Making Money Archives - Page 4 of 4

May102010

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?

Investing Articles, Making Money, Video GamesBy Joshua Kennon May 10, 2010 3 Comments

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.

Mar102010

The Bosendorfer Strauss Grand Piano – A Real Life Lesson in the Time Value of Money

Investing Articles, Making Money, MusicBy Joshua Kennon March 10, 2010 6 Comments

From the time I was a kid and had only a few thousand dollars in the bank, I have wanted a Bosendorfer Strauss model grand piano, probably in a 7 foot size (which is comparable to a Steinway & Sons Model B semi-concert grand). Yet, the list price is $111,080 plus you’d be looking at sales tax of roughly $8,331 for a grand total of $119,411. The time value of money opportunity cost of buying a Bosendorfer Strauss grand piano, then is enormous.

Mar22010

The 5 Levels of Building Wealth

Making MoneyBy Joshua Kennon March 2, 2010 9 Comments

Early in life, I developed a theory that there were five levels of building wealth that most self-made men (and women) go through to reach financial independence. The theory began due to my love for Carl Barks Scrooge McDuck comics.

Mar22010

Business Should Be Fun … If It’s Not, You’re Doing Something Wrong

Making Money, My Businesses, My LifeBy Joshua Kennon March 2, 2010 4 Comments

I believe one of the signs of a life well lived is the fact that you wake up every morning and jump out of bed because you can’t wait to spend your time focusing on something that makes every part of you – physically, mentally, emotionally, and spiritually – satisfied. This is going to be different for everyone.

Feb92010

What The Rich Really Collect

Making MoneyBy Joshua Kennon February 9, 2010 1 Comment

Everyone focuses on the stuff the rich people collect. Yet, the biggest secret is that the rich are really collectors of rents, royalties, dividends, and interest. Whether song rights, hotel ownership, businesses, sales commissions, stocks, timberland, or patents, these are the things they truly amass.

Feb92010

How to Find Investment Ideas

Making MoneyBy Joshua Kennon February 9, 2010 4 Comments

Here’s how you can find investment ideas using an example from my own family’s experience running a successful sporting goods store.

Feb52010

Building Wealth with Dollar Cost Averaging into Diversified Stocks

How One of My Family Members Used Shares of U.S. Bancorp to Build Substantial Wealth

Making MoneyBy Joshua Kennon February 5, 2010 6 Comments

A member of my family has been using a technique to build substantial wealth that doesn’t require a high income or any specialized knowledge, extra work, or effort. I was so impressed by the way he implemented this program, I thought I would share it with my other family and friends (as well as anyone else who reads my blog) without giving away who it is.

Feb42010

The Importance of Frugality in Building Wealth

Making MoneyBy Joshua Kennon February 4, 2010 5 Comments

I was up until 6:30 this morning reading Stop Acting Rich … By Thomas J. Stanley, Ph.D., the author of the incredibly successful The Millionaire Next Door and The Millionaire Mind. It’s remarkable because so much of what the “average” millionaire did to achieve his or her wealth is exactly, precisely the same things I, and members of my own family, did to become financially independent.