Kennon-Green & Co. Global Asset Management, Wealth Management, and Investment Advisory

Making $100,000 Per Year as a College Student

How We Made $100,000 a Year as Full-Time College Students

I found some of our old tax filings from last decade!  It turns out that around our college days, living together in the apartment complex next to the Quakerbridge Mall in Princeton, New Jersey, our combined household income was somewhere between $80,000 and $100,000 even though neither of us had full-time jobs and we were both students attending school on music scholarships.  (This is the same apartment that I showed you a few months ago.)  The difference between the two figures depends on whether you count unrealized capital gains as “income” since our net worth was increasing but it didn’t reflect in our taxes at the time.

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How to Measure Your Wealth Header

How to Measure Your Wealth

Years ago, I vaguely remember hearing someone comment that it was interesting how differently we measure wealth today compared to British society at the end of the 19th century.  This made me realize that most people don’t even know there is a difference; that there are primarily two ways you can think about measuring your wealth and which you choose for your own household will influence how you behave, the capital structure you employ, and even how you think about risk.

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Franke Previt Composer

Songwriter Franke Previte Still Collects Six-Figure Royalty Checks on Two Hit Songs Written Nearly 25 Years Ago

Reuters just published an awesome article about songwriter Franke Previte, who lives in New Jersey, and wrote the hit songs “Time of My Life” and “Hungry Eyes” for the movie Dirty Dancing. The copyrights have turned out to be a lottery ticket for the composer, providing him with a substantial stream of profits upon which…

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Do the Work That Is On Your Desk

How Do You Get Rich? Do What Is On Your Desk and Do It Well

A fantastic passage from page 97 of The Richest Man in Town: The Twelve Commandments of Wealth. It talks about how success in life comes down to execution of the work that is sitting your desk, right now. That means getting it done right, getting it done quickly, and getting it done with pride so that your name becomes synonymous with quality.

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Lottery Winners Go Bankrupt Just as Often as Non-Lottery Winners

A lot of times, people convince themselves that if “they just had a little more money” they wouldn’t be in the financial dire straits they are.  Their bills would be paid.  They wouldn’t have financial stress.  The problem is, everyone else with any sense in their life is likely thinking, “Yeah, you’ll be right back in this situation in a few years” but no one wants to say it aloud.

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Why Don't People Realize You Can Own Real Businesses Just Like a Video Game

Why Don’t People Realize You Can Do This In Real Life?

During college, one of Aaron and my closest friends made a comment that still haunts me to this day.  I was explaining that if you own a share of The Coca-Cola Company, you actually receive a proportionate cut of the company’s profits on every single can of Coke sold.  This makes sense, after all … if a business is divided into 100 shares outstanding, and you own 1 share, you own 1% of the company.  If you own all 100 shares, you would own the entire business and get all of the profit, right?  For me, this falls into the, “We hold these truths to be self-evident” category.

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Kennon-Green & Co. Global Asset Management, Wealth Management, and Investment Advisory