Quarterback Alex Smith’s Net Worth

Have you ever wondered what it’s like to have tens of millions of dollars to your name?  The fact is, most of us will spend our life dreaming of such a financial future but never achieve it; however, others, like Alex Smith, know all to well what the feeling is like.  Alex Smith is the new quarterback for the Washington Redskins.  The former number one overall pick has had an up and down career, but he has recently emerged as a solid starting quarterback in the NFL.  A 13 year league veteran, Smith is entering his 14th season with his third different NFL team.  Quarterback Alex Smith’s net worth sits at $45 million.

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NFL Quarterback Alex Smith

Alex Smith has had a windy road to his NFL success.  Originally a number one overall pick in the 2005 NFL draft by the San Francisco 49ers, Smith has overcome many struggles and injuries that he experienced early in his professional career.  A star at Utah, Smith was a two year starter for the Utes and posted a 21-1 record as a starter.  After being drafted by the 49ers in 2005, Smith signed his first NFL contract valued at nearly $50 million for six years.  Alex Smith was never able to bring the team to prominence, and in 2012 was replaced as a starter in favor of Colin Kaepernick.  The team traded Smith after the season to the Kansas City Chiefs.  Smith proved himself worthy of being an NFL starter at Kansas City, where he was named to the Pro Bowl three times.

Alex had to pack his bags yet again earlier this year as he was traded off to the Washington Redskins who had just lost their quarterback.  However, with his new team came a new contract.  Alex Smith recently just signed a four year deal valued at $94 million.  The contract included a $27 million signing bonus along with a total of $55 million guaranteed over the first two years.  Even if Alex is only able to play two years with the Redskins, we can expect quarterback Alex Smith’s net worth to increase to over $60 million.

Alex Smith’s career NFL earnings have already topped over $100 million.  If he is able to complete the contract he just signed with the Redskins, his career earnings will more than double.  Over his past five seasons in Kansas City, Smith has proven to be a reliable starter.  During that stretch, he has thrown a total of 102 touchdowns to just 33 interceptions, one of the best in the league over that span.

On a personal note, Alex is married with two children.  In 2007 he started The Alex Smith Foundation which aims to provide foster teens opportunities to transition into adulthood.

 

15 Year Mortgage Pros

A little over five years ago I made a financial mistake that I’m not proud of.  I purchased my first home.  No the purchasing of the home isn’t the financial mistake, the mistake was going with a 30 year mortgage instead of a 15 year one.  Many times throughout the year I often wonder why I didn’t even consider a 15 year mortgage.  Don’t make the same mistake.  If you have the financial ability to do a 15 year mortgage then by all means go for it.  I will discuss a few of the 15 year mortgage pros and why I wish I could go back in time and do it all over again.

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15 Year Mortgage Pros #1

The easiest difference to distinguish between a 15 year and a 30 year mortgage is the interest rate.  15 year mortgages have a significantly lower rate than their counterparts.  The shorter the amount of months a company has to lend you money, the more likely they are to recoop their costs.  A 15 year mortgage tends to have an interest rate of 0.5% to 0.75% lower than that of a 30 year.  Although that might not seem like a significant number, it will ultimately equal many thousands of dollars in savings over the life of the loan.

15 Year Mortgage Pros #2

Simply put, you build equity faster.  Because you are having to pay the full amount of the loan in half the time, your monthly payment will be more; however, that also means you will become the full owner of your home in a shorter period of time.  Many people, myself included, choose a 30 year mortgage because the payments are less on a monthly basis.  Had I chosen a 15 year mortgage, my payment wouldn’t have been much more a month and I’d own the home outright in half the time.

15 Year Mortgage Pros #3

The final pro is that you have the opportunity to eliminate your largest monthly expense.  This is especially important as one approaches retirement.  People sometimes talk themselves out of a shorter mortgage because the higher monthly payments mean they have to forgo savings for other things such as retirement.  Can you imagine owning a house free and clear in retirement and not having the stress or monthly expense of a mortgage payment?  Plus you can also free up more capital if you decide one day to do a reverse mortgage.

Conclusion

The majority of housing loans issued are in the form of 30 year mortgages.  This has been the case for a while.  I messed up when I bought my first home, but I can assure you I won’t make the same mistake for my next.  A 15 year mortgage is ideal for individuals or couples who have stable jobs, and are good at budgeting their monthly expenses.  The opportunity to save money on paid interest and build equity fast will be too much for me to pass up again.  That is why the 15 year mortgage pros strongly outweigh any cons.

Budget Smart, Invest Wise

Kirk Cousins Net Worth

We are currently in the middle of the NFL offseason.  It’s been just over a month since the Super Bowl, where the Philadelphia Eagles knocked of the New England Patriots.  The offseason in the NFL is when deals are made and players get paid.  Right now a player everyone has their eyes on is Kirk Cousins.  Cousins is a six year veteran in the NFL with all six of those seasons being spent with the Washington Redskins.  The Redskins drafted Kirk 102 overall in the 2012 NFL draft.  He played out his initial four year contract and has since accepted and played out two additional single year contracts.  Last year Cousins made close to $24 million leading the team.  The salaries from his previous two seasons have given rise to Kirk Cousins net worth which currently sits at $18 million.

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NFL QB Kirk Cousins

Cousins, 29, was a three year starter in college for the Michigan State Spartans.  He wasn’t a highly touted recruit coming out of high school or college and slipped into the fourth round of the 2012 NFL draft.  When Cousins was drafted by the Redskins, he signed an initial deal valued at $2.5 million for four years.  This is a typical offer for someone who gets drafted in the fourth round where he did.  However, impressive play led the Redskins to do something that isn’t very common in the NFL.  Instead of working on a multi-year contract extension with their QB, Washington decided to give him not one, but two one-year extensions.  These extensions meant that if Cousins wanted a big payday he would have to play well.  It also meant that the Redskins weren’t committed to a quarterback if he didn’t perform at a high level.

Kirk Cousins has been the starting quarterback for the Redskins for the past three seasons.  His numbers over that time have been quite impressive.  In each of those three seasons he has thrown for at least 4,000 yards, 25 touchdowns and has maintained a passer rating of at least 93.  His consistent play has made him attractive to many teams this offseason.  The Redskins have missed their chance to sign the QB to a long term deal, thus he is now looking on the free agency market.  With very big recent contracts being negotiated for quarterbacks, Cousins could possibly be looking at a four or five year deal that would pay him approximately $25-$29 million in average annual salary.

In the very near future, Kirk Cousins net worth will see a major boost.  His new contract will likely come with a large signing bonus that will sharply increase his net worth.  We can conservatively expect Kirk Cousins net worth to increase to at least $50 million over the next few years.  Even with this new found wealth, some might wonder if he will ever upgrade his van that he purchased years ago from his grandmother.  With his frugal mentality and top-notch ability to lead an NFL team, a big payday and a big net worth are in Kirk Cousins immediate future.

Budget Smart, Invest Wise

Jordan Peele’s Net Worth

Jordan Peele is a 39 year old actor and comedian who has been around Hollywood for a number of years.  He is most widely known for his show on Comedy Central called Key and Peele, where he co-stars with Keegan-Michael Key.  Born and raised in New York City, Jordan dropped out of college to pursue his comedy career.  A move that has paid countless dividends and given Peele his current net worth.  Jordan Peele’s net worth sits at $14 million.

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Jordan Peele

Peele has been cast into the spotlight recently for his directing work in the recent hit, Get Out.  It was the first film he directed by himself and has received four nominations for the 90th Academy Awards.  The four nominations include, Best Picture, Best Director, Best Original Screenplay and also Best Actor for the film’s lead, Daniel Kaluuya.  Many believe that the success of this film will add greatly to Jordan Peele’s net worth.

Jordan Peele has spent his acting career appearing in several movies including Little Fockers and Wanderlust just to name a few.  The main source of his net worth comes from the work he does on various shows.  He has done many voice overs for characters of TV shows including Robot Chicken, Bob’s Burgers, and American Dad!  He is mostly recognized for the show he helped create, Key & Peele.  On the show, he and his co-star Keegan-Michael Key do various sketches that poke fun of modern day society.  They are seen here below doing a skit aimed to make fun of NFL players who often announce their colleges before a nationally televised game.

At 39 years of age, Jordan Peele is fairly young in terms of his acting career.  He has many promising years ahead of him not only on the TV screen, but also in the director’s chair.  While Jordan Peele’s net worth currently sits at $14 million, it could get a massive boost in the coming years if he decides to take on directing full time.  We have seen first hand the talent he has when it comes to creating shows, but the whole world now can see his ability to create a box office hit.

Often times celebrities are cast into the spotlight whether they like it or not, but Jordan manages to keep a relatively low profile.  He is married to his wife Chelsea and the two have one son together.  The couple secretly eloped back in 2016 away from the cameras.

 

Ways to Save

When it comes to our personal finances, it’s safe to say we’ve all done our fair share of worrying. With bills to pay and mouths to feed, it can seem like saving any of your money is a pipe dream. An impossibility. And, yet, we must. We have the unenviable task of doing the impossible. Or, at least, that’s how it seems. In truth, savings money can be easier than you think. With a healthy does of will power and the right know how, you can secure your financial future. Here are some tips to get you started.

First and Foremost, let’s talk where and when to spend your hard earned money. For starters, consider eliminated or reducing luxury spending. For example, you don’t really need that new video game, so it can wait until it’s one sale, or until you’re in a better financial position. Meanwhile, we all need things like Winter coats and shoes, so these are items worth spending money on. In fact, it might even be worth spending a little extra on these items to ensure quality. After all, you don’t want to end up spending even more from having to replace these items frequently. However, even in this situation, there’s room to save. Here’s a Mackage coupon to help you find a good quality coat and save. Which brings me to my next point…

Coupons and sales are another great way to save. Retailers employ these cost cutting measures frequently in order to entice customers new and old and generally drum up some extra business. That’s why an eagle eyed shopper stands to be able to take home most, if not all, of their shopping at a heavily reduced price. You may have to do your shopping piecemeal in order to maximize savings, but it’s well worth it to save that much money. You’ll also have to remain diligent in order to find thee special offers, so keep your eyes peeled like a jaguar ready to pounce on its unsuspecting prey.

Mistakes to Avoid When Investing

If you’re new to investing, there’s probably quite a bit you still don’t know. While experience is the best teacher, you may be able to avoid some common mistakes by following the advise of professional advisors. Looking at some of the worst mistakes new investors can make may help you avoid these common pitfalls.

Disregarding Inflation

In whatever medium you choose to invest, it’s important to account for the inevitable cost of inflation. Your gains over several years should reflect a profit, even after considering the rise in the cost of living, since you invested the initial funds. For instance, you may invest $100,000 in bonds with a 30 year term limit, yielding a net interest of 4%, which you reinvest in more bonds at the same rate. If inflation also rises by 4%, the $311,865 you have made isn’t any better than what you might have normally saved and that money was tied up in the bonds for those thirty years.

Depending on Margins

Another big mistake new investors make is to essentially use margins as free money to finance their investments. If the investments don’t pan out, the investor is left with the debt of the margin with nothing to show for it. This isn’t much different than financing your investment with a credit card or with car title loans in Orlando. Unless you’re confident in your financial savvy, it’s better to avoid margin investments as much as possible.

Basing Investments on Rumor

Many new investors will throw their funds in on a new business or an established business with a new product just because they have heard people raving about the product. Even in cases where the product sells as well or better than expected, that doesn’t necessarily mean the stock price will see similar gains. Similarly, investment professionals recommending specific stocks on television or the internet is most often just one person’s opinion and you should have more factual information, before risking your funds on that stock. Every investor should do his or her own research.

Diversifying with the Same Risks

Everyone has heard of the importance of diversifying, but this is more than merely putting your eggs in different baskets. If all of your investments share the same levels of risk, you’re defeating the purpose of diversifying. Instead, look for investments with better risk profiles. This may mean investing in precious metals, as well as stocks, or buying bonds to add to your portfolio.

Invest, Don’t Gamble

Investing should be viewed as a long-term commitment and one for which you develop a sound plan to maximize your earnings over several years. If you’re trying to buy individual stocks on the premise that you expect a big return on one or two, you might be better off taking your money to the casino. Investing isn’t the same as gambling and even past stock performances can’t indicate a sudden increase that will lead to a personal windfall. Instead, research your investments and consider consulting a professional advisor to help you develop a promising investment strategy.

Investing can help you save for the future and ensure financial security, but only when approached with a good strategy and the patience required for a long-term plan. By taking the time to learn about your investments ahead of time, you can avoid making mistakes that could cost you your funds. If you’re uncertain or confused about investing principles, you may want to enroll in an investing course or consult a professional advisor, before putting your savings at risk unnecessarily.

Jimmy Garoppolo’s Net Worth

In professional sports, salaries keep going up and up each and every year.  Whether it’s in the NBA, MLB, NHL or NFL, professional teams are making their athletes richer than ever before.  Jimmy Garoppolo is now the newest recipient to join this club thanks to his most recent contract.  Jimmy had been a long time backup to future hall of famer Tom Brady, but during the 2017 NFL season, he got traded to the San Francisco 49ers.  Once being traded to San Francisco, Jimmy helped lead the team to five straight victories to finish the season.  The momentum the team finished the season with was enough for them to extend him the highest valued contract in NFL history to its point.  Jimmy Garoppolo’s net worth currently sits at $1.5 million.

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San Francisco Quarterback Jimmy Garoppolo

 

 

 

 

 

 

 

 

To say Jimmy’s new contract is massive is an understatement.  The contract is valued at $137.5 million over five years.  This comes out to an average annual salary of $27.5 million per season.  So if Jimmy just signed this large contract, why is his net worth just north of $1 million?  That is because he has been living off his initial contract he signed when he got drafted in the second round by the New England Patriots.  Jimmy’s first contract was for $3.5 million over four years.  However, just after one full season with the 49ers, we can expect Jimmy Garoppolo’s net worth to jump to a staggering $15 million.  This is because his new contract includes a $35 million signing bonus that he will receive once his contract takes effect.

Garoppolo played in six games for the 49ers during the past season.  Although his numbers weren’t impressive statistically, the winning nature he brought to the organization is what ultimately scored him his big deal.  He threw for seven touchdowns and five interceptions over the stretch, but led the team to three wins over playoff contenders.  It was clear that Jimmy was ready for his time to shine.  He spent the first nearly four years of his NFL career playing in a backup quarterback role for the New England Patriots.  The most action he saw during any season came in 2016 when he filled in while Tom Brady was serving his suspension.  Drafted 62nd overall in the 2014 NFL draft, many believed that Jimmy was destined to be Brady’s replacement when he retired; however, that time never came.

The way Jimmy’s current contract is structured gives San Francisco the option to cut ties with the up and coming QB after three seasons if things don’t pan out.  Garoppolo’s contract has over $74 million dollars of guaranteed money.  If he is able to complete all five years on his contract, we can expect Jimmy Garoppolo’s net worth to increase to nearly $50 million.  With so much money, one has to wonder, will Jimmy be budgeting the way he used to?

Budget Smart, Invest Wise

 

 

4 Ways to Save on Valentine’s Day

February 14th, a day of love that comes around once a year.  It’s a time to celebrate the love of your life, or in your life, but the celebration of that person can sometimes get quite expensive.  There’s flowers, chocolates, stuffed animals, dinner, gifts, etc.  Add them all up and a random Wednesday can easily turn into a $250 event.  Listed below are 4 ways to save on Valentine’s Day.

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4 Ways to Save on Valentine’s Day

Go To Dinner A Day Other Than Valentine’s Day

Many couples prefer to go out to eat for Valentine’s Day, but most of your nicer restaurants tend to have set menus that often carry a high price tag.  Try celebrating at your favorite restaurant the day before or after.  You can usually order from the regular menu and avoid the preset and inflated Valentine’s menu.  Valentine’s Day this year happens to fall on Ash Wednesday.  Many couples will decide to celebrate the day after due to the start of Lent.

Bring Your Own Bottle of Wine to Dinner

A cheap bottle of wine at a nice restaurant will easily be anywhere from $28 to $35.  See if you can bring your own bottle and pay a corkage fee instead.  Corkage fees tend to be much cheaper than purchasing a bottle from the restaurant, and you can bring the bottle that will go perfectly with your meal.  A nicer $80 bottle at the restaurant will typically sell at a local store for half that.  So in essence, you can drink an $80 bottle with your meal for $40 + corkage fee (~$10).

Send Flowers Differently

Waiting until the last minute to order flowers can be a costly mistake.  Local and national flower company’s often raise the price of delivery the closer it gets to the date you want it to deliver.  They also charge additional money to get them not only delivered on Valentine’s Day, but early during the day.  Instead, opt to have the flowers delivered to the office of a loved one a day early.  By doing that, the flowers can be present for the entirety of Valentine’s Day and you will avoid additional charges.

Order Gifts Ahead of Time

As like any other holiday, planning can be the key to saving money.  Ordering gifts early can help you not only save on shipping but also gives you time to find the best deal.  Some companies will offer free two day shipping just before major holidays, but often times won’t accept other promotional codes.  Additional charges on shipping can also add to your Valentine’s cost.  For example, a friend recently had to pay an extra $9 for two day shipping where it could have been for free had he planned a week earlier.

Conclusion

Whether you are celebrating Valentine’s Day or not, the holiday is one that many people love, or dread, each year.  If you are celebrating, then I hope you are able to use these 4 ways to save on Valentine’s day to put a little extra money in your pocket at the end of it.

Budget Smart, Invest Wise

 

Kawhi Leonard’s Net Worth

When it comes to great NBA teams, the San Antonio Spurs are often included in that list.  The Spurs are consistently among the top teams in the Western Conference year in and year out.  They have made 20 straight playoff appearances and have won five NBA Championships during that time.  A great part of their success is their head coach, Gregg Popovich, but top players have helped contribute throughout the years.  One of the top players on their current team is Kawhi Leonard.  Prior to this season, Leonard had led the Spurs in scoring the past three seasons; however, injuries have plagued the star this year.  The 26 year old should be able to return before the end of the season.  If he does, the Spurs have another great shot of going deep in the playoffs.  Kawhi Leonard’s net worth currently sits at $20 million.

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Spurs’ Star Kawhi Leonard

A first round selection in the 2011 NBA draft, Leonard has spent the entirety of his career in a Spurs uniform after being drafted by the Pacers.  Currently in his seventh NBA season, Kawhi has been steadily improving his stats each and every year.  Last season he averaged a career high 25.5 points per game.  Because of his stellar play, Kawhi is more than deserving of his current NBA contract which is worth over $94 million for five years.  This massive contract has helped give rise to Kawhi Leonard’s net worth.  Currently in year three of five for his contract, Leonard’s contract includes a fifth year player option worth over $21 million for the season.  Chances are he will decline this fifth year option.  What this will allow him to do is instead is to be able to sign an even larger and potentially longer contract.  If Kawhi does decide to play out the remaining two years of his contract after this season, we can expect Kawhi’s net worth to double to $40 million.

It tends to be very easy to assess a player’s offensive ability; however, Leonard is known for his defensive prowess as well.  He has received the Defensive Player of the Year award twice and has been named to the NBA All-Defensive team four times in his short career.  He also helped lead San Antonio to an NBA Championship during the 2013-2014 NBA season and was named the Finals MVP for his performance.

The 2017-2018 season has been a rough one for Leonard thus far.  He has only played in a total of nine games and will miss many more.  He is expected to return to play before the end of the season due to a thigh injury he has been battling.  The Spurs currently sit in third place in the NBA West and should be able to make their 21st straight playoff appearance.  Fortunately, it appears that Kawhi will be able to join them and try to lead them to another NBA Championship.

Super Bowl Party on a Budget

We have officially arrived at Super Bowl week.  The game, which is on Sunday, February 4th, features the Philadelphia Eagles and the New England Patriots.  Super Bowl LII is sure to be an exciting affair.  The two teams previously met in Super Bowl XXXIX back in 2005 where the Patriots were victorious.  With all the hype surrounding the Super Bowl, there are bound to be numerous parties all over to celebrate the big game.  Some will go to their local bar to watch it, some will go to house parties to watch it, and others will be hosting a party to view it.  So if you are in a hosting position, what’s the best way to go about it?  Below are three ways to host a Super Bowl party on a budget.

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Super Bowl LII

Alcoholic Beverages/Drinks

A Super Bowl party on a budget isn’t complete without drinks, more specifically, beer.  While purchasing beer for the entire party might be a little costly, there are some ways around it.  A 24 pack of Bud Light or Coors Light should be sufficient for the party as long as you encourage your party guests to bring their own beverages of choice.  Bud Light and Coors Light scream SUPER BOWL, especially with Budweiser’s ties to past Super Bowl commercials.  You can also go spend about $8 or so on a number of two liter sodas.  Ultimately you should be able to purchase a plentiful amount of beer and sodas for your party for around $30.

Food and Snacks

Chips and salsa are a staple of any Super Bowl party as well, but won’t be sufficient to feed all of your guests.  That’s why you should encourage your guests to bring a small dish.  If most bring a small dish, then you will have more than enough food to supply all hungry appetites.  As a host, you yourself should cook a dish or provide some ample amount of food like pizza.  Many national pizza chains run specials around the big game.  Just make sure you order ahead of time and try to carryout beforehand if possible.  All in all you can purchase about three medium sized pizzas and chips and salsa for around $25.

Cups, Plates, Etc.

You are more than welcomed to use your fine china, but disposable cups and plates are the easiest way to go when it comes to hosting a Super Bowl party on a budget.  You can buy all of the necessary items, cups, plates, and utensils for around $10 for the whole party.  The best part is that when it comes to cleaning up after the big game all you have to do is toss everything in the trash.

Final Thoughts

Hosting a Super Bowl party is a time honored tradition, almost as important as the game itself.  Whether your team is playing or not, these simple tips above can ensure that you and your guests have a wonderful time watching the game, the commercials and all that comes with Super Bowl Sunday.

Budget Smart, Invest Wise