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Jennifer Lopez: From Jenny from the block to JLO and $100 Million

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“You have to fight for the things you want.” – Jennifer Lopez

Jennifer Lopez is a quadruple threat: actress, singer, dancer, and producer.

It was recently reported earlier this month that in March 2019 she got engaged to former MLB phenom Alex Rodriguez (A-Rod).

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Jenny from the Bronx has parlayed her talent into major coin.

Her estimated net worth is over $300 million.

Insider reported it as high as $400 million!

So how did Jenny from the block earn her wealth?

Well, you are about to find out.

As you may know, I am on a mission: financial freedom.

Therefore, I started to study the self-made.

How did they get so wealthy? What did they do? What do they do with their 24 hours we are given in a single day?

Today we talk all things J to the L-O! Hello!

Let’s go!!!

STARTING OUT

Jennifer Lynn Lopez was born on July 24, 1969 in Castle Hill, New York City. Growing up in the Bronx with her parents and siblings she watched how hard her parents worked to make a living as Puerto Ricans living in the richest country in the world.

She knew that she had a responsibility to do well because her parents gave and sacrificed so much.

She was quoted in an interview as saying, “I had to do well. I couldn’t let them (her parents) down.”

Jennifer says she was always training for something. And dance become her go to activity.

DANCING TO THE FRONT

In 1991, Lopez began appearing as a Fly Girl dancer on In Living Color, where she remained a regular until she decided to pursue an acting career in 1993.

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These are HER lyric from “Jenny from the Block.” Let J. LO tell you her story.

From In Living Color and movie scripts

To On the 6 to J. Lo to this headline clips

I stayed grounded as the amounts roll in

I’m real, I thought I told you

I really been on Oprah

That’s just me

Nothin phony, don’t hate on me

What you get is what you see

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If you have ever seen the Janet Jackson video “That’s the way love Goes,” then you will see a young Jennifer Lopez dancing and talking to Janet. She performed as a dancer for her while as pursuing her dreams of acting.

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I love the lyrics to that song and how it starts out.

Like a moth to a flame

Burned by the fire

My love is blind

Can’t you see my desire

That’s the way love goes

So you could say like a moth to a flame, J. LO gravitated towards acting. Haha

You also may remember her dancing with Puffy or P. Diddy, as he goes by now, in the music video “Been Around The World.” That was in 1997. Haven’t seen it. No problem.

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JLoThis 1997 music video  Puff Daddy Been Around The World

I have the footage right here thanks to Youtube 😉 Enjoy!


Jennifer Lopez HOT Dance Scene With P Diddy

HER BIG BREAK STARRING AS TEJANO MUSIC SUPERSTAR SELENA

In 1995, the world lost Tejano music’s biggest star Selena Quintanilla. Due to widespread reports of unknown causes of events that surfaced, her family decided to tell the world her story. That became the 1997 film Selena.

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A story of a girl who had the spirit to believe in a dream and the courage to make it come true.

Movie poster reads: A story of a girl who had the spirit to believe in a dream and the courage to make it come true.

The film that made Jennifer Lopez a star: Selena.

Released in Summer 1997. Based on the life of Tejano superstar Selena.

In 1997, Lopez played the title character of Selena Quintanilla-Pérez in Warner Bros. “Selena.” Lopez was 28 years old when she portrayed the late singer.

After an intense media frenzy, auditions for the role of Selena sparked applications from about 20,000 Latinas from around the globe, one woman was selected that stood out from the bunch: Jennifer Lopez.

The role of a lifetime was won to play Mexican-American music star Selena.

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People Magazine

Jennifer Lopez Reflects on Selena Quintanilla and Where She’d Be Now: ‘She Was a Star’

Jennifer Lopez in the film playing Selena.

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Fun Fact: People Espanol was started because of Selena.

The real J. LO. She too likes to wear white.

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Jennifer Lopez as Selena.

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Jennifer Lopez wearing Selena’s iconic red lipstick in the film Selena

Fun Fact: Selena favorite lipstick was Brick by Chanel, she did her own makeup and her favorite shoe store was Payless. Favorite pizza: Pizza Hut thin crust double pepperoni.

One of my favorite scenes from the film.

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jennifer lopez selena GIF
jennifer lopez selena GIF

If you watch Selena perform, you not she is doing tons of cardio.

Fun Fact: Selena would walk around her neighborhood EVERY. SINGLE. DAY.

And don’t take no crap from anyone.

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The real Selena Quintanilla Tejano singer and superstar

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The album that put her on the map. Selena Live!

Nominated for a GRAMMY in 1994
Selena Live! Best Mexican/American Album

Selena won her first career GRAMMY for Best Mexican-American Album for Live at the 36th GRAMMY Awards in 1994, marking the first time a female Tejano artist won the category.

She was gone less than a year later.

Awards/Accomplishments. In 1987, Selena became a spokesperson for Coca-Cola. Selena won the Tejano Music Award for Best Female Vocalist running every through 1986 to 1996. Received 8 awards at Lo Nuestro Awards, 34 Tejano Music Awards, Kuno’s People’s Choice award, and first Tejano artist to win a Grammy.

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Always smiling, laughing, and joking around. That was Selena.

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So full of life and light
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Selena Quintanilla 1971-1995 May she forever Rest In Peace.

The movie Selena would make Jennifer Lopez one of the highest paid Latina’s in film.

Many have reported that she is the highest-paid Latina film actress in history.

It was estimated that she received a $1 million payday for the film.

Her life and BANK ACCOUNT has never been the same.

A STAR IS BORN TO SING

Just keep your head down and work. Success comes when you work harder than everybody else. – Jennifer Lopez

After wrapping the film, Jennifer Lopez decided her next ambition would be recording an album. She set her sights on making this goal happen.

She got a record deal and worked with music super producer Tommy Mottola of Sony.

In an interview she said that people did not believe in her project; therefore, she had to put some of her own money into it.

You get what you give. What you put into things is what you get out of them. – Jennifer Lopez

That pet project would become her first album: On the 6.  

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As reported by Insider, Lopez’s debut single “If You Had My Love” was released in May 1999, and it immediately landed on the Billboard charts. In fact, “If You Had My Love” became the first debut single to top the Billboard Hot 100 since Britney Spears’ “…Baby One More Time” a mere four months earlier.

One month later in June, her debut album “On the 6” was released, effectively solidifying Lopez’s status as a Latin pop artist. Certified by the RIAA, “On the 6” is 3x platinum, selling 3.42 million units worldwide.

She never looked back.

AIN’T IT FUNNY HOW THINGS WORK OUT

When Jennifer Lopez was at her peak, in 1999-2002, she was deigning clothes, singing, dancing, performing, acting, starring in hit films, on the cover of magazines, and putting out perfume fragrances.

The iconic green Versace dress! GRAMMYs 1999.

Caused a sensation and put her on the top of the map. Every news outlet had a picture of THAT dress! A great way to get people talking about you, if they weren’t already.

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Caused a sensation

One of the things that sticks out was when she started going by the name J. LO. She put out an L.P. of the same name. She said her mother loved that name and would say it over and over…J. LO J. LO.

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However, what made her a household name was the infamous video with Ja Rule “I’m Real” that was in constant rotation on MTV and BET Total Request Live (TRL).

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Fun Fact: Jennifer Lopez Says She Personally Chose That Juicy Couture Tracksuit for Her 2001 “I’m Real” Video with Ja Rule

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I’m Real video

Here is the video just in case you have not seen it.

She also did the song “Ain’t it Funny.” Again featuring her partner in crime (of making sweet music that is) Ja Rule. Together this pair made magic happen. They just had great chemistry when working together.

Ain’t it funny dropped off the J. LO album on June 20, 2001.

Here are some lyrics for you.

J to the L-O

Hello

Well now you know where I got that from, which I state at the beginning of this post. 😉

Here is the chorus

Ain’t it funny

Baby that you want me, when you had me

Love is crazy, I’m glad I can smile and say

Ain’t it funny

Then came “Jenny from the Block.” This song dropped on September 26, 2002.  One of her HOTTEST music videos! If you had no idea what she was capable or of who she was, then this video stopped all doubts.

The lyrics go like this.

Don’t be fooled by the rocks that I got

I’m still, I’m still Jenny from the block

Love my life and my public

Put God first

Then can’t forget to stay real

To me it’s like breathing

Ah yes, she says to stay real or I’m real in this song. An obvious reference to her song I’m real with Ja Rule. 😉

Here is the chorus.

Don’t be fooled by the rocks that I got

I’m still, I’m still Jenny from the block

Used to have a little, now I have a lot

No matter where I go, I know where I came from (from the Bronx!)

Check it out here.



JLo pictured in her 2002 music video Jenny from the Block

Unlike her previous studio albums: On the 6 (1999) and J.Lo (2001), Lopez had a more “hands-on” role on This Is Me… Then. The 2002 album also had more of an adult-R&B sound. Musically, majority of the songs on This Is Me… Then were lyrically “dedicated” to her relationship with then-fiancé, actor Ben Affleck.

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All I have video 2002 featuring LL Cool J

The Age newspaper said the album was a “declaration” of love for Affleck.

The many looks of J. LO.

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J. LO is Pretty in Pink.

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 During an interview, Lopez said “I wrote a lot of songs inspired, in a way, by what I was going through at the time that this album was being made, and he [Affleck] was definitely a big part of that.”

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MTV VMA 2002

Magazine Covers of Jennifer Lopez.

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JLO $100 Million Woman
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ON A WORLD TOUR WITH A MIC IN HER HAND

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“I have to work, for my soul.” – Jennifer Lopez

Nearly two decades since the release of “On the Six,” Lopez has dropped seven more albums, and has a ninth album slated for release this year.

Lopez has embarked on five tours, and that has undoubtedly added to her net worth. Her first tour, aptly titled “Let’s Get Loud” was in 2001 and she walked away with a reported $765,000 in earnings, according to Money Nation.

The bank balances keep rising as her star does.

Lopez has earned an estimated $90 million for appearing on the big screen, according to Celebrity Net Worth.

She was also a judge on “American Idol” for three years. At a reported $12 million per season, according to Billboard, that’s an impressive $36 million for serving as a mentor to well, the next Jennifer Lopez.

J. Lo is also a business maven.

Just like Rihanna.

See my post Rihanna from music maven to mogul

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Aside from her musical and acting talents, Lopez is also a savy businesswoman. In 1998, she founded her clothing line that currently sells swimwear, eyewear, and fragrances. In 2004, her brand earned $300 million in revenue, making J. Lo the 19th richest person under 40, according to Fortune.

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A decade later, in 2012, J. Lo set out for her first worldwide tour, the Dance Again World Tour. After 78 shows, this would be Lopez’s highest-earning tour, and she pocketed $50,362,300, according to Money Nation.

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If you look at the difference in her first tour in 2001 and her one in 2012 ($765,000 to $50,362,300), you will notice it took over a decade to earn this type of money.

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Angel Eyes 2002

What does that tell me?

That building wealth TAKES TIME.

It took me 6 years to go from saving $1 a day to $50 a month to $15,000 a year!

I make a goal and then chart a course to get there no matter how long it takes.

Just like Jennifer Lopez.

Between her current residency in Las Vegas and worldwide clothing line, J. Lo is hardly short on funds.

On January 20, 2016, she debuted at Planet Hollywood Resort & Casino her “All I Have” residency, dazzling fans with sequined pieces and elaborate sets.

On August 13, her shows reached an incredible milestone: $1 million in ticket sales, the highest grossing show in Planet Hollywood’s history, according to Billboard.

Between June 2016-June 2017, Lopez made $38 million dollars, consequently landing her at the #11 spot on Forbes’ Highest-Paid Female Celebrities of 2017. She’s also already made an estimated $47 million in 2018, according to Forbes.

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Jennifer Lopez performing with Pitbull
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Given her newly announced acting project, anticipated 9th album and a just-released makeup line, Jennifer Lopez will likely only see her cash flow increase.

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All I have to say about JLO is this: Veni, vidi, vici. Latin translation: “I came; I saw; I conquered.”

Well Jennifer Lopez came, saw, and conquered show business.

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In the illustrious words, and famous favorite saying of Selena: “You go girl.”

I have learned a lot from Jennifer Lopez. That with hard work, drive, passion, determination, consistency, and persistence you can achieve great things.

However, what I have learned most of all…is that she is still Jenny from the Block. 😉

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For more posts I have written about the self-made you can check out my other posts

Dwayne Johnson: The Rock Solid and The Fast and The Furious Way To Make Millions

Halle Berry on success and failure: Why She and I Continue To Save So Much

How to get Bigger Pockets: A Review of How to Invest in Real Estate

How to Invest in Real Estate: The Ultimate Beginner's Guide to Getting Started by [Turner, Brandon, Dorkin, Joshua]

Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver. -Ayn Rand

Many of you out there I am sure have heard of Bigger Pockets. It is the place to be for anyone interested in Real Estate (RE). Basically, they are the Facebook of Real Estate.

Bigger Pockets (BP) is the real estate social network. You can find out all types of things such as how to finance rental properties, find property management companies, and how to invest in real estate.

While on my journey to learn ALL THINGS MONEY, I came across an interesting post called House Hacking.

For readers of my blog, you know I am a fan of Millennial Money (MM). Grant Sabatier is the money genius behind that site and because I was a fan of his is how I came to learn about Bigger Pockets. I learned so much from Grant that I wrote a blog post about how he inspired me to save more money.

See my post How Millennial Money inspired me to save $13,333.06 a year

It was on his website that I read about House Hacking, which is when you live in one of the multiple units of your investment property as your primary residence, and have renters from the other units pay your mortgage and expenses.

Like I stated on my last post, one of the biggest expenses in any budget is housing. The trifecta of expenses is housing, food, and transportation. If you can cut your expenses in this area, you are g2g (Good to Go). 😉

It just so happened that he did an interview with Scott Trench from Bigger Pockets. I am not the best when it comes to listening to podcasts, as I prefer to read books! However, the podcast is transcribed so I read through that. Great idea there Grant. The transcription was so good that I listened to the podcast and just like that a fan of BP was born.

Here is the link to that post HOUSE HACKING USING OTHER PEOPLE’S MONEY

That is what made me decide to pick up the book How to Invest in Real Estate from Bigger Pockets authored by Josh Dorkin and Brandon Turner.

I just so happened to post a tweet and saw FINCON ask what books am I reading? So I answered and tagged the authors of the book. To my surprise, Josh Dorkin replied to my tweet and said thank you for reading and asked if I would post a review on Amazon.

https://twitter.com/jrdorkin/status/1102676122624356352

Since he was polite in asking for this small request, I not only did the Amazon review (still pending as of this writing), but I also decided to review the book on my site. They say ask and you shall receive. So, I gave him a 2-for-1 and posted a review and did this blog post. One tweet did all of that.

So, without further ado…

How to Invest in Real Estate: The Ultimate Beginner’s Guide to Getting Started

THE #1 QUESTION

The reason Brandon and Josh wrote this book was to help people. One of the most asked questions they get is, “How Do I Get Started in Real Estate Investing?”

Well, guess what? They say ask and you shall receive, right? Then Brandon and Josh answered.

They wrote this guide to help people along their way. Although, the Bigger Pockets forum and blog is filled with tons of information, it can be overwhelming. Where do you begin?

This book packs many of the interviews they do on the podcast and brings it together in one place as a reference guide.

WHAT WILL YOU LEARN

The guide contains eight chapters but my three favorites are: Chapters 1, 4, and 7.

The book will show you the following:

  • How to get started in Real Estate?
  • How to invest with no money, bad credit, and with a full-time job?
  • Why you should save cash reserves?
  • What is an LLC? Do you even need one?
  • Real Estate Niches (as the riches are in niches) 😉
  • 12 Ways to Finance your Real Estate Deals
  • Real Estate Exit Strategies

I think the reason people choose to invest in RE is not only to get rich (obviously), but to have more financial control over their lives.

In addition, real estate is tangible. Unlike stocks, bonds, and CD’s you can drive by and visit with your investment. Have a cup of coffee in it. Heck, you can even live in it!

THE REAL WORLD OF INVESTING

Remember the television show “The Real World” on MTV. Well, that was a lot of fiction and made up drama for ratings. This book provided insight directly from RE investors with real world experience.

One of my favorite stories actually came from Chad Carson of the Coach Carson blog site. Chad decided the go big or go home route to RE was the best route for him. His niche was house flipping.

See my post on Finance Lessons from Flipping Vegas

He tested this hypothesis and decided to change courses. Instead of trying to flip 50 properties, he then decided to do less for the sake of his sanity. This method worked.

This taught me that flipping is NOTHING like the television shows portray. We are getting the Campbell Soup version (condensed). I need the 💯 real.

You must find out what works for you. Although, you can learn from the mistakes of others, usually trial and error will show you the way. Fail fast, early, and hard. Then you can start to profit from your knowledge and experience.

The book is filled with tons of stories. I just shared one.

If you want to learn more about Real Estate, then hop on over to Bigger Pockets. You can also look up some real estate blogs and books. Just like I did with this one.

Have you recently wrote a book? Are you looking for a review? Do you want to be Greenback’d? Tweet me. I’ll be here @mjp2520

Shoe game is not for the frugal at heart

“It doesn’t matter how great your shoes are if you don’t accomplish anything in them.” ― Martina Boone, Compulsion

I thought women loved shoes, but I’m beginning to think men love them more.

Nobody does it to the same grandiose scale as the NBA players of today’s time.

If you have ever watched the series Uninterrupted or MTV’s Nice Kicks, heard commentary on Kneading Dough or read the Complex magazine or Coveteur online, then you know the NBA are paying salaries large enough to fund startups with paychecks that are bigger than some countries GDP.

What do some of these players do with all this money?

Invest it in shoes, of course.

WHAT IS SHOE GAME?

Shoe game is all the shoes you own, your shoe wardrobe, used when comparing the type and amount of shoes you have against another person.

I know it sounds crazy, but many top sports superstars have shoe closets that could rival any boutique or downtown footlocker.

The real shock isn’t the amount of shoes, but the sheer price tag to owning all these shoes in the first place.

Each year, analysts predict that the sneaker bubble will soon burst. However, the shoe business is a billion-dollar industry that just keeps on growing.

WHAT IT TAKES TO STEP UP YOUR SHOE GAME?

It seems the first step is to simply own a whole bunch of pairs of shoes.

Generally, in the hundreds or thousands.

Usually one corner of the master bedroom closet is never enough.

These sneakers need some room to breathe.

Therefore, many are opting to get custom made closets. People are devoting as much as 800-square-feet or more dedicated to housing 3,500 pairs of shoes. That is larger than some people’s apartments!  In some cases, people have gone on to give their shoes storage units, commercial buildings or whole wings of an entire house!

This isn’t cheap. A custom closet could go from an average closet costing up to $1,200 to $5,000. However, a custom closet fit for a sneaker connoisseur can cost upwards of $15,000 to $25,000 or more.

For that price, many closets come with climate control, lighting, and tons of racks for you to house massive amounts of sneakers.

They even have apps you can get to showcase Sneakology for any Sneakerhead that wants to do it right.

HOW MUCH DOES IT COST TO SNEAKER IT UP?

Well, a few people out there have thrown out some numbers.

Considering that some have anywhere from 500, 3,000, or even 6,000+ pairs of shoes, you have to know that is a lot of dough being spent on shoes that you can only where one pair at a time on your one set of feet.

Rare sneakers can fetch anywhere from $500 on up to $5,000. One pair of Jordan’s is going for $25,000!

If the average pair of sneakers cost $80 a pair, we can start to do some of our own math.

A few numbers I came across include:

500 pairs at $80 each equates to $40,000.

1,000 pairs at $80 each equates to $80,000.

3,000 pairs at $80 each equates to $240,000.

6,000 pairs at $80 each equates to $480,000.

That last one means some poor soul spent a half a million dollars on shoes! Most of which they are unlikely to ever wear more than once.

I read one guy had 3,500 pairs averaging $214 each for a total value of $750,000.

One post I read on Coveteur stated one guy had 3,600 pairs at an average of $280 each which equates to $1,000,000! You could buy an apartment building for that! I say get that rent money and be a landlord instead of a shoe lord.

Shoes won’t pay you every month to stay on your property, but tenants sure will.

A tenant could help you pay off your mortgage in half the time. Say, 15 years on a 30 year mortgage.

I read that most people keep their favorite 10 pairs of shoes in regular rotation.

That would mean all these people could have saved themselves anywhere between $39,000 to $479,000. Just something to think about right there.  

MONEY SPENT ON JUST YOUR FEET

When I think of all that money spent at shoe stores across the nation, it just makes me shake my head.

I know you can spend your money on anything you choose, but when is it enough?

Just a peek inside some of these closets let you know that enough money is being housed in there that these sneakers may need to be in some kind of vault.

DJ Khaled's Sneaker Closet (1)
DJ Khaled via Instagram
Joe Johnson Sneaker Closet (2)
NBA player Joe Johnson’s closet via Sports Illustrated
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Custom closet showcased on nextluxury Modern Mens Closet Design With Neon Blue Light Shoe Wall Shelf

For that kind of money, you need these babies in a fire proof room or safe.

If you’re getting heart palpitations just from reading these numbers, then I understand. That’s a lot of money that has to be protected and put under lock and key. Security can be another added expense on top on housing and maintaining these shoes.  

WHAT ELSE CAN WE DO WITH ALL THIS MONEY?

You could actually invest in startups by becoming an angel investor.

According to Brian Cohen, an experienced angel investor and the chairman of the New York Angels, a consortium that focus on start-ups in the New York City area, most startups fail.

However, Fred Wilson of VC firm Union Square Ventures says that one-third of early stage investments are hits, meaning they return five times the investment or more. Guess what happens to the other two-thirds? Most go bust.

Therefore, you must research any investment before you hand over even $1 of your money.

You could sell them.

A Guinness World Record holder at one time had 2,500 pairs of sneakers called the Shoezeum.

When asked what brands he wore he replied, “Nike. It’s sneakers or barefoot, and sneakers are always Nike.”

Want to know how Nike got its start?

See my post on Nike founder Phil Knight

He also has some frugal tendencies. He stated, “I bought 1,800 pairs of Converse Chuck Taylors for $1 each. I took them all to a swap meet and sold them for $5 a pair.”

Not bad.

However, regardless of what you do, put your money into something that it can earn interest and grow.

Make your money work even harder for you than you had to for it.

There are only so many hours you can work in 24 hours of a day. Your money can work 365/24/7 in the stock market. So, let it.