Kyle Schwarber’s Net Worth

If you are a Chicago Cubs fan, and even if you are not, then you know that last season the Cubs broke a 108-year curse to become World Series Champs. It took the Cubs 7 games to knock off the Cleveland Indians, and the final game came down to extra innings. One of the biggest players in game 7 for the Cubs was their DH, Kyle Schwarber. Kyle went 3 for 5 in the game, but more importantly hit .412 during the postseason for the Cubs.

So, since Schwarber is so famous, you may be wondering, what is Kyle Schwarber’s net worth?

Answer: At least $1.2 million.

At 24 years of Age, Schwarber is one of the youngest players on the team’s roster. He was drafted in 2014 as the #4 overall pick out of Indiana University. At the current moment, Kyle Schwarber’s net worth sits at $1.2 million. Although this might see very low for a baseball player from a championship team, he is bound to increase it dramatically in the near future.

Kyle Schwarber’s Net Worth

In 2014 when Kyle was drafted, he received a signing bonus that was worth $3.125 million. As is the case with most baseball draftees, this high signing bonus is all the money many of them see for quite a while as they are forced to work their way through the minors. Kyle came onto the scenes for the Cubs during the 2015 season. That year he made just over $230k in salary while batting .246 with 16 home runs and 43 RBI’s. The following year, 2016, Kyle was finally a fully active member of the Cubs roster; however, injuries plagued him throughout the year until he was able to return during the postseason. Despite his injury, he still made over half a million dollars during the season. This current season Schwarber is scheduled to make a salary of $565k.

The majority of Kyle Schwarber’s net worth is made up through his current baseball earnings and mostly of his signing bonus from 2014. After this baseball season, Kyle will be able to demand a hefty salary considering his play doesn’t falter. He is a regular starter for the Cubs this season out in left field. He has yet to make any errors thus far, but his hitting isn’t as great as it had been. At the time of this writing, Kyle is hitting less than .200, but he has belted 5 home runs. If he is able to improve his hitting and also lessen his strikeouts, he should have no issue inking a big contract next year.

On a personal note, Kyle is one of four kids. He has three sisters and a father who is a retired police chief. He was born on March 5, 1993 in Middletown, Ohio. He spent his years growing up in Middletown and attended Middletown High School where he played baseball. He then went on to the University of Indiana and was selected by the Cubs in 2014.

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FIRECalc Review

20 years ago, if you were interested in planning your retirement you had to sit down with a financial professional. Back in the 90’s and early 2000’s, meeting with someone with such financial experience was commonplace and expected. Fast forward to today and now people planning for retirement have a plethora of options to choose from. You can sit at your desk and pick stocks, you can set up an online investment profile, you can open a retirement account in as little as five minutes! With the ease of picking a retirement plan simplified, you can also simplify the math through several apps and online calculators. This FIRECalc review will show you that you, the investor, now have access to almost all of the tools that were once reserved for professional money managers.

What is FIRECalc?

FIRECalc is a new type of retirement calculator that factors in historical volatility into one’s retirement projection. Many used to think of retirement projections as the following: I have a $1,000,000 portfolio which I draw 4% from on an annualized basis, therefore I have $40,000 I am withdrawing. Unfortunately, retirement projections like this don’t always pan out. Think of the most recent financial disaster where many portfolios were slashed in half. What FIRECalc does is allow you to see all of the possible outcomes of your portfolio, whether it’s a market rally or another collapse.

The Benefits of FIRECalc:

FIRECalc can let you see a projected path of possibilities for retirement. The picture below uses the following example: Bob has a portfolio balance of $1,000,000. He needs to withdraw $50,000 a year for 30 years in retirement. The lines below indicate the vast array of possibilities that his money will last through all 30 years. With the red line signifying “Zero” you can see that the majority of lines end above. This means that based on historical factors, Bob more than likely will have enough funds to cover his spending requirement in his retired years.

What Else Can FIRECalc Do?

The premise that FIRECalc was built on was in dealing with historical market averages. FIRECalc uses this basis and expands it to many other calculator offerings. Around a third of all Americans rely on social security as their main source of income in retirement. Will your social security payments be enough for your retirement? FIRECalc will let you know what your chances of success are. Other calculators they have include ones for people who are looking to set up a future retirement, various spending models, along with a portfolio allocation model.

Conclusion:

I hope this FIRECalc review shows you the many benefits the site can offer. While it is not entirely user friendly (it looks very simple and plain), it does provide you with something all other retirement calculators lack. Most retirement calculators assume a specific return every year during the duration of your investment horizon. FIRECalc is different in that it presents you all of the possibilities. Markets can go up by 20% in a year, and they can also go down over 30%. There are many fluctuations to take into account and that is exactly what FIRECalc does.

Marc Gasol Net Worth

Marc Gasol Net Worth
Marc Gasol

Marc Gasol is a professional basketball player for the Memphis Grizzlies.  Gasol, 32, hails from Barcelona, Spain and is the younger brother of fellow NBA player Pau Gasol.  Marc moved to the United States during his teenage years while his brother played for the Memphis Grizzlies.  He was selected #48 overall in the 2007 NBA draft by the Los Angeles Lakers and was traded in a deal that included his brother Pau that sent him to Memphis where he has spent the entirety of his NBA career.  Marc is finishing up his 9th full season in the NBA where he has proven himself as a legitimate force and an All Star caliber player.  In the summer of 2015, Gasol signed a big contract that has paved the way to his high net worth.

Marc Gasol’s net worth currently sits at $40 million.  In July of 2015, Gasol signed an extension with the Memphis Grizzlies that was worth $113 million for five years.  After the conclusion of this season, Marc would have completed two out of the five years on his contract.  His career began with his initial contract with the Grizzlies that was three years for just shy of $10 million.  After averaging double-digit points per game in all of his first three seasons, he was awarded a contract extension for four years worth $57.5 million.  To date, Marc Gasol’s on the court earnings in the NBA have totaled more than $100 million.  These earnings along with a few endorsements have helped create Marc Gasol’s net worth.  Back in 2015, when Memphis signed Gasol to his extension paying him more than $22 million a year on average, many thought the price was quite steep.  However, Gasol has used his big pay day as motivation.  Gasol was named an All Star for the 2017 season and has also posted a career high 19.5 points per game during the 2017 campaign.  The remaining three years on his contract will pay him more than $72 million, all of which is guaranteed.

When he is not playing in the NBA, Marc is busy helping his home country of Spain win basketball games.  He has played with the Spanish national team for many years.  Additionally, he was a part of Spain’s 2008 and 2012 silver medals in Beijing and London.

Even with Marc Gasol’s net worth well into the tens of millions, he still finds time to give back to the community.  Both he and his brother Pau founded the Gasol Foundation in 2013.  The mission of the foundation is to help end childhood obesity.  The non-profit currently serves many locations in the brothers home country of Spain along with the United States.  Marc Gasol is married to his wife Cristina and between them they have a daughter.  They spend most of their time in Memphis where the family has a house.

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Can I Use Venmo to Split Bills?

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Venmo Review

The ever popular company PayPal was founded back in 1998.  The company has been the go to payment platform for years among individuals who want to share money via the internet.  The popularity of checks has been dwindling in the United States for years now.  So what is the best way to pay someone without a check or PayPal?  It’s Venmo.  Can I use Venmo to split bills?  The simple answer is… Yes!

What is Venmo?

Venmo is an app you can download for your smartphone.  The company calls the app a free digital wallet that allows you to create and share payments with your friends.  The company was founded back in 2009, but it has only recently become the preferred payment method among millennials.  Despite the growing popularity of the app, it is currently only available with valid United States bank accounts and phone numbers.

How do I use Venmo?

  1. Download the Venmo app to your phone the app is available for iOS and Android.
  2. Open the app and create your account.
  3. Verify your phone number and email address.
  4. Add and verify your bank account along with any debit or credit cards you would like to add to the account.
  5. Begin sending payments.

Is Venmo Free?

Yes and No.  The Venmo app is a free download.  When you set up your Venmo account, you will be asked to link either a bank account or a credit card to your account.  Linking a bank account has the same effect as a direct deposit or a direct withdrawal and is free.  The fees come into play when you decide to link a credit card to your account.  Venmo charges a standard 3% fee when sending money via a credit card, but does waive the fee for Authorized Merchant Payments, Venmo balance, bank accounts and debit cards.

Why use Venmo?

Say you and a group of friends went out for a nice dinner.  Perhaps the restaurant doesn’t split the checks or it is just easier if one member of the party picks up the bill.  Venmo allows your friend to charge you for your portion of the dinner or allows you to pay your friend for your meal.  Venmo can be used to split bills.  No cash has to exchange hands.  Venmo also allows the user to create a social connection through the app.  When you pay or charge a friend, you can add words along with emojis to the title line.  You can choose to have your charges and payments to a friend public (everyone can see), private (only you and the friend making the payment can see), or friends (only your friends and that persons friends can see).

Venmo Review Conclusion:

Venmo is rapidly growing in popularity and has been for some time.  Users like the ease and accessibility of the app along with the fact that it is mostly free.  PayPal bought Venmo back in 2016 and is working on expanding the app along with the services offered.  Venmo allows users to not only quickly and easily split bills with friends, but it also helps create a social experience along the way.

How To File a Tax Extension

Tomorrow is the official Tax Day of the United States of America.  It is the last day to file your taxes, unless you have requested an extension.  Why would someone need to file an extension?  Perhaps they have not had time to do their taxes or get with a professional.  Maybe they have a complicated tax situation and need more time to get everything together to do a proper filing.  Procrastination is also a big reason for many needing an extension.  Whatever the reason, there is a proper way to file that tax extension.  Approximately 8% of all tax filers file an extension in a given year.  This amount is roughly 14 million Americans. Image result for tax day

What does filing a tax extension get you? By filing a tax extension, you receive an additional 6 months to file your taxes, meaning your new tax deadline would be October 18, 2017.  Filing an extension ultimately equates to more time for one to get his or her taxes in order.

How to file a tax extension:

Online: You can file a tax extension online by either accessing the IRS e-file from a computer or through a tax professional or tax software that uses the e-file program.  You will complete an online version of form 4868 which is the Application for Automatic Extension of Time To File U.S. Individual Income Tax Return.  The form can be found HERE.  Filing your extension using the IRS e-file software is safe and secure.  Once you have completed the filing you will receive an electronic confirmation.  You will also be required to estimate your tax liability when you fill out the form.  The form will also allow you to pay a portion of your tax amount if you choose to do so.  Payments can be made online via a direct transfer from your bank, a check or money order.

Paper Form: In addition to filing your extension online, you also have the option to fill out a paper version of form 4868 and mail it in to the IRS.  Paper forms must be mailed to specified mailing addresses depending on which state you are filing from.  When you file your paper form, you also have the option to add a payment if you would like.

Filing an extension would never be ideal in most scenarios.  After all, the majority of Americans do pay too much in taxes throughout the year and most end up receiving a refund.  In 2016, according to the IRS the average refund issued was just over $3,000.  The earlier you file your taxes the earlier you can receive your refund if you are entitled to one.  Maybe you wait to the very last day to file your taxes.  If so, once you get them filed go celebrate and take advantage of the following Tax Day freebies that some stores are offering.

Danny Willett’s Net Worth

Danny Willet's Net Worth

The 2017 Masters golf tournament has now come to a close, but we will take a ride back to Augusta with the 2016 winner, Danny Willett.  Willett is a professional golfer who hails from England.  He turned professional back in 2008 at the age of twenty after finishing his college golf career at Jacksonville State University.  While he has been a big name on the European Tour for many years now, he was unrecognizable to many Americans until his 2016 Masters victory.

At 29 years old, Willett has had quite a successful professional golf career thus far.  Danny Willett’s net worth has increased throughout his playing career.  He holds a total of five professional wins, four of which occurred on the European Tour along with last year’s Masters.  His breakthrough came back in 2012 when he won the BMW International Open in a playoff against Marcus Fraser.  That victory netted Willett over €300,000 or approximately $350,000.  Of his remaining victories, two came in the 2015 golf season and then another 2 last year, in 2016.  His Masters victory of 2016 was by far his most lucrative.  He received $1.8 million for his Augusta victory along with a green jacket, an ever living symbol of the tournament.

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Danny Willett Masters Champion

How Much Is Danny Willet’s Net Worth?

When you examine Willet’s lifetime earnings, his net worth is at least $15.7 million.

Willett is currently in his 10th season on the European tour, while just having played on the PGA Tour for eight seasons.  The official prize money he has been awarded on the European Tour during his ten seasons totals €12,267,975 which converts to approximately $13 million.  If you add his PGA Tour totals to that amount, $2,713,938, he has a total career earnings of $15.7 million during his professional golf career.  Like many professional athletes, on the field/court/course earnings play only a small part into an individual’s net worth and the same could be said for the net worth of Danny Willett.  After his 2016 Masters victory, sponsors came knocking at his door.  In fact, he gained nearly 50k Twitter followers as a result of his win in Augusta.  We estimate Danny Willett’s net worth to currently sit at €7.5 million which converted equals $8 million.  As he further progresses in his career, we expect his net worth to continue to rise.  This will be fueled mostly by future career earnings on the PGA and European Tours along with further involvement in a variety of sponsorships that most golfers are able to carry.  Although he wasn’t able to capture the green jacket in 2017, if he can win in 2018 or in the future he will join an exclusive club of players with multiple green jackets.  There are currently only 17 players in that exclusive club, but a win next year will make him number 18.

What Golf Clubs does Danny Willett use?

Answer: the expensive kind.

Willet uses a number of super high end clubs to work his magic. For example, in his 2016 win at the Augusta Masters, he is rumored to have used the following.   I’ve provided their full retail value below as well.  You can see, Willet uses high end stuff.

Callaway XR 16 Driver 9° Retail value: $269.98
XR Fairway Wood 15°. Retail value: $198.99
XR Fairway Wood 19°. Retail value: $199.99
Apex Utility 2-iron. Retail value: $229.99
Apex Utility 4-iron. Retail value: $229.99
Apex Pro Irons 5-9. Retail value: $749.95
Mack Daddy 2 Wedges. Retail value: $79.99
Mack Daddy 2 Tour Grind Wedges. Retail value: $129.99
Odyssey Versa #1 Wide Putter. Retail value: $199.99
Chrome Soft golf balls. Retail value: $37.99

Willett currently resides in Rotherham, Yorkshire with his wife and son.  His son was born just before his 2016 Masters victory.  He currently ranks 17th in the Official World Golf Ranking.

Retailers That Accept Bitcoin

Retailers That Accept Bitcoin
Retailers That Accept Bitcoin

A couple years ago I found a $20 bill in the parking lot outside a movie theater.  Nobody was around so I decided to keep the money.  “Finders Keepers” they say.  Cash has become incredibly more difficult to keep up with in the present day of credit and debit cards.  Fact is credit and debit card transactions have increased dramatically over the past five years.  In fact, you can now store your cards on your phone.  You don’t ever have to reach into your wallet to pull it out in some cities.  With these recent technological advances in payment methods, we have bitcoin.

Bitcoin has become widely more popular in recent years due to mainstream coverage and wider acceptance of the currency.  A few years ago, there weren’t any retailers that accepted bitcoin; however, it has become much more mainstream and today there are many retailers that accept bitcoin.  Bitcoin hasn’t come without it’s challenges though.  There have been many hurdles the currency had to overcome.  A lack of ability to regulate payments and their origins has scared off many governments to making bitcoin part of their monetary policy.  In fact, the Securities and Exchange Commission (SEC) rejected Cameron and Tyler Winklevoss’ bitcoin ETF they were trying to introduce.

Despite the hurdles that still exist for bitcoin in the future, it has come a long way in development over the past few years and leading the charge is retailers that accept bitcoin.  Many bitcoin believers think that wider use and acceptance of bitcoin will lead to a great future for the block-chain currency.

Biggest Retailers that accept bitcoin:

Overstock.com– Online retailer with deals on everything for your home and your family

DISH Network– American direct-broadcast satellite service provider

Expedia– Online travel retailer

WordPress.com– Website creation tool

1-800-Flowers– Floral gift retailer

Zynga– Mobile gaming company

The company that sticks out to me is Overstock.com because they were the first major retailer that began accepting bitcoin payments on their site.  In fact, back in 2014 when they began accepting the currency sales were averaging around $15,000 a day on bitcoin transactions alone for the site.  Paying for bitcoins is also very simple at retailers.  As simple as adding a credit card to your payment information in fact.

Retailers that Accept Bitcoin

Overstock.com has now been accepting bitcoins on their site for almost three years.  They have repeatedly explained the benefits they see to accepting bitcoin and have advocated that other retailers accept bitcoin.  Some retailers are still hesitant to accept it due to the volatility that can exist.  Although the volatility has stabilized in recent months, the SEC rejection of a bitcoin ETF showed the currency still wasn’t mature enough to prevent drastic volatility as it dropped 18% upon the news.

For a comprehensive link of retailers that accept bitcoin: Click Here

Do you have bitcoins?  What places would you like to see start accepting bitcoin payments?

Financial Spring Cleaning

Spring is finally here, regardless of whether it feels like it outside or not.  Around this time of year, many see it as their obligation to go through their homes and rid themselves of unnecessary items that clutter the place up.  The idea that a clean and happy dwelling is a rebirth and a new start.  Why not take this same approach to your finances?

At the start of every calendar year, I always suggest creating a new budget for the upcoming year.  Mapping out your income and expenses presents saving opportunities and fiscal responsibility.  We are now almost three months into the new year and expenses sometimes change.  That is why I always do a financial spring cleaning.  Below are my favorite three ways to do a financial spring cleaning

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Financial Spring Cleaning

Financial Spring Cleaning Tip 1:  This first tip is directly related to a normal spring cleaning of the house people already do.  Go through your closet and determine which clothes you don’t need anymore.  Maybe you have shoes you don’t wear, pants you’ve outgrown, DVD’s you no longer watch because of a Netflix subscription.  Gather up these items and donate them to a local shelter like The Salvation Army.  Not only will you eliminate these useless items from your place, but you will be giving to those who could benefit from such items.  The best part about all of this is most of the times you can receive a tax deduction for your donations.  This can lead to a higher income tax return for the 2017 year.

Financial Spring Cleaning Tip 2:  Clean out unnecessary clutter in your budget.  For example, maybe at the beginning of the year you signed up for a gym membership you no longer use.  Cancel it.  Go through the various categories in your budget and see if they are relevant to the remainder of the year going forward.  Perhaps you dedicated a portion of your budget to pay off debt, but now you no longer have that debt.  Eliminate that category.  Eliminating categories in your budget makes it simpler and much easier to read and track.

Financial Spring Cleaning Tip 3:  Review the dollar allocations in your budget.  Say at the beginning of the year you were eating out lunch every day, but now you realize the many health benefits and cost savings of bringing your lunch to work.  See if you can slash $30-$50 a month off your food budget.  Shop around for car insurance.  Perhaps you find the same coverage with a different company for $15 less a month.  Eliminating a little bit of money from a few categories adds up and helps boost your savings potential.

Financial spring cleaning allows you to revamp your finances for the remainder of the year.  Even if you haven’t done a good job of sticking to your budget, it is never too late.  A financial spring cleaning can allow you to set up your financial priorities for the remainder of the year and gives you a clear financial conscious heading into the spring and summer months.

Diworsification: How Much Diversification is too Much or Little?

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Diworsification

When I was picking stocks, I saw my portfolio lose 15% of its value in one day.  Simply put, I had too many of my eggs in one basket or too many of my investment dollars in one stock.  I wasn’t diversified.  Sure, I could hit it big with a stock, but I could also lose.  I saw the amount of time I was spending on picking stocks and knew it could be put to better use if I let the professionals handle my money.

My portfolio was under diversified, but many people also suffer from too much diversification of their portfolio or diworsification.  Diworsification occurs when you continually invest in the same asset class and keep your risk low but hurt your overall return potential.  It would be the equivalent of investing in many different mutual funds that only contained U.S. stocks.  If you want exposure to the U.S. domestic stock market that is great, I highly recommend it, but pick a fund that gives you just that and move on.

My investment strategy has come a long way from my earlier days when I was picking and choosing stocks.  I thought just like many that I could pick homerun stocks that nobody else could.  I did well on some and poorly on others.  I would come home every day from work and watch Jim Cramer’s show Mad Money.  I soon realized that the effort I was putting in wasn’t yielding the rewards I desired.  I quickly shifted all my investments to a mutual fund.  Being young, I knew I wanted a large exposure to stocks.  What better stocks to invest in than the U.S. Stock Market?  Warren Buffett has been noted to say that when he passes he wants the remainder of his fortune put into a low-cost index fund that mirrors the S&P 500.  That’s right, just one fund.  If he wanted his fortune to be spread across many funds that mirrored the S&P 500 he would be subject to diworsification.  I decided to follow Warren’s advice.

While my investment dollars are placed into a single low-cost Index fund that mirrors the U.S. Stock Market, not everyone will agree with this position, and that is fine.  Investment advice can be given to you from a hired professional or you can decide on your own.  My knowledge came about through the reading of numerous books.  If you want to invest in South America, there are funds for that.  If you want exposure to corporate bonds, there are funds for that.  If you think that the pharmaceutical sector is the next big thing, then by all means find a fund that suits you for that investment.  There are many ways you can invest your hard-earned money, but try and keep to the One and Done Philosophy when investing in mutual funds to prevent diworsification: Pick one mutual fund that covers the class or sector you are wanting exposure to and leave it at that.  Not only does it simplify your portfolio, but it keeps you diversified and away from diworsification.

Blue Apron Free Trial: Review

Let’s be honest, many of us lack the time or the money to cook unique, cost-efficient meals today.  Whether you are a couple or a family, it is sometimes easiest to just eat out.  Eating out on a regular basis can get very expensive.  I recently received a Blue Apron free trial.  I was eager to try and cook my way through a new and adventurous meal, something I wouldn’t normally eat.

As this was a Blue Apron free trial, I had nothing to lose.  I had three meals delivered right to my door.  All of the packaging was recyclable, and it came with a couple of nice reusable freezer packs.  Here is my experience:

Meal: Chipotle-Glazed Meatloaf

Blue Apron Free Trial: Chipotle-Glazed Meatloaf

What I expected: Blue Apron said the prep time for this meal was just 10 minutes with the cooking time of the meal being between 35-45 minutes.  The card (included in the picture) came with a quick description of the meal along with all of the ingredients for the meal.  Each ingredient listed even came with a picture in case you weren’t sure.  The flip side of the card came with step by step instructions on how to prepare the meal and also some pictures to assist you along the way.  I laid out all of the ingredients on top of my counter along with the card and began.

The Good:  You have all of the ingredients you need to create a unique dish.  If you tried to go to the grocery store and buy all of the necessary items to create something similar, you would spend way more than $10/meal.  All of the items looked fresh and appeared top notch.  Everything from the beef, to the potatoes, to the garlic looked like it had been prepared just mere days before.  Finally, Blue Apron also pairs each of the dishes with a wine.

The Bad:  While the meal card said the prep time was just 10 minutes, this was not the case.  It took me about double that time to prepare the meal.  The only way someone could have done the prep in 10 minutes is if they were highly experienced in the kitchen or if they had prepared this meal before.  The meal also lacked a side of vegetables.  While this might seem quite minor in the details, some healthy vegetables to go along with this meal would have made it complete.  I ended up cooking some green beans to go along with the meat and potatoes.  You also needed some cooking experience to help guide you through.  I don’t believe these meals are for the complete rookie.  For instance, you had to mince garlic, slice potatoes, and needed a few kitchen accessories to complete the meal.

Chipotle-Glazed Meatloaf Dish

Conclusion

Ultimately my Blue Apron free trial was a success.  I was able to create a delicious, unique meal all by myself.  At just around $10/meal, it is also a great value because the same ingredients would cost much more if you purchased them at the store.  Downsides would be that it requires some basic kitchen knowledge and elementary kitchen items.  This meal service is great for a couple who enjoys cooking together and wants to spend some time create different dishes and bonding over the experience.

Are you interested in Blue Apron? Get $30 off your first week using this link.

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