@FrontOfficeSports Definitely dollar-wise but that was the one that really got him started. If I remember correctly, he bought a radio station which was sitting on a bunch of vacant land. He managed to sell the vacant land for the initial purchase price. In essence, he got the radio station for free. He even tried to get his teammates in on the deal but they passed on it. Between that and talking to the team owner about business, the business seed was planted
The thing to me is, if you invest and have other income outside of dividends then you will be able to live off dividends without selling. Which means you can pass that on to your kids which will give them a leg up in life. $40k dividends received in 2022.
I agree! That's why it is advisable that you have to invest while you still have a regular job or earning a regular income, and do it constantly. You still need to have something that will keep you going even if you're investing. Good financial planning and money allocation is the key.
His best business move was hanging around Jerry Buss. Learning by being around smart business people on someone else’s dime. His formula was different than Buss, but he had time to think & plan.
In the Los Angeles area, I believe he sold his interest in the TGIF restaurant (Ladera Heights), Magic Theater (now Cinemark in the Baldwin-Crenshaw Shopping District), and others to maximize his investment power. I had notice the mentioned businesses no longer have his name on it. Regardless, he is part of a growing trend, and a good one, for athletes and artists to expand their portfolio and break the trend of being broke outside of the limelight. I would like to see spotlighted like Simone Biles or rookies like Caleb Williams who I have heard starting his investment journey, so it would an interesting look.
Magic Johnson's biggest business move was very early on in his career, when he changed his mindset, from being a consumer to be become a producer, an owner, and to learn about investing. It is all about a particular mindset and actions related to furthering that end.
Can’t agree less. Mindset is crucial cos it could make you frugal and help you save to invest cos Warren buffet makes a lot of investment cos there is cash for it
I've been an investor in Apple, gold, housing market as well, because I strongly believe in them. I've always believed in the stock, but now I don't know if to re-distribute my portfolio and put some money in Nvidia or Tesla . especially now that we are experiencing a market correction.
Both stocks have a long term potential, The most important thing is the ratio of the distribution based on the financials of each company. There are many other companies that are also doing well. You could just hire a financial advisor to guide you. A financial advisor really does help me do the distribution even between different asset classes. I don't even understand technical financial terms much. I just know I make really good profit, and I don't have to stress myself a lot.
I've got similar problems and I have also considered using an FA but I don't know how to go about it. Please, what are the steps for getting one? Like a really good one.
This was a very educational video. It shows what athletes can achieve by investing their money. Also the Brand as Athletes seem to have played a small role in Magic's investment success, which reinforces his advice to Shaq. Building and Creating is much more profitable than Working, Athletes are glorified workers at the end of the day. Investing in itself is putting energy into a creation.
Greatest Change in Washington was OWNERSHIP. Josh Harris brought a perfect peace and love that the fans felt when Jack Kent Cooke was here. I hope Mr. Harris magic leads us to several Super Bowl wins.
Loved him as a player, not so much now , he is a bit cocky now , he invests , cool , but be real his wealth is speculated ( bubbled) and he is used for his name by the real money as front man . Years ago people were raving he bought the dodgers, not so.
there's more than 4 billionaire athletes, though... Ronaldo, Messi, Federer, Mayweather, Le Bron. Both Messi and Ronaldo are believed to have a higher than Magic as well
@@runnerboy999 Messi, Ronaldo, Federer, and Mayweather are all close but have not been valued as billionaires yet. Those first three are likely the next three though!
Magic Johnson turned his fame into fortune, but what do you think of his investment strategy? He’s made millions, but some of his ventures didn’t succeed either.
I think the Starbucks move because it opened a bigger market for both MJ and Starbucks. Hell if he didn't turn down Nike back in 80-81 that would've been his best move. He would've been a billionaire a long time ago.
How in the hell did you forget SodexoMagic👀? That’s one of his biggest investment that made him a billionaire, the food service and concessions company for colleges and universities, stadiums, etc. Who is your editor📚? You’re trying to look all cute and smart on camera and forgot this very important milestone that even Forbes mentioned as why magic is a Billionaire 👀🏀💰🙏🏿.
Just show that outperforming s&p 500 is almost impossible, according to forbes his net worth currently 1.2B$ , its definitely lot of money but if he invested that 40M$ to s&p 500 he would worth around 1.05B$ PASSİVELY. His 33 year average return was 10.85% while s&p returned 10.6% , if forbes estimate is right he basically wasted 33 year for nothing.
Who should we spotlight next?
Shaq
Reggie Jackson
Alex Rodríguez
Conor Mcgregor
The Rapper NAS, Rick Ross, Floyd Mayweather. Also include anyone that we typically would NOT know was making strategic investment moves.
His best business move was his initial one when he bought all those radio stations in the 80s- that was smart and forward thinking.
Better than flipping 100 Starbucks locations???
@FrontOfficeSports Definitely dollar-wise but that was the one that really got him started. If I remember correctly, he bought a radio station which was sitting on a bunch of vacant land. He managed to sell the vacant land for the initial purchase price. In essence, he got the radio station for free. He even tried to get his teammates in on the deal but they passed on it. Between that and talking to the team owner about business, the business seed was planted
@@jay3492 most nonsense business m0ve, where you hear that from?
He probably has a finacial manager who manage his private equity
The thing to me is, if you invest and have other income outside of dividends then you will be able to live off dividends without selling. Which means you can pass that on to your kids which will give them a leg up in life. $40k dividends received in 2022.
I agree! That's why it is advisable that you have to invest while you still have a regular job or earning a regular income, and do it constantly. You still need to have something that will keep you going even if you're investing. Good financial planning and money allocation is the key.
His best business move was hanging around Jerry Buss. Learning by being around smart business people on someone else’s dime. His formula was different than Buss, but he had time to think & plan.
I really appreciate that Magic invests in communities and creates jobs for the people.
In the Los Angeles area, I believe he sold his interest in the TGIF restaurant (Ladera Heights), Magic Theater (now Cinemark in the Baldwin-Crenshaw Shopping District), and others to maximize his investment power. I had notice the mentioned businesses no longer have his name on it. Regardless, he is part of a growing trend, and a good one, for athletes and artists to expand their portfolio and break the trend of being broke outside of the limelight. I would like to see spotlighted like Simone Biles or rookies like Caleb Williams who I have heard starting his investment journey, so it would an interesting look.
Great suggestions!
The magic is not stopping !!!
I'm taking notes, and I need to change my ways of thinking.
Yeah but you also need to have Magic’s celebrity status that has helped him make all that money.
@@darinheight6293 or maybe some good skills and savings as well
@@darinheight6293 Nobody talks about this
Cohesive and insightful.
Magic Johnson's biggest business move was very early on in his career, when he changed his mindset, from being a consumer to be become a producer, an owner, and to learn about investing. It is all about a particular mindset and actions related to furthering that end.
Can’t agree less. Mindset is crucial cos it could make you frugal and help you save to invest cos Warren buffet makes a lot of investment cos there is cash for it
Great video, media and edits look great and very informative!
I've been an investor in Apple, gold, housing market as well, because I strongly believe in them. I've always believed in the stock, but now I don't know if to re-distribute my portfolio and put some money in Nvidia or Tesla . especially now that we are experiencing a market correction.
Both stocks have a long term potential, The most important thing is the ratio of the distribution based on the financials of each company. There are many other companies that are also doing well. You could just hire a financial advisor to guide you. A financial advisor really does help me do the distribution even between different asset classes. I don't even understand technical financial terms much. I just know I make really good profit, and I don't have to stress myself a lot.
I've got similar problems and I have also considered using an FA but I don't know how to go about it. Please, what are the steps for getting one? Like a really good one.
Gabriel alberto william is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.
Thank you for the recommendation. I'll send him an email, and I hope I'm able to reach him and connect.
How's that "correction" going for you? Bot.
This was a very educational video. It shows what athletes can achieve by investing their money. Also the Brand as Athletes seem to have played a small role in Magic's investment success, which reinforces his advice to Shaq.
Building and Creating is much more profitable than Working, Athletes are glorified workers at the end of the day. Investing in itself is putting energy into a creation.
He’s a genius.
Greatest Change in Washington was OWNERSHIP. Josh Harris brought a perfect peace and love that the fans felt when Jack Kent Cooke was here. I hope Mr. Harris magic leads us to several Super Bowl wins.
Quality content.
Great quality
Magic Johnson Star bucks
Best investments Starbucks.AMC Theaters, and LA DODGERS ⚾️
Magicizing should be learned in schools
Very Nice.
His biggest asset is his name (Magic). He was sellable because he was one of a kind, plus he was a winner and a all around nice guy.
The Don Johnson aka Mike Johnson and MTG
never ending..............................
BIG MAGIC
everyone: private equity is destroying this country.
same people: great job managing private investments magic.
Good video.
Who edits your videos?
Mathieu Flamini. You forgot about him
Whats up with the constant beeping sound in the background?
Zio brands. Good luck with that
How to franchise , and thank you❤
His best move was definitely Starbucks
Why didn't he invest in uber or netflix etc.? he's still a billionaire, good for him.
Loved him as a player, not so much now , he is a bit cocky now , he invests , cool , but be real his wealth is speculated ( bubbled) and he is used for his name by the real money as front man . Years ago people were raving he bought the dodgers, not so.
Where does your wealth come from.
Everybody needed somebody whet you like it or not
there's more than 4 billionaire athletes, though... Ronaldo, Messi, Federer, Mayweather, Le Bron. Both Messi and Ronaldo are believed to have a higher than Magic as well
@@runnerboy999 Messi, Ronaldo, Federer, and Mayweather are all close but have not been valued as billionaires yet.
Those first three are likely the next three though!
@@FrontOfficeSports y not mayweather
@@FrontOfficeSports I present to you Mathieu Flamini....worth more than the 4 you mentioned combined.
I ain't know magic had money in bama 😂💪🏾
77-AW
Tht son of his.😅🙅🏾🤦🏾
Why is he on your mind? You want him to yourself?
@@spps1297 ummm.. no... "my thoughts were, how could someone be so rich,yet dress so Tacky.🤔🤷🏾♂️ thts it..
I can make money better than I can hit a free-throw 😂
MAGIC JOHNSON'S "BEST" BUSINESS DEAL ... WAS "GOING INTO BUSINESS"
(AFTER 🏀).
If you start with 0$ its hard to
Goals
💰💰💰
Player gave more money than the owner. Same time fans have less money and more more poor
Magic Johnson turned his fame into fortune, but what do you think of his investment strategy? He’s made millions, but some of his ventures didn’t succeed either.
Adrian dantley is the first richest
It's called crony capitalism it's easy when your connected to make money
lol, just put in NASDAQ ETF and make 42x in that time , the dude underperformed the market
The Dodgers
Its not special he depends on the name if anything happens he is a renter not owner just watch its special when you own it
I think the Starbucks move because it opened a bigger market for both MJ and Starbucks. Hell if he didn't turn down Nike back in 80-81 that would've been his best move. He would've been a billionaire a long time ago.
Thing was, Magic and Bird were loyal to Converse, and I wore Magic's shoes as a kid.
Any Winning Time audience here?
Just 3 decades?
And from 0 to $40M?
His career earnings with the Lakers
How in the hell did you forget SodexoMagic👀? That’s one of his biggest investment that made him a billionaire, the food service and concessions company for colleges and universities, stadiums, etc. Who is your editor📚? You’re trying to look all cute and smart on camera and forgot this very important milestone that even Forbes mentioned as why magic is a Billionaire 👀🏀💰🙏🏿.
Isn’t Mayweather a billionaire also?
No
@@HovitoBaby Yes
@@lord-vastnot even close, if he was a billionaire he wouldn’t still be fighting
Yall copied Simon Squibb lol
Why is he still alive?? Others with HIV will have died most likely.
😂😂😂😂###MAGIC####JOHNSON ####NOT####PLAYING####BASKETBALL ANYMORE###PLAYING####BILLIONS###FRANCHISE SESS😮😮😮😮
So he brings white franchises to black neighborhoods and invests w/ old white guys in sports teams ?! So diverse!
Just show that outperforming s&p 500 is almost impossible, according to forbes his net worth currently 1.2B$ , its definitely lot of money but if he invested that 40M$ to s&p 500 he would worth around 1.05B$ PASSİVELY. His 33 year average return was 10.85% while s&p returned 10.6% , if forbes estimate is right he basically wasted 33 year for nothing.
he used his name n fame
you mean america
Messi and Ronaldo are billionaire
Not yet...they only grossing a billion dollar career earnings.. net worth and career earnings are two different things.
🪄
Bro got AID's , I am beginning to think its Financial AIDS.. not HIV
Hes not tje richest athleet its the guy quit basketball
Lol... If only he saw how much he would have made if he made the Nike deal
mfana ohlaza
th-cam.com/video/YnQqRCiJsuw/w-d-xo.htmlsi=4QxSLW3eHm6dcLfo