Focus on Results: Where to Spend Resources for Maximum Gain

When you’re running a business, working in any kind of managerial role or simply taking decisions on behalf of one for example as a marketing agency entrusted with a budget, what you’re doing every day is choosing where to spend resources to get the best results for the smallest investment. Those resources might be literally money, but the resources you have at your disposal could be the work-hours of the team you’re managing, the reputation of your company, even personal favours built up over time.

You need to make shrewd use of these resources, putting them into projects that bring in a bigger return than spending them costs. This doesn’t just mean profit: one of the most important things you can do is begin to recognise more indirect gains, from building a reputation for quality with your customers, spending money to build in risk avoidance systems that reduce loss from future projects and avoiding false economies, seeing the bigger picture is vital as you rate your decision making and account for it in front of others.

One of the most important factors at work here is the use of data to inform each decision you make. Using research on your own company, and from market research agencies like Attest mean you can approach choices with confidence about what your consumers want, the extent to which they’ll trust your brand, and exactly what you can do to get it to them. It ensures you’ll avoid problems like over promising, which can harm trust in your company in the long term and drive away the loyal repeat custom that success is founded on. With good data you can start to predict the outcome of your choice, and this modelling allows you to steer towards good outcomes and away from bad ones.

It’s important that your research and data gathering looks back as well as forward. Don’t just walk away from a project, especially if it’s gone badly (or at least, not as planned). Review your decisions, look at where your expectations differed from reality and try to work out why: you might need to make some personal changes if your preconceptions are causing to allocate resources wastefully, or you might need to change your data gathering and analysis techniques to better your ability to predict how your choices will turn out and make sure you’re making the right ones.

Victor Oladipo Net Worth

Many professional athletes take a few years to develop at the next level before they become a top performer.  While LeBron James and Bryce Harper are exceptions to this rule, it can be seen through every professional sport.

Victor Oladipo is a prime example of someone who has found his stride after a few years in the NBA.  The former number two overall pick in the 2013 NBA draft, Oladipo is now getting paid for the value he brings.  Victor Oladipo net worth sits at $12 million.

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Before the start of the 2017-2018 NBA season, Victor was traded from the Oklahoma City Thunder to the Indiana Pacers.  Last season after joining the Pacers, Oladipo led the team in scoring averaging over 23 points per game.

For next season, Oladipo will make $21 million in salary for his on the court contributions.  It will represent year two of four on an $85 million contract he recently signed.  Next season’s salary will push Victor Oladipo net worth even higher, close to the $20 million mark.

A 26 year old from the state of Maryland, Oladipo played his college ball at Indiana University.  Coming out of high school, he was a consensus three-star recruit.  He played a total of three seasons for the Hoosiers before deciding to turn pro.  During his final season with the team, he earned the Big Ten’s Defensive Player of the Year Award while averaging close to 14 points per game.

For his performance during the 2017-2018 NBA season, Oladipo continued to rack up the awards.  He won numerous awards for his performance last season.  He was the recipient of the following: NBA Most Improved Player, NBA All-Defensive First Team, NBA All-Star, and All-NBA Third Team.

After such a solid performance last season, the Pacers have high hopes for their rising star.  He is expected to lead the team both on offense and defense again this season.  With three remaining seasons on his current contract, the Pacers shouldn’t have to worry about their star leaving to another organization.

When Oladipo completes his current NBA contract in 2021, his career earnings will top $100 million.  At the conclusion of his contract Victor Oladipo net worth could easily be around the $35 to $40 million mark.

If he continues his trajectory of performing at a high level, Victor could cash in on a large payday after the 2020-2021 season.  Most likely he will be eligible for a max extension that could pay him in excess of $40 million per season.

FOR MORE BASKETBALL PLAYER’S NET WORTH CHECK OUT THE FOLLOWING:

KYLE KORVER’S NET WORTH

KENNETH FARIED’S NET WORTH

MARC GASOL NET WORTH

KAWHI LEONARD’S NET WORTH

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Vernon Davis Net Worth

When it comes to professional sports, each position is paid differently.  This is clearly seen especially with NFL contracts.  Quarterbacks tend to be the highest paid players on the team, followed by receivers and star players at a variety of positions.  Many recognize that tight ends aren’t paid as much as their receiving counterparts, but that hasn’t stopped Vernon Davis of the Washington Redskins.  Vernon Davis net worth sits at $25 million.

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NFL TE Vernon Davis

Davis is an NFL veteran.  The sixth overall pick in the 2006 NFL draft, the tight end from the University of Maryland has made his mark on the league.  Known for his physical strength and prowess, Vernon is now entering his 13th year in the league for 2018.

Upon being drafted in 2006, Vernon Davis’ first contract was valued at $23 million over five seasons.  Right as the 2010 NFL season began, the 49ers and Davis hammered out an extension for an additional five years that would pay the star tight end nearly $37 million.

In the final season of Davis’ contract extension, the San Francisco 49ers traded the tight end to the Denver Broncos.  After spending only a handful of games with the Broncos, Vernon Davis became a free agent.  He eventually would join the Washington Redskins.

2018 will be Vernon Davis’ 13th year in the NFL and his third season with the Redskins.  He is currently in the middle of a three year $15 million contract he signed before the start of the 2017 season.  While this smaller contract is less than half of one of his previous ones, it still is giving a large bump to Vernon Davis net worth.

Upon the conclusion of last season, Davis has racked up nearly $70 million in career on the field earnings in the NFL.  Couple this with some of the advertisement deals he has done, and it is easy to see how Vernon Davis net worth is as high as it is.

A two-time Pro Bowler, Davis has totaled over 7,000 receiving yards and 60 touchdowns during his career.  In fact, after the 2018 season, Davis will have the highest career earnings to date of any tight end.  His earnings will be more than that of Antonio Gates and Tony Gonzalez.

While Vernon Davis will be remembered by most for his career as a 49er, it is how he finishes in Washington that could define his legacy.  If Vernon is able to complete his contract with the Redskins and add more stats to his impressive career, he could easily go into the Hall of Fame.

OTHER NFL PLAYER’S NET WORTH

Matt Ryan’s Net Worth

Drew Brees Net Worth

Jason Witten’s Net Worth

Jarvis Landry’s Net Worth

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Todd Gurley Net Worth

The idea of being rewarded for your performance is nothing new.  Companies give end of the year bonuses to top-performing employees.  The same can be said in the world of sports.

Todd Gurley is the latest recipient of a reward for his performance.  After three successful seasons in the NFL, Gurley has finally received the large coveted contract.  Todd Gurley net worth sits at $15 million.

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NFL Running Back Todd Gurley

The number ten overall pick in the 2015 NFL draft, Gurley has made an impact in the backfield since his rookie season.  As a rookie, he rushed for over 1100 yards and recorded ten rushing touchdowns.  His performance during the 2015 season earned him the NFL Offensive Rookie of the Year award.

Despite his production taking a substantial dip during the 2016 campaign, he rebounded well last season.  In 2016 he averaged a measly 3.2 yards per rush and recorded only six touchdowns; however, in the 2017 season he rushed for a career high 1,305 yards rushing and a total of 19 touchdowns.

Gurley excelled in his college days at the University of Georgia.  He totaled 36 rushing touchdowns in his three years playing with the Bulldogs.  His freshman year performance earned him First-team All-SEC honors.  He missed a total of four games during his junior season due to violations he received over $3,000 for signed merchandise.

The reason Todd Gurley net worth has shot up to $15 million is due to his recent contract.  In July of 2018, Gurley signed an extension with the Rams worth $57.5 million over four seasons.  This would be the largest yearly average contract for any NFL running back to date.

Back in 2015 when Gurley got drafted in the first round, Todd Gurley net worth got off to a fast start.  He signed a four year contract valued at nearly $14 million.  Included in this contract was a signing bonus worth over $8 million.

Todd Gurley’s recent contract included a signing bonus worth $21 million.  Because the Rams are based in California, Gurley will be on the hook for a large tax bill.  Despite the heavy taxes, if Todd Gurley is able to play through the remainder of his contract, his career NFL earnings will peak at over $80 million.

While most NFL contracts aren’t played to fruition, Gurley’s $45 million guarenteed money will give him an added edge over most.  It is reasonable to expect that Todd Gurley net worth could easily double over the next five years.

OTHER NFL PLAYER’S NET WORTH

Matt Ryan’s Net Worth

Drew Brees Net Worth

Jason Witten’s Net Worth

Jarvis Landry’s Net Worth

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Garrett Temple Net Worth

Moving across the country is never easy, but when you have an $8 million salary attached to the move it makes things much easier.  Garrett Temple is the latest NBA player to be affected from an offseason trade.  Although he spent his last two seasons with the Sacramento Kings, he will now be a member of the Memphis Grizzlies.  Garrett Temple net worth sits at $4 million.

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NBA Player Garrett Temple

An eight year NBA veteran, at 32, Temple is considered to be old in NBA years.  The Memphis Grizzlies will be the seventh different NBA team he has played for during his career.

Temple spent the entirety of his last two seasons playing for the Kings.  Although he would occasionally have a starting role, more often than not he came off the bench.  This past season he set a career high in points per game for a season, averaging 8.4 in each contest.  At 6’6″ and 200 pounds, he plays the small forward position, the same as LeBron James.

Garrett Temple net worth didn’t start to climb until recently.  In each of the last two seasons, he made $8 million per year.  Additionally, during this upcoming season, he is also scheduled to make the same amount.

Before the 2016-2017 NBA season began, Temple saw his career slowly fading.  He was getting short one and two year contracts barely valued at $1 million per season.  However, during the summer of 2016 that all changed.  In July of 2016, Temple finally hit the payday he had been hoping for.  He signed a three year contract with Sacramento valued at $24 million.  It is this contract that has helped his net worth climb past the seven figure mark.

Despite earning more than $20 million in on the court earnings through his career, Temple’s net worth has been impacted negatively by high California taxes.  In each of the last two years, he was in California’s highest income tax bracket due to his large contract.

There is some good news about Garrett Temple moving to Memphis.  The state of Tennessee does not have state income tax, thus he can expect to keep a bit more of his paycheck.  Since California’s highest state income tax bracket is 13.3%, Temple will be able to pocket hundreds of thousands more by his move to The Volunteer State.

Even though Temple is entering the final season of his current contract, if he can produce this season for the Grizzlies he might be due for another big payday.  In essence, a solid performance means that Garrett Temple net worth can continue to climb.

FOR MORE BASKETBALL PLAYER’S NET WORTH CHECK OUT THE FOLLOWING:

KYLE KORVER’S NET WORTH

KENNETH FARIED’S NET WORTH

MARC GASOL NET WORTH

KAWHI LEONARD’S NET WORTH

If reading this blog post makes you want to try your hand at blogging, we have good news for you; you can do exactly that on Saving Advice. Just click here to get started.

Buying Part of a Business: Is it Worth It?

When seeking to continue to build your financial portfolio, adding investments is one idea that many choose to pursue. One way that such investments are typically made is by buying part of a business. Buying into an existing business means that you become one of the main stakeholders, owning a portion of the business itself. While this is something that is done frequently, quite often are new business owners not aware of the many factors that are related to making this significant financial decision.

Benefits

Of course, buying part of a business may sound overwhelming, but there are many factors that make it a beneficial decision.

• Established company client base. One of the benefits of owning part of a business that is established is the fact the client base is already set. While a new business has to attract customers and build a group of returning clients, one that is already functioning will have this taken care of. This will allow the business owners to focus more on customer service and maintaining client retention and increasing the number of clients.

• Ease of expansion. If you happen to buy part of a business that is looking to expand, it will be much easier to do with a company that has already made a name for itself and gets good feedback from its clients. It’s also easier to get an unsecured small business loan for expansion when the company has a proven track record of sales.

• Focus on business improvements. You may like challenges and, thus, purchase part of a business that may need to make a few changes to improve. Luckily, the company has a plan of operation in place so that you can focus on how to improve it for the company’s overall success.

• Current owner knowledge. One of the best factors of buying part of a business is that the current owners will be very familiar with the company and can show you what has and hasn’t worked for business operations thus far. You, equipped with this knowledge, can then come up with innovative ideas to benefit the business.

Risks

As there are many pros to buying part of an existing business, there are just as many risks of shared ownership of a company. It is best to keep these factors in mind as you make your decision.

• Current owner practices. It would be an absolute nightmare to purchase part of a business where the owners mismanaged funds. Upon learning more about a business you may want to purchase part of, be sure to research all financial records.

• Bad reputation. A good use of customer feedback is to learn how the company fares amongst past clients. A company with a bad reputation will likely struggle with being successful.

• High turnover. In addition to clients being indicative of a company’s progress, the employees can serve the same purpose. If there have been numerous employees during the business’ lifespan, especially due to multiple resignations, this would be something to keep in mind as a problem area when taking the company on.

• Differences between owners. If the current owners are not open to change or new ideas, you could possibly run into difficulties with trying to take the company to the next level in terms of expansion, increasing profits, or employee and client satisfaction.

The choice to buy part of a company should only be made after carefully considering all factors, good and bad, that are involved. It can also be helpful to seek the help of a business adviser who can answer your questions and give guidance as you take this big step.

Blake Snell’s Net Worth

With the 2018 MLB All-Star game less than a week away, many players are preparing for some much needed mid-season R&R.  While being elected to the All-Star game is a huge honor, for those who don’t make it, they get to sit at home and relax while teams take time off.

Blake Snell is a pitcher for the Tampa Bay Rays and has a 12-4 record on the season.  He was not elected to this upcoming All-Star game which has many crying “foul”.  Blake Snell’s net worth currently sits at $750k.

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Rays Pitcher, Blake Snell

Snell is currently in the middle of his third season in the MLB.  All three of those years have come with the Rays organization.  A 52nd overall pick in the 2011 MLB draft, it took Snell quite some time to work his way up to the majors.  With that being said, Snell is currently having the best year of his young career.

Blake currently leads Tampa Bay with the most wins, strikeouts, and lowest ERA of any member of its pitching staff.  His 12 wins through the first half of the season is more than he had the previous two seasons combined.  Additionally, his ERA (Earned Run Average) currently sits just above 2.00.

While Snell is currently outperforming pitchers who are paid 50 times his salary, we will have to wait a little longer before Blake Snell’s net worth can shoot up.  At 25 years of age, Snell is currently making just over $500k for the 2018 season.

When he signed his first contract back in 2011 with Tampa Bay, he received a signing bonus that was nearly $700k.  The past three seasons in the majors have really helped to boost Blake Snell’s net worth.  While minor league salaries don’t offer much, a season in the majors yields hundreds of thousands at a minimum.

More than likely, Snell will play with the Rays again for the 2019 season.  However, after this season, he could be likely due for a big payday.  The Rays will try to avoid arbitration with their young pitcher.  Avoiding arbitration almost always equates to a hefty contract.

At 6′ 5″ he is a big presence on the mound.  He is originally from Washington state and went on to play college ball at the University of Washington.  The domination he displayed during his senior year is one of the reasons he was drafted as high as he was.

While Blake is still young and has many years left to pitch professionally, one can only wonder how he feels about making a fraction of what current pitching greats are earning.  Patience and top play are the only things Blake can control as he hopes to one day sign a large contract and jump shot his net worth.

OTHER MLB PITCHER NET WORTHS

Kyle Schwarber’s Net Worth

Stephen Strasburg Net Worth

Justin Verlander Net Worth

DeAndre Jordan’s Net Worth

Can you imagine having a yearly salary in excess of $20 million?  The reality is that most of us cannot.  The only way we believe such a feat can be achieved is through winning the lottery.

DeAndre Jordan is one of the latest athletes to sign a contract that will pay him in excess of $20 million in annual salary.  DeAndre Jordan’s net worth sits at $35 million.

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Mavs Center, DeAndre Jordan

After spending the first ten seasons of his NBA career in Los Angeles, DeAndre Jordan has found a new home.  He recently signed a one year contract with the Dallas Mavericks worth $22.9 million.

Jordan, who is originally from Texas, is a force to be reckoned with at the center position.  Last season with the Clippers, Jordan averaged 12 points and over 15 rebounds per game.  The Mavs are hoping his play at center can propel them to more than the 24 victories they achieved last season.

DeAndre Jordan was drafted in the second round of the 2008 NBA draft by the Los Angeles Clippers.  After coming off the bench his first two seasons, he eventually earned himself a starting role in the lineup.  In 2016, he was selected to the All-NBA 1st Team.  Additionally, he was selected to the All-Defensive 1st Team in both the 2015 and 2016 NBA seasons.

With his ever increasing performance on the court, his bank account has followed suit.  In 2011, Jordan signed a four year $43 million extension with the Clippers.  This would help to quickly rise DeAndre Jordan’s net worth.  Following the completion of that contract, Jordan more than doubled his pay by signing a four year contract valued at over $87 million.

Jordan’s most recent contract he signed with the Mavericks for the 2018-2019 NBA season will bring his career on the court earnings to nearly $130 million.  If he is able to perform well, he could be rewarded handsomely with another large contract for multiple years.

In 2016, DeAndre Jordan was part of the USA Men’s Basketball team that won a gold at the 2016 Olympics in Rio.  He would channel that success the following year on the court.  In 2016-2017 he tied his career high in points per game and also set a personal best in field goal percentage.  He’d later build on that success and just last season improved his rebounding as well as his free throw shooting.

Jordan is expected to bring some much needed help to a Dallas team that is looking to be more physical.  If he can improve the play of the team, DeAndre Jordan’s net worth could see another increase in the near future.

FOR MORE BASKETBALL PLAYER’S NET WORTH CHECK OUT THE FOLLOWING:

KYLE KORVER’S NET WORTH

KENNETH FARIED’S NET WORTH

MARC GASOL NET WORTH

KAWHI LEONARD’S NET WORTH

Basketball Player Paul George’s Net Worth

It is currently the offseason in the NBA.  Deals are getting done.  Players are getting traded.  Recent draft picks are signing their contracts.  One NBA veteran is looking for a contract of his own.  Paul George recently opted out of his contract next year with the Oklahoma Thunder.  He is said to be seriously considering resigning with the Thunder or the Lakers.  Basketball player Paul George’s net worth currently sits at $25 million.

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NBA Player Paul George

Paul George has played eight seasons in the NBA.  His most recent season was spent with the Oklahoma City Thunder.  This was after spending the first seven years of his professional career in Indiana.

A 2010 first round draft pick out of Fresno State, Paul George has been a consistent performer year in and year out in the basketball world.  Over the past three seasons, George has performed at the highest level of his career.

Paul George has averaged over 21 points per game in each of his past three seasons.  It is because of his top play that he is expected to sign a large contract in the very near future.  George was scheduled to make over $20 million for next season; however, by declining the option he will be entitled to much more.

Experts are predicting one of two things to happen with Paul George next year.  Either he will resign with the Thunder, or he will sign with the Lakers.  If he does decide to resign with the Thunder, he will be eligible for a contract potentially worth over $175 million.  If he elects to go with the Lakers, his contract won’t be valued as high.  However, signing with the Lakers might give him a better chance to win a championship.

Regardless of his decision, expect basketball player Paul George’s net worth to increase dramatically over the next few years.  Through his eight NBA seasons thus far, George has earned over $80 million in earnings.  A decision to stay with the Thunder over the next five years will push that amount in excess of a quarter of a billion dollars!

Although Paul George has been in the sports headlines recently, many are focused on what LeBron James is going to do.  This could also potentially impact Paul George’s decision.  Vegas odds believe that LeBron will sign with the Lakers, a move that might eliminate George from signing.  This is because the Lakers are in talks to potentially acquire Kawhi Leonard from the Spurs.  The Lakers won’t be able to afford all three, Lebron, Kawhi and Paul.

The coming days and weeks will be very interesting to watch in terms of Paul George.  One thing is for certain.  Basketball player Paul George’s net worth will be skyrocketing in the years to come.

 

What Costs Do You Have When Selling a Home?

The real estate market has made quite a recovery from the recession lows.  Home values have been steadily increasing for a number of years.  Now is a great time to sell your home depending on which market you live in.

Selling a house isn’t a cakewalk like some might imagine.  It takes a fair amount of effort on the seller’s part, even with a realtor.  For instance, you must schedule repairs that are needed before listing the house.  Then you also have to pay for any repairs that might be needed after a home inspection.  Don’t forget about realtor commissions.

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Below I will go into the four potential cost traps of selling a home and how they can impact your bottom line.

  1. Realtor Commissions: While this may seem like an obvious one, it is one of the biggest if not the biggest expense you will have when selling a home.  In most cases, the seller is responsible for paying the commission of not only their own agent (selling agent) but also the buyer’s agent.  On average, commissions tend to be around 3% for each agent, so you are looking at around 6% of the sale price going towards realtors.
  2. Repairs/Maintenance Before Listing the House:  When you first meet with your realtor, he or she will typically do a walk through of the home with you and advise you of any obvious repairs or maintenance that needs to be done before listing the home.  Sometimes this can be as easy as painting the walls a more neutral color.  Other times it can be more complicated such as repairing leaks or noticeable cracks, or foundation issues.
  3. Repairs Needed After Home Inspection: More often than not, a home inspector is going to find something wrong with the house.  It could be minor, it could be major.  Either way, unless you are selling the home in ‘As Is’ condition, you will more than likely have additional repairs to make before closing comes around.
  4. Potential Taxes:  While selling your home can be a potentially profiting venture, there could be fees you have to pay that far exceed that of a realtor’s commission.  If you are selling property that has been labeled as an investment, prepare to pay taxes.  The IRS recognizes gains on the sale of a property as capital gains.  It will carry around a 15% tax on the difference between the purchase price and the sell price of the property.

So there you have it.  While selling your home can be an adventure of its own and a symbol of moving on to bigger and better things, there are many costs associated with the process.  Being familiar with these potential expenses before you decide to list will remove any element of surprise you might have.

WHY YOU SHOULD CHOOSE A 15 YEAR MORTGAGE