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Showing posts from December, 2020

Buying Cash-Producing Assets--The Path To Retirement

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A book that changed my life was by an author by the name of Robert Kiyosaki called Rich Dad Poor Dad.   He talks about the mindset to have to get out of the Rat Race.   He has games called Cash Flow 101 and Cash Flow 102 that help you get into this mindset.   So, you may be asking, "How does a person escape the rat race?"   Some may think it's getting an inheritance, winning the lottery, or robbing a bank.  The truth is you don't need a lump sum of money to retire.  All you need is a plan of increasing your net monthly income without the need for a job and having more money left over at the end of each month.   I've learned that a goal is not buying expensive cars, houses, and gambling your money on "the next best thing."  It's just buying cash-producing assets.   Saving money for retirement is the reason why people need to work well past 65 at a job they hate.  Each month may leave you with very little, and you only get ...

Anticipated Future Changes Coming to Social-Media-Celebrities

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As more people begin to turn away from traditional media, I predict that the dominant society will begin courting social-media-celebrities to market their messages. 61% of young adults reported using online streaming in place of television. This was back in 2017. The numbers have only increased. Traditional celebrities are becoming antiquated. Some companies are already realizing the sway that social-media-celebrities carry. However, I find myself thinking about the music scene of the 1990s. You can check all of King Vader's videos  here . During the 1990s, up to the early 2000s, famous Black musicians were earning lucrative incomes. This led major music labels to create the 360 Deal ; this entitled companies to a percentage of all record sales. Moreover, these companies would receive the lion's share of the revenue for record sales; this is why artists in the late 2000s began touring frequently. At the time, money made from shows fell outside of the 360 Deal. Anything outsi...