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When Celebrities Go Broke

You have seen it over and over throughout the years. MC Hammer, Mike Tyson, and others that have spent more than they make. The problem isn’t actually with their spending. It is with their choice of (or lack of) investments.

There are certain sure things in this world. One of them being that there is such a thing as a “safe investment”. The problem is that most people (even celebrities that have consultants) don’t know what they are or how to use them. Another sure thing is that it takes very little research to find that safe investment.

Now, I am sure that what you are about to read will be challenged by so-called experts. The problem is that those experts are non-educated in the real world. They simply repeat things they read or hear.

In these economic times, you read a lot about how investors lose their shirts in real estate. The reason why though is something that isn’t told. Real estate can make you, and keep you rich. You just have to buy it properly otherwise you end up on the news bitching about it. Buying it right means providing the seller with what they can accept, and taking the property using leverage. You do not pay all cash for a property and expect to make a profit on it in your lifetime. You pay $10k, at most, down on a $100k property. Then you rent it out and have that mortgage be paid by the tenants. Your return is infinite once you get your $10k down payment back (which is very much within your lifetime).

You can start new companies as well. Once that aren’t completely risky and have no exit strategy. Celebrities have the clout to make a big dent in a grand opening, or an e-commerce launch.

The biggest problem is some celebs think that their income is a permanent thing. Multiple strings of income is essential though. I consult on these things. Unfortunately, I wasn’t around when MC Hammer lost his shirt.

My Current TV List

In order to know me a little better, I thought I would share my current tv watch list. These are shows that I prefer on primetime, and not primetime.

1.) House – I watch this because he actually reminds me of me. I started from the very first show. His ability to always be right, and his way of offending people. It’s crazy but I think they wrote this show based on ME.

2.) Bones – I kind of like it because of the dynamic between the main characters. It’s one of the few crime shows I actually can follow without getting bored.

3.) Numbers – It’s a good show because of the math. My wife watches it because it’s a good crime show, but I am more of a math nerd. So sue me.

4.) Simpsons – Do I really have to tell you why? It’s funny. And my wife says that they came up with the Homer character by studying me. Funny, but she sounds like Marge when she grumbles.

5.) Cribs – I used to watch this all the time because it game me something to look forward to financially. I still like the show because it’s just a great show.

6.) Human Target – Great because of the fighting. I am a martial artist after-all. I like those kinds of shows.

It might not be a complete list, but it’s a good start to an insight into what I like to watch.

My New Motive as a Blogger

For a long time, I have used blogging as a way to make money through advertisements. The funny thing is that I found that traffic is much more easily gained when I am posting based on actual happenings in my life in addition to specialized articles on my industries.

My new motive as a blogger is to blog about everything. Everything from my business, to my personal life. I am sure my wife will probably not be too happy about this motive, but alas… I cannot please everybody icon wink My new motive as a blogger

I also hope to bring a bunch of readers to this blog that will comment more often. Your comments (not the spammers) help me to produce posts that my readers want to see.

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