Money
HOW TO BUILD WEALTH IN 2023 – A BEGINNER’S GUIDE
Have you ever run a marathon? It isn’t like playing any other sport.
It demands so much more from the athletes for so long that they most often drop off the race before even grazing the halfway mark.
To run a marathon, keeping your head over your shoulder till the end, you need not just physical fortitude. You must develop a strategy that compliments your physique and the ability to push through the pain.
Similar is the case with getting wealthy. You need the right strategy that complements your financial standing and goals and the ability to push through distractions that the modern world rains on us.
So, be ready to give it all you got and read ahead to find out how to build wealth in 2023.
A BEGINNER’S GUIDE TO BUILDING WEALTH IN 2023
1. Study The Habits That Define The Wealthy:
First things first. If you are serious about building wealth, then it’s a good idea to study the habits of the wealthy. So, let’s look at the habits that separate the wealthy.
They Don’t Follow The Trends
If you see your friend buy the latest iPhone, and you don’t have the means for it, get out of the store. Your current smartphone will likely last you a few more years easily. If it doesn’t, there are several low-cost options available.
If you live beyond your means time and time again, eventually, it will catch up to you, and you don’t want that if you want to be wealthy.
They Make Use of Tax Deductions
The ones who are wealthy always try to maximize their tax savings. They do it by finding some element of tax savings in retirement plan investments, home mortgage interest, charitable contributions, and more.
It is helpful to consult a financial and tax professional in this area.
They Have Additional Income Streams
To become wealthy, there are multiple areas where you need to divide and put your money, like building an emergency fund, contributing to retirement accounts, paying off debt, investing in stocks, and more.
All of this is on top of your usual monthly expenses.
So, unless you have a high-paying job, it isn’t possible to put money into all of this without exhausting your fund halfway through. And the only way to boost your income is with additional income streams.
Suppose you have these habits; congratulations! You are halfway there. If you don’t, well, now you know what to work on.
As we have the basics dealt with, let’s look at few additional key steps you need to take to become wealthy in 2023.
2. Build An Emergency Fund
Emergencies can strike anytime. You may lose your job or meet an unexpected health crisis. If you don’t have a thick enough safety net, all the effort you put into building your finances will be gone.
So, in your journey to become wealthy in 2023, the first step is to build an emergency fund.
How Much Should You Save Up for An Emergency?
Calculate your necessary monthly living expenses. Then, multiply the total amount by the number of months you want the fund to last you at times of crisis.
You should strive to build an emergency fund that will last you for at least three to six months.
3. Pay Off High-Interest Debt
If you have high-interest debts like credit card debt or personal loans, the best thing you can do is focus on paying off your obligation as soon as possible.
If you don’t, your debt will continue to eat away your income, thus lowering the amount you can otherwise invest.
Not only that but paying off your debt will also boost your credit score, thus improving your chances of getting a mortgage, buying a home, and upping your net worth.
How to Pay Off Debt?
Firstly, list your debts from the highest interest rate to the lowest.
Then, create a budget, keeping paying off debt as the focal point. Make extra payments to the debt carrying the highest interest while making the minimum payments on all the debts.
When you pay off the highest-interest debt, shift the extra money you were putting into that debt to the next on your list.
Keep the strategy going until you pay off all your debts. This practice is known as the Avalanche method.
If this sounds too stressful or your debt is too much to make even the minimum payments every month, there are other ways you can employ to defeat your debt.
These include:
- Debt consolidation – The practice of paying multiple high-interest debts by taking another low-interest loan.
- Debt management plan – This involves signing up for a debt management program in which credit counselors help you make a budget, reduce your interest rates and consolidate your debt into a manageable single monthly payment.
- Debt settlement – With this approach, you can settle your credit card debt or other debts for significantly less than what you currently owe, with the promise that you’ll pay the amount settled in full.
4. Invest in Retirement Accounts
Retirement is when you finally kick back and do what you want. But that dream may end up short if you don’t have enough money in your retirement accounts.
So, while building your emergency fund, you should focus on learning about the various retirement accounts like 401(k)s, IRAs, and Roth IRAs. Every account has advantages and disadvantages, so you must be careful and choose the one that suits you.
Also, you should start your retirement savings as early as possible.
Starting early will allow you to take advantage of the power of compound interest for a longer period, significantly increasing the amount of money you save by the time you reach retirement age.
Additionally, starting early will give you more time to recover from any financial setbacks or market downturns that may occur.
Things to Consider When Building Your Retirement Fund
1. Contribute the maximum amount to your 401(k) – If your employer offers to match your 401(k) plan contributions, ensure you invest at least enough to take full advantage of the match.
2. Consider opening an IRA – If you have 401(k) and max out your contribution, you can open an IRA to boost your savings further. The IRA comes with more investment choices than you have in your employer-sponsored plan. And if you open a Roth IRA, there’s also the potential for tax-free income.
However, if you want to invest your money in high-returning vehicles, you can use stocks, mutual funds, or ETFs.
5. Invest In Stocks, Mutual Funds, or ETFs
After you have built your emergency fund and maximized your 401(k) or whatever retirement account you invest in – you can shift your focus on stocks for those high returns.
However, you should know that stocks come with many risks and volatility. So, it’s best to avoid buying individual stocks if you’re new to the trade and don’t know much about it.
What you can do is start investing in mutual funds or ETFs. Both options help you invest in a basket of securities, thus lowering risk.
Related: Increase Your Net Worth
Bottom Line
The idea of becoming wealthy is as catchy and challenging as winning a marathon. You can read thousands of articles and watch hundreds of videos, each with its own twist on how to win. You can even hire the best coach in the world.
But at the end of the day, you have to make the sacrifices, you have to fight the pain, you have to work it all out. But if you do these things you will win (given you do what’s needed).
However, if you need assistance, we are always here to help.
Till you reach your aims,
STRIVE
Disclaimer: We are not financial advisors. The content on this website is for educational purposes only and merely cite our own personal opinions or the opinions of our contributors. Read full disclaimer here.
Money
BARBARA CORCORAN NET WORTH + HOW SHE GOT SO RICH
Barbara Corcoran’s net worth as of 2023 is approximately $135 million. If you’re not familiar with Barbara, she’s a highly successful businesswoman, investor, and television personality, who is best known from her appearances on the wildly popular reality show ‘Shark Tank’. She’s also the founder of The Corcoran Group, Shark, and is the Executive Producer of ABC’s “Shark Tank”.
Having once turned $1,000 into a multi-billion dollar business, she’s managed to build up an impressive fortune for herself in the process. That said, if you’re interested the earning power of Barbara Corcoran’s net worth, how much her net worth has changed over the years, and exactly how she became so rich, let’s get into it:
Barbara Corcoran Net Worth Details
Barbara Corcoran’s Net Worth was estimated at $100 million back early 2020. However, per our research and analysis, her updated net worth is much higher now. As a savvy investor, she should be able to beat the market, but we have a hunch capital preservation is key since she’s already amassed her fortune.
That said, after calculating data drawn from various public sources in conjunction with the performance of the markets and various asset classes she’s invested in, we estimate her net worth at around $135 million in 2023.
How Much Does Barbara Corcoran Make Per Year?
This certainly begs the question with regards to how much Barbara Corcoran makes a year. With it estimated that she get’s paid $500,000 per Shark Tank appearance (which is likely higher than the other sharks because she’s the Executive Producer), she’s makes on average $6.5 million per year from the show alone. She also makes money from book royalties, and her various investments in startup businesses, and from charging between $100K – $200K for her speaking events.[1]
Addition to this, the earning power of her net worth alone (presupposing she follows the 4 percent rule) comes out to $5.4 million per year. As such, Barbara Corcoran makes roughly $14.5 million per year.
Here’s how that breakdowns:
BARBARA CORCORAN MONEY METRICS
Money Metric | Amount |
---|---|
2023 Net Worth: | $135,000,000 |
**Earnings Per Year: | $14,500,000 |
Per Month: | $1,208,333 |
Per Week: | $278,848 |
Per Day: | $39,835 |
Per Hour: | $1,659 |
Per Min: | $27.7 |
Per Sec: | $.46 |
Note: This is an estimated earnings metric based off the earning power of Barbara Corcoran’s net worth and income estimations. We apply our own rigorous methodology to supply you with accurate calculations; however, these figures are ultimately for informational and entertainment purposes only.
Barbara Corcoran’s Net Worth History
Barbara has been growing her wealth for years now since hitting it big with her first big pay out. That said, per our research, her wealth has grown by an impressive 237% since 2014. Which means, her year over year growth since 2014 is approximately 14.5%.
Here’s what her Net Worth history looks like graphed:
Barbara Corcoran Fun Facts:
- Barbara Corcoran has 867K Instagram followers, 739K Twitter followers, 544 K Facebook followers, and 9.8K YouTube subscribers. As such, her grand total of social media followers is 2.16 million.
- She got straight D’s in high school and college.
- Held 20 different jobs by the time she turned 23.
- She founded what would become a thriving real estate business for $1,000.
- Barbara’s favorite drink is a mojito.
- Barbara Corcoran’s husband is an ex FBI agent, and a retired Navy captain.
- She’s was once a teacher, and has published at least four different books.
How Did Barbara Corcoran Get So Rich?
This is how Barbara Corcoran got so rich; in 1973 she opened up her own real estate firm in New York city, called the Corcoran Group. The company slowly but steadily became a prominent real estate brokerage with a strong brand and presence in New York and across the country.
After 28 years of empire building, Corcoran finally decided to sell the company. As such, she sold her company to real estate giant NRT for $66 million.[2]
So, in a nutshell, the bulk of Barbara Corcoran’s riches stems from hustling for nearly three decades to build a solid reputation and high-quality brand in the real estate industry, and then off-loading that asset to an interested buyer.
Related: Barbara Corcoran Success Story
In Her Own Words
Here are a few powerful Barbara Corcoran quotes that highlight the mindset that has helped her become one of the richest and most well-known female investors in the world:
Related: Barbara Corcoran Quotes
Extra Success Insights
That said, a few additional insights about what drove Barbara Corcoran to become so rich and successful can be gathered from this video. It’s a short video where she was interviewed by ‘Now This’, but it reveals a lot of what fueled her desire to achieve, as well as her take on what ultimately led to her success and wealth.
Give it watch, it’s worth every minute:
Video Credit: Now This News (Subscribe Here)
Related: How to Get Rich With a Normal Job
Key Takeaways
Here are some key Barbara Corcoran takeaways:
- Barbara Corcoran Net Worth: $135 million
- Annual Earnings **: $14.5 million
- Social Media Followers: 2.16 million
- Social Media Earning Power: approximately $20K per featured post
- Keys to Success: Intention, Hard Work, Over Preparation, Taking Action
Barbara Corcoran’s massive net worth is the result of decades of hard work, dogged persistence, and having the business acumen to know when to cash out. Her story is one we could all learn and benefit from.
That said, we hope you got what you were looking for as it relates to the net worth of Barbara Corcoran, how much she makes, and how she made it. If you enjoyed our page, please share it or come back when you’re in need of a bit of inspiration or insight for building wealth.
Till you reach your financial aims,
STRIVE
PS – If you enjoyed our Barbara Corcoran net worth profile, then you may equally enjoy learning about the net worth of some of her fellow sharks, like Kevin O’Leary, Mark Cuban, or Daymond John.
** These earnings are hypothetical and calculated off of x’s net worth’s earning power alone assuming a 4.0% dividend yield.
Money
100+ MOTIVATING MILLIONAIRE QUOTES FROM THE SELF-MADE
The concept of the self-made millionaire is one of the most inspiring and energizing narratives of the 21st century. What is most captivating about the person who has become self-made, is the fact that they were once like you and me. They were at one point in time, very much normal, average, and lacking the millionaire status that so many of us attribute to “making it”.
“The Sight of a Achievement is the Greatest Gift a Human Can Offer to Others.”
Indeed, the self-made millionaire is a shining example of what can be for a great many of us dreamers. So, in honor of those who started from the same humble beginnings as the rest of us, but have managed to claw their way to the financial status we all deep down aspire to achieve, we’ve pulled together this list of catalyzing quotes from a handful of well-known self-made millionaires. May they inspire you to continue to strive towards your journey of becoming rich and achieving the self-made millionaire status.
Behold…
100+ Best Millionaire Quotes of The Self-Made
1. “We are all self-made, but only the successful will admit it.” – Earl Nightingale
2. “I believe you have to be willing to be misunderstood if you’re going to innovate.” – Jeff Bezos
3. “Disciplined, consistent, and persistent actions are more of a determining factor in the creation of success than any other combination of things.” – Grant Cardone
4. “I never took a day off in my 20’s. Not One.” – Bill Gates
5. “Start with the end in mind. If you want to be a millionaire, talk like one, act like one, work like one.”- Bob Proctor
6. “Become a millionaire not for the million dollars, but for what it will make of you to achieve it.” – Jim Rohn
7. “You have to make the shift from being a consumer in the economy to becoming an owner—and you do it by becoming an investor.” – Tony Robbins
8. “If you are born poor it’s not your mistake, but if you die poor its your mistake.” – Bill Gates
9. “You can’t work three hours a week and make $100,000. Get rich quick doesn’t work. Crock pot mentality always defeats microwave mentality!” – Dave Ramsey
10. “Most people fail to realize that in life, it’s not how much money you make. It’s how much money you keep.” – Robert Kiyosaki
Speaking of risk. If you’re someone who feels they lack the confidence to take the meaningful action necessary to create the life of your dreams, be sure to check this out.
11. “You can’t just wish to be a millionaire; you have to figure out how to earn it.” – Dolly Parton
12. “I believe people have to follow their dreams—I did.” – Larry Ellison
13. “People don’t want to be millionaires – they want to experience what they believe only millions can buy.” – Tim Ferriss
14. “Rich people are committed to being rich. Poor people want to be rich.” – T. Harv Eker
15. “Always discover your vision and the rest will follow.” – Arnold Schwarzenegger
16. “All wealth comes from adding value, from producing more, better, cheaper, faster, and easier than someone else.” – Brian Tracy
17. “Look yourself in the mirror and ask yourself, what do I want to do every day for the rest of my life…Do that.” – Gary Vaynerchuk
18. “On average, millionaires invest 20% of their household income each year. Their wealth isn’t measured by the amount they make each year, but by how they’ve saved and invested over time.” – Ramit Sethi
19. “Winners are not afraid of losing. But losers are. Failure is part of the process of success. People who avoid failure also avoid success.” – Robert Kiyosaki
20. “It’s not about the money. It’s about the passion.” – Cristiano Ronaldo
21. “Stop chasing the money and start chasing the passion.” – Tony Hsieh
22. “If you want to fly with the eagles, don’t swim with the ducks!” – T. Harv Eker
23. “If you don’t find a way to make money while you sleep, you will work until you die.” – Warren Buffett
24. “Being rich isn’t a privilege. Being rich is a right. If you create massive value for others, you have the right to be as rich as you want.” – Steve Siebold
25. “You have to decide that you will become a deca-millionaire, and then you must reinforce that decision, over and over. Put a stake in the ground right now: “I am going to become very, very rich. ” – Grant Cardone
26. “The easiest thing I ever did was earn a million dollars. The hardest thing I ever did, and it took years, was believing I was capable of earning a million dollars.” – Les Brown
27. “Fortune always favors the brave, and never helps a man who does not help himself.” – P.T. Barnum
28. “I now realize there are millions of self-made millionaires who started with nothing. They dug inside themselves to find the answers and they succeeded. There is nothing anyone else can do, that I can’t do.” – Dean Graziosi
29. “When something is important enough, you do it even if the odds are not in your favor.” – Elon Musk
30. “You cannot achieve success without failure.” – Sean “Diddy” Combs
31. “You don’t learn to walk by following rules. You learn by doing and falling over.” – Richard Branson
32. “The man who acquires the ability to take full possession of his own mind, may take possession of anything else to which he is justly entitled.” – Andrew Carnegie
33. “Don’t underestimate the power of your instinct.” – Barbara Corcoran
34. “What’s keeping you from being rich? In most cases it’s simply a lack of belief. In order to become rich, you must believe you can do it, and you must take the actions necessary to achieve your goal.” – Suze Orman
35. “Before you can become a millionaire, you must learn to think like one. You must learn how to motivate yourself to counter fear with courage.” – Thomas J. Stanley
36. “Risk more than others think safe. Dream more than others think practical. Expect more than others think possible. Care more than others think wise.” – Howard Schultz
37. “An investment in knowledge pays the best dividends.” – Benjamin Franklin
38. “A man acquires a fortune by doing his business thoroughly, while his neighbor remains poor for life because he only half does it.” – P.T. Barnum
39. “No matter what your dream is, you can make that dream a reality, …If you dream about being a millionaire, you can be that. All you have to do is study and be smart.” – Arnold Schwarzenegger
40. “Knowledge is more important than money.” – Master P
41. “The best time to expand is when no one dares to take risks.” – Andrew Carnegie
42. “It’s all about dreams. Dreams cost nothing, they are free.” – Sylvester Stallone
43. “No matter how smart you are, if you don’t know how to work with people, your dreams will just be dreams.” – Jack Ma
44. “If you don’t play to win, don’t play at all.” – Tom Brady
45. “The only difference between a rich person and a poor person is how they use their time.” – Robery Kiyosaki
46. “Don’t be intimidated by what you don’t know.” – Sara Blakely
47. “It doesn’t matter how many times you fail. You only have to be right once and then everyone can tell you that you are an overnight success.” – Mark Cuban
48. “If the road trip to wealth were easy, would everyone be wealthy? Expect a price to be paid. Expect risk and sacrifice. Expect bumps in the road.” – M.J. Demarco
49. “You can’t go into business thinking that success will come to you in just one or two years.” – Do Won Chang
50. “Never depend on a single income.” – Warren Buffett
51. “I never grew up thinking the goal in life was to be a millionaire.” – Cecelia Ahern
52. “If you work just for money, you’ll never make it. But if you love what you’re doing, success will be yours.” – Ray Kroc
53. “If you think can do a thing or think you can’t do a thing, you’re right.” – Henry Ford
54. “Empty pockets never held anyone back. Only empty heads and empty hearts can do that.” – Norman Vincent Peale
55. “The big secret in life is that there is no big secret. Whatever your goal, you can get there if you’re willing to work.” – Oprah Winfrey
56. “Buy when everyone else is selling and hold until everyone else is buying. That’s not just a catchy slogan. It’s the very essence of successful investing.” – J. Paul Getty
57. How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case. –Robert G. Allen
58. “ The biggest risk is not taking any risk. In a world that is changing really quickly, the only strategy that is guaranteed to fail is not taking risks.” – Mark Zuckerberg
59. “Don’t let the noise of others’ opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition.” – Steve Jobs
60. “If you want to get rich, think of saving as earning.” – Andrew Carnegie
61. “Failure is not the opposite of success; it is part of success.” – Millionaire Quote
62. “Money is just a consequence. I always say to my team, “Don’t worry too much about profitability. If you do your job well, the profitability will come.” – Bernard Arnault
63. “The big money is not in the buy or selling, but in the waiting.” – Charlie Munger
64. “Formal education will make you a living; self-education will make you a fortune.” – Jim Rohn
65. “Go as far as you can see; when you get there, you’ll be able to see farther.” – J.P. Morgan
66. “Rich people have small TVs and big libraries, and poor people have small libraries and big TVs.” – Zig Ziglar
67. “It matters not what someone is born, but what they grow to be.” – J.K. Rowling
68. “The only way you are going to have success is to have lots of failures first.” – Sergey Brin
69. “Money may go to bad people but it never goes to bad ideas.” – Kevin O’Leary
70. “If you believe in it, and you believe in it hard, it is impossible to fail.” – Ray Kroc
“If you believe in it, and you believe in it hard, it is impossible to fail.” – Ray Kroc
Tweet Quote71. “Risk more than others think safe. Dream more than others think practical.” – Howard Schultz
72. “Of all the people I have met who have achieved a level of economic success similar to my own were driven to realize a dream, but not necessarily to become wealthy. Remember, success is doing what you want to do.” – Robert Herjavec
73.
“Being realistic is the most commonly traveled road to mediocrity.” – Will Smith
74. “I grew up poor, but I didn’t have poor dreams.” – Magic Johnson
75. “You just have to find that thing that’s special about you that distinguishes you from all the others, and through true talent, hard work, and passion, anything can happen.” – Dr. Dre
76. “The only place where success comes before work is in the dictionary.” – Vidal Sassoon
77. “If people are not laughing at your goals, your goals are too small.” – Aziz Premji
78. “I don’t design clothes. I design dreams.” – Ralph Lauren
79. “First comes the shy wish. Then you must have the heart to have the dream. Then, you work, and work.” – Estée Lauder
80. “Success takes communication, collaboration, and sometimes, failure.” – Jessica Alba
81. “I believe that most successful people are ordinary people with extraordinary determination.” – Mary Kay Ash
82. “I work as hard as anybody will ever work and I like that. That’s why I’ve been successful and that is when I feel good about myself. If I do my damnedest and don’t succeed, I feel good about the effort.” – Mark Wahlberg
83. “Success isn’t overnight. It’s when everyday you get a little better than the day before. It all adds up.” – Dwayne “The Rock” Johnson
84. “You will learn more from your failures than your successes – so embrace those mistakes, as difficult as that sounds, and grow from them. When a project is successful, you’re never really sure why, because so many elements come into play. However, when you fail, you always know why. That is how you learn and grow.” – Lynda Resnick
86. “Ferrari doesn’t advertise on TV because their customers don’t watch much of it.” – Patrick Bet-David
87. “Relentlessly strive to come up with new and better products and produce them more efficiently than the alternatives.” – Charles G. Koch
88. “Have fun. The game is a lot more enjoyable when you’re trying to do more than just make money.” – Tony Hsieh
89. “Don’t go broke trying to look rich.” – Ed Mylett
90. “Obsessed is a word used often by the lazy, in order to describe the dedicated.” – Tai Lopez
91. “The few who do are the envy of the many who watch.” – James Earl Schoaff
92. “If you want to be successful, you have to jump, there’s no way around it. When you jump, I can assure you that your parachute will not open right away. But if you do not jump, your parachute will never open. If you’re safe, you’ll never soar!” – Steve Harvey
93. “If you do not see riches in your imagination, you will never see them in your bank balance.” – Napoleon Hill
94. “What determines your wealth is not how much you make but how much you keep of what you make.” – David Bach
95. Success is often achieved by those who don’t know that failure is inevitable.” – Coco Chanel
96. “Take the word “No” out of your damn vocabulary.” – Tilman Fertitta
97. ”After a certain point, money is meaningless. It ceases to be the goal. The game is what counts.” – Aristotle Onassis
98. “As you start your journey, the first thing you should do is throw away that store-bought map and begin to draw your own.” – Michael Dell
99. “I’ve never chased money. It’s always been about what I can do to motivate and inspire people.” – Tyler Perry
100. “Ideas don’t make you rich. The correct execution of ideas does.” – Felix Dennis
101. “Don’t focus on you, focus on what you can give others.” – Daymond John
102. “Cut out anyone holding you back.” – 50 Cent
103. “The greatest accomplishment in life isn’t what you’re paid, it’s who you become.” – Lori Greiner
104. “If you give up at the first sign of struggle, you’re really not ready to be successful.” – Kevin Hart
105. “If you want to become wealthy, then you have to find out what the top 5% of people do financially and do the same thing.” – Myron Golden
106. “There is only one thing that makes a dream impossible to achieve: the fear of failure.” – Paulo Coelho
107. “Self-talk and visualization are the two keys to my success.” – David Goggins
108. “If you do what the average person does, you will be as the average person is. Average.” – Codie Sanchez
109. “To succeed in this world, you have to change all the time.” – Sam Walton
110. “Passion and purpose scale – always have, always will.” – Elon Musk
111. “Get rich by taking something common and making it uncommon.” – John D. Rockefeller
112. “I can guarantee you will never achieve anything greater than your greatest aspiration.” – Dan Peña
113. “Go as far as you can see; when you get there, you’ll be able to see farther.” – J.P. Morgan
114. “Don’t wait your turn. Bet on yourself and have the confidence to stand up and say, “My time is now.” – Robert F. Smith
115. “One has to remember that every failure can be a stepping-stone to something greater.” – Colonel Sanders
116. “Focus on providing value, the rest will take care of itself.” – Ryan Pineda
117. “The key to success is to focus on acquiring skills rather than focusing on a business model.” – Jeff Lerner
Related: How to Become a Millionaire
Bonus Millionaire Quote
Bonus: Here is one last bonus millionaire quote for you. Pay heed to this self-made quote, because it is one of the easiest ways to find the financial success needed to become a self-made millionaire.
“If You Are Focused On Delivering Value, Money Comes.”
– Dan Lok –
Takeaways From These Millionaire Quotes
And that’s that! Our list of the best millionaire quotes. We hope they’ll provide you with the inspiration needed to keep reaching for that noble goal of becoming a millionaire. Here are some of the key takeaways that should help you the most:
- Becoming a millionaire requires effort and self-discipline
- Becoming a millionaire is largely a result of adding value to others
- Believing you can become a millionaire is essential
- Deciding to become a millionaire is just as critical
- Risk and innovation must be embraced
With that being said, let these millionaire quotes and takeaways be a catalyst for your renewed belief in yourself and your ability to become not just a millionaire, but self-made.
Till next time,
STRIVE
PS – If you enjoyed our millionaire quotes, then you’ll love these quotes on how to get in the millionaire fastlane.
Money
KANYE WEST NET WORTH + HOW MUCH HIS FORTUNE HAS CHANGED
Kanye West, now formally known as Ye, is an American rapper, songwriter, record-producer, fashion designer and multi-millionaire entrepreneur. After snagging over 22 Grammy Awards and counting, he is one of the most acclaimed and best-selling musicians of the 21st century. As one of the most influential and controversial people of the past few decades he’s become one of the highest paid people in the history of hip hop (just behind Jay Z), managing to build up an extraordinary fortune for himself over the past few years.
So, that’s exactly what this page will be highlighting, Kanye West’s Net Worth and his current earning power. We’ll also include a few interesting facts related to his success journey and influence. So, if you’re ready to learn about Ye’s net worth let’s dive in.
What Is Kanye West’s Net Worth?
Ye’s net worth may just be as enigmatic and controversial as the artist is himself. Over the years he’s made various claims about his net worth, and they’ve differed each time. In addition to this, other sources have placed his net worth at conflicting amounts. Here’s what we’ve seen….
- $10 billion net worth according to his interview with Hollywood Unlocked’s Jason Lee. [1]
- $6.6 billion net worth according to Wealthy Gorilla. [2]
- $5.5 billion net worth according to Ye himself after retweeting an article via OK News. [3]
- $1.8 billion according to Forbes in late 2022 pre-controversy.
- Then a $1.5 billion loss due to antisemitic statements which lead Adidas severing their partnership.[4]
- In late 2022 Forbes placed his net worth at $400 million. [5]
As such, our own cautious updated estimate on what Ye’s actual net worth is, takes into account his estimated pre-controversy net worth, along with the $1.5 billion loss according to Forbes, as well as other financial insights like parental obligations, partnerships, and the calculation of his known assets against the overall market growth rate (i.e. SP500 has increased by approximately 14.2% in just the past year alone).
Thus, Kanye’s updated net worth is estimated to be around $430 million as 2023.
How Much Does Ye Make a Year?
In 2020, Ye made approximately $43 million from his Yeezy brand, after keeping an estimated 11% of the $1.7 billion in revenue according to Forbes. Considering his brand’s growing popularity, it is safe to say that he has continued to earn a similar amount this past year.
And if we take a similar estimate based off his Yeezy collaboration with Gap, which was estimated to pull in $150 million in sales in 2021, Ye also made an additional $16.5 million per year.
In addition to this, according to the NY Post, Kanye West used to earn over $250 million for his music. And since the percentage entertainers/artists receive for each album sold is a negotiating point that falls anywhere between 10% and 20%, (estimating Ye to be on the high end of 20%), his profits on his music sales is approximately $50 million.
So, how much does Kanye actually make per year? Well, if we add everything up, Kanye West made approximately $110 million a year, or $9.1 million per month. Of course, this is all before his 2022 controversy which lead to many of his biggest business partnerships coming to an end.
Per our assessment, here’s a more plausible estimate of how much Kanye could make per year based off the earning power of his net worth alone. To get this number we are inferring Ye is a savvy enough investor to earn an annual 4% yield on his combined $430 million net worth ( which 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 [6]).
So, if Kanye West’s assets were spread across a handful of safe stocks, ETFs, or REITS with a modest 4% dividend yield, Ye could easily make a staggering $17 million per year. In other words, Ye could still make roughly $47K per day for pretty much the rest of his life without lifting a finger (if he can stay out of trouble that is).
His financial situation is certainly not what it used to be, but it is still quite significant.
Kanye West’s Money Metrics
Money Metric | Amount |
---|---|
2023 Net Worth: | $430,000,000 |
**Earnings Per Year: | $17,200,000 |
Per Month: | $1,433,333 |
Per Week: | $330,769 |
Per Day: | $47,252 |
Per Hour: | $1,968 |
Per Min: | $32.81 |
Per Sec: | $.54 |
Note: this is a hypothetical (but very possible) earnings Metric for Kanye West based off of the earning power of Ye’s net worth alone. It does not include how much he potentially earns from his other projects, sponsorships, businesses, or social media promotions, etc. This calculation is for entertainment purposes only.
Kanye West Net Worth History
Below is a visual of how Ye’s fortune has changed over the past few years. As the graph demonstrates, his wealth has diminished by roughly 70% since 2020.
Fun Facts:
- Kanye West has 18.4 million Instagram followers, 500 K Facebook Followers, 8.88 million YouTube subscribers, and 32.2 million Twitter followers (the day before his account was suspended). This comes out to a total social media reach of 59.98 million social media followers.
- Ye was at one point, the 2nd richest African American in US history just behind Robert F. Smith.
- Kanye West ran for president in 2020, and may run again in 2024.
- Kanye West climbed out of a $53 million debt, to become a multi-billionaire in just 4 short years.
- Ye is the father of 4 children (North, Saint, Chicago, and Psalm West).
- Ye was once married to Kim Kardashian, but is now married to Bianca Censori
- Ye is also the first artist to go RIAA-certified Platinum via music streams alone.
Related: Kanye West Success Story
The Yeezy Brand
The Yeezy brand played a large role in accelerating Kanye’s net worth. If you’re not familiar with the brand, here’s an insightful video about how Kanye built Yeezy.
Video Credit: CNBC Make It (Subscribe Here)
Key Takeaways
Here are some key Kanye West takeaways:
- Ye Net Worth: $430 million
- Annual Earnings **: $17.2 million
- Social Media Followers: 59.9 million
- Keys to Success: Hard work, Controversy, Confidence, Trusting His Gut
We hope you enjoyed this analysis of Ye’s net worth.
Till you reach your aims,
STRIVE
PS – If you enjoyed this Kanye West net worth profile page, then you may also enjoy these Kanye West Quotes.
** These earnings are hypothetical and calculated off of Kanye West’s earning power from his estimated net worth alone assuming a 4% dividend yield.
Money
RAY KROC’S NET WORTH + HOW HE BUILT HIS FORTUNE
Ray Kroc was the iconic American businessman who transformed McDonalds into a global multinational fast food chain, and lead it to become not only the most popular fast food chain in the world, but also the most successful. After spending nearly two decades at the helm of the corporation, he created the company’s legacy and generated a fortune for himself in the process? How big of a fortune? Well, that’s exactly what we aim to highlight in this Ray Kroc net worth write up.
So, if you’ve ever wanted to know what Ray Kroc’s net worth was at the time of his death, what it would be worth today, and how he specifically built his fortune, then this page is for you. Let’s dive into the details:
What Was Ray Kroc’s Net Worth?
At the time of Ray Kroc’s death in 1984 his net worth was approximately $600 million. Which is a lot of money even by today’s standards.
That said, if we adjusted for inflation all the way up to 2023, Ray Kroc’s net worth today would be closer to $1.77 billion. So, Ray Kroc was technically a billionaire. And there’s little doubt that if he were alive today (assuming his fortune wasn’t given away to charity), he would be a multibillionaire.
How Much Did Ray Kroc Make Per Year?
There are little to no reliable records of Ray Kroc’s income or salary at the time of his death. That said, we can provide you with an estimated income based off of the earning power of what Ray Kroc’s net worth is today.
As such, this figure assumes Ray Kroc’s modern-day fortune would be allocated into a basket of dividend paying stocks, ETFs, or REITs that earn a modest 4% annual yield minimally. So, if we were to make such an assumption, Ray Kroc’s yearly passive income by today’s standards would come out to roughly $70 million per year.
And this is a conservative estimate, meaning he could have earned much more.
RAY KROC’S MONEY METRICS
Money Metric | Amount |
---|---|
2023 Net Worth: | $ 1,773,000,000 |
**Earnings Per Year: | $70,920,000 |
Per Month: | $5,910,000 |
Per Week: | $1,363,856 |
Per Day: | $194,836 |
Per Hour: | $8,118 |
Per Min: | $135 |
Per Sec: | $2.25 |
Note: this is a hypothetical (but very possible) earnings metric based off the estimated earning power of Ray Kroc’s net worth today. It does not include how much Ray Kroc made his salary, or the royalties and dividends received from ownership of McDonalds. This calculation is for entertainment purposes only.
Key Ray Kroc Facts:
- Ray Kroc was born in Oak Park, Illinois in 1902.
- Ray Kroc died in San Diego, Californio in 1984.
- Kroc wasn’t the founder of McDonalds.
- Kroc acquired McDonalds in 1954.
- Ray Kroc purchased the San Diego Padres in 1974.
- Kroc suffered from alcoholism.
- Ray Kroc was married three different times and had 1 child.
How Did Ray Kroc Get Rich?
Ray Kroc worked in a variety of different industries before he hit it big. He was once a musician, a real estate salesman, a paper cup salesman, and then eventually a milkshake machine salesman.
Every job he had helped him acquire knowledge and skills that would later help him grow and scale his future operations in the fast-food industry.
In 1954 while working as a milkshake salesman, Kroc stumbled upon the McDonald’s restaurant. He instantly realized the potential of the business due to the demand for simple (hamburgers, fries, and milkshakes) yet delicious food, and the automation process that the McDonald’s brothers were using to meet that demand.
Kroc partnered with the two bothers and focused on franchising the brand and it’s assembly line operations to interested owners. The idea to do so was a success and it was extremely profitable.
Ray Kroc’s knack for selling paid off, as he sold the idea of franchising owners all across the country. By 1959 he hit 100 restaurants, and two years later in 1961 it was at 228.
Just 7 years after coming across the McDonald brother’s operations, Ray Kroc would buy them out for a mere $2.7 million (approximately $27 million by today’s standards).[1]
13 years later, Ray Kroc would eventually retire as the CEO of the company, but he remained involved as chairman until his death. While still alive, his hamburger empire grew to over 7,500 different franchises all across the world.
So, how did Ray Kroc get rich? Here’s how in three words, systems, selling, and scaling.
Extra Success Insights
That said, here a few powerful words and success anecdotes that give additional insight into the type of thinking that helped Ray Kroc achieve so much success and riches in his lifetime:
“The More I Help Others Succeed, The More I Succeed.”
– ray kroc –
“To Be Successful, You Must Be Daring, Be First And Be Different.”
– ray kroc –
“If You Believe In It, And You Believe In It Hard, It Is Impossible To Fail.”
– ray kroc –
“The Key To Success Is To Focus On Your Goals, Not Your Obstacles.”
– ray kroc –
If you’re looking for even more insights into how Ray Kroc built his fast-food empire and achieved his fortune, then give this video a watch. It does a good job outlining the history of The McDonald’s brother’s startup, and how Ray Kroc seized opportunity and snatched it up:
Video Credit: Jake Tran (Subscribe Here)
Related: How to Get Rich With a Normal Job
Key Takeaways
Here are some key Ray Kroc takeaways:
- Ray Kroc Net Worth: $1.77 billion
- Annual Earnings **: $70.9 million
- Keys to Success: Sales, Systems, Scaling Up
Ray Kroc’s massive net worth is directly related to the number of people he’s served. Not only did he provide invaluable service to hundreds of millions of people by way of fast and convenient food; but he also helped create hundreds of millionaires through the franchising of their own McDonald’s business.
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That said, if you enjoyed this Ray Kroc net worth profile, then you may equally enjoy learning about the profiles of entrepreneurs who built business empires on par with Ray Kroc’s:
If we successfully provided you with the Ray Kroc net worth details you were looking for and more, please share the page and come back soon.
Till you reach your financial aims,
STRIVE
** These earnings are hypothetical and calculated off the earning power of Ray Kroc net worth today assuming a 4.0% dividend yield.
Money
SYLVESTER STALLONE’S NET WORTH AND HOW HE GOT SO RICH
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 a variety of online sources, Sylvester Stallone’s net worth was approximately $400 million. However, our research shows that those estimates are outdated, considering many sites have had the same estimate up since 2021.
Considering the fact, here’s something to think about. If all of Stallone’s $400 million dollar fortune was invested into an index fund like the SP500 back in 2021, his net worth would be worth a staggering $542.8 million today.
With that said, we’ve considered the fact that real estate markets grew by around 19% in 2021 and were flat in 2022. In addition to that, we also incorporated how the stock market on average has increased by about 16.5 % over the past two years, to give us safe and very conservative estimate for Stallone’s updated net worth.
So with a modest 7 – 10% growth over the past two years, and knowing that Stallone has around 14% of his net worth tied up into real estate, it’s safe to say that Sylvester Stallone’s Net Worth for 2023 is approximately $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.[1] 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. [2]
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.
- He attended college in Switzerland.
- 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.
- He owns an $18.2 million dollar home in Hidden Hills, CA, and a $35 million dollar home in Palm Beach, FL.
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:
How to Increase Your Net Worth
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 chances are you’ll enjoy these net worth profiles:
Feel free to take a look at our collection of Net Worth profiles on other notable successful people and high achievers as well.
** These earnings are hypothetical and calculated off the earning power of Sylvester Stallone’s net worth alone, assuming a 4.0% dividend yield.
Money
DAVID GOGGINS NET WORTH AND HOW HE GOT RICH
David Goggins is not only one of the most famous retired Navy SEALs on the planet, he’s also one of the toughest. As a retired Iraq War veteran, accomplished endurance athlete, and being one of the only people in history to complete elite training as a Navy SEAL, Army Ranger, and Air Force Tactical Air Controller, he’s become a highly sought after public speaker. Goggins also authored a New York times Best-Selling Book ‘Can’t Hurt Me’, and recently published his next masterpiece, ‘Never Finished’.
That said, David Goggins quest for greatness is still a work in progress, but he’s already managed to influence and inspire millions of people all over the world to embrace self-discipline and become a better and stronger version of themselves. And when you help a lot of people, you make a lot of money. So, that’s exactly what we’ll be focusing on for the rest of this page, David Goggins’ net worth. So, if you’ve ever wondered how much David Goggins is worth, or how much he makes, then let’s dive right in.
What Is David Goggins Net Worth?
David Goggins has acquired a small fortune from his well-received New York Times Best-Seller, ‘Can’t Hurt Me’. Having sold over 3 million copies of this book to date, with his royalties being 3.5x higher than authors who have used traditional publishers, he’s already pulled in approximately $22.5 million in royalties.[1]
In addition to this, he’s also able to command at least $100 – 150K per speaking engagement.[2] So, per our research and analysis, David Goggins’ net worth as of 2023 is estimated at $5 million.
How Much Does David Goggins Make Per Year?
This certainly begs the question with regards to how much David Goggins makes a year. And while we know he’s made approximately $22.5 million in royalties since 2017, which comes out to $4.5 million per year, without the precise number of his speaking engagements, sponsorships, etc., how much money he actually makes per year is more challenging to pinpoint.
However, we can still provide you with a solid baseline income for David Goggins. So, presupposing Goggins invested his entire $5 million net worth into assets that yield at least 4.5% per year (which is within the historical safe returns range of 3-5%), his baseline income, based off of the earning power of his net worth alone, would come out to approximately $225K per year.
Put another way, Goggins makes at a minimum, and could make for the rest of his life without lifting another finger, selling another book, or doing another speech, $18,750 per month.
That’s not bad for a kid used to be bullied and made fun of because he couldn’t read.
DAVID GOGGINS’ MONEY METRICS
Money Metric | Amount |
---|---|
2023 Net Worth: | $5,000,000 |
**Earnings Per Year: | $225,000 |
Per Month: | $18,750 |
Per Week: | $4,326 |
Per Day: | $618 |
Per Hour: | $25.75 |
Per Min: | $.43 |
Per Sec: | $.007 |
Note: This is an approximate metric based off the earning power of the estimated net worth of David Goggins. It does not include how much David Goggins makes from projects, sponsorships, book sales, social media, etc. These calculations are estimates based off of independent research and analysis and are for entertainment purposes only.
David Goggins Social Media Influence
David Goggins social media influence has been growing rapidly over the years. These days, his social media reach is approximately 8.45 million people. Here’s how we got that number:
David Goggins has 6.2 million Instagram followers, 729K Twitter followers, 1.5 million Facebook followers, and 28.1K YouTube subscribers. Which totals up to approximately 8.45 million social media followers.
That said, David Goggins potential social media earning power comes out to around $60 to $70K per post according to current influencer marketing rates. Now, whether or not he’s taking advantage of this influence is another story.
David Goggins Key Facts:
- David has completed over 70 endurance races, regularly placing in the top 5.
- He once held the world record for most pull ups in 17 hour period at 4,030.
- In 2007 he was diagnosed with a hole in his heart due to a congenital heart defect.
- David works as an Advanced Emergency Technician in a big city ER and as a wildland firefighter in the summers.
- David Goggins barely graduated with a 1.6 GPA.
How Did David Goggins Become So Rich and Successful?
David Goggins had a handful of experiences with being overweight and feeling unsuccessful, especially after he wrapped up his first 5 years of service in the military.
When he got out of the Air Force, Goggins gained lots of weight and could barely make ends meet with various low paying jobs. However, one day after being disgusted with weighing over 300 pounds, and being in a financial situation he detested, he decided to do something about it.
So, he challenged himself to become one of toughest people on the planet and aimed to lose 100 pounds in 3 months so he could join the Navy Seals.
The result of choosing to lose weight and do something that mattered, made all the difference in the world for Goggins’ future prospects. That one decision eventually got him into the Navy Seals. It also helped him try out for other branches of the military down the road, which he successfully achieved.
That one decision, and his commitment to become that person indefinitely, has helped Goggins become the no B.S. role model, virtual accountability partner, best-selling author and motivational speaker that he is today.
So the short answer to the question on ‘How did David Goggins become rich and successful?” He became an extraordinary person. A person who went towards his challenges and struggles.
And as a result, exemplified a level of mental toughness and willpower that has inspired hundreds of millions of people all over the world.
Related: David Goggins Success Story
In His Own Words
Here are a few powerful David Goggins quotes that highlight the mindset that so many people are drawn to, and that has simultaneously helped him become one of the toughest men on earth:
Read More: David Goggins Quotes
Key Takeaways
Here are some key David Goggins takeaways:
- David Goggins Net Worth: $5 million
- Baseline Income **: $255 K
- Social Media Followers: 8.45 million
- Social Media Earning Power: $65K per post
- Keys to Success: Mindset, Self-Discipline, Taking Action
David Goggins’ net worth is certain to continue rapidly growing over the next few years, especially with the publishing of his new book ‘Never Finished’, and the strong demand for the personal accountability and “no excuses; suck it up” message he preaches.
One thing I am most proud of with Never Finished is that the knowledge you will gain from this book isn’t some cookie cutter knowledge. This is real knowledge that you can not get from some brainstorming sessions. This knowledge comes only from living in the grip of life. pic.twitter.com/RKAriTL9Yg
— David Goggins (@davidgoggins) November 20, 2022
That said, we hope you enjoyed learning about David Goggins’ financial insights. But more importantly, we hope you leave here feeling inspired to strengthen your own mindset and ready to do something to build your own legacy and fortune.
Till you reach your aims,
STRIVE
PS – If you enjoyed our David Goggins net worth profile, then you may equally enjoy learning about how you can go about increasing your own net worth. You may also enjoy learning about the net worth’s of fellow motivator’s like Bedros Keuilian or Andy Frisella.
** These earnings are hypothetical and calculated off of the earning power of David Goggins’ estimated net worth assuming a 4.5% dividend yield.
Money
WALT DISNEY’S NET WORTH AND HOW HE BUILT HIS FORTUNE
Walt Disney was a visionary American animator, film producer, and an innovative entrepreneur. He founded Disney studios with his brother Roy and was the mastermind behind the creation of what would come to be known as the “Happiest Place on Earth”, Disneyland. In short, he was a pioneer of the entertainment industry, whose creative efforts lead to great wealth. How great? Well, that’s exactly what we aim to cover in this Walt Disney net worth exposé.
So, if you’ve ever wanted to know what Walt Disney’s net worth was when died, how much he’d be worth today, and how he built his entertainment empire, then let’s dive right in:
What Was Walt Disney’s Net Worth?
At the time of Walt Disney’s death in 1966, he was worth an estimated at $125 million. However, due to inflation, the change in value of his stocks in the company, and the growth of his other assets, his net worth would be much different today.
After recalculating his financials and adjusting for inflation, Walt Disney’s net worth would be approximately $1.2 billion in 2023.
How Much Did Walt Disney Make Per Year?
These days, The Disney company is owned by many different shareholders as it is a publicly traded company. So, even if Walt Disney were alive today, it would be difficult to calculate the percentage of his take home pay off of the companies $87.8 billion per year.[1]
Also, there’s little to no record of his annual income when he was still alive. As such, the best we can offer is how much he could make per year, leveraging his net worth alone.
To get this estimate, we must presuppose the investment of Disney’s entire $1.2 billion net worth (current valuation), liquidate it, and then reinvest that money in asset that yield on average approximately 4% annually. Why 4%? Because 3% to 5% is historically the returns on safe investments.
That said, if Walt Disney were alive today, he could easily make $48 million per year without putting a dent in his fortune. That’s $4 million a month, which is not bad for passive income.
Walt Disney’s Money Metrics
Money Metric | Amount |
---|---|
2023 Net Worth: | $ 1,200,000,000 |
**Earnings Per Year: | $48,000,000 |
Per Month: | $4,000,000 |
Per Week: | $923,084 |
Per Day: | $131,869 |
Per Hour: | $5,494 |
Per Min: | $91.57 |
Per Sec: | $1.52 |
Note: this is an estimated (but very possible) earnings metric based off of the earning power Walt Disney’s approximate modern day net worth. It does not include how much he earned from royalties, ongoing business contracts, etc… This calculation is for entertainment purposes only.
Walt Disney Fun Facts:
- Walt Disney was born in Chicago IL, and raised in Kansas City, MO.
- Disney was a high school dropout.
- Walt Disney’s father didn’t take his son’s interest in drawing seriously.
- He went bankrupt twice, before finding success.
- Walt Disney was once fired for his lack of creativity.
- Was rejected over 300 times before he convinced financiers to fund his idea for Disney Land.
- Disney died at the age of 65 in 1966 due to lung cancer.
How Did Walt Disney Get Rich?
Walt Disney’s rise to fame and fortune was not an overnight event. In fact, his accumulation of wealth didn’t really start until he was in his mid-30’s.
Disney dropped out of high school to contribute to the war efforts of WW1. When he got back home, he had to get a job to pay the bills.
However, like many ambitious young people today, he launched a business with a friend after a short stint in the working world. He aimed to leverage his skills and interest in drawing, to be his own boss.
His business failed in just a few months, and he went back to work for another ad company working on their animations for ads. However, Walt Disney was restless like his father, and so struck out on his own again after a just a year with his new company.
This time around, now at the age of 20, he launched a new business that took advantage of a different style of animation. He also partnered with 5 other associates, who were animation experts like Disney. His new venture gained clients and contracts, however they quickly ran into financial problems and filed for bankruptcy after their first year in business.
Walt Disney moved to California for a fresh start. He lived with his uncle, and new interests in his animations prompted him to launch his next venture out of his Uncle’s Garage. This time around however, he’d find success with the birth of Disney Studios (initially Disney Bro’s Studios).
New Technologies, New Formats, New Money
Disney leaned into animation, leveraged new technologies like cel animation, three-strip technicolor, the multiplane camera, and more. He also hired some of the best animation artists of they to work on creating highly entertaining cartoons.
He created a handful of highly loveable characters that his audiences fell in love with (i.e. Mickey Mouse), many shorts films, and then eventually long form films. And as his studio’s reputation grew, so did the contracts and demand.
As cartoons became more and more advanced and popular with the public, Disney, being the avant-garde animator of the day, saw his wealth explode.
So, Walt Disney primarily built his fortune, by mastering his craft, becoming the go-to company for animators in the 20’s and 30’s by embracing new technology, and leaning into the explosive demand in animated films.
If you’d like to get a glimpse into one of the animation processes and technological breakthroughs that helped Disney build his cartoon empire, give this video a watch:
Video Credit: Ohio Rick (Subscribe Here)
Related: Walt Disney Success Story
Walt Disney On Success
Walt Disney’s success was not an accident. He believed in his work, the value of the imagination, and in his dreams.
Having said that, here are a few of Walt Disney’s own thoughts related to success and achievement:
“If You Can Dream It, You Can Do It.”
– walt disney –
“First, Think, Second Dream, Third, Believe. And Finally, Dare.”
– walt disney –
“The Way to Get Started Is To Quit Talking And Begin Doing.”
– Walt Disney –
“It’s Kind of Fun To Do The Impossible.”
– walt disney –
“To Succeed, Work Hard, Never Give Up And Above All Cherish a Magnificent Obsession.”
– walt disney –
Related: Walt Disney Quotes
Key Takeaways
Here are some key Walt Disney takeaways:
- Walt Disney Net Worth: $1.2 billion
- Annual Earnings **: $48 million
- Keys to Success: Taking Risks, Innovation, Persistence
Walt Disney’s massive net worth is the direct result of his obsession with creating high quality entertainment for hundreds of millions of people. His embracing of new technologies helped him lead the field in animation, and his eagerness to entertain and inspire helped him win the hearts and minds of an entire generation.
That said, we hope you found what you were looking for and more on our Walt Disney net worth profile page. If you enjoy our analysis, you may also enjoy the following historical net worth profiles:
Till you reach your financial aims,
STRIVE
** These earnings are hypothetical and calculated off of the earning power of Walt Disney’s estimated net worth assuming a 4.0% dividend yield.
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