More Than Finances

All about cryptocurrency, all the time.


Can I Live Off The Interest On A Million Dollars

Can I Live Off The Interest On A Million DollarsPayday is a week away, but you have expenses today. Yet again you’re going to have to make a payment or two late, but you start thinking what you would do with a million dollars. If you won the lottery or whatever and got that money what would you do?

Ways To Invest A Million Dollars

Some say they would buy cars, houses, or go on a huge vacation. But if you wanted to continue to live off that million you’re going to need to invest it.

Savings Account

Considered the “safest” of ways to invest. You simply put money in and gain a little interest every month. Most savings accounts, however, have a small interest rate usually less than 2 percent.

Meaning that on a million dollars you’ll only get around $20,000 a year. Not really enough to live off of, but it would make it so you could work less at your full-time job, maybe even work part time.

Stock Market

This is where the big boys (and girls) play. Instead of just putting money in a savings account, the stock market provides a lot more growth.

The average return for the stock market is about 7% meaning your money will grow by $70,000 a year. If you invest in dividend stocks you’ll receive around 4% or $40,000 without ever selling your stocks. In essence, you’ll be paid $40,000 and your money will be worth $70,000 more so your annual “pay” would be $110,000.

Real Estate

There are many types of real estate investing, but for simplicity, we will focus on just two.

First, we have house flipping. Essentially you buy a house that’s in a good neighbourhood but is run down and as such is selling for cheap. You then either fix it up yourself or hire someone to do it. After the property is up to par with the neighbourhood you now sell it for more than you paid for everything and pocket the profits.

For some, this is their full-time job (just watch HGTV) and you can make a lot of money doing it. But it can also be very stressful.

The second way to make money through real estate is to buy a property and rent it out. This seems straight forward, but buying something and making sure that there is always someone living there to pay the rent can be stressful.

What’s Best For You?

No one but you can know what will work best for you. The no stress way to invest is the savings account, but you’ll also not make much. Dividend investing is great but brings its own stress, and you’ll have to watch your investment go up and down with the market. Real estate involves a lot of money up front before you see anything in return.

Can I Live Off The Interest On A Million Dollars

Yes, you can live off the interest on a million dollars. You may have to cut back on some things if your income is about the national average, but it can be done.


Can You Really Make Money Selling Amazon FBA?

Can You Really Make Money Selling Amazon FBA-Making extra money, or replacing your income is something many people want to do. A quick google search will give you thousands and thousands of possibilities. The next question though is do these different things ACTUALLY make money?

When it comes to Amazon FBA (fulfilled by Amazon) the answer is yes and no.

How Does Amazon FBA Work

A large portion of what sells on Amazon is not actually sold by Amazon. A lot of it is sold by regular people like you and me. One of the best ways to do that is with a service called FBA, where Amazon actually does most of the work for you.

Now, they obviously don’t do this out of the goodness of their heart, so the fees are higher if you sell this way. However, the stress is far less as you don’t have to ship each individual item, and your house doesn’t become a warehouse full of stuff.

Why Wouldn’t I Make Money?

The concept of selling on Amazon is that you find products selling for less somewhere, and then you sell them on Amazon for a profit. In a perfect world it would be that simple, but there is a lot to consider.

For instance, if you buy and item for $10 and it’s selling for $12 you don’t make $2, in fact you’ll lose money in this situation.

First, you’ll have to pay to ship the item to Amazon. If you send a large shipment the cost on this one item will be small but still a cost. Then you have the fees that Amazon takes to be the middle man. Depending on the size and weight of the item you will see a few of $6 to $10 on a $12 item. So if you paid $10, sell for $12, and Amazon takes $6 you get back $6 or $4 less than you paid.

Another problem that will happen is that prices drop after you decide to buy something. When you first pick something to sell the price may be good, maybe even really good. Something you spend $20 is selling for $90 and even after fees you’ll make $50 profit. However, by the time the item arrives and sells the price has dropped from $90 to $20 meaning you’re now selling at cost and will lose money after fees.

These things don’t always happen but can be a reason you don’t make money, or even lose money with an Amazon FBA business.

How Quickly Will I Make Money

If you run the business correctly however and work at it for a few months you will start to see a profit every month. It will be up to you on how long you want to reinvest the profit before you start taking some pay from this business, I would recommend not doing so for at least 6 months though.

However, if you just want to try it out first and see how it works, don’t expect to see profit for a month. First, you have to purchase the inventory, then ship to Amazon, then wait for it to sell, and after all that you have to wait for the sale to finalize.

From the day you buy the inventory to the day you see your money come back will take a month, be prepared for that when starting an Amazon FBA business.


India Westbrooks Net Worth

India Westbrooks Net WorthWouldn’t it be nice to have a camera crew follow you around everywhere? You can post all the amazing and fun things you do, and then make millions because of all the fans.

Honestly, no one’s life is that interesting, but there are so many reality stars who are making that kind of money doing just that. India Westbrook, or India Love, is such a girl.

Who Is India Westbrooks?

India Westbrook is a 21-year-old reality and social media star. She posts pictures of herself online for her more than 2 million followers.

She is also the most famous of the sisters from the show The Westbrooks. All of the girls have some sort of business but, India is by far the most successful.

What Is India Westbrooks Net Worth?

India Westbrooks net worth is a nice $1.3 million dollars.

Most would say that she got there by being young and attractive and posting pictures of herself in bikinis and such. They wouldn’t be far off, although she has to work at many things.

First, her health is important. Though age is on her side and that helps to have a slim body, she still has to spend hours working out. No matter who you are you don’t maintain a slim figure without eating right and exercising, that just doesn’t make good television.

Second, she had to get good at taking pictures. Yes, selfies are not as easy as you think. She has to be able to take a picture that will not only make people want to look but then want them to buy something, as she gets money from advertising in the pictures she takes. The clothes she wears, the shoes, accessories, anything can be a sponsor of hers paying her for advertising.

What We Learn

Hard work is hard work. Have you ever tried to stay in perfect shape 100 percent of the time? It takes hard work, and dedication. The original Hulk (Lou Ferrigno) once said that to stay in shape for that show he had to work all day shooting and then go to the gym every night for hours. It was hard work to be at 100 percent 100 percent of the time.

Maybe we don’t need the perfect body to succeed, but do you need to better yourself in some way? Can you spend more time reading about your field? More conferences, more online training, more reading of books, etc. Make sure that whatever it is you’re working on you are at 100 percent.

You’re never too young to make money. India started from a young age to try to grow a following, and she wasn’t successful right away. Eventually, she started getting followers, then more, all because she didn’t give up. She didn’t think she was too young to become rich and famous.

Some are in their early 20’s and think they don’t have anything to offer. Even late 20’s people feel they can’t possibly make it till they are in their 30’s at least. The truth is at any age you can succeed, you just have to put the work in whether your 16 or 106.


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Chesley Sullenberger’s Net Worth – Fame Doesn’t Bring Fortune

Chesley Sullenberger's Net Worth (1)If a movie is made about you, and Tom Hanks plays you, then you would imagine that you too have some money.The thing is that’s not always the case. Chesley Sullenberger, or Sully, has received a lot of notice, and his net worth is high. But his net worth isn’t even close to Tom Hanks average cost per movie. So what is Chesley Sullenberger’s net worth and what can we learn from it? Read More


How To Eat Your Way To A Million – Matt Stonie’s Net Worth

Matt Stonie's Net WorthHave you ever ate so much that you felt like you were going to explode? Wish you could get paid to do that? Matt Stonie (or Megatoad) does just that.

Matt Stonie’s Life

Born May 5th, 1992 in Los Angeles he had a pretty normal life. He graduated from Evergreen Valley High School and is currently attending Mission College majoring in nutrition.

Though he has a large YouTube following (nearly 3 million) his claim to fame came in 2015 when won the Nathans hot dog eating competition making him the number one competitive eater in the world

Matt Stonie’s Net Worth And Career

Reports of Matt Stonie’s net worth range from $400,000 to $1 Million. The most common however is $500,000, I feel it’s safe to say he is on his way to a million.

Though he rose to fame in 2015 he started long before that. His first contest was in 2010 in New Hampshire. He was in college and needed the money, saw that there was a $1,000 prize for the winner and took a gamble. He at 24 lobster rolls winning by just a half a roll.

In 2011 he participated in his first professional competition the Stockton deep fried asparagus championship.

Matt Stonie currently holds 20 world records related to eating such as a 5.5 pound birthday cake, or the 113 pancakes both in under 10 minutes.

He has also worked at and grew his YouTube following from less than a million in 2015 to nearly 3 million just 2 years later. On his channel he eats, and eats, and shows more weird places where he eats.

Lessons Learned

Matt Stonie didn’t know he was good at eating large quantities of food in a short time. He stumbled upon it in hopes of making a quick buck. Yet, when he discovered that skill he doubled down on it and got better until he was the best in the world.

We may not know exactly what we are good at. Or we may not like what we are good at but, if it makes us money than we need to do it at least for a while. Sometimes years will pass by and we are still doing what we are good at because it pays the bills.

Matt Stonie had a YouTube channel before rising to fame, but he has exploded since then. He monetizes that channel with ads allowing him to have alternative income streams.

We probably won’t have millions of followers on YouTube, but can we start a side hustle? Can we drive for lyft or uber? Can we have a garage sale? We need to diversify our income if we are ever going to succeed.

Matt Stonie eats a ton of unhealthy food but he is in great shape. Not only that but he is going to school to be a dietitian. Seems like a conflict but as Matt said “Doing such an extreme thing to my body has forced me to take better care of it the other 90% of the time”.

What we do for work isn’t who we are. We may be a writer, garbage man, or a professional eater. But, that doesn’t mean that’s who we are or who we always will be. We can go back to school, learn a trade, start a business it’s up to us to make changes.