Billionaires on TV series

The "one-percenter-tv-shows-illustration" drawing above is so cool that I had to made a post just about it. The golf-playing empire builder fighting with his socialite wife while the wastrel trust fund son is dead-drunk in the pool.

Since you should all know how much I love MONEY. I also love to watch TV series about Money, at least about the lifestyle of extremely wealthy (actual and fictional) empire builders. So I can get some inspiration, motivation, and to some extent, I can better myself at the same time.

After all displays of "extreme wealth and power" are by very far the best escapism you can ever get! These series are here to make us dream and entertain us. Yes, the filthy rich have issues and problems too, just like everyone. Just like Notorious B.I.G. would sing "Mo Money Mo Problems".

Here below are the TV series listed in the article "New Wave of TV Shows Lets Viewers Watch the Rich Get Their Just Deserts" written by Daniel D'Addario.

• Billions
• Succession
• The Righteous Gemstones
• Big Little Lies
• The Loudest Voice
• What/If
• Dynasty (the original)
• Dynasty (the reboot)
• Gossip Girl

And yes, the protagonists and antagonists are mostly sociopaths. In fact, you don't build and keep a fortune and an empire by being naive and soft. Just as you can't fight them without being cunning and ruthless.

Reality Check:
UHNWI instead of one-percenter.

To be among the top 1 percent of U.S. earners, a family needs a MINIMUM income of $421,926. While the AVERAGE income of the top 1 percent nationwide is $1.32 million. The bottom 99 percent, on the other hand, earn an average of $50,107 a year.

Meanwhile the top 1% net worth per household would be $10,374,030.10 in United States. Which is far least than the "enormous wealth" depicted in the above TV shows. However, the top 0.10% household net worth is $43,090,281.00.

To give you an idea, in "The Loudest Voice" the real-life Roger Ailes net worth was $100 Million. While Bobby Axelrod (Billions) and Logan Roy (Succession) are Billionaires. So it put them all above the top 0.10 percenter.

So the Ultra-high-net-worth individuals (UHNWI) are defined as having a net worth of at least US$30 million in constant 2018 dollars. It is the wealth segment above very-high-net-worth individuals (>$5 million) and high-net-worth-individuals (>$1 million). Although they constitute only 0.003% of the world’s population (less than 1 in 33,000), they hold 13% of the world's total wealth.

Now it seem that the point of my article was to categorize the financial status of our favorite TV series' rich folks. Mission accomplished!




Sources and related links:
https://variety.com/2019/tv/features/rich-on-tv-big-little-lies-dynasty-succession-1203271159/

https://mymoneywizard.com/high-net-worth-individual-definition-statistics/
https://www.cnbc.com/2018/07/27/how-much-you-have-to-earn-to-be-in-the-top-1percent-in-every-us-state.html
https://www.cnbc.com/2018/07/19/what-you-have-to-earn-to-be-in-the-1-percent-in-america.html
https://dqydj.com/top-one-percent-united-states/
https://en.wikipedia.org/wiki/Ultra_high-net-worth_individual

Health & Wealth

What does the 1% do with their time compared to the 99%?

The best answer to this One Million Dollar question on Quora.com

Hector Quintanilla, Dont only work hard, work smart

Answered Dec 9

• The 1% spend time reading.
• 99% spend time watching TV or Social Media.
• The 1% are focused on strategy.
• The 99% are focused on skills.
• The 1% focus their time on producing.
• The 99% focus their time on consuming.
• The 1% focus their time on selling.
• The 99% focus their time on buying.
• The 1% spend time being educated.
• The 99% spend time being indoctrinated.
• The 1% spend time socializing to network.
• The 99% spend time socializing for leisure.
• The 1% spend time hiring people.
• The 99% spend time working for people.
• The 1% focus on developing soft skills.
• The 99% focus on technical skills.
• The 1% focus on standing out.
• The 99% focus on fitting in.
• The 1% invest their time.
• The 99% sell their time.
• The 1% focuses on investing their money.
• The 99% focuses on spending their money.
• The 1% focus on investing money.
• The 99% focus on saving money.
• The 1% focus on their business.
• The 99% focus on other people’s businesses.
• Here a related answer: How can I become rich?
• Its a different mindset!

Direct link: https://www.quora.com/What-does-the-1-do-with-their-time-compared-to-the-99

Libertarian or Anarchist? It depend of your bank account.

Brought to you by

PYGOD.COM

A Rich borrows from an homeless poor

When a pirate becomes a prince...

When you're poor... When you're Rich

Reality of Love Relationship

In order: 

Gentleman Beta Good Guy wants the Good Girl

Good Girl wants the Douchebag Bad Boy Player

Douchebag Bad Boy Player wants the Hot Bimbo Whore

Hot Bimbo Whore wants the Rich Guy

Results:

Good Girl ends up with the Douchebag Bad Boy Player

Hot Bimbo Whore ends up with the Rich Guy

Gentleman Beta Good Guy ends up lonely.

Moral of the story:

Do not act like a gentleman with women.

Good guys always finish last.

Aim to be the Rich Guy

Rich is better than poor

How can an athlete evade taxes?

How can an athlete evade taxes? Find out in an offshore adventure!

Welcome to the secret world of offshore. Your goal is to navigate this parallel universe and hide your cash away. Don’t worry! Lawyers, wealth managers and bankers are there to help you.


Juan Penalti
Soccer Player

You’re a soccer star!

It’s 2001. You are a famous international soccer player. Congratulations! Your agent negotiates a $5 million image rights sponsorship contract with a global fashion and sportswear brand. Instead of paying $2 million in taxes on the deal, you want to hide this money from the tax collector.

Open a bank account in Switzerland

Create an offshore company

Smart move – all the better to hide your money… Your bank registers the company SUNNY HEAVEN LTD in the British Virgin Islands (BVI). Your new bank account will be in the name of Sunny Heaven Ltd, instead of your name.

To keep your identity secret, you are advised to name a friend or employ a nominee as the shareholder of the company. Or, you could try to keep the company ownership completely anonymous by using bearer shares.

Pick a

nominee shareholder

Register

bearer shares

With bearer shares, your name won’t appear anywhere. The shares will be owned by whoever physically holds them.

But in 2004, the British Virgin Islands passes the BVI Companies Act, which outlaws anonymous bearer shares.

Your lawyer advises you to change jurisdiction or opt for a nominee shareholder instead.

Pick a nominee

Go to another jurisdiction

The company that supplied you with Sunny Heaven Ltd provides you with a nominee shareholder whose name will appear on the company’s public documents.

But the bank wants to know the identity of the ultimate beneficial owner of the Sunny Heaven Ltd account for their own records. The bank asks for a copy of your passport.

Hand over a copy of your passport

Pick a nominee

You win.

A British citizen in Panama will act as the beneficial owner, also known as natural person nominee, of your company. This will cost more than $15,000 a year, but keeps your tax liability hidden from authorities … for now.

With the money you saved, you buy yourself a sleek Bugatti yacht. It’s time to relax.

Play with another character

Source: https://panamapapers.icij.org/stairway_tax_heaven_game/

Fifty Shades of Grey reality

Bill Gates view on Fortune

Jacob Fugger the Rich worlds richest man

Was the first documented millionaire weighting $75 Million in sixteenth century dollar and by the time of his death in 1525 had a fortune equaling "just under 2 percent of European economic output". Todays GDP (Gross Domestic Product) of the European Union is USD $18.5 Trillion. Which mean that his net worth would be the equivalent of nearly $370 Billion in 2014.

He was richer than Warren Buffet, Bill Gates, Rockefeller, and Croesus.


Jakob Fugger of the Lily (6 March 1459 – 30 December 1525), also known as Jakob Fugger the Rich or sometimes Jakob II, was a major merchant, mining entrepreneur and banker of Europe. He was a descendant of the Fugger merchant family located in the Free Imperial City of Augsburg, where he was also born and later also elevated through marriage to Grand Burgher of Augsburg. Within a few decades he expanded the family firm to a business operating in all of Europe. 


“Divide your fortune into four equal parts: stocks, real estate, bonds and gold coins. Be prepared to lose on one of them most of the time. During inflation, you will lose on bonds and win on gold and real estate; during deflation, you lose on real estate and win on bonds, while your stocks will see you through both periods, though in a mixed fashion. Whenever performance differences cause a major imbalance, rebalance your fortunes back to the four equal parts.” – Jacob Fugger the Rich, 1459-1525

Financial assets (stocks and bonds)
Real assets (gold and real estate)



sources:
https://en.wikipedia.org/wiki/Jakob_Fugger
http://nypost.com/2015/07/26/meet-historys-richest-man-who-changed-christianity/
http://www.beardbooks.com/beardbooks/jacob_fugger_the_rich.html
http://www.stuff.co.nz/business/money/71054829/money-tips-from-jacob-fugger-the-richest-man-in-history
Invest like the Fuggers
http://www.ci.com/perspective/pdf/sterling/200509.pdf

Kid Rock $ucce$$ with Women

Rockstar Kid Rock married sex-symbol
Pamela Anderson

"My success with women picked up around the 14 millionth record I sold. I know what it was about – I don’t exactly look like Brad Pitt."
                                                     -- Kid Rock

Millionaire redneck Kid Rock
with PGA golf pro John Daly

"I’m not just wealthy, I’m loaded. I can say that because I’m not embarrassed – I’ve made a fuck-ton of money, but I’ve never made a dishonest dollar. I try to do right by the people around me."
                                                     -- Kid Rock

Source: http://www.theguardian.com/music/2015/jan/03/kid-rock-this-much-i-know

Rich vs poor people mindset

Broke People Vs Billionaires clothing

Comfort above protocol dress

Michael Jordan is 52-years-old (and a billionaire) and decided to wear ripped jeans to the Chicago Blackhawks game 7 victory celebration.
He is a Billionaire and doesn't give a damn about what you might say.

Related links:

https://www.quora.com/Why-do-many-billionaires-not-dress-very-well

Dan Bilzerian about being classy

'When I was a kid I never wanted to be classy, I just wanted to be rich.'  -  Dan Bilzerian

So do I.

Read more: http://www.dailymail.co.uk/news/article-2517103/Instagrams-playboy-king-Dan-Bilzerians-exploits-cash-cars-girls-guns.html#ixzz3wa8nvNaQ 
Follow us: @MailOnline on Twitter | DailyMail on Facebook

Sleeping habits of the Rich and famous

Donald Trump, Vince McMahon, Fidel Castro, and Gregory Charles all sleep between 3 and 4 hours a day. 

Do you really need to not-sleep to be highly successful and productive?

The no-sleeping habits of $ucce$$ful people.
http://www.dailymail.co.uk/sciencetech/article-2957549/Sleep-like-genius-Infographic-reveals-bizarre-snoozing-habits-world-s-successful-people.html

http://www.entrepreneur.com/article/243275
http://www.youmotivation.com/inspirational-articles/10-successful-people-who-dont-sleep-much-4466


You snooze, you lose? Not for everyone!

http://thebrainbank.scienceblog.com/2013/01/14/the-science-of-sleep-you-snooze-you-lose/

http://www.bodybuilding.com/fun/you-snooze-you-win-7-useful-sleep-tips.html

Billionaire Gambler mission

Are you dreaming about being BILLIONAIRE but couldn't find the suitable way? You have the capital but you don't know where to invest? Want to be a BILLIONAIRE with less effort? 

We are the science of getting rich. It was never so easy before. We provide the easiest and proven methods of getting rich with less effort. 

We are the answers of your questions. We can guide you with our 'SURE SUCCESS' methods. 

http://www.BillionaireGambler.com/

https://www.facebook.com/BillionaireGambler

https://twitter.com/BillionGamble

https://www.pinterest.com/BillionGambler/

https://www.linkedin.com/in/billionairegambler

Jesse Livermore

Jesse Livermore

Stock Operator Extraordinaire

Born in 1877 and died in 1940, Jesse Livermore is the greatest trader / speculator who ever lived.  At his peak in 1929, Jesse Livermore was worth more than $100 millions.  He would have been richer than Bill Gates in today's money.  An unseen feat for a self-taugh / self-made stock and commodities trader who ONLY TRADED HIS OWN MONEY, not Other People Money like today investment's superstars who heads investment banks and hedge funds..  With Bernard Baruch, he was one of the original trend followers.

Loner, individualist, suffering from severe episodes of depression, probably bipolar disorders who eventually took his life, Jesse Livermore made and lost four colossal fortunes during his lifetime.  Make two of his fortunes during stock market crashes periods, in 1907 and 1929, short-selling stocks.  Which earned him $3 millions in 1907 and $100 millions in 1929.  While everyone was losing their shirt, the astute Jesse Livermore was on top of the world!

Unlike the miser Warren Buffett, Livermore was living the life.  At his peak, he owned a series of mansions in several countries, each fully staffed with about 20 or 25 servants year-round, a fleet of limousines and several Rolls Royce cars (my favorites), lot of chauffeurs, yatchs, and regularly threw lavish parties.

The second best book you can get! 

Jesse Livermore also had a ticker tape in every home that he owned, on his railway cars, on his yachts.

Jesse Livermore the womanizer

His affinity for hot gals cost him a lot of money.

The favorite book of Jesse Livermore 

and Bernard Baruch, another legendary trader.

Another one of Livermore's favorite book.

The 3 things that made him an extraordinary trader

- His love of numbers
- Determination to educate himself 
- Being a keen observer.

Now, here are some investment wisdoms from Jesse Livermore. 

- Emotional control (crucial and vital for any trader and gambler)

- Knowledge of economics and fondamentals
- Trade with the trends (Buy in a bull market and short in a bear market)
- Don't trade when there is no clear opportunities.
- Patience.  Let your profits run.
- Trade the leading stocks in each sector.
- Don't average down a losing position.
- Add to winning positions.
And in my view, the most important...
- CUT YOUR LOSSES SHORT (ALWAYS USE A STOP-LOSS POSITION losing no more than 10%.
- Experience.  Learn from your mistakes.

"Wall Street never changes, the pockets change, the suckers change, the stocks change, but Wall Street never changes, because human nature never changes."  - Jesse Livermore

"Successful traders always follow the line of least resistance. Follow the trend. The trend is your friend." - Jesse Livermore

"It never was my thinking that made the big money for me. It always was my sitting." - Jesse Livermore