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

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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

Yadier Molina’s Net Worth

The term GOAT (Greatest of All Time) is being thrown around a lot lately.  Many people associate it with the greatest athletes, Tom Brady, Michael Jordan, and Tiger Woods to name a few.  When it comes to the GOAT of catchers in the MLB, some might throw the name Yadier Molina around.  A fifteen year MLB veteran, Yadier Molina’s net worth tops out at $45 million.

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Catcher Yadier Molina

A native of Puerto Rico, Molina has spent his entire professional baseball career with the St. Louis Cardinals organization.  Although he was drafted in the fourth round in 2000, he didn’t make his major league debut until 2004.

During his rookie season in 2004, Yadi appeared in 51 games for St. Louis.  It wasn’t until 2005 that he became the lead guy at catcher for the Cardinals.  He is known as being a very solid hitter at his position.  His career batting average currently sits at .283 and he has belted over 130 home runs thus far.

Many regard Molina as being one of the best catchers of all time.  It is his fielding ability behind the plate that has people calling him the GOAT.  He is an eight-time Gold Glove winner.  His most recent Gold Glove came during the 2015 MLB season.

While his hitting and catching ability are both impressive, the thing Yadi has to be most proud of are his World Series rings.  He has helped lead the Cardinals to two World Series titles in his career.  Molina played a critical role in helping the Cardinals win titles in both 2006 and 2011.

When it comes to getting paid, Yadier Molina is not shy about it.  He knows very well he is deserving of a top salary.  For the 2018 season, Yadi is the third highest paid catcher in the entire MLB and has the highest salary of any Cardinals player.

Just before the start of the 2017 MLB season, the Cardinals and Yadi agreed to a 3 year $60 million extension.  He is scheduled to make approximately $20 million in salary for the 2018, 2019, and 2020 seasons.  This extension has helped to greatly increase Yadier Molina’s net worth.

Molina is set to turn 36 years old this season.  With two more years remaining on his contract, he will be one of the oldest if not the oldest starting catcher in the MLB during the 2020 season.  Many have begun to wonder what the Cardinals plan to do after their catcher reaches retirement.  Currently, Yadi’s backup is a 28 year old named Francisco Pena who the Cardinals acquired during the offseason.

Even though Yadier Molina stays close to St. Louis during the baseball season, he still maintains a residence in Puerto Rico where he is from.  He has two older brothers, Benji and Jose Molina, both of whom had successful MLB careers of their own.

OTHER PROFESSIONAL ATHLETES NET WORTH

Kyle Korver’s Net Worth

Matt Ryan’s Net Worth

Drew Brees Net Worth

 

5 Biggest Warning Signs for Student Loan Debt

5 Biggest Warning Signs for Student Loan DebtAs a nation, America’s student debt load is reaching crisis proportions. The New York Federal Reserve puts the total student loan debt at over $1.52 trillion, with the delinquency rate over 11 percent.

Is your personal student loan situation nearing a similar crisis? Consider these five warning signs to assess whether you are handling your student loans responsibly or are on the road to potential default.

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Kyle Korver’s Net Worth

The Cleveland Cavaliers and Golden State Warriors are meeting yet again in the NBA Championship.  While we are all familiar with many of Golden State’s stars, Steph Curry, Kevin Durant, and Klay Thompson, many aren’t too familiar with the Cavs players.

Sure we all know of Lebron James and a few others, but if you are not a basketball fan, you might not have heard of Kyle Korver.  He comes off the bench for Cleveland, and Kyle Korver’s net worth sits at $20 million.

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Cleveland Cavalier Kyle Korver

Korver was traded to Cleveland during the middle of the 2016-2017 NBA season.  He is now playing in his second championship series with the Cavs.

A former second round draft pick in the 2003 NBA draft, Kyle is currently playing in his 15th season as a professional.  The 6’7″ Korver excelled in the early 2000’s as a member of the Creighton Bluejays basketball team.  In his senior season, he averaged nearly 18 points per game and shot 48% from three-point range and over 90% from the free-throw line.

He was selected 51st overall by the New Jersey Nets (now the Brooklyn Nets) but was eventually exchanged to the 76ers where he began his career.  While in Philadelphia, Kyle became a part time starter.  In the 2006-2007 season, he averaged a career high in points per game with 14.4.

Kyle has played for a total of five NBA teams.  The teams include the Philadelphia 76ers, the Utah Jazz, the Chicago Bulls, the Atlanta Hawks, and the Cleveland Cavaliers.  Only on one of these teams did he become a full time starter, and that was with the Atlanta Hawks.

Despite coming off the bench for the Cavs this season and being 37 years old, Korver’s numbers are right up there with his career averages.  His career averages in three-point percentage, 43%, and free-throw percentage, 88%, rank him among the top all time in the NBA.  In fact, in the 2009-2010 season while playing for the Jazz, Korver set and still holds the NBA record for highest three-point shooting percentage in a regular season.

Even though he hasn’t signed a massive contract like the ones seen today, Kyle Korver’s net worth can be mostly attributed to his $70 million in NBA career earnings.  He is currently earning $7 million this season for the Cavs, and he is expected to make around $7.5 million per season for the next two years according to his contract.

In the upcoming seasons, Kyle Korver’s net worth could close in on the $30 million mark.  However, in order for him to surpass that he will need to be playing until he is at least 40.

LINKS TO OTHER ATHLETE NET WORTHS

Matt Ryan’s Net Worth

Kenneth Faried’s Net Worth

Jason Witten’s Net Worth

Matt Harvey’s Net Worth

Jarvis Landry’s Net Worth