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Financial Freedom, Financial Independence, Investing, Wealth

How Buying Super Bowl Tickets Could Cost You $2 Million Dollars

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American, Football, Sport, Game

I like sports. Watching sports. Playing sports. It’s great exercise and a way to encourage team building, leadership, and character.

However, going to an actual sporting event is a whole other matter entirely. I did some research and found out that regularly going to sporting events can make you BROKE!

Going to see your favorite sports team could put your bank account on empty faster than a housewife with all-access to your credit cards!

I’m not talking $50 tickets here. Oh no. We are talking thousand of dollars to watch Brady, LeBron, and Bryce Harper do what they do best live and in person. It will cost you.

This year’s Super Bowl is coming up on Sunday and if you want to get into the stadium, you better be prepared to give up a couple mortgage payments.

Here is everything you need to know about the upcoming Super Bowl and how it can really cost you $2 million bucks!

EVERYTHING YOU NEED TO KNOW ABOUT SUPER BOWL LIV

Super Bowl LIV: San Francisco 49ers vs. Kansas City Chiefs Hard Rock Stadium – Miami Gardens, FL on Sun Feb 2 at 630 PM. 347 Don Shula Drive Miami Gardens, FL 33056

After doing some research on Super Bowl ticket pricing, I found a comprehensive listing of the event on vividseats.com. This information comes straight from their website.

Super Bowl Ticket Information

Your Super Bowl tickets are available at Vivid Seats – the football fan’s top destination for tickets to the biggest game in American sports. Buy Super Bowl 54 tickets for the grand finale taking place on Feb. 2, 2020 at Hard Rock Stadium, home of the Miami Dolphins. Vivid Seats has long been a trusted partner of football fans attending the NFL’s marquee game. Featuring an industry-best customer service center and flexible delivery methods, you can rely on our ticket marketplace as your hassle-free connection to great Super Bowl 2020 tickets. Call 866.827.7094 for personalized order assistance today with Super Bowl LIV tickets today.

Super Bowl Ticket Prices 2020

How Much Are Super Bowl Tickets for 2020?
No matter what you’re looking to spend, Vivid Seats has Super Bowl 2020 tickets to fit your budget. Super Bowl tickets cost $7655 this year on average.

How much is a Super Bowl ticket for 2020?
At Vivid Seats, we have tickets to the 2020 Super Bowl starting at $4815 with an average price of $7655.

Cheapest Super Bowl Tickets
While even cheap 2020 Super Bowl tickets are going to be more expensive than most NFL games, there are still great deals to be found. Prices will fluctuate based on many factors such as inventory and demand, so be sure to get your cheap Super Bowl tickets before it’s too late! The cheapest Super Bowl tickets cost $4815.

How do you get tickets to the Super Bowl?
Snagging tickets to the Super Bowl can be tricky, but at Vivid Seats, we make it easy to find your perfect tickets to the 2020 Super Bowl. Browse our wide selection of Super Bowl tickets today!

Who is performing at the Super Bowl 2020 halftime show?
On Sept. 26, the NFL announced that Jennifer Lopez (JLo) and Shakira would perform at the Super Bowl 54 halftime show. Demi Lovato will sing the national anthem.

When Is the Super Bowl?
Super Bowl 54 will take place on Sunday, February 2, 2020.

Future Super Bowl Locations
Super Bowl 2021: Tampa, Fla.
Super Bowl 2022: Inglewood, Calif.
Super Bowl 2023: Glendale, Ariz.
Super Bowl 2024: New Orleans

Super Bowl 2020 Parties
Super Bowl 2020 Parties include the Bud Light Super Bowl Music Fest and the Rolling Stone Super Bowl Party.

YOU HAVE TO PAY THE COST TO BE THE BOSS OR SIT NEAR THEM

What really jumped out at me was the average ticket price of $7,655. This is an insane amount of money to spend on one day for a few hours of entertainment. I would rather invest that money.

Matter of fact, I could invest in all the companies that are sponsoring the Super Bowl such as Frito Lay, Bud-light, Live Nation, Ticketmaster, Delta Airlines, Marriott Hotel, and Fox. All these companies have a stake in the game and are making a mint off all those SB parties and tailgating. Let me get in on the action too!  

According to Marketwatch, tickets purchased through Ticketmaster LYV, -2.30%, the official ticketing partner of the NFL, is higher than any other year in the past six years, the company said Tuesday.

TICKET PRICES ON ALL THE MAJOR TICKETING SITES

It would be safe to say that there is a monopoly going on with where you can purchase tickets. Much like healthcare in the America, buying event tickets is starting to become a racket.

I know folks that say healthcare will cost their families $1,100 to $1,800 or more per month. That is outrageous!

It is eye-popping prices like that which case people to forgo getting teeth pulled and limping around on crutches for a month before finally getting that sprained ACL looked at.

Ticket gouging is all the rage and I feel the general public is being taken advantage of. However, if you do not agree with me that’s cool. I can only speak for myself in saying I am not willing to pay $5,000 on one event unless I had that much income or more coming in off my passive investments every month.

That being said, I am taking you behind the curtain of Super Bowl ticket prices.

Prepare yourself and gird your loins.

Image result for ticketmaster logo

Ticketmaster prices ranged from $4,950 to $26,125 for VIP. That is what some colleges are charges for anywhere between one semester and four years of college!

Vivid Seats prices ranged from $4,900 to $14,136. And unless this was a typo, a 11-person suite would cost $327,020 each. Are you freaking kidding me?! That is the cost of a house! If you invest that money and let it ride, you could be a millionaire in like 12 years!

Image result for stubhub logo

StubHub prices ranged from $4,945 to $49,000. Again, investing this money and letting it ride would make you a multimillionaire.

Over 40 years with a 10% interest rate, you could have $2,217,703.52 in your retirement account and be a 401(k) multimillionaire!

Granted most people are not willing or able to cough up this dough, but for those thinking able maxing out 10 credit cards to be treated like a VIP for like six hours you are giving up $2 million.

Image result for seatgeek logo

SeatGeek prices ranged from $4,448 to $17,425. You could send you kid to college or on a European immersive education endeavor to learn different cultures and languages.

Fun Fact: The late great NBA legend Kobe Bryant spoke Italian fluently as he lived abroad with his family as a kid while his father played in the NBA. May he forever rest in peace.

Here is a Super Bowl price tracker from SeatGeek.

EventDateAverage Resale Price
Super Bowl LIV2020-02-02$10,973
Super Bowl LIII2019-02-03$5,073
Super Bowl LII: New England Patriots vs Philadelphia Eagles2018-02-04$5,373
Super Bowl LI: Atlanta Falcons vs New England Patriots2017-02-05$3,976
Super Bowl 50: Denver Broncos vs Carolina Panthers2016-02-07$4,531
Super Bowl XLIX: New England Patriots vs Seattle Seahawks2015-02-01$4,268
Super Bowl XLVIII: Denver Broncos vs Seattle Seahawks2014-02-02$2,598

According to CBS, $40,000 Super Bowl tickets could get you admitted to the “72 Club,” so-named after the Miami Dolphins’ perfect 1972 season.

Their $40,000 ticket includes black car service to and from Hard Rock Stadium, a private lane on stadium grounds to bypass traffic, a private concert from an A-list performer, high-end food and booze, and even access to the field for the post-game celebration.

And if you want more luxury and exclusiveness there’s an even higher level for the V-VIPs: Nine open-air living room suites that Walls says feel “like sitting in the back of a yacht, only at the 50-yard line.” Priced at $750,000 per suite, it’ll cost about as much as a yacht, too.

Again, investing this money could make you a millionaire in like three years. Obviously, you have to be a high roller with a net worth of like $25 million to even consider this kind of excess IMO.

Here’s where most millennial’s are investing. You could do the same instead of going to sports events.

One of my absolute favorite blogs posts out there is about why not to invest time and money into professional sports by blogger Mr. Groovy at Freedom is Groovy.

Heck, that $750,000 swanky VIP suite cost is my FIRE number as that amount spits off investment enough income for me to live off of and not have to work again.

I put my money into index funds and let it ride. You could put it into 500 index funds like me. The S&P 500 is up 200%! Get in on this market!

Especially, considering that 50% of Americans are not invested in the stock market and have $0 in savings and investments.

I am all about rejecting new car ownership to become Financially Independent. No new cars and no Super Bowl tickets for me. I want to be free!

But this is your life. You decide. You want to spend $40,000 to watch football live or let that money ride in Mr. Market for 40 years and have $2 million in net worth?

Invest your money into you and your family instead of sports teams and their billionaire owners.

You heard it here first folks.

Celebrities and Money, Financial Freedom, Self-Made Millionaires

How Beyoncé and Jay-Z became a $1 billion couple

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I don’t like to gamble, but if there’s one thing I’m willing to bet on, it’s myself. – Beyoncé

Hip-hop is more about attaining wealth. People respect success. They respect big. They don’t even have to like your music. If you’re big enough, people are drawn to you. – Jay-Z

The 2018 Grammy’s have come and gone. And even though Jay-Z went away empty-handed on January 28th, he is far from empty-pocketed.

Forbes listed his net worth as $810 million and Beyoncé with her own at $350 million net worth.

That’s right. Beyoncé and Jay-Z are a billion-dollar couple.

Through not only music and touring, but lucrative business dealings have made them a fortune.

Here is where it all began.

Jay-Z builds an empire

“By the time I got to record my first album, I was 26, I didn’t need pen or paper – my memory had been trained just to listen to a song, think of the words, and lay them to tape.” – Jay-Z

Back in 1996, a rising rap star named Jay-Z, who was known for memorizing lots of rhymes without writing them down, put out the album Reasonable Doubt.

It all began when Jay-Z and two others started their own record label, Roc-A-Fella Records, when the talented artist was unable to get a record deal.

It eventually went platinum. From there he would go on to record the commercially successful and critically acclaimed album Hard Knock Life in 1998.

He has not slowed down since.

Jay-Z was a business owner and rapper as he rapped for the very label he owned.

And he would eventually go on and sell the label to Def Jam.

He became a record exec who helped launch the careers of Kanye West and Rihanna. And eventually served as CEO of Def Jam Records in 2004 (a job he took to assume control of his earlier master recordings with the label).

Jay-Z signs another huge deal with Live Nation for $200 million in 2017, his second big payday with the concert promoter. The first 10-year deal was for $150 million in 2008. Through this deal he makes millions in merchandising and concert revenue.

His interests outside of music (Rocawear, and stakes in 40/40 Club and the New Jersey Nets as a sports team owner) have netted him millions more. He sold Rocawear for a reported $204 million. It was said the deal in 2007, would net him around $35 million in cash. This cash infusion would be the seed money used to fund his other business ventures.

He has sold more than 28 million albums in his 15 plus-year solo career.

He has done numerous solo tours including going out on the road in 2013 to support one of his most recent albums, Magna Carta…Holy Grail.

He purchased the streaming service Tidal for $56 million back in 2015. It is now said to be worth $600 million.

He has used his ownership of Roc-A-Fella Records and Rocawear clothing brands to build what he has today.  In 2018, he is one of the richest musicians in the world.

Beyoncé builds her own empire

“Do what you were born to do. You just have to trust yourself.” – Beyoncé Knowles

Beyoncé decided at the tender young age of five that she wanted to be a performer after going to a Michael Jackson concert.

She sang in the choir at church, at school, and everywhere. She honed her craft. Practice, practice, practice.

After appearing on star search in 1993, and later landing a record deal with her singing group in 1997 with Columbia Records, from there she would rise to fame in the late 1990s with the R&B girl group Destiny’s Child.

As a member of Destiny’s Child, she has sold 17 million albums. The group went on to sell more than 60 million albums worldwide. Their 1999 album ‘The Writings On The Wall’ sold over 15 million copies worldwide and was one of the top selling albums of 2000.

The release of her debut album Dangerously in Love, in 2003, turned her into a solo artist. From there she would go on to do films such as “Pink Panther” and Academy Award winner “Dreamgirls.”

Her 2007 tour, ‘The Beyoncé Experience’ grossed over $24 million following the release of her 2006 record B’Day, her 2nd studio album which spawned numerous hits and videos. She then followed up this tour with an even bigger one in 2009, ‘I Am… World Tour’ which grossed $119.5 million. 

She set a new record when she earned 6 Grammys in 2010 for ‘I Am… Sasha Fierce. Her 2009 single from the Sasha Fierce album ‘Single Ladies (Put a ring on it)’ was a huge success and in constant rotation on radio stations worldwide.

She has performed for presidents and as the headliner for the super bowl half-time show in 2013.

She also has multi-million dollar endorsement deals with L’Oreal, Coty (the perfume company) H&M and Target. She has also released at least three fragrances which has made $400 million in sales.

In 2012, Beyoncé inked a deal with Pepsi for a reported $50 million dollars.  

BEYONCE became the fastest-selling album in iTunes history and solidified her as one of the most powerful women in music.

She released her own documentary in 2013 ‘Life Is But A Dream,’ which she directed and produced. It was a rare inside peek behind the curtain of her personal life.

The 2016 release of Lemonade exclusively on Tidal debuted at No. 1, and became her sixth album. She is the first ever female artist to have every one of her solo albums debut at No 1.

As a solo artist, she has sold 16 million records in the U.S. alone and 100 million worldwide.

Beyoncé enjoys making video diaries with the help of her favorite item to do so which is a MacBook.

Beyoncé is a singer, dancer, songwriter, and entrepreneur who continues to tour worldwide while making money from concerts, merchandise, and albums.

Jay-Z and Beyoncé empire as a power couple

“Those who are successful overcome their fears and take action. Those who aren’t submit to their fears and live with regrets.” – Jay-Z

“And we have to teach our girls that they can reach as high as humanly possible.” –Beyoncé

They both own equity in Tidal, which is worth $600 million. That is more than 10 times what Jay-Z paid for it.

In addition, together they both own over $100 million in Real Estate holdings.

Headlining tours independently and together for the 2014 joint On The Run Tour with Beyoncé,  has netted them millions more. This tour earned well over 9 figures with a staggering over $100 million in ticket sales. Making them one of the most profitable touring and recording artists today.

Jay-Z and Beyoncé amassed their fortune from hard work, savvy business acumen, and ownership. Simply put, they own what they do.

All this combined has made them into the billion-dollar couple you see today.

Basically, to build wealth, you have to own. Whether it is a business, stocks, or real estate the money comes from owning.

Side note: Jay-Z is a 21-time Grammy winner and Beyoncé is a 22-time winner. Just in case you were wondering.