Albert Pujols’ Net Worth

Just because the NFL, NBA, and NHL are in full swing doesn’t mean the MLB is dormant this winter.  In fact, deals are being made year round in baseball.  The Los Angeles Angels just announced the signing of a Japanese phenom, Shohei Ohtani, to their roster.  A pitcher by trade with a 100 mph fastball, Ohanti also has the ability to swing the bat; however we will be focusing on another player on the Angels roster today, Albert Pujols.  Albert is a seventeen year veteran in the MLB and is on his way to the Hall of Fame.  His success on the diamond has led to Albert Pujols’ net worth to be $100 million.

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In January of next year, Albert Pujols will turn 38.  Although he might be nearing the end of his MLB career, he still has four years remaining on his current contract with the Los Angeles Angels.  Pujols emerged onto the MLB scene back in 2001 when he made his rookie debut with the St. Louis Cardinals.  He spent the first eleven seasons of his professional career with the Cardinals where he helped lead the organization to two World Series titles.  Pujols has been tabbed an All-Star ten times during his career, nine of those came while he played in St. Louis.  After leading the Cardinals to the 2011 World Series Championship, Albert became a free agent and eventually signed a massive contract with the Angels.  The contract, $240 million over ten years, would give a significant increase to Albert Pujols’ net worth.

Many experts believe that Albert Pujols is destined for the Hall of Fame.  Throughout his seventeen year career, he has over 600 home runs and nearly 2000 RBI’s (Runs Batted In).  On top of that, his career batting average currently sits above .300.  In addition to his incredible performances behind the plate, Albert is also known as a superb fielder.  He has been the recipient of two Gold Glove awards which is annually given to players who exceed at their respective fielding positions in both the National League and American League.

The majority of Albert Pujols’ net worth comes from his nearly two decade long success on the baseball field.  His career earnings in the MLB are over $240 million, and he is expected to earn an additional $114 million over the next four years of his contract with the Angels.  With these future earnings being almost a sure thing, we can expect Albert Pujols’ net worth to increase by at least another $50 million over the next four years.

Albert and his wife, Deidre, have been married for nearly eighteen years and the couple has a total of five children.  In 2005, they started the Pujols Family Foundation which supports families who are affected by Down syndrome.

Annual Costs of Owning a Dog

They are often referred to as man’s best friend.  As a dog owner, I can assure you this statement is quite true.  Each day when I come home from work, I look forward to seeing the wagging tail and the kisses that come upon my arrival.  Owning a dog is great, some would even say fantastic; however, despite the kisses and tail wags, one’s wallet can take a hit.  The size of the dog does play in to a lot of these factors.  My dog weighs 35 lbs and is considered by most to be a medium sized dog.  The numbers that follow for annual costs of owning a dog are based on a medium sized dog.  Smaller dogs tend to be cheaper, while larger dogs tend to be more expensive, so please bear that in mind.  A budget is the easiest way to track your expenses when it comes to your pet.

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My dog Vera

Dog Food & Treats

The most common and never-ending expense of owning a dog comes down to the dog food one has to purchase.  The price of that food can vary depending on the brand and type.  For instance, I feed my dog Purina Dog Chow, which is by no way the most expensive, but also isn’t the cheapest.  I usually am able to purchase a 36 lb bag for $25.  I estimate I go through 4 of these bags a year for my dog so $100 in annual cost for food.  When it comes to treats, I like to reward my puppy with a rawhide, various snacks, peanut butter and Dentastix (or similar).  I estimate that my yearly cost spent on treats comes out to $75.

Total Annual Cost: $175

Medication/Shots:

It is moral and also the law to give your dog the necessary vaccinations that they require in a given year.  I’ll first begin with medication.  My dog requires heart worm and flea protection just like any other dog.  For this, I use an all in one preventative treatment called Sentinel.  A year’s prescription of this treatment costs $100 for my dog.  Dog’s are also required by law to get a list of shots to maintain good health for the dog and other’s around it.  These can include the rabies vaccine among others.  The shots typically run me $150 a year when it is all said and done.

Total Annual Cost: $250

Boarding/Daycare/etc.

Every person’s situation is different.  If you like to travel and you have a dog then be prepared to spend around $25/night for boarding.  I tend to use friends and family to watch my pooch and usually pay them back with beer, a meal or an IOU.  Daycare is also another popular cost among dog owners.  Many view their dogs as an extension of their family and thus like for them to be well-cared for and interact with other dogs.  Daycare for dogs can run anywhere from $12-$25 a day on upwards.

Total Annual Cost: $250

Annual Cost of Owning a Dog: Final Results

If you total up my three previous sections, the total annual costs of owning a dog for me comes out to $675.  Again, this can vary depending on the lifestyle of the dog, what type of food you buy, and a number of other factors.  This example is only meant to give potential dog owners an idea of what to expect.  At the end of the day, my dog is priceless and whatever I can give her to make her happy and see her tail wag is worth it’s weight in gold.

Budget Smart, Invest Wise

Tyrod Taylor Net Worth

As kids, many of us grew up hoping to play sports at the professional level.  I vividly remember playing backyard football and keeping up with my stats like I had a million dollar contract to prove my worth.  In reality, very few of us actually make it; however, Tyrod Taylor is different.  Growing up in Virginia, Tyrod excelled as an athlete from a young age.  He was a three sport athlete in high school and played multiple positions on the football team.  His stellar play in high school led to football scholarships and Tyrod eventually signed with Virginia Tech.  Athleticism and determination have helped give Tyrod Taylor net worth a value of $10 million.

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In college, Taylor started 42 of 50 games during his four year career.  He amassed 50 passing touchdowns along with another 23 rushing touchdowns in his tenure.  During his senior season, he was named the ACC Player of the Year.  He led his Hokies to the ACC Championship game that season, where they knocked off the Florida State Seminoles.  In the 2011 NFL draft the following year, he would be selected 180th overall by the Baltimore Ravens.  While his first four seasons at Baltimore were mainly spent in the backup role, he would eventually become a starter when he signed with the Buffalo Bills in 2015.  A strong showing during the 2015 season with Buffalo eventually led to Tyrod signing an enormous contract with the Bills.  This contract was worth $90 million over five years and would significantly add to Tyrod Taylor net worth.

The 2016 NFL season didn’t go as well as Tyrod or the Bills had hoped.  Tyrod’s play was average, but the Bills had another losing record which led to the firing of head coach Rex Ryan.  A clause in Tyrod Taylor’s contract made it so Buffalo didn’t have to pay him the remaining four years of his original five year $90 million contract, which they didn’t.  Instead, the organization decided to restructure the deal, and in March of 2017 it was eventually altered to 2 years for just $30 million.

Despite throwing 48 touchdowns to only 15 interceptions from 2015 through the first 10 games of 2017, Taylor has yet to solidify his starting spot among the coaching staff.  Yesterday, Tyrod did earn his starting role back against the Kansas City Chiefs.

By the end of the 2017 NFL season, Tyrod Taylor’s net earnings through the league will exceed $27 million.  More than half of that amount is being earned during this season through his salary and signing bonus.  If Tyrod can get back on track and lead the Bills to numerous wins down the stretch, he may be able to solidify himself as a staple in the team’s locker room.  A good end to the season means that Tryod can expect the Bills to exercise their option for the 2018 season, where he’ll be due roughly $16 million.  Stellar play towards the end of the season is the best way for Tyrod Taylor net worth to continue to increase in the years to come.

Is a $250K Net Worth at 28 Possible?

I often write a number of net worth pieces on athletes, coaches and other famous individuals, but what about the rest of us who aren’t worth millions?  Your age and net worth should have a positive correlation, the older you get the better the opportunity to build your net worth.  That is why I pose the question, is a $250,000 net worth before you are 30 even possible?  The answer is yes!

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Net Worth Formula

We are familiar with young stars such as Justin Bieber, Rihanna, and Andrew Wiggins having a net worth in the high millions, but what about the rest of us?  Let’s first talk about what net worth actually means.  As is illustrated in the image above, net worth is calculated with a simple equation.  You take all of your assets (house, retirement accounts, cars, etc.) and from that you subtract all of your liabilities (mortgage, debts).  The resulting equation will equal one’s net worth.

As previously stated, net worth tends to increase the older you get.  That is why I am looking forward to my future net worth.  At 28 years of age, my net worth already exceeds a quarter of a million dollars.

How have I been able to build a $250k net worth?

There were a number of smart financial decisions I made in order to build my wealth in such a short period of time.  When I began my first job at the age of 23 (just five years ago), I had a negative net worth.  There were student loans I had to pay back, and after being in college for four years I didn’t have a chance to save much money.  I focused on paying off my debts, in this case my student loans.  Getting out of debt is crucial to building one’s net worth.

The next thing I focused on to build my net worth was by budgeting and investing.  The focus of this blog today is still the same as it was when I began it three years ago, budget and invest.  You can still download a free monthly budget template on this site.  Budgeting allowed me to focus on paying off my debts while also helping me determine how much money I could save in a given month.  This process helped me towards my $250k net worth that I am seeing today.

The final step was focusing on my earning potential.  I switched jobs a couple times, each time to a position that paid me more than the previous.  I also, turned my house purchase into a cash flow positive rental property.  By increasing my earning power and paying off my debts I have now been able to save more than ever before.

Each person’s financial situation is different.  There are plenty of individual’s in their twenties who are worth a lot more than me and there are also plenty that are worth a lot less.  I was once told long ago that you cannot focus on someone else’s earnings and net worth, you have to focus on your own.  After all, only you can control your financial decisions.

Budget Smart, Invest Wise

 

Jay Cutler Net Worth

Tom Brady, Brett Farve, Peyton Manning, these quarterbacks will all go down in NFL history as some of the best.  Then there are those quarterbacks who enjoyed a long and successful NFL career, but won’t be remembered among the elite.  In steps Jay Cutler.  Cutler is currently the starting quarterback for the Miami Dolphins.  He came out of retirement after Miami’s starting quarterback was hurt earlier this year.  While many consider Jay Cutler falling short of career expectations, he has been able to rack up a significant net worth during his playing career.  Jay Cutler’s net worth sits at $60 million.

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Miami Dolphins QB Jay Cutler

At 34 years of age, Cutler is currently playing in his 12th year as an NFL quarterback.  He has played for three teams, the Broncos, the Bears, and now the Dolphins.  He was selected as the 11th overall pick in the 2006 NFL draft by the Denver Broncos.  His first contract in the NFL was worth an astounding $48 million for six years; however, he was traded to the Chicago Bears after only three seasons in Denver.  While in Chicago, Cutler remained a consistent starter for the Bears, but he never produced the stellar season that the Bears were hoping for.  Even despite his lackluster performance, he was still awarded with a massive seven year $127 million contract in early 2014.  Even with this massive contract in hand, Jay Cutler couldn’t live up to the expectations and eventually he was released by Chicago before playing out the extent of the contract.

Upon his release from the Chicago Bears, Cutler announced he would retire from professional football; however, his retirement was short lived.  He was eventually called upon by the Miami Dolphins to fill in for quarterback Ryan Tannehill who got injured before the 2017 season began.  Miami signed Cutler to a one year deal worth $10 million.  After the 2017 NFL season, Jay Cutler’s career NFL earnings will top over $120 million.  It is his NFL paychecks that have helped give rise to Jay Cutler’s net worth.

Although many believe Cutler fell short of his potential, he has ended up having a fairly successful football career.  His college career at Vanderbilt University propelled him to his first round draft selection.  He was named to the All-SEC first team his senior year.  His only Pro Bowl selection came in 2008 when he led the Broncos to an 8-8 overall record and threw for 25 touchdowns.  He set a career high for himself in passing yards that year with 4,526.

Jay Cutler is married to reality television star Kristin Cavallari and the couple has a total of three children together.  He started the Jay Cutler Foundation back in 2007 while in Denver.  He was also diagnosed with Type 1 diabetes and works with Dedication to Diabetes to help raise awareness for the disease.

Justin Verlander Net Worth

The 2017 World Series is upon us and it features the best two teams in the MLB, the Los Angeles Dodgers and the Houston Astros.  The Astros are in search of the club’s first World Series pennant, while the Dodgers haven’t won the title since 1988.  Many are familiar with the Dodgers ace, Clayton Kershaw, but the Astros have a pitcher of their own that is among the league’s elite.  That pitcher is Justin Verlander.  Verlander is a pitching veteran who spent the first part of his career with the Detroit Tigers before being traded to the Astros earlier this season.  He now is hoping to lead the Astros organization to their first ever World Series title, but to do that he has to get past the Dodgers and their home field advantage.  Despite the task at hand, Verlander’s success on the field has led to Justin Verlander net worth to be $90 million.

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Astros pitcher Justin Verlander

At 34 years of age, Justin has had an illustrious MLB career thus far.  He is a six-time all star who won the American League Rookie of the Year award in 2006.  Despite pitching on great teams in years past, Verlander is still looking to become a World Series Champion.  He helped lead the Detroit Tigers to two World Series back in 2006 and 2012, but the team came up short each time.  A World Series championship in 2017 would help to round out Verlander as one of the all time greats on the mound.

The majority of Justin Verlander net worth comes from his on the field earnings throughout his career.  He was the second overall pick in the 2004 draft out of Old Dominion.  His initial contract included a signing bonus of over $3 million, but it wasn’t until later in his career that he was able to really cash in.  After seeing the promise in their young star, the Tigers gave Verlander a five year $80 million contract before the start of the 2010 season.  While this might sound like a lot, it fails in comparison to his most recent contract he signed back in 2013.  In March of 2013, Justin signed an enormous six year contract valued at $162 million.  His total career earnings to date through the MLB total over $170 million.  As for what the future holds for Justin… More money.  He is scheduled to make nearly $80 million over the next three season as part of his contract.  This would easily bump Justin Verlander’s net worth to nine figures.

Verlander is a native of Virgina.  He is more famously known around Hollywood as the guy who is engaged to supermodel Kate Upton.  The couple got engaged back in 2016 and plans to tie the knot in the near future.  When Justin isn’t spending time with his fiancee, he commits himself to charitable work, most notably the Wins For Warriors Foundation.

2018 401(k) Contribution Limit Unveiled

Death and taxes.  The two things that most say are certain in life.  Well now at least when it comes to taxes you might be able to avoid some because of a recent decision by the Internal Revenue Service (IRS).  The IRS recently came out with the guidelines for 2018 when it comes to tax-advantaged retirement accounts.  Although none of the changes were dramatic, they made a few tweaks that will allow individuals to boost retirement savings in certain tax friendly accounts.

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The 2018 401(k) contribution limit is being pushed slightly upward to $18,500 per year.  This is a $500 increase on what it used to be.  Individuals who are 50 and over can still save an additional $6,000 meaning some can contribute as much as $24,500 into a company 401(k) plan.  While an increase in the 2018 401(k) contribution limit came about for the upcoming year, other retirement plans such as IRA’s and Roth IRA’s remain unchanged.  You are still only able to contribute $5,500 per year to both traditional or Roth IRA.

IS CONTRIBUTING TO A 401(k) A GOOD IDEA?

The short answer is absolutely!  While not all companies offer 401(k) plans for employees, a lot do.  It is highly recommend that you put in at least the minimum amount required to get the full match your company offers.  Once you have done this, see if you can contribute a little bit more and further increase your retirement savings.  At my first job, I began contributing 6% which was what I needed to do to get the entirety of my company’s match; however, I began to increase it over time.  Get a 3% raise?  Try increasing your 401(k) contribution by 2%.  This was a simple and easy method I did each time I’d receive one, and the best part was I never missed the money at all.

IS IT EVEN POSSIBLE TO CONTRIBUTE $18,500 OR $24,500 TO A 401(k)?

Yes again.  Is it hard?  Sure it can be, but is it doable?  Absolutely.  How do I know it’s possible?  Because I myself max out my retirement account for my 401(k).  I never see the money.  It’s taken directly out of my paycheck, so I never miss out on spending it.  The recent increase of the 2018 401(k) contribution limit is something that I will take advantage of.  A small percentage bump can make a lasting impact during one’s retirement.

In closing, the increase of the 2018 401(k) contribution limit won’t have much of an impact on most people.  Very few actually max out their retirement accounts.  But if you’re like myself, then you welcome the news with open arms.  While 2018 saw an increase to the 401(k) contribution limit, 2019 has a very good chance to see an increase for contribution limits to both traditional and Roth IRA’s.  Only time will tell.

Budget Smart, Invest Wise

Stephen Strasburg Net Worth

October is finally here, and for baseball fans around the country that means one thing… PLAYOFFS.  If your MLB team is lucky enough to make the postseason, then you are likely to be glued to the TV throughout the month rooting them on.  One of the teams who did make the playoffs is the Washington Nationals.  The Nationals have seen progress over the past few season and part of it is due to the stellar pitching of Stephen Strasburg.  Stephen has spent all seven of his professional years with the Nationals and is coming off back to back 15 win seasons.  Because of his success, Stephen Strasburg net worth tops out at $25 million.

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Nationals pitcher Stephen Strasburg

At 29 years old, Strasburg has secured his standing as a top pitcher in the MLB.  His professional career began in 2009 when the Nationals selected the pitcher as the first overall pick in the MLB draft.  His initial four year $15.1 million contract was the highest of any rookie ever to that point.  This initial contract helped to jump start Stephen Strasburg’s net worth.  After signing a number of one year contracts with the team, Stephen was finally rewarded a long term contract with the organization.  In May of 2016, Strasburg signed a seven year contract valued at $175 million.  The contract is designed in such a way that gives Strasburg a player option beginning in the 2020 season.  It also includes a performance bonus.  The bonus is based on the number of innings he pitches during the regular season.  If he exceeds 180.0 innings pitched, he is rewarded with a $1 million bonus.

In order to justify his new contract, Stephen went out and performed quite well during the 2016 season.  He posted a 15-4 record and an ERA of 3.60.  He followed it up with another stellar performance in 2017.  For this current baseball season, he has another 15-4 overall record but has lowered his ERA to just 2.52.  Since pitchers in the National League are required to bat, Strasburg even went so far as to hit two home runs during the 2017 season.  He also was able to secure his third All-Star appearance this season representing the National League.

Stephen Strasburg net worth is due in large part to his career earnings while playing baseball professionally.  To date, he has earned over $60 million in career earnings through the 2017 season.  Strasburg is not a super flashy and well known player like his teammate Bryce Harper.  Thus, he lacks a lot of the endorsement deals that come with big name players.

Strasburg is still quite young in terms of baseball’s longevity.  We expect Stephen Strasburg’s net worth to continue to increase over the next years quite substantially.  While his net worth sits at $25 million now, it can easily double in a few years time.

 

 

Andrew Wiggins Net Worth

In today’s age, professional athletes are signing contracts that keep getting bigger and bigger.  In fact, contracts for players of the National Basketball Association are the largest of them all.  Recent negotiations between the players’ union and the association has allowed contracts to reach an all time high.  Andrew Wiggins is one of the players set to benefit from the recent contract negotiations.  The first overall draft pick in 2014 by the Cleveland Cavaliers, Wiggins never played a game with the Cavs, but instead was traded to the Minnesota Timberwolves.  Since arriving in Minnesota, Wiggins has proved why he was the number one overall pick.  His first contract was four years for just shy of $25 million.  Because of this initial contract, Andrew Wiggins net worth sits at $20 million.

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NBA star Andrew Wiggins

Although he is just 22 years old, Wiggins net worth is much higher than almost anyone currently in their 20’s.  Despite only having earned just $17 million through his first three seasons on the court, Andrew Wiggins net worth sits much higher due to his endorsement deal he signed as a rookie with apparel company Adidas.  It was reported that Wiggins endorsement deal with the company pays him roughly $18 million a year.  Couple that with his on court performance, and it is easy to see why they were willing to pay the young star so much.

Wiggins has recently made national headlines for his peculiar way of handling what could be the biggest basketball contract of his young career.  He recently fired his agent, and he is reportedly not jumping at the opportunity to sign a max extension with the Timerwolves which is worth $148 million for five years.  That contract would pay Wiggins nearly $30 million per season and would place him among the basketball elite.  But is Andrew Wiggins worth this massive contract?  The answer is an astounding YES.  In just three years in the league, Wiggins is averaging over 20 points per game, and last season alone he averaged over 23 points in each contest.  He is a solid free throw shooter at 76% and made adjustments to his game to reach a 36% success rate on three point tries.

It was evident that Wiggins was a special talent early on.  In 2013 he was the Gatorade National Player of the Year and Mr. Basketball USA as a senior in high school.  He ended up signing with the Kansas Jayhawks where he played just one season averaging over 17 points per game during the season.  He eventually declared for the NBA draft where he was the first overall pick.  His NBA career got off to a stellar start and he was named the NBA Rookie of the Year along with being apart of the NBA All-Rookie First Team.

Despite not being in any rush to sign his contract extension, Wiggins has expressed that he would like to remain with the Timberwolves in the future.  Although only time will tell, Wiggins with or without an agent is expected to sign an extension of some kind which will pay the young star a great deal of money.  Andrew Wiggins net worth will greatly increase over the coming years as he continues to earn money from not only his new expected extension but also his endorsement deal with Adidas.