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My Super Tycoons Facebook Game Net Worth Just Hit $60 Billion

September 22, 2010 By 4 Comments
Super Tycoons Facebook Game Update

The last time I updated you on my Super Tycoons Facebook game exploits, I was rejoicing at increasing my in-game net worth from $100 million to $14 billion between May and August.  This was after I rolled out my flour empire expansion. Ultimately, I decided instead of going for the commodity leader board, I would sell the flour to enter the auto manufacturing industry.  To date, I've harvested 18,176,980 pounds of flour but I only have 4,577,747 pounds on hand.  The figure would be much … [Read more...]

Filed Under: Video Games Tagged With: , ,

We Just Accidently Entered the Adult Toy Business Without Realizing It

September 19, 2010 By 2 Comments
Funny Advertising Affiliate Income

We accidentally entered the adult toy business without realizing it. Some of our business websites have affiliate programs with Amazon.com so if someone clicks on the product link, we get a % of all revenue for any product that person buys for the next 60 or so days - doesn't matter what they buy. It's a nice boost of "pure profit" because money just gets deposited into our account, giving us more cash to invest. Anyway, today we run the affiliate revenue report and it seems someone who … [Read more...]

Filed Under: My Businesses Tagged With:

Free Trade Isn’t Always Fair Trade

September 3, 2010 By Leave a Comment
Free Trade and Fair Trade Global Policies

A few days ago, I wrote a five-part essay called How to Solve the Trade Deficit in response to a reader question about trade policy in the United States. The reader, Adam, responded on his blog.  Here is my followup to his commentary. I Would Love to Run Trade Surpluses But It Isn't Going to Happen If the United States were to run trade surpluses, as opposed to going trade neutral, we would be accused of mercantilism (rightly).  This would immediately cause our trade partners around … [Read more...]

Filed Under: Economics, Making Money Tagged With: , , , , , , , , , , , , , , , , , ,

This Really Is What I Do All Day …

September 1, 2010 By Leave a Comment
Joshua Kennon Reading in His Investing Office

It is true ... 90% of the day, I am sitting behind my desk, reading and trying to learn (and, in turn, figure out how I can use that knowledge to do something profitable for Kennon Green Enterprises).  Today marked the start of our busy season.  Coupled with the huge uptick in stocks, it was a nice opening to the last third of the year.  My goal is to keep paying down the small amount of debt we have through regular amortization, continue building our investments and cash reserves, and grow … [Read more...]

Filed Under: My Businesses Tagged With: ,

The Final Third of the Year Begins!

August 18, 2010 By 1 Comment
Autumn and Winter

I'm really excited that we are heading into the back third of the year and the schools are back in session. Third and fourth quarter generate most of our revenue and sales.  I love being well dressed, wearing a cashmere Ralph Lauren coat, and going Christmas shopping for family at my favorite high-end department stores.  I love having steak dinners at Fleming's and Ruth's Chris.  I love contributing to my retirement accounts and pension plans.  I love counting that year's profits and … [Read more...]

Filed Under: My Life Tagged With: , , , , ,

Response to What Is Probably the Most Ignorant Message I’ve Received In 10 Years of Writing Finance Articles

July 26, 2010 By 2 Comments

A reader named Medusa wrote me and, to keep it short, explained that I shouldn't believe people should be rich because the Bible is against rich people, that I was going to die a miserable, lonely old man with no one who loved me because I saved my money instead of spending it, and that after reading a profile I wrote based on Federal Reserve data of the Capitalist Class in the United States, she was starting to consider the possibility that the rich were nothing but oppressors who steal from … [Read more...]

Filed Under: Saving Money Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

The House of Creed Is the Perfect Family Business

July 7, 2010 By Leave a Comment
Creed Fragrance Counter at Harrods Department Store

This is cross-posted from the Investing for Beginners site at About.com, a division of The New York Times.  I wanted to point it out to the readers here and tell you to head over there and check it out because I had been writing so much about Creed perfume, cologne, and fragrance products the past few days and the Creed business itself.  Many of you read my About site anyway, but I just wanted to make sure you didn't miss it. For the past few days, I've been adding to my collection of … [Read more...]

Filed Under: Case Studies & Profiles, Fragrances & Perfumes Tagged With: , , , , , , , , ,

New Jersey Battles Over Millionaire Tax

June 20, 2010 By 3 Comments
New Jersey Governor's Mansion

Think about all the income I earn and my businesses earn.  The sales and profits that are generated 24 hours a day, 7 days a week, 365 days a year.  Guess what?  The taxable income could have belonged to the state of New Jersey.  However, the cost of living, driven in part by the state tax rates, were too high for my liking so I left after roughly five years. Now, the New Jersey legislature wants to pass a tax that will hit 16,000 millionaires by taking 10.75% of their income above $1 … [Read more...]

Filed Under: Politics, Religion & Culture Tagged With: , , , , , ,

Mail Bag – How Does Someone Start Creating Passive Income?

June 13, 2010 By 8 Comments
Passive Income from Computers Have Changed the World in the Past 20 Years

Among the thousands of emails and messages I receive regularly, I came across one today that was sent to me on May 17th by Cale P. Here is the question that was posed: I'm a pretty talented IT professional with great salary and a standard quality of living. I've known that I won't be in IT for my whole career, at least I hoped. I have a natural ability to invent and I really would love to own private business(es) to see my decisions in a company flourish. However, I'm unsure of how or when … [Read more...]

Filed Under: Mail Bag, Making Money, My Businesses Tagged With: , , , , , , , , , , , , , , ,

There Is a Big Deal in the Works

June 1, 2010 By 1 Comment
There is a big investment deal in the works for one of our businesses.

I apologize for my recent absence. Roughly two weeks ago, an opportunity presented itself that could generate at minimum several million dollars in additional annual revenue for one of our companies, while still allowing us to earn very high pre-tax operating margins on little capital investment.  Needless to say, anytime something crosses my desk with a potential seven-figure (or higher) payoff attached to it, my attention is piqued.  In this case, the details were sufficient for me to shut … [Read more...]

Filed Under: My Businesses Tagged With: ,
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