Vince McMahon’s Net Worth

Vince McMahon
Vince McMahon

Whether or not you can define WWE (World Wrestling Entertainment) as a sport is a question for another day. One thing is certain. However- it’s as lucrative as any other sport out there. WWE CEO, Vince McMahon would certainly agree. The American professional wrestling promoter and businessman has amassed a staggering $3 billion, most of which he has wrestling to thank for. Continue reading

Starting a joint-venture? 3 mistakes to avoid

The early days of a joint venture are an exciting time and it can be easy to get swept up in the inevitable energy and positivity:  New relationships are forming and many partners enjoy a “honeymoon” period.

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However, as a venture progresses, it can become rapidly complex and if you don’t set clear boundaries, targets and goals at the outset, then you’re potentially setting yourself up for a fall.  That’s not to say that things will go wrong, but there’s an old idiom that holds much water:

“Hope for the best and prepare for the worst.”

How does a company plan effectively and embark on a joint venture?  Here are 3 mistakes you can avoid in order to maximize the potential of your collaboration…

Lack of Transparency

Generally speaking, a joint venture is born of a mutual desire:  Two (or more) companies, operating in the same marketplace (or marketplaces with overlapping elements), join forces in order to achieve a synergistic outcome.

Often though, these companies will be competing to a certain degree at one level or another and this can stem the flow of information between partners for fear of losing competitive advantage in other, non-joint areas of their business.

For this reason, it’s a good idea to draw up an agreement early on that establishes exactly what information can and/or should be shared, in order to avoid the project coming to an abrupt and unexpected halt.  This agreement need not be complex and many online contract libraries (such as Docsketch) offer the opportunity to download and customize such agreements in minutes.

Inertia Through Conflict

Embarking on a joint venture doesn’t just mean that a number of companies come together, it also means that a number of cultures must come together.

Differences in management style and philosophy can seriously hamper a venture’s productivity as each interested party tries to steer the project in the direction they would like, the way they would like.

By taking the at outset to sit down and discuss who will control which elements of the project (and how) can save considerable amounts of time, thus avoiding the venture stalling and potentially, ultimately, failing.

Keep in mind that all methods have their merits and that the goal of a joint venture is a productive relationship, not an abusive one.

Failure to Define an Exit Strategy

It can be difficult to envisage, let alone plan, the end of a joint venture that could vary in length from weeks to years, but it’s an important consideration that’s often neglected at outset.

Don’t make the mistake of thinking that you’ll only need an exit when the venture’s objectives are achieved either, as there may be other unforeseen events that prompt its termination earlier than planned.  Any agreement should cover such scenarios so as to ensure a smooth exit, regardless of the events that precipitate it.

By avoiding these common pitfalls you can help to ensure that your joint venture is a success.

3 Reasons Why Weddings are So Expensive

Beach Wedding Ceremony during Daytime

Summer is in full swing. While weddings occur all throughout the year, summer seems to be a popular time for two people to tie the knot.

Many of us attend a wedding with the assumption that we are celebrating friends or family, but do we really know the costs behind it all? Weddings have been getting more and more expensive each year. As someone who has been to a number of weddings and is currently planning one, I can tell you 3 reasons why weddings are so expensive.

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Moving On A Tight Budget

When you intend to move, but you’re on a tight budget, you need to take all the necessary steps to save as much as possible. Moving can be an expensive process, but there are ways to go about in on a budget. To cut down on your moving costs, you should remember that as you relocate, you have a perfect chance to leave behind what you don’t need and haven’t been using for a long time. Such things can either be given to charitable organizations or be sold. It won’t make sense for you to pay for the relocation of stuff you don’t intend to use, and it can save you quite a bit of cash.

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What is the Cheapest Type of Life Insurance?

If you’re shopping for life insurance, you have several factors to keep in mind. There are many different types of life insurance to choose from. They each have their own benefits and drawbacks.

A common concern with life insurance is the cost. This deters people from getting life insurance and can make them put it off. Fortunately, there is one type of life insurance that is a cheaper option.

In general, the cheapest type of life insurance is term life insurance. Term life insurance is insurance that lasts for a specific number of years. When you get term life insurance, you will select a specific term you would like the policy for. The terms can vary by company, but you can typically find terms that last 10, 20, or 30 years.

Why is Term Life Insurance the Cheapest?

Term life insurance has no cash value, while other more expensive options do offer cash value. This helps to keep the cost down on term life insurance. Cash value options cost more, making term life insurance a much more affordable option.

Jason of CFAinsure explained it like this:

“Because term life insurance only lasts for a set number of years, it expires prior to the insured’s death. With other types of life insurance, the policy is meant to last for the duration of the insured’s life. This is why it costs more.”

Who Should Get Term Life Insurance?

For most people, term life insurance is used while their children are still young. This provides protection in case anything was to happen to the insured while their children are growing up. The term life insurance would then act as income replacement for your family.

One way to do this is by getting life insurance for the length of time you will have living in your home. After that time, term life insurance is no longer necessary because your kids will no longer be financially dependent on you.

How Much Does Term Life Insurance Cost?

The actual cost of term life insurance varies by person. There is no one-size-fits-all insurance policy. You will need to find the term life insurance option that works best for you and your needs.

Term life insurance costs are also dependent on age, gender, health status, and other factors. For this reason, you should not expect to get the same policy for the same price as a friend or co-worker.

For many people, term life insurance only costs a few dollars each month. Some people only have to pay about $10 per month. As mentioned, this can vary greatly. It’s important to get quotes based on your age, gender, health status, and other factors. This will ensure you know what you can expect to pay.

Conclusion

If you’re looking for an affordable type of life insurance, term life insurance is the best choice. It’s the most cost-effective life insurance but still offers the protection you need. Some people end up paying just $10 per month for term life insurance. It’s important to do your research and see if term life insurance is a good option for you.