Connect with us

Money

HOW TO MAKE MONEY WHILE YOU SLEEP AND NOT WORK UNTIL YOU DIE

Published

on

how to make money while you sleep
SPONSORED CONTENT

This article may contain links from our partners. Please read how we make money for more info.

If you’ve ever asked yourself, “How do I make money while I sleep?”, then you’ll find this article helpful. Similarly, if you’ve ever asked yourself, “How can make sure I don’t slave away at a job for the rest of my life?” then you’ll especially find value in this article.

If you’ve never had such thoughts, well, you’ll still find something of value in this article, because it is a question almost everyone should be asking themselves these days. Well, at least every person who wishes to someday step back from the daily grind and live life on their own terms. Or, anyone who wishes to eventually stop having to wake up at ungodly hours just to trudge off to work to pay the bills. Now, don’t get us wrong, paying the bills and work is necessary. But, like good ole Warren Buffett once stated…..

“If You Don’t Find A Way To Make Money While You Sleep, You Will Work Until The Day You Die.”

We certainly don’t intend to work until the day we die, and we hope you don’t either. To help you avoid such a reality, we’ve compiled a list of some of the best and simplest ways to make money while you sleep.

So, if you’re ready to learn how to earn while you sleep, let’s jump right into it:

5 BEST WAYS TO EARN MONEY WHILE YOU SLEEP

Make Money While You Sleep

1. Use Dividends to Make Money While You Sleep

The simplest way anyone, including you can begin to make money when you sleep is by investing in businesses. Now, we don’t mean you should go out start your own business. What we mean, is to take some of your hard-earned cash, and invest it into businesses that offer you a share of ownership of the company, particularly where each share pays you a dividend.

What’s a dividend? Well, in its simplest terms, it is a payment made to you by the company you invested your hard-earned cash into, for essentially lending them your money. In exchange for your money, the company gives you a sliver of ownership of that company, and pays you to own it.

Platforms To Consider

If you’ve never considered this simple money making method, it is a game changer. All you have to do, is conduct some research on a company who’s product and services you believe in. Along with a bit of research on the current and future economic viability of the company (meaning, ensuring the company will be in business for the long haul), and then us a brokerage account purchase the stocks you want. Some of the best brokerages to use for this would be:

After you’ve made your purchases, the stocks you own will either pay out dividends to you every month or quarter depending on their pay out schedule. And then presto, just like that, you will have begun the miracle process of earning money while you sleep. Here’s an example of what this will look like at first…..

Keep in mind, the pay outs will be small at first, but over time, as you reinvest the dividends and as you continue to buy up more dividend stocks, you’ll earn more and more money while you sleep. And of course, with enough patience, your trickle of dividend cash can become a flood passive income.

So, if you’re not earning any money while you sleep at the moment, get started with this approach today so can start earning while you sleep. But most importantly, so you can eventually get to a point where you can live off your monthly dividends. And once you do so, you can say peace out to that desk job forever!

2. Become an Internet Publisher

Another way you can start making money while you sleep, is to become an internet publisher. Now, you don’t have to become the next Forbes or Inc.com. You can start small, in fact, the you can simply start a personal blog to get into the internet publishing business. Of course, you can also go big, and set out to create a massive media site too, it’s up to you.

Platforms To Consider

To make this work, all you have to do is create valuable or interesting content others want to read regularly. Once you gain some traction on your site, you can simply integrate one or multiple ad networks on the site. Like the following:

Once you do that, with enough consistent visitors to your site, you’ll start to generate daily revenue.

It really is as simple as that. And of course, taking this route puts you in control of how much money you wish to make while you sleep. Want more money? Simply hustle and publish more valuable content.

Make Money When You Sleep With a Blog

Before you know, your site will begin generating money daily off of content you created months or even years ago (so long as it is evergreen content). Want stop publishing for a while and go on a vacation? You can, and magically, the money will keep rolling in. Now, we certainly don’t recommend quitting your day job (at least not at first), but you may want to seriously consider starting an internet publishing side gig to get the ball rolling towards earning while you sleep.

You’ll never know how much you could make unless you try.

3. Invest in Real Estate and Rent It Out

This third method is by far one of the most profitable ways to make money while you sleep. However, this approach does require a bit more effort and start-up capital to get it working for you. This method is to simply invest in real estate. And then to rent that real estate out to people who are looking for a place to live, and are willing to pay you rent monthly to live in your property (otherwise known as renters).

Without a doubt, once you secure a property, and a renter for that property, you’ll be earning quite a bit of money while you sleep. Certainly, there will be days when you’ll have to be a bit involved with issues that arise from being a land lord, but, it won’t be something you’ll have to spend hours on everyday of the week to make work for you. And if you hire a property manager, this money will become even more passive.

Below is a sample of how anyone can make money while they sleep by investing in real estate. It shows the price of a multi-unit property, the down payment you’d have to make, and some of the typical monthly expenses you’d have to pay on that property, including the mortgage. It also shows how much each renter will pay you every month, and the total revenue you’d be earning. And, when you subtract your expenses from that revenue, you’ll be left with profit, also known as cashflow.

How to Make Money While You Sleep With Real Estate

And this is the cashflow that will essentially set you free. Because once you own enough of these types of properties and the cashflow is greater than the income you toil for every day, you can say goodbye to your J.O.B. forever!

So, give it some thought, start saving/investing some money, and then make your move before you’re ready.

Related: Money Mindset Books

4. Create an Info Product to Make Money In Your Sleep

One of the simplest ways to begin making money while you sleep, is to create an info product. What’s an info product? Well, an info product can be digital book, a how-to guide, a instruction manual, an actual physical book, and pretty much anything that consists of you sharing your knowledge, expertise, or artistic creation for an exchange of money.

Sure, creating a physical book can be super involved, and it can even take a long time. However, you can easily pull together in an organized fashion something your know a lot about, and package it into a digital book (sort of like this).

Here are three good options:

Or you can even spend a little time to a create print on demand book straight off of Amazon, sort of like this. And the great thing about this, is, all you do is submit your manuscript, choose a few design specifications, and how much you want to charge for it, and then just like that, you’re in business. There are many ways you can go about it, but Kindle Direct Publishing is the best way to go in our opinion.

A good way to look at it is like this, when you create an info product or book, you are creating an asset.  And so long as it’s a resource that adds value to others, and people are willing to buy it, you can begin making money for it passively, a.k.a. making money while you sleep.

5. Create a Print on Demand Business

Another fantastic way to earn money passively while you snooze at night, it to set up a print on demand business. Doing so can be as simple as setting up an info product. But instead of submitting your work for sale in a digital format, you simple submit your designs onto different products that want to sell for the public .

You can showcase your creative side on shirts, hats, mugs, canvas, you name it. And that great thing about this approach, is you don’t have to carry any inventory. You simple set up a few items for sale with your designs, and you are in business.

When someone decides to buy your product, the print on demand platform you use gets to work printing you design on the product that was order, and you get to keep a portion of the sale.

Here are a handful of platforms that you can use to set up a simple print on demand business:

Final Thoughts on Making Money While You Sleep

There you have it, the simplest and in my opinion the best ways to make cash while you sleep. Without a doubt, these are the first three money making avenues I would start on. Here they are again as a quick recap:

  • Invest in Dividend Stocks
  • Leverage Digital Publishing for Ad Revenue
  • Invest in Real Estate Rental Properties
  • Create an Info Product
  • Create a Print On Demand Business

The order you follow is up to you. But investing in dividends stocks first could help you build a large enough down payment to invest in real estate. Then, once you have the real estate, you can use your extra cash to invest in more properties and additional dividend stocks. And when you have the time, build internet traffic and capitalize on the potential for perpetual ad revenue. Wash, rinse, repeat.

Now, get out there and make some moves.

Till next time,

STRIVE

PS – If you enjoyed this article how to make money while you sleep , then you’ll probably enjoy this resource on how to retire young and rich, and you may even like this collection of the best money quotes of all time. Give them both a read and get your mind right about money.

The Strive Team is made up of everyday people and experts from all sorts of different callings and professions, each contributing their best advice and unique insights to help you navigate the challenges of success, and support you as you strive to dream big, work hard, and achieve the impossible.

Money

HOW TO BUILD WEALTH IN 2023 – A BEGINNER’S GUIDE

Published

on

how to build wealth

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

how to build 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.

build wealth with 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.

build wealth by investing

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.

Continue Reading

Money

BRITISH BILLIONAIRE RICHARD BRANSON’S NET WORTH

Published

on

Richard Branson Net Worth
William Murphy | Flickr.com

Richard Branson is the world renowned international entrepreneur, adventurer, and icon of possibility. As the founder of Virgin Group, a multinational company which currently consists of over 400 separate businesses, and the author of over 12 different books, Branson, who was a high school dropout, has become one of the richest men in the world.

So, that’s exactly what this page will be highlighting, Richard Branson’s net worth and his potential earning power. We’ll also aim to cover a few fun facts related to his success and influence. So, let’s dive in.

What Is Richard Branson’s Net Worth?

Net Worth of Richard Branson 2023

As of 2023, Richard Branson’s Net Worth is approximately $5.1 billion.[1] Branson accumulated most of his fortune through the creation of his multinational conglomerate “Virgin” brand, which has become a powerhouse across multiple industries.

How Much Money Does Branson Make a Year?

There are various mentions of Sir Richard Branson’s annual earnings across the web, with many sources pointing to his business earnings. According to Business Insider, Branson’s Virgin Group brings in at least $21 billion a year in revenue.[2]

Of course, the revenue figures we found did not answer the question about how much money Branson actually makes a year. Unfortunately, there has not been any public disclosures regarding his earnings that we could accurately report on.

However, even without these figures, we still plan on providing you with how much money Richard Branson likely brings in a year from his business holdings alone.

These money metrics will be based off Richard Branson’s known net worth of $5.1 billon. So, if you’ve ever wondered how Richard Branson makes per day, month, or even a year, this metric we are providing below will give you a rough estimate.

To get to this number, we will have to presume Richard Branson’s investing acumen is on par with an average investor. In other words, capable enough to earn an annual 4% yield on his combined $5.1 billion fortune (Note: 4% is an extremely reasonable return to expect, especially considering historical returns on safe investments have typically fallen between the 3% to 5% range [3]).

Related: 4 Percent Rule

With that said, if Branson hypothetically liquidated all of his assets and invested them into a handful of stocks, ETFs, or REITS that yielded at the very least a conservative 4% dividend yield, he could easily be earning himself a cool $204 million per year, before taxes. Not a shabby income to make to sit around all day and drink Mojitos and work on his sun tan.

Richard Branson’s Money Metrics

Money MetricAmount
2023 Net Worth:$5,100,000,000
**Earnings Per Year:$204,000,000
Per Month:$17,000,000
Per Week:$3,923,079
Per Day:$560,439
Per Hour:$23,351
Per Min:$389
Per Sec:$6.48

Note: this is a hypothetical (but very possible) earnings Metric based off of the earning power of Richard Branson’s net worth.  It does not include how much he potentially earns from his current projects, sponsorships, business revenue, or social media, etc. Again, this calculation is for entertainment purposes only.

Fun Facts: 

  • Richard Branson has 4.8 million Instagram followers, 4.5 million Facebook Followers, 126K YouTube subscribers, and 12.6 million Twitter followers. This comes out to a grand total of 22 million social media followers.
  • Richard Branson is married to Joan Templeman.
  • Branson’s first failed business was as a Christmas tree sales business.
  • He’s authored over 12 different books.
  • One of Richard Branson’s favorite books is 1984.
  • Richard Branson was just 23 years old when he became a millionaire.
  • Richard Branson has been to the edge of space.

Branson’s Journey to Success

Richard Branson has managed to achieve so much success due to his penchant for risk-taking and his never-give-up attitude. Not only did Branson suffer dyslexia, drop out of high school, and suffer many other setbacks throughout his career, he has always found a way to turn his challenges into opportunities.

Richard Branson is a perfect example of how embracing change, taking action, and fearlessly following your gut can lead to great achievements, because that’s the exact recipe he’s followed time and time again through out his career.

He pulled himself up by his bootstraps, tried his hand a multiple businesses, and persisted until one of them hit. And since that initial success, he’s has yet to look back. His first successful venture was with his creation of a magazine publication, then successfully expanding into the recording business, then airlines, and now he’s seeking to become a major player in the space industry.

“Every Success Story Is A Tale Of Constant Adaption, Revision And Change.”

– richard branson –

Related: Richard Branson Success Story

How Richard Branson Built His Fortune

If you’re looking for a quick, but entertaining breakdown on how Richard Branson built his fortune, you’ll enjoy this short video produced by Forbes:

Video Credit: Forbes (Subscribe Here)

Build A Fortune Like Branson

Richard Branson’s net worth is a remarkable achievement, and while building such a staggering net worth may seem out of reach for most, it doesn’t mean we can’t build our own sizeable nest egg.

All you have to do is follow a few simple steps, and you’ll be able to create your own impressive net worth. Sure, it may never get to the heights of Branson’s fortune, but, then again in may. Regardless, you’ll have to start somewhere, so start here:

Net Worth - Build Like Branson

Key Takeaways

Here are some key Richard Branson takeaways:

  • Branson’s Net Worth:  $5.1 billion
  • Annual Earnings **:  $204 million
  • Social Media Followers:  22 million
  • Keys to Success:  Innovation, Risk-Taking, Persistence

Richard Branson’s sizeable net worth is directly related to his penchant for experimenting with new bold business ideas, quickly ridding his portfolio or the duds, and sticking with the ones that showed traction.

His thought leadership and aiming to stay ahead of the curve in terms of customer interest and sentiment, helped him find heaps of financial success along the way.

With that being said, we hope you enjoyed these insights, and most importantly, we hope they inspire you to begin building your own fortune.

Till then,

STRIVE

PS  – If you enjoyed this Richard Branson Net Worth page, then you’ll may enjoy some of his most inspiring quotes. You can give them a look here: Richard Branson Quotes.

** These earnings are hypothetical and calculated off of the earning power of Richard Branson’s net worth alone, assuming a 4% dividend yield.

Continue Reading

Money

NET WORTH OF SELF-MADE BILLIONAIRE RIHANNA

Published

on

Rihanna Net Worth

Rihanna is the world-renowned pop star, actress, fashion designer, and highly successful businesswoman. She first captured the limelight as one of the top musical artists back in 2005 shortly after leaving her home country of Barbados. She was only 16 when she decided to pursue her dreams, but she’ has shown the world that her sacrifice has been well worth it. Nearly 17 years have past and Rihanna has since won dozens of awards, sold millions upon millions of chart-topping albums, started her own successful businesses, and has built up a staggering amount of wealth in the process.

So, that’s exactly what this page will be highlighting, Rihanna’s net worth and her current earning power. And, just for good measure we’ll also include a few fun facts related to her success and influence. So, let’s dive in.

What Is Rihanna’s Net Worth?

Rihanna's Net Worth

Have you’ve ever wondered what Rihanna’s net worth is? If so, here is your answer; as of 2023, Rihanna’s net worth has been estimated to be over $1.7 billion.[1] Interestingly, more than 80% of her wealth stems from her cosmetic brand ‘Fenty Beauty’.

Rihanna’s partnership with one of the richest people in the world, Bernard Arnault and his luxury company LVMH, was a financially savvy business move. Since launching her brand in 2017, it has exploded in popularity and value, growing to it’s current massive valuation of $2.8 billion in only 4 short years.

How Much Does Rihanna Make?

Various sources put Rihanna’s annual income somewhere between $40 million to $70 million per year depending upon what projects and promotions she is undertaking at the time of recording. In short, her annual active income varies somewhere between this range.

However, we can tell you how much Rihanna could make if she decided to never work another day in her life. So, if you’ve ever wondered how much money Rihanna makes a day, a month, or even a year, we have a metric that will give you a rough estimate.

To get to this number, we will assume Rihanna is a savvy enough investor to earn an annual 4.5% yield on her combined $1.7 billion net worth (note: 4.5% is a very reasonable return to expect, considering historical returns on safe investments have typically fallen between the 3% to 5% range).[2]

So, if Rihanna hypothetically liquidated all of her assets and invested them into a handful of strong stocks, ETFs, or REITs with a modest 4.5% annual dividend yield, she could ride off into the sunset and out of the spotlight forever and very easily make at least $76.5 million per year.

Rihanna’s Money Metric

Money MetricAmount
2023 Net Worth:$1,700,000,000
**Earnings Per Year:$76,500,000
Per Month:$6,375,00
Per Week:$1,471,151
Per Day:$210,164
Per Hour:$8,756
Per Min:$146
Per Sec:$2.43

Disclaimer: this is a hypothetical (but very possible) earnings Metric for Rihanna based off of her current net worth’s earning power alone.  It does not include how much she potentially earns from projects, sponsorships, or social media, etc. Again, this calculation is an estimate and is for entertainment purposes only.

Fun Facts: 

  • She’s a social media maven: Rihanna has 139 million Instagram followers, 103 million Facebook Followers, 40.9 million YouTube subscribers, and 107.9 million Twitter followers. This comes out to a grand total of 390.8 million social media followers.
  • Rihanna’s social media following grew by 6.2% from 2022 to 2023.
  • Rihanna was born February 20, 1988 in Saint Michael, Barbados.
  • Rihanna has sold over 60 million albums and 215 million digital songs world wide.
  • Rap artist A.S.A.P. Rocky is Rihanna’s main squeeze.
  • “ree-ANN-uh” is how she pronounces her name.
  • Rihanna officially became a self-made billionaire at the age of 33.

Rihanna’s Success

Rihanna is an inspiring woman whom we could all learn from. She’s managed to find much of her success by following her heart, pursuing her dreams, and consciously choosing to love and be herself in everything she does.

 “I Always Believed That When You Follow Your Heart or Your Gut, When You Really Follow the Things That Feel Great to You, You Can Never Lose.”

– rihanna –

Related: Rihanna Quotes

Rihanna’s first big break came from consistently making chart-topping music. Having sold over 215 million digital songs, and 60 million albums, she’s just about become a household name after the world fell in love with her distinctive and versatile voice, her authentic lyrics, and her fashionable appearance.

After finding massive success in the music industry, Rihanna has slowly transformed herself into both a cultural influencer and fashion icon. With massive influence and raving fans, Rihanna leveraged her popularity to create a beauty brand with luxury powerhouse LVMH.

Since the launch of ‘Fenty Beauty’, her success and wealth has compounded significantly. She owns a 50% stake in the beauty brand, and she’s also runs a successful lingerie brand named ‘Savage X Fenty’, and she recently launched ‘Fenty Skin’.

So, not only is Rihanna talented in the art of music, but she also has the art of business figured out as well.

Related: Rihanna Success Story

Here is a short video via Forbes that discusses in a bit more detail Rihanna’s journey to success:

Video Credit: Forbes (Subscribe Here)

“Sometimes It Takes A Thousand Tries To Win.”

– rihanna

Build a Fortune Like Rihanna

Rihanna is clearly a talented artist and savvy business woman who has managed to build her net worth to heights that only a few other woman have ever reached. Certainly, her success is unique and her wealth extraordinary, but everyone can build an impressive net worth over time.

If you you want to start building your own wealth like Rihanna, following the steps below is a great place to start:

Net Worth Like Rihanna

Key Takeaways

 Here are some key takeaways from Rihanna’s net worth profile:

  • Rihanna’s Net Worth:  $1.7 billion
  • Annual Earnings **:  $76.5 million
  • Social Media Followers:  390. million
  • Keys to Success:  Sacrifice, Hard Work, Lots of Sleepless Nights, Never Quitting

Rihanna’s massive net worth stems from her willingness to put herself out there, to take risks, make sacrifices, and work like crazy to leverage her potential and talents to make her dreams come true. And of course, her talent has helped her out a bit as well.

With that said, we hope you’ll take these Rihanna insights and allow them to inspire you to reach for your dreams and to chase the impossible, because you never know when your time will come.

Till then,

STRIVE

PS – If you want to build a sizeable net worth like Rihanna here are some key Financial Wellness Tips everyone should follow.

** These earnings are hypothetical and calculated off of the earning power of Rihanna’s net worth alone, assuming a 4.5% annual dividend yield/distribution rate.

Continue Reading

Money

MASTER P’S NET WORTH + HOW MUCH HIS WEALTH COULD EASILY MAKE HIM

Published

on

Master P Net Worth 2023

Master P (Percy Miller) is a highly successful American businessman who is most well known from his extremely popular rap label ‘No Limit Records’ and from being one of the most productive and successful rappers in American history. His entrepreneurial approach to music, combined with his relentless drive to improve the lives of his family, and those in his community has helped him become a multimillionaire many times over.

So, that’s exactly what this page will be highlighting, Master P’s net worth and his current earning power. And, just for good measure we’ll also include a few interesting facts related to his success and current ventures. So, let’s dive in.

What Is Master P’s Net Worth?

Master P Net Worth 2022 Forbes

Master P’s net worth was once estimated to be nearly $350 million when he was at his prime. But it dropped significantly when his wife at the time sought a divorce back in 2014. According to TMZ his now ex-wife sought over $67 million of their $178 million fortune that year.[1] Eventually they settled everything financially back in 2016, and they became officially divorce in 2022.[2]

That said, Master P’s net worth has been estimated to be around $200 million since 2017 per Celebrity Net worth. But what’s Master P’s actual net worth now? Per our analysis, Master P’s current net worth as of 2023 is estimated at $297 million.

How Much Does Master P Make Per Year?

Master P is still making moves, and is involved in various projects to help his community. He will forever be known as a Hip Hop mogul, and will pull in royalties on the works he’s done from the past for years to come. But these days, he’s pushing into new industries.

He’s expanded into the movie industry, video game industry, toy industry, sports industry and many more. Now, his next target is the food industry. P has his sights set on pushing products that find themselves on the grocery store shelves or auto showrooms.

Always a big thinker, he’s moved on to creating a line up of products, like cereal, syrup, oatmeal, snacks, and more, with profits going back to the community. [3] Inspired by Elon Musk, he also has plans for creating black-owned supercars.[4]

That said, his focus these days is to push most of the profit he makes from his enterprises back into the black community, so getting his most up-to-date income is hard to come by. However, we can still provide a baseline income, based off the earning power of his net worth.

To get P’s baseline income, we simply assume he’s a savvy enough investor to earn a 4.5% annual yield off of his net worth (not hard with 3-5% annual returns on safe investments historically). Assuming a hypothetical transfer of all of his assets into various safe dividend/cashflow yielding assets like REITS, ETFs, and Stocks, Master P could easily be making $13.4 million a year.

See the chart below on how that breakdown by month, day, etc..

MASTER P MONEY METRICS

Money MetricAmount
2023 Net Worth:$297,000,000
**Earnings Per Year:$13,365,000
Per Month:$1,113,750
Per Week:$257,019
Per Day:$36,717
Per Hour:$1,529
Per Min:$25.49
Per Sec:$.42

Note: this is a hypothetical (but very possible) earnings Metric based off the earning power of Master P’s net worth alone.  It does not include how much Master P makes from his on-going projects in entertainment, food or automobile enterprises, etc. This calculation is for entertainment purposes only.

MASTER P’S NET WORTH HISTORY

Below is a helpful snapshot of Master P’s Net Worth history. It highlights the drop in his fortune, and then his ability to make a comeback, and eventually come out stronger financially.

This wealth history goes back to 2014, showcasing a positive change in his overall fortune by 66.8% over the past 8 to 9 years.

Master P Net Worth History

Master P Fun Facts:

  • Master P has 3.6 million Instagram followers, 197.3K Twitter followers, 2.7 million Facebook followers, and 185K YouTube subscribers. As such, his grand total of social media followers 6.68 million.
  • P was a high school basketball superstar, and earned a scholarship to play for the University of Houston.
  • Master P founded No Limit Records in 1990.
  • In 1998, he made it onto Forbes list of America’s Top 40 Entertainers with his $56 million fortune.
  • As the owner of No Limit Sports, Master P represented Ricky Williams when he was drafted by the Saints.

How Did Master P Get So Rich?

Master P’s rise to fame and fortune was no overnight feat. He struggled to make it out of the dangerous streets of New Orleans, and eventually fell into the drug game as a way to make ends meet. After realizing that he wanted more for himself and his newborn son at the time, he moved his budding family California to start over.

It wasn’t too long after he arrived, that he serendipitously acquired a small $10,000 payout from his grandfather’s wrongful death suit. This money became the startup capital which he leveraged to open up his own record store business. He struggled with the business for a time, but it led him into gangster rap, which his record store began selling to fulfill the local demand.

Master P Net Worth Quote

This led to his interest in becoming a rapper himself, so as to share his experiences from the hood with eager listeners. Slowly but surely, he grew his fan base, improved his delivery, and once he figured out the marketing and distribution side of the music business, his success took off.

As a savvy business man and master marketer, Master P leaned into the industry to become more than just a rapper. He decided to become a producer, owner, and entrepreneur of his own label. And in a sense, he became a virtual rap factory, turning out new beats, new artists, all with trendy branding and packaging that took the country by storm. By 1998 his relentless efforts saw him bring over $160 million that single year alone.

And as a big thinking business man, P’s has yet to shy away from new projects that continue to build his wealth and improve the lives of those he serves.

Related: Master P’s Success Story

Wealth Building

These days Master P is more than just a rapper. He’s an entrepreneur and an investor, and if there’s one thing that P will continue to do long into the future, it’ll be building his wealth for both himself and his community.

Now you don’t need to become a rapper, a producer, or even an entrepreneur to get rich. In fact, you can build a sizeable fortune for yourself even get rich with a normal job.

Sure, it may take a bit longer to get to even close to the size of Master P’s net worth, but one thing is certain, it’ll never get there if you never start. So, why not get your hustle on like P, and get started on building your wealth today?

Masterful Insights

That said, here a few powerful words and success anecdotes that Master P has himself stated over the years. Give them a read, as they might just help you get on the right track for building your own business or financial empire.

Related: Master P Quotes

If you’re looking for even more success and wealth building insights to help you eventually build your own Master P-sized net worth, then you’ll enjoy the insights shared in this video.

Video Credit: Complex Hustle (Subscribe Here)

Key Takeaways

Here are some key Master P takeaways:

  • Master P Net Worth:  $297 million
  • Annual Earnings **:  $13.3 million
  • Social Media Followers:  6.68 million
  • Keys to Success:  Taking Risks, Trial and Error, Self-Education, Relentless Effort, Thinking Big

Master P’s sizeable net worth is biproduct of his ability to hustle and take risks to bring his grand visions to life. He’s never been one to settle, and the more you learn about him, the more you’ll realize that he’s a true student of success, a big dreamer, and willing to constantly put in the work to improve himself, his products, and his financial situation.

Master P Quote on Money and Knowledge

That said, we hope you got what you were looking for as it relates to Master P’s net worth and a bit more. If you enjoyed the page, please share it or come back when you’re in need of a bit of inspiration.

Till you reach your financial goals,

STRIVE

PS – If you enjoyed our Master P net worth profile, then you may equally enjoy learning about the net worth of other high achievers and influencers like Kanye West or Grant Cardone.

** These earnings are hypothetical and are calculated based off of the net worth of Master P using a 4.5% annual yield.

Continue Reading

Money

ELON MUSK NET WORTH + HOW MUCH HE COULD MAKE EVERY SINGLE DAY

Published

on

Elon Musk Net Worth 2023

Elon Musk is one of the most visionary entrepreneurs of our time. He has co-founded and sold multiple internet companies like Zip2 and PayPal.com. He has also led the charge in commercial space exploration and making alternative transportation cool as well as accessible to the mass market. All of which has directly led to him becoming a multi-millionaire by the age of 28, and then a multi-billionaire just three years later.

Elon Musk is an entrepreneurial trailblazer who has been stacking his accomplishments for well over two decades now. And naturally, with an impressive resume such as his, comes avalanches of money and a massive net worth. So, that’s exactly what we aim to address in this article, the net worth of the world’s richest man. We’ll also touch on his baseline income, his net worth history, and a few other interesting facts. That said, let’s dive in to Elon Musk’s net worth.

So What is Elon Musk’s Net Worth?

Elon Musk Net Worth

Elon Musk’s net worth is more difficult to pin down compared to most millionaires and billionaires. The primary reason for this is because he is still in his prime. For instance, Tesla, the company he is heavily invested in and runs as the CEO, recently saw it’s stock price grow by dramatically over the past year.

In addition to this, his space exploration company Space X recently doubled from $51 billion to over $100 billon. [1] So, his net worth is constantly fluctuating. With that being said, at this moment in time, we’ve been able to pin down Elon Musk’s net worth at $150 billion. [2]

He’s down $105.1 billion since our last update in 2022. So he’s down 41.19% (ouch) since then. Hopefully all of 2023 won’t be as difficult for Elon Musk as the past few months have been for him. On the bright side however, he is still one of the richest men on the planet!

How Much Does Elon Musk Make?

Elon Musk’s most recent payout before he put an offer in to buy Twitter, was clocked in at $23 billion.[3] This money was from hitting performance goals for Tesla, which offered such a generous payout as part of an ongoing pay-for-performance package.

That said, this number changes from year to year based on how Tesla performs, and it doesn’t include any income from his other company’s.

Elon Musk’s Baseline Income

Have you ever wondered how much money Elon Musk could make if he decided to cash out on all his ventures and call it a day? Well, we aim to provide that baseline income for you.

That said, this metric is based off the potential earning power of his multi-billion dollar net worth alone. Again, this is just a hypothetical calculation to assess what his baseline annual income is based off of his assets.

With that being said, let’s dive in. So, assuming Elon Musk decided to sell his $150 billion in assets, and invested that windfall profit into something “safer” like a few stocks known as either Dividend Kings, Dividend Aristocrats , or REITS with an annual 4% dividend yield (a very reasonable return to expect, considering historical returns on safe investments tend to fall between the 3% to 5% range).

What would we get? Well, Elon Musk’s baseline income would be $6 billion a year. Put another way, he could make $16 million every single day for pretty much doing nothing for the rest of his life. Here’s what that could look like broken down even further.

ELON MUSK MONEY METRICS

Money MetricAmount
2023 Net Worth:$150,000,000,000
**Earnings Per Year:$6,000,00,000
Per Month:$500,000,000
Per Week:$115,384,615
Per Day:$16,483,516
Per Hour:$686,813
Per Min:$11,446
Per Sec:$190.7

Disclaimer: This is a hypothetical (but possible) earnings Metric for Elon Musk based off of his net worth’s earning power alone.  This metric does not include the earnings he received from his recent bonus payout. Again, this calculation is for entertainment purposes only.

Elon Musk Net Worth History

Elon Musk wasn’t always the richest, but he has certainly been well-off for quite some time. In fact, he didn’t reach the pinnacle of wealth until Sept. 2021. That said, below is a helpful snapshot of how Elon Musk’s net worth has taken off over the years.

The wealth history graph below goes back 7 years, starting in 2016, and demonstrates how Elon’s net worth exploded after 2020, and grew by over 1,301% since 2016 (despite his recent crash).

Elon Musk Net Worth History

Interesting Elon Musk Facts:  

  • Musk had 8 million Instagram followers (before he deleted his account) and 107.1 million Twitter followers. As such, his grand total of social media followers would be 115.1 million.
  • In 2012 Elon Musk become a billionaire.
  • Elon Musk became the world’s richest in 2021.
  • Elon Musk lost the title of world’s richest in 2023.
  • In 2021 Elon Musk was named Time Magazine’s person of the year.
  • In 2022 Twitter’s board of directors agreed to sell the company to Musk for $44 billion.
  • Elon Musk was once more than twice as rich as Warren Buffett
  • Elon Musk is the proud father of 10 children.

How Did Elon Musk Become So Rich?

Elon was born in South Africa, moved to Canada for college, transferred to the U.S.A to finish his degrees in Economics and Physics. He also attended a Ph.D. program, but dropped out after just two days to dive into the dot com craze during the late 90’s.

He took calculated risks with his business start-up, which was driven by a larger than life ambition fueled by his passion.

Elon Musk Net Worth Quote on Passion and Purpose Scaling

In addition, Elon Musk also had a vision for the future, and saw ahead of time the need for digital mapping, e-finance, commercial space exploration and colonization, and modes of transportation that rely on alternative energy. And he courageously put all his eggs in each of these baskets.

So, in essence, he became successful by pursuing ventures that aligned with his purpose and passions, never giving up on his visions of “what could be”, and then relying on a super human work ethic to bring it all together.

Read More: Elon Musk Success Story

Success Sayings

Here are a few of his more well-known sayings about success to help paint a better picture. Be sure to share if you like any of them.

Related: Elon Musk Success Quotes

Billion Dollar Mindset

If you’re looking for further insight into the the mindset that has lead to the creation of billions of dollars in value, then give the video below a few minutes of your time. The video does a great job depicting the way Elon Musk thinks and approaches problem solving. Enjoy!

Video Credit: Mulligan Brothers (Subscribe to Their Channel Here)

How to Build Wealth Like Elon Musk

Building a net worth like Elon Musk may be a long shot for most people; however, that doesn’t mean you can’t start building your very own sizeable stash of cash. Hey, we all have to start somewhere.

So, if you’re looking to build your net worth, here are a few key steps you can begin taking today:

Build Net Worth Like Elon Musk

Key Takeaways

Here are some key takeaways from our Elon Musk Net Worth profile page:

  • Musk’s Net Worth in 2023: $150 billion
  • Musk’s Net Worth in 2022:  $255.1 billion
  • Annual Income (Est.** ):  $6 billion
  • Social Media Followers:  107.1 million
  • Keys to Success:  Purpose, Passion, Fearlessness, Work-Ethic

Elon Musk’s net worth and success is not typical, but clearly reaching such staggering levels of success is possible; otherwise Musk wouldn’t have achieved it.

And hopefully, you’ll agree that it is inspiring to know that a smart kid with a dream could follow his passion, work his tail off, take massive risks, and as a result create massive “luck” for himself.

So, follow suite and see what kind of “luck” you can also create for yourself.

Till next time,

STRIVE

PS – If you enjoyed this Elon Musk Net Worth profile, then you’ll likely enjoy learning about the net worth of some of his direct competitors like, Jeff Bezos or Bernard Arnault. And if you really want to see who was the richest, you’ll love this.

** These earnings are hypothetical and calculated off of the earning power of Elon Musk’s net worth alone assuming a 4.0% dividend yield.

Continue Reading

SPONSORED

Trending