If you have been watching the news, then you may have heard the word “recession” thrown around a lot as of late. While we may not be there just yet, there is definitely some financial uncertainty in the air, and it is important that you do not ignore a potential financial downturn. You alone can’t prevent a recession from happening, but you can do your part to save yourself, your family, or your business from taking a major hit if one does come around.
Today, we will talk about how to thrive in a recession, including how you can manage your money, improve your worth, and relieve unnecessary stress so you can get through this tough time and get to the other side in the best shape possible.
7 BEST WAYS TO THRIVE IN A RECESSION
Your primary objective during a recession is to take the steps necessary to ensure that your family or business stays safe and productive. You’ll likely have to face the fact that you can’t splurge as excessively as you did before the financial downturn, but that doesn’t mean that you can’t have the money you need to stay afloat and maintain your current standard of living. You just may need to manage your money better and cut out unnecessary expenses.
You can do that by creating a budget. List out every expense that you pay every month, from groceries and utilities to the money you pay for streaming services, dinners out, and sporting events. Compare that total to the amount of income you have every month. If you are cutting it close, then you may need to eliminate some unnecessary expenses.
Do you need to have lunch at a restaurant every day, or can you make your own at home? Do you really watch every streaming service, or can you eliminate the one you watch the least? Determine what you can cut, and you can put the leftover money into your emergency fund.
Yes, a recession may be scary, but you can’t just bury your face in a pillow and wait for it to be over. Instead, you need to take care of your mental and physical health so you can be ready for each new day. Consider eating a healthy diet and exercising for at least 20 minutes every morning.
In addition to feeling physically fit, these workouts will also help you to feel mentally refreshed so you can take on the challenges of the day. That is also why it is important to get seven to nine hours of sleep every night. You need to wake up every day with a clear mind and a rested body so you aren’t sluggish, and can accomplish your goals.
The idea of surviving through a recession is stressful enough. You don’t need to add extra anxiety to the situation. That is why you need to be aware of scams and tactics that malicious characters may use to try and trick you into giving them money.
For instance, when times are tough, there can be an increase in phishing scams. The scams can come to you in a variety of ways, but they will often be in the form of an email from a hacker who is pretending to be someone you trust or an institution you use, like a bank. They will tell you they need you to click a link or open an attachment, but if you click, then you are really opening the door for the hacker to access your systems. From there, they can steal your money or personal information. When in doubt, call the company directly to ensure it is the real deal.
A phishing scam may also be presented as a fake interview for a new job. When times get tough, hackers know that they can trick people with fake job ads. Often, they will email you and tell you that you can open an attachment to see the job responsibilities, but really it will allow malware to leak into your system.
Sometimes, a “recruiter” will tell you to sign in to Skype or Google Hangouts to complete the interview, and during it, they may tell you that you will work remotely and that you need to pay them to get the equipment. No legitimate job will ever ask you to do that, so consider it a red flag. Research the job further before you continue the recruitment process.
For more insights on how to recognize and avoid phishing scams, this resource provided by FTC.gov is a good place to start.
If you run a business, then you likely have a larger burden to handle when a recession seems near. In addition to keeping the company afloat, you will also need to keep your employees engaged and happy, deal with supply chain issues, and face the reality that your customers will likely spend less money than they did in the past.
Just like with your personal finances, you can thrive during the recession by keeping track of all of your spending and finding ways you can streamline those costs so you can continue to keep production where it needs to be. Continue to pay off your debts when they are due and refinance debt if the situation presents itself.
As far as talking to your employees, you can be honest and share the tactics that you are using to get through this tough time. You can also ask your team for any ideas they may have to help the situation. They will love the opportunity to pitch some potential solutions.
If the recession means that your job is giving you fewer hours or that your position may be in jeopardy, then this is not the time to fret. Instead, this is an opportunity to use your extra time to take action and start building a new career.
If there is a subject that interests you, then this is the chance to invest in yourself, so you can come out on the other side and find a better job that will sustain your family for years to come.
You don’t have to spend thousands of dollars on a 2-year degree, but you can take a few night or online classes when you have free time. By always working to improve yourself and your life, you will reach greater heights and teach the kids a great lesson.
It is important that you do not make any rash decisions that could hurt your family or their future. If you have investments in retirement accounts and college funds, then try to avoid dipping into them to pay the bills unless you absolutely have to.
Remember that the recession will end at some point, and you don’t want to be wiped out. If you absolutely need to withdraw funds, then only take out the necessary amount and create a strategy for how you plan to replace those funds later on.
That said, if you really want to ensure you thrive in a recession, make sure you have a solid investment strategy in place.
When all else fails, you can try to add some extra income by looking for a side gig that you can do in your free time. That could include anything from driving for a food delivery service to taking surveys online. If you have a particular talent, like teaching or playing an instrument, then you can work as an online tutor or explain your skills as a freelance writer.
As you can see, there are many different ways that you can not only survive, but thrive during a recession. Keep these tips in mind, and you will make it through to brighter days.
PS – If you enjoyed this article about how to thrive in a recession, we have a feeling you’ll also enjoy this resource on improving your money mindset for more financial success.
WARREN BUFFETT’S NET WORTH AND HOW HE GOT SO RICH
Warren Buffett is the CEO of Berkshire Hathaway, and is one of the most successful investors of all time. In addition to this, he’s also one of the world’s greatest philanthropists and richest self-made billionaires. To be sure, he has come a long way from his modest beginnings out of Omaha, Nebraska.
Having ran the gamut of various investment jobs as an investment sales person, securities analyst, to even being a partner at a small investment firm, he now calls the shots as one of the richest and most successful people in the world. And the reason he gets to call the shots is because of his uncanny ability to invest in businesses that almost always grow exponentially in value.
In fact, his track-record for stock-picking and investing in over 60 companies has allowed him to become the world’s fifth richest person with a staggering net worth.
What is Warren Buffett’s Net Worth?
How staggering? Well, according to Forbes, Warren Buffett’s Net Worth is $120 billion. He’s up about $10 billion from the end of 2022, so he’s still plenty rich.
How rich? Well his net worth is approximately 123,000,000% larger than the median net worth of the average American, which is around $97,300, but who’s counting?
How Much Does Warren Buffett Earn?
One thing that is well known about Warren Buffett is his belief in value investing, which is one of the main strategies he has used to build such a large nest egg. However, another key to his fortune is related to his frugal way of living despite his immense net worth.
For example, for many years Warren Buffett has claimed an annual salary of only $100,000 as the CEO of Berkshire Hathaway. Why? To minimize his tax liability, and have more money to reinvest back into his corporation’s holdings. So how much has he earned this year? $100,000.
Now how much could he earn if decided to pay himself from the earning power of his entire net worth? Well, we’ll tell you with this hypothetical money metric we’ve created based off his net worth of $120 billion alone.
So, we know Warren Buffett is a savvy enough investor to at least earn an annual 4% dividend yield on his combined $120 billion net worth, because he’s been able to get returns of around 30% per year for over 10 years in the past, with many of those holdings having similar dividend yields. So for simplicity’s sake, we will base our estimation off of a 4% yield, and assume he invested his entire net worth into a few safe(ish) Stocks, ETF, and REITS. Which, if he did, his annual earnings would easily come out to be around $4.8 billion per year, so about $400 million a month.
WARREN BUFFETT’S MONEY METRICS
|2023 Net Worth:||$120,000,000,000|
|**Earnings Per Year:||$4,800,000,000|
Note: This is an approximate earnings metric based off of the earning power of Warren Buffett’s net worth’s alone. It does not include how much he potentially earns from projects, sponsorships, or social media, etc.. This calculation is for entertainment purposes only.
Warren Buffett Net Worth History
Rome wasn’t built in a day, and neither was Warren Buffett’s wealth. Here’s a quick snapshot of Warren Buffett’s net worth history by year, going back 7 years.
Slow and steady usually wins the race, and in Buffett’s case, it’s helped him become one of the top 10 richest people in the world.
Buffett Fun Facts:
- Warren Buffett applied to Harvard, but was ultimately rejected.
- Buffett’s father-in-law told Buffett that he would fail in business.
- 99+% of Warren Buffett’s wealth was earned AFTER he turned 60.
- Buffett has lived in the exact same house since 1958.
- Warren Buffett spends at least 80% of his day reading.
- Warren Buffett’s net worth is larger than the GDP of Ukraine.
- Buffet’s fortune is ONLY HALF the size of Elon Musk’s fortune.
Related: Think and Grow Rich
How Did Warren Buffett Become So Rich and Successful?
Warren Buffett’s father was a politician, but also an investor, which likely had a lot to do with Warren learning the ropes of investing at the ripe young age of 11. Of course, Warren was also entrepreneurial at heart, as he was known to try to make money through various ventures in his youth. Ventures like selling bubble gum, coke bottles, and running a pinball machine business.
In addition, Warren was so good with money and numbers, that he had a net worth of $6,000 when he was only 15 years old. This is impressive, considering $6,000 in 1945 is the equivalent of around $86,743 in today’s dollars.
Now, there is no doubt about it, that Warren Buffet’s Net Worth and success are atypical. But, what we can gleam from observing the success advice he tends to generously give, is that much of his success stems from his passion for wealth building and a knack for numbers.
In addition to being fearless and not following the crowds. He also suggests that much of his success stems from his love of reading and going to bed a little smarter every day. Indeed, it seems that compounding knowledge about how to compound one’s money is a pretty good recipe for financial success.
Related: Warren Buffett Success Story
Success in His Own Words
Here are a handful of wise Warren Buffett sayings that also lend a few small clues on how he became so rich and successful:
“Look for the job that you would want to hold if you didn’t need a job. You’re probably only going to live once.” – Warren BuffettTweet Quote
“Be fearful when others are greedy and greedy when others are fearful.” – Warren BuffettTweet Quote
This is a great video that provides a few more breadcrumbs on how Warren Buffett became so rich.
Video Credit: Yahoo Finance (Subscribe Here)
Related: Getting Rich With a Normal Job
Here are some of the key takeaways from our Warren Buffett Net Worth article:
- Buffett’s Net Worth: $120 billion
- Annual Salary: $100,000
- Annual Earnings **: $4.8 billion
- Keys to Success: Having a Passion for Your Work, Risk Taking, Reading
Warren Buffett’s massive net worth is the result of having the tenacity to read and research everything there is to know about a business before investing in it. As well as having the guts to sell his well researched ideas to attract more money to leverage.
His wealth and success also stems from being willing to fearlessly sink money into businesses and markets despite the rest of the world seemingly doing the exact opposite.
And lastly, loving every aspect of this process with a passion clearly puts him at an advantage to do what he does longer and with more exuberance that most others would.
With that being said, we hope you’ll let Warren Buffet’s net worth and some of the keys to success we shared inspire you to find new and creative ways to make more money. so you can then invest it and start building your own sizeable pot of gold.
Till next time,
PS – If you want to build sizeable net worth and not have to work till the day you die to do it, then you’ll have to learn how to make money while you sleep like Warren Buffett.
** Disclaimer: These earnings are hypothetical and calculated off of the earning power of Warren Buffett’s net worth alone assuming a 4% dividend yield.
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.
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
|2023 Net Worth:||$135,000,000|
|**Earnings Per Year:||$14,500,000|
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.
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:
“Stop putting it off! Procrastination breeds guilt, guild breeds depression, and depression breeds failure.” – Barbara CorcoranClick To Tweet
“You don’t need an MBA to launch a business. You need street smarts and grit.” – Barbara CorcoranClick To Tweet
“The hardest lesson to learn is that you are more capable than you think you are.” – Barbara CorcoranClick To Tweet
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
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,
** These earnings are hypothetical and calculated off of x’s net worth’s earning power alone assuming a 4.0% dividend yield.
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”.
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.
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
“Disciplined, consistent, and persistent actions are more of a determining factor in the creation of success than any other combination of things.” – Grant CardoneTweet Quote
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
“Become a millionaire not for the million dollars, but for what it will make of you to achieve it.” – Jim RohnTweet Quote
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
“Most people fail to realize that in life, it’s not how much money you make. It’s how much money you keep.” – Robert KiyosakiTweet Quote
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
“People don’t want to be millionaires – they want to experience what they believe only millions can buy.” – Tim FerrissTweet Quote
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
“All wealth comes from adding value, from producing more, better, cheaper, faster, and easier than someone else.” – Brian TracyTweet Quote
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
“If you don’t find a way to make money while you sleep, you will work until you die.” – Warren BuffettTweet Quote
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
“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 BrownTweet Quote
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
“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 SchultzTweet Quote
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
“No matter how smart you are, if you don’t know how to work with people, your dreams will just be dreams.” – Jack MaTweet Quote
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
“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 GettyTweet Quote
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
“Rich people have small TVs and big libraries, and poor people have small libraries and big TVs.” – Zig ZiglarTweet Quote
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 KrocTweet Quote
71. “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
“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
“Success isn’t overnight. It’s when everyday you get a little better than the day before. It all adds up.” – Dwayne “The Rock” JohnsonTweet Quote
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
“Ferrari doesn’t advertise on TV because their customers don’t watch much of it.” – Patrick Bet-DavidTweet Quote
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
“Obsessed is a word used often by the lazy, in order to describe the dedicated.” – Tai LopezTweet Quote
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
““If you do not see riches in your imagination, you will never see them in your bank balance.” – Napoleon HillTweet Quote
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
“One has to remember that every failure can be a stepping-stone to something greater.” – Colonel SandersTweet Quote
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
“There is only one thing that makes a dream impossible to achieve: the fear of failure.” – Paulo CoelhoTweet Quote
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
“Go as far as you can see; when you get there, you’ll be able to see farther.” – J.P. MorganTweet Quote
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.
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,
PS – If you enjoyed our millionaire quotes, then you’ll love these quotes on how to get in the millionaire fastlane.
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. 
- $6.6 billion net worth according to Wealthy Gorilla. 
- $5.5 billion net worth according to Ye himself after retweeting an article via OK News. 
- $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.
- In late 2022 Forbes placed his net worth at $400 million. 
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 ).
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
|2023 Net Worth:||$430,000,000|
|**Earnings Per Year:||$17,200,000|
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.
- 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)
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,
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.
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 $70 million per year.
And this is a conservative estimate, meaning he could have earned much more.
RAY KROC’S MONEY METRICS
|2023 Net Worth:||$ 1,773,000,000|
|**Earnings Per Year:||$70,920,000|
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).
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:
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
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.
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,
** These earnings are hypothetical and calculated off the earning power of Ray Kroc net worth today assuming a 4.0% dividend yield.
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. 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. 
Sylvester Stallone’s Money Metrics
|2023 Net Worth:||$450,000,000|
|Earnings Per Year:||$18,000,000|
|Per Week:||$ 346,154|
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:
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,
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.
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.
In addition to this, he’s also able to command at least $100 – 150K per speaking engagement. 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
|2023 Net Worth:||$5,000,000|
|**Earnings Per Year:||$225,000|
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:
“The only reason why I became successful was because I went towards the truth. As painful and as brutal as it is, it changed me. It allowed me, in my own right, to become the person who I am today.” – David GogginsClick To Tweet
“The path to success will leave you callused, bruised, and very tired. It will also leave you empowered.” – David GogginsClick To Tweet
“Life is one big mind game. The only person you are playing against is yourself.” – David GogginsClick To Tweet
Read More: David Goggins Quotes
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,
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.
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