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Danny Willett’s Net Worth

Danny Willett's Net WorthIf you’re a Golf fan, or just heard about Danny Willett’s surprising rise to fame, you no doubt were shocked by his winning the Masters in 2016. But how did he accomplish this especially at a relatively young age?

Danny Willett’s Career

Long before shocking everyone at the 2016 Masters by winning (claiming $1.8 million) Danny Willett started by playing for JSU (Jacksonville State University). This was in 2005 and he did such on a scholarship.In 2006 he won the Troy Invitational and in 2007 he won both the Mission Inn Collegiate Classic and, the Ohio Valley conference championship.

After ranking the number 1 amateur in the world he decided to go pro in May 2008 and ranked 59th for the Race to Dubai by the end of 2009. After that accomplishment he went on to the next coming in fifth at the 2010 BMW Championship which moved him to the top 100 in the world.

In 2015, 7 years after going pro, he again played in the Race to Dubai this time coming in 25th, a marked improvement. And then the very next year he won the 2016 Masters Tournament shooting 5 under par.

All of this bring’s Danny Willett’s net worth to roughly $2 million dollars, with the majority of it coming from the Masters ($1.8 Million).

Danny Willett’s Home Life

While moving up the rankings, and increasing his income, Danny was also having a successful home life. He was born in 1987 in Sheffield, England. Golfing from a young age at the course down the road from him.

In 2013 he married Nicole Harris who gave him his first son Zachariah in 2016.

What’s interesting to note is that Danny almost missed the Masters that he ended up winning. His son was due the same day and he had every intention of missing that in order to see his son be born. However, they were able to schedule a c-section a few days before and both mother and son cheered him on from home as he went on to victory.

What We Learn From Danny Willett’s Net Worth

Danny Willett is a young man by many standards (only 29) but has amassed a net worth that rivals many in their 60’s. He was able to accomplish this through fame, and winning a huge prize. Does that mean that if we want to have the same as Danny Willett’s net worth early in life we need to find a way to make it quickly? No, there are many paths to wealth.

We can set up many different income streams, take care of our financial health, or we could get lucky with some new fad. What we learn from Danny Willett is to stay focused on what we want and need, and money will come.

While accomplishing so much he has also been able to start and keep a family, something not the norm today. For many of us we would love to have the family life he has, and money can help with that. However, it isn’t needed. Make sure you make the most money you can, save all you can, but take care of your family.

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How To Use Bitcoin In Your Everyday Life

How To Use Bitcoin In Your Everyday LifeUnless you have berried your head in the sand then you have heard of Bitcoin. And though there are some people who have made a lot of money with it, odd’s are you won’t.

Here at more than finances we have discussed buying things as large as houses with Bitcoin, and something as small as  a prescription drug (as well as how legal it is). But the question remains, how do you use bitcoin in your everyday life? Read More

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When Does Power Fit Into Leadership?

when does power fit into leadership
For some people, the concepts of power and leadership are one and the same.  While there is definitely some overlap between having power and being a leader, there are a number of differences. Skills and leadership competencies go a long way past just having power over your team or staff.

How You Use Power

The problem isn’t the power itself, but how you wield it with your people. If all you do is threaten staff whenever problems arise, reminding them that you are in charge of their personal fates, you will not get good work out of anyone. It’s impossible to respect someone who only uses their position to punish staff.

It’s the classic carrot or stick situation. Both can work, but the resulting attitudes will be very different depending on which option you chose. So instead of threatening to fire someone if a project doesn’t go well, offer a promotion if it succeeds. People will appreciate the use of power in this way rather than resent it.

Another one of the big problems with having power is the desire to have more. If your own personal ambition starts to influence your vision for the team, you won’t be making the best choices for anyone else but yourself. Your people will soon realize this and can be disillusioned about the directions their project is taking. Nobody wants to give their 110% when the only goal is to benefit someone else’s personal agenda.  

Leadership without Power

In some cases, you may be given a leadership role with a team of colleagues but not really have any power over them. Can it be done? Of course. As we’ve said, power itself is not how you get a team to follow you and to be productive. The next tip is about other leadership skills that are important besides having power.

Better Tactics that Power

The key to developing better leadership skills is to recognize that power itself isn’t a technique or a skill. It’s simply the nature of the position. Instead, focus on better ways to work with your team to motivate and encourage them. The skills that create better leaders include honesty, optimism, creativity, dedication, communication and a sense of humor. Just to name a few.

A good leader works with a team, and doesn’t only stand in the front to point directions. Use this wide mix of skills to stay involved with the process, and make it visible to everyone that you are working just as diligently as they are.

One last point is that you can really bring a team together if you hand out a little of your power to other people. Give certain responsibilities to others instead of holding it all to yourself. It builds trust and gives other a motivation to show you that they can handle the extra responsibility when given the chance.

So when does power fit into leadership? It’s always there but should never define how you operate as a leader.

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Financial Workout: How to Work Towards a Healthier Bank Balance

How to Work Towards a Healthier Bank Balance
While the road to financial competence can feel rife with obstacles like debt, tempting purchases and not enough money to cover the basics, let alone life’s simple pleasures, getting on track for the long haul is not completely out of reach. A rising bank balance will come, it’s just a matter of patience, perseverance and a few new habits. Here’s how you can get started:

Set Goals

In order to set change into motion, it’s a good idea to get a sense of what your financial goals are. Is it getting out of debt? Saving for a home or retirement, a vacation? Set long term goals to establish an end game, as well as the short-term goals that will help you reach the big prize. Revisit smaller goals like putting x amount in savings each month or getting caught up on past due bills on a monthly basis, adjusting if needed.

Don’t Buy What You Don’t Need

Sure, this one may be easier said than done, but it takes a little getting used to. Take inventory of the things you absolutely need to pay for—housing costs, food, household expenses, insurance, etc. —as well as the things you’re buying every month that perhaps you don’t need.

We’re not saying you have to get rid of all the things you enjoy, but don’t necessarily need, this can be more of a matter of making your coffee or tea at home rather than going to a shop each day or committing to cooking dinner more often, exercise at a less expensive gym, or ditch monthly subscriptions you don’t take full advantage of.

Pay Down Debt Before Throwing Dollars into Savings Accounts

While it may feel more rewarding to see your money accumulate, if you’re in debt, the money in your savings account doesn’t really belong to you. Paying down your debts will be better for your financial health in the long run, even if the effects aren’t felt immediately. Your credit score will improve and you’ll be eligible for more options as far as credit cards, car loans and the ability to rent an apartment or secure a mortgage—things that are just as valuable, in some cases more so, than a lump of cash in the bank. Consider getting debt consolidation help from a professional to get a plan in order.

If you’re still not sold, take solace in the fact that most savings accounts don’t accrue much interest anyway.

Make a Rainy Day Fund

Life throws us all sorts of curve balls in the form of unanticipated expenses. An out-of-nowhere job loss or an emergency room visit can wreak havoc on your finances if you’re not careful, as can being ill-prepared for a car accident or anything else. Relying on credit can be a great asset in a pinch, but the end result of using credit for big expenses can lead to mounting debt and lowered credit scores over time.

Photo: 401(K) 2012

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A Repair That Lasts: Getting Your Good Credit Score Back for Good

Getting Your Good Credit Score

Lots of people live with a damaged credit score but don’t really understand how they can restore it. Most people believe their credit score is largely reliant on making all their payments on time. Yet they don’t realize there are a number of other factors that could be dragging their score down.

Here are some tips for getting your good credit score back for good.

Check Your Credit Report

The information on your credit report is entered by your creditors and listed by various credit reporting agencies. However, it’s possible for some creditors to enter information incorrectly.

For example, a person with a similar name to yours may have missed several payments and the creditor may have submitted the information to be entered onto your report instead of theirs. Likewise, you may have caught up all your past due bills and your creditors may not have reported the information yet.

Before you start taking any steps to repair bad credit, take the time to check what’s listed on your credit report first. If you notice any mistakes, get them cleared up at once. You could also contact this credit repair company to see if they’re able to offer some further advice about fixing mistakes on your report.

Catch Up Past Due Payments

A whopping 35% of your credit score is based on your level of financial responsibility. If you’re consistently late with payments, chances are your credit score has been negatively affected.

Work on ways to catch up any past due payments you have outstanding. Then focus on being on time with future payments. Set up automatic direct debit payments for some smaller recurring bills, such as Netflix subscriptions or utility bills and always ensure you have sufficient funds sitting in your account each month to cover those expenses.

Reduce Outstanding Balances

Your credit utilization ratio can account for 30% of your credit score and takes into account the amount of credit you’ve used as compared to the amount available. For example, if you have a $5,000 credit card limit and you owe $4,900, you could find your score is affected because of your high credit utilization ratio.

Work on reducing your outstanding debt balances on any credit cards or other types of revolving credit. Not only will your interest charges reduce, saving you money each month, but your credit score will benefit at the same time.

Avoid Credit Repair Scams

When your credit score has been damaged, it can sometimes feel easier to ask for help from a credit repair company. While there are lots of legitimate companies around willing to help you fix bad credit, there are also some scams circulating.

Before you agree to anything, always take the time to check that you’re dealing with a reputable company. Check with the Federal Trade Commission that you’re not being sucked into a scam before signing any documents or paying any money.  

Restoring a good credit score can sometimes be a time-consuming process, However, once you start working on ways to fix a bad credit score, you should also notice it becomes much easier to regain control over your financial situation.

Photo: CafeCredit.com