept on swinging.
Till next time,
STRIVE
PS – If you enjoyed this Sylvester Stallone Net Worth page, then you’ll love our collection of Net Worth profiles on other notable successful people and high achievers.
** These earnings are hypothetical and calculated off the earning power of Sylvester Stallone’s net worth alone, assuming a 4.0% dividend yield.
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