Ricky Stenhouse Jr. Net Worth

Ricky Stenhouse Jr. is an American professional racing driver on the NASCAR circuit.  Born in Memphis, TN, Ricky was raised and grew up just south in Olive Branch, Mississippi.  Stenhouse began racing at the age of six, and has grown his passion into a full-time job.  At just 29 years old, Ricky has been able to acquire a significant amount of wealth for someone who will turn 30 later this year.  Ricky Stenhouse Jr. net worth currently sits at $20 million.

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Ricky Stenhouse Jr. net worth has grown rapidly over the past few years.  In 2017 alone, Stenhouse has already racked up two wins at some of the biggest tracks on the circuit.  Thus far through the year, he has won the 2017 GEICO 500 at Talladega Motor Speedway and the 2017 Coke Zero 400 at Daytona.  A member of Roush Fenway Racing, Ricky currently drives the number 17 Fastenal car for the team.  Although he has seen quite the success through the 2017 season, Stenhouse has racked up the awards for a while now.  In 2010, he won the NASCAR Nationwide Series Rookie of the Year award.  He followed that award up with the 2013 NASCAR Sprint Cup Series Rookie of the Year award.  In both 2011 and 2012, he was the NASCAR Nationwide Series champion.

The majority of Ricky Stenhouse Jr. net worth comes from his earnings on the race track.  With the solid finishes he has posted throughout the season, his earnings are estimated to be between $3 to $5 million a year for his on the track earnings.  In 2016, the top paid drivers earned anywhere between $10 to $20 million for the year between on track earnings and endorsements.  Before this season, Ricky wasn’t as well known as he is now.  His two wins at Talladega and Daytona have helped make him a household name.  His relationship with fellow NASCAR driver, Danica Patrick, doesn’t hurt as well from a publicity standpoint.  With his two wins thus far this season, Ricky’s on track earnings should be the highest of his career.  Couple that with the many endorsements that will come along, and his earnings for 2017 could exceed eight figures.  We can expect Ricky Stenhouse Jr. net worth to likely increase to about $25 million by this time next year.  It is also expected that his net worth will continue to increase with racing success.  Big names in racing such as Jeff Gordon and Dale Earnhardt Jr. have a net worth that easily exceeds $100 million.  Granted, both are ending or have ended their racing careers and have had many years to build such wealth.

Ricky is fairly young for a racer on the NASCAR circuit.  At just 29 years of age, he has many more years of competitive racing ahead of him.  Some say he definitely has the potential to be among racing’s elites and with that comes a much higher net worth for Ricky.

5 Tips for Running a Successful Business

As you start your business, you will definitely get a lot of advice about what you should and should not do. Most of the advice will come from people with no idea what it takes to run a successful company in today’s business environment. When you go the Internet, you’ll be flooded with, literally, thousands of articles and long lists focusing on the subject.

However, do not make the mistake of over-analyzing and over-thinking about how to take your company from one success level to the next. All you need is follow a few simple steps, and you are sure going to be headed down the path towards success. Here are five basic tips that have worked for many other successful companies.

Have a Detailed Plan

This is one of the first things you should definitely do. Devise a detailed business plan that fully explains how you will tackle the upcoming challenges. The plan should consist of possible opportunities, a clear mission, a description of your target, measurable goals and a set of deadlines for every milestone. Remember, while having a plan is great, you should also have one that is flexible enough to adapt to certain changes that may occur along the way.

Create Networks

Most successful businesses would not be where they are without having professional networks established when they started out. Of course, the process of creating networks is an ongoing process that never stops. Until you have established your business, you will need to depend on word-of-mouth; become your own brand ambassador and sell the benefits of working with your company whenever given a chance.

Start at your own momentum by attending trade shows, events and networking groups associated with professionals in your niche market. Such initial contacts may lead to future business prospects, strategic partners and mentors that can help grow your company.

Work with the Right People

The right strategic partners and mentors are not the only people you need to align yourself with. Surround yourself with a team that is great to work with. Building your staff with driven, talented and smart employees who share your vision will help steer you in the right direction.

Not only will such a great team transform how you do business, but they will also accelerate its growth. Hiring can-do, positive employees will help nurture a teamwork culture. A participatory environment occurs when everyone plays a critical role and collectively celebrates the company’s successes.

Always Stay Ahead

In today’s times, it is risky to stay rooted and only focus on what is happening on a day-to-day basis. It is critical that you keep focused on the future, predicting the possible changes in your industry and related service providers like insurance coverage through online resources like insurance.me can help. Without anticipating huge changes in the future, you are destined to lag behind.

Successful entrepreneurs are always looking at the trends and anticipating what is coming around the corner. This gives them an opportunity to put in place strategies to evolve and adapt to the changes.

Maintain a Healthy Balance Between Work and Life

Running a business requires a lot of time and energy. It is critical that you find a healthy work-life balance, but it can be challenging to do so. However, do not let work dominate your life.

The result of work overwhelming you is that you eventually lose touch with the people you consider the most important in life. It is also important that you take good care of your well-being and health. Your business cannot run without you. While you may believe that running a successful business requires perpetual hustle, that pace will eventually burn you out if you don’t take care of yourself.

Betting on Your Future: 5 Differences Between Whole and Term Life Insurance

In many ways comparing whole and term life insurance is like comparing apples and oranges. Although they both offer death benefits, everything else is different.

Term life insurance costs less initially and runs for a specific term, hence the name. The policy guarantees premiums only for the initial term and if you renew it, the premiums may change. The policy itself has no collateral value and you cannot use it as an asset to borrow money.

Whole life insurance tends to cost more initially, but the premiums are guaranteed to stay at that level for the life of the policy. The policy can be used as collateral to borrow money against.

The advantages of term life

Term life insurance is a great option when you cannot afford the protection offered by whole life or when you need coverage for a specific time period. Your initial premiums are less than whole life, but will increase at the end of the term whether it is 1-year, 5-years or whatever length the term runs for.

Term life insurance is perfect for families that are growing or to supplement existing insurance when cash resources are scarce. There is no cash value on term life insurance so it cannot be borrowed against, keeping its value full during the entirety of its course.

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Advantages of whole life insurance

As opposed to term life, whole life insurance provides death benefits. It also accumulates value while it is active. You are eligible for dividends on the value and you can borrow money against it.

The biggest advantage, however, is that once you have been approved for whole life insurance, it can never be cancelled as long as you pay your premiums. No matter what happens, you will have life insurance and your death benefits will be paid.

Comparing apples and oranges

It’s easier to look at the benefits in comparison to each other:

Term Whole

  • Death benefits Death benefits
  • Premiums guaranteed for initial term Premiums guaranteed for life of policy
  • Inexpensive initially, premiums may rise Higher initial price, premiums never increase
  • No value other than death benefits In addition to death benefits, offers loans against accrued value or surrenders
  • Conversion to whole life may be available No conversion necessary

When it comes to insurance, some is better than none, but having the wrong kind of insurance can make it difficult to use it the way you need it, not just the way it is set up.

The entire debate between whole life vs term life insurance can be summed up with this example:

  • If you had a term policy that you had maintained for 30 years, through multiple premium increases, it would still only be worth its face value if you died.
  • If you had a comparable whole life insurance policy, through the same number of years, your premiums would not have changed from day one and you would be able to borrow against the value of the policy or surrender some of the value to put cash in your pocket.

The increase in premiums through the term policy would have brought the total spending to a roughly equal state but the whole life policy would be worth far more because you can do more with it than just pay off the beneficiaries when you die.

With term life, you are betting against an insurance company that you will die before the policy expires, while with whole life, you are betting that you will live long enough for the policy to be worth more than its paper value.

Gordon Hayward’s Net Worth

Gordon Hayward is a professional basketball player in the National Basketball Association.  On July 4th of this year, Gordon agreed to sign a deal that would make him a Boston Celtic.  Prior to signing a contract with Boston, Gordon spent his first seven seasons of his NBA career with the Utah Jazz.  At 27 years of age, Gordon Hayward’s net worth sits at $20 million.

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Gordon Hayward

Born and raised in Indiana, Gordon played his high school basketball at Brownsburg High School and went on to play his college ball at Butler University in Indianapolis.  While in college, Hayward excelled in his freshman season.  He started all 32 games for the Bulldogs that year and averaged over 13 points per game and earned the award for the conference’s newcomer of the year.  He followed it up with a magical sophomore season where he averaged nearly 16 points per game and led his team to the championship game before losing to the Duke Blue Devils.  After his second season at Butler, Hayward decided to enter the NBA draft.  He was selected ninth overall by the Utah Jazz.  He just finished up his seventh season with the Jazz, and his most recent season was his most productive.  He averaged a career high for points per game at nearly 22 a contest.  His stellar performance during the 2016-2017 campaign earned him his first All-Star appearance.  His eight points and four steals in the all-star game helped the West division seal a victory over the East.

A very large percentage of Gordon Hayward’s net worth comes from his on the court earnings.  Back in 2014, Hayward and the Jazz agreed on a contract extension that was worth $63 million over four years.  This contract helped validate Hayward’s accomplishments.  However, the deal would be cut a year short as Hayward agreed to a contract with the Boston Celtics.  His contract with Boston will significantly increase Gordon Hayward’s net worth in the coming years.  He signed a four year, $128 million contract with Boston.  As it currently sits, Hayward will be the highest paid Celtic for the upcoming season and the third highest paid NBA player behind only Steph Curry and Lebron James.

Off the court, Hayward claims to be a huge fan of video games, and he has even played in the IGN Pro League.  In 2016, Hayward signed a deal with the video game company, HyperX.  Additionally, he has done a few local commercials for companies in the Utah area.

On a personal note, Hayward is married to his wife Robyn.  The couple has two kids together.  Hayward is a good tennis player and even won a club-level charity tennis tournament.  Hayward has also appeared in a commercial for St. Jude Children’s Research Hospital and is a participant in the organization’s “Fan for Life” campaign.

 

How a Business Broker Can Help You Find the Right Buyer

Whether you built your business from the ground up or purchased it from someone else, it’s easy to become heavily emotionally invested in it. This can color your perceptions of its value, and even lead to hurt feelings when a potential buyer isn’t as interested or willing to pay a premium as you think they should be. This undermines your ability to successfully negotiate a deal.

If you’ve asked yourself, “How can I sell my business in Spokane?” or in anywhere else in the U.S., the answer is to find a business broker who specializes in your niche, and your geographic region. Here’s what a business broker offers you.

Preparing for the Sale

Much of the work of a successful sale occurs well before you sign sale documents. Preparing your business to navigate due diligence, streamlining your operations, and other simple strategies can increase the value of your business, while making it more attractive to a potential buyer. A business broker can help you determine strategies that will make your business more attractive in advance of a sale.

Unbiased Assessments and Feedback

Don’t let emotions color your judgment. A business broker offers objective feedback that establishes realistic expectations. This objective feedback offers actionable insights that can help you choose the right buyer, competently negotiate price, and take steps to optimize the value and operations of your business.

Accessing Buyers

Business brokers know buyers. They know who is in the market, and who might be if the price and business are right. Most business owners don’t know how to find buyers, or they worry that searching for a buyer will scare off employees and lower the value of their business. Don’t rely on word of mouth or cold calling former partners. Work with a broker who can connect you not only to a group of buyers, but to the right buyer for your business. 

Protecting Your Business

If people get wind of your plans to sell, there can be far-reaching reverberations. Management and staff may jump ship. Lenders may be scared off. Key employees may attempt to leverage the news into a share of the sales proceeds.

A skilled business broker can widen the search for the right buyer while doggedly protecting your business’s confidentiality. This is something business owners are rarely able to accomplish on their own. It’s also a strategy that saves time and money, while shortening the path to a successful sale. 

Negotiating the Transaction

You need to run your business, not waste your time haggling over price or stressing about the impact of the sale on your operations. A business broker helps you seamlessly navigate the transaction, including negotiating key details. This lends a professional sheen to the transaction process, and can make your business more attractive to experienced buyers, who may not want to deal with a harried business owner. 

Saving Time and Money

Your time is the most valuable asset you have. It’s the only thing you can’t get back. Consider how much time you might spend negotiating a sale. Now think about how you bill your time. That gives you insight into how much your wasted time is worth. Consider also that when you spend time on the transaction, you take time away from vital operations. This can send your business into disarray, and potentially even lower the value of your business. A broker saves you time, money, and stress by taking care of the day-to-day management of the sale for you. That frees you to run your business—or maybe even take a day or two off.

Joey Graceffa Net Worth

Joey Graceffa is a YouTube sensation who has made a name for himself through his two YouTube channels.  At just 26 years old, Joey has more than a billion views on his YouTube channels.  His main channel has nearly 8 million subscribers.  Joey Graceffa’s net worth comes from a number of sources, but it is mainly supported by his social media accounts.

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JOEY GRACEFFA NET WORTH: $4 MILLION

Joey’s net worth of a staggering $4 million dollars is supported mostly through partnerships and ad revenue from his YouTube channel.  Additionally, he is also a published author and his books can be purchased from Amazon.  Graceffa has appeared on the show, The Amazing Race, twice.  He first appeared in season 22 and then returned to compete in The Amazing Race: All-Stars.  In his main YouTube channel, Joey can be seen doing various videos covering his life, different products and his adventures.  He also has a second YouTube channel where he focuses on Minecraft.  Currently, his second YouTube channel has over 2 million subscribers.

Joey was born in 1991 in Massachusetts.  He has two siblings and documents the alcoholism his mother faced in his book In Real Life: My Journey to a Pixelated World.  He graduated in 2009 from Marlborough High School and enrolled in Fitchburg State College where he decided to major in film.  Despite growing up on the east coast, Graceffa currently lives in Los Angeles, California.

We can expect that Joey Graceffa’s net worth will continue to increase over time.  Social media influencers have become increasingly popular over the past few years through various channels such as YouTube, Vine, and Instagram to name a few.  Joey can be seen on his Instagram account promoting a variety of products.  An article written about Graceffa nearly two years ago estimates that the star earns nearly $400,000 a year from all of his income sources.  Due to the increase in traffic on his YouTube channels along with an increase of social media followers, we can expect his earnings to be nearing a million dollars a year in the very near future.

Because of the work nature of social media influencers, Joey is his own boss.  Although he claims to be a tireless worker, Graceffa has the ability to make his own hours.  He is consistently making various connections to continue the expansion of his brand.  In many of his YouTube videos along with his Instagram posts he can be seen interacting with other social media personalities.  These connections have become very important to helping social media stars continue to grow their followers and visibility.  Based on his number of Instagram followers, Graceffa most likely makes thousands and tens of thousands of dollars per sponsored post.  Advertisers are flocking to individuals like Graceffa with advertising dollars because they feel their audience can be more targeted.