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Next-gen entrepreneurs: The rise of millennial tech billionaires

Warren Buffett, arguably one of the history’s smartest investors, earned his first billion during his 50s. Virgin Group founder Sir Richard Branson became a billionaire at age 41. Talk show queen Oprah Winfrey, meanwhile, achieved the same feat at age 49. While these achievements seem extremely remarkable, millennial tech geniuses may have something more impressive to boast of. Facebook, Snapchat, and Airbnb are currently among the most popular business brands worldwide—and they were all founded by young entrepreneurs who were not yet even been born when ‘E.T. the Extra-Terrestrial’ hit the cinemas.

 

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Evan Spiegel, 26

Co-founder and CEO of Snapchat Evan Spiegel became a billionaire in 2015 at age 25, making him one of today’s youngest self-made moneybags (along with co-founder Bobby Murphy, 28). His current net worth is at US$4 billion. His app, meanwhile, has been downloaded more than 100 million times already and is valued at around US$20 billion. Snapchat allows users to send photos and videos to friends, and then the images vanish after a few seconds.

 

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Mark Zuckerberg, 32

A college dropout with no background in business—and was even accused of creating an ‘improper’ website—Mark Zuckerberg is currently the sixth richest man alive and the only millennial to rank within the top 98 on Forbes’ The World’s Billionaires list. His current net worth is estimated at round US$50 billion; that is even bigger than the GDPs of many countries. Mark is the genius behind Facebook, the most dominant social media website in the world right now. Launched in 2004, the site now has more than 1.8 billion monthly active users. It has been used in a number of initiatives that go beyond simple online messaging and status updates sharing. Also a zealous philanthropist, Mark has pledged to give the majority of his wealth over the course of his life to “advancing human potential and promoting equality.”

 

 

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Nathan Blecharczyk, 33

Another self-made billionaire, Nathan Blecharczyk is the co-founder and chief technology officer of Airbnb, an international peer-to-peer accommodation marketplace that allows people to list or rent short-term lodging in residential properties. Established in 2008, the platform is available in nearly 200 countries and has been used by more than 80 million customers. Through his company, Nathan has helped many nonprofit organizations launch initiatives to fight homelessness.

 

Apparently, many of today’s young billionaires capitalized on digital technology to build their wealth. With many day-to-day activities increasingly anchored on cloud computing, mobile applications, and artificial intelligence, young tech geniuses will continue revolutionizing many aspects of our lives and make new cultures out of them.



Where To Invest Your Money This 2016

investment optionsMutual funds are probably that best place to invest your money this coming 2016. I would highly recommend this, especially for more advance investors. If you’re a beginner, you can still place your money in this, but just make sure you are at least equipped with some knowledge behind it. There would be a lot of places where you could invest your money and it does get overwhelming at times. This is why I’m here to give you tips on where to place that investment this New Year.

 

The first thing to do is gather all your options. Start narrowing down the ones that you think would work on your favor and the ones that won’t do so much. Let’s start the process of elimination with Mutual Funds. You must set aside the ones according to the price or amount of money that would require you to shell out in the investment. Check the ones with loads or sales charges and quickly scrap those kinds of Mutual Funds in your option. Pick the ones that say No-Load involved. Remove those that would charge you annually for expenses that cost more than 1%.

 

How will you know about these things? First, take a look at the description of the fund because all the information about it is there from its value to its expenses. You must be wary of the loads because they could usually take a lot of your money. Let’s say that your investment is worth $10,000, having to pay for loads annually will add another $200 for that. In 5 years, it could already accumulate to $1000. That shows how much money you can already lose just by having that kind of charge. You don’t have to pay for anything on that if you would just get the ones that don’t ask for it.

 

Another place to put your money on this coming year is on index funds. You don’t need much money to invest in it where to investthat it would only ask you for 1% a year and that’s it.

 

Options like stocks, bonds and money market should be on your list as well. Stocks for one is good since the interest rates this New Year is said to be skyrocketing. Go for really big company stocks this time because small and not so established companies are riskier, not too mention you would only really get little money from those and it is not even worth it.

 

Make sure that the funds that you are eyeing on have high quality and dividends written all over them. You could once again see that information on their description and from there, you could formulate a decision. A dividend yield worth more than 2% is something that you should look for because that would really do well with your investment. I say don’t even consider the ones with dividends 1% and below. These are just some of the options that I have for you, as to where you could place your investment for this coming year.

 

 

 

 



Our Beliefs – Don’t be controlled by materialistic values and use your time wisely to live freely.

Making sense of the chaos of this modern life.

They say you begin to die the moment you are born.

But why do we feel pain, pleasure, sorrow, happiness, love?  What is it all for?  What do we struggle for? Are we struggling just to die?

We go through the motions every day.  Wake up, work, eat, drink, sleep, wake up again.

A typical man spends one-third of his life asleep, another third working and the rest for anything else he may need or choose to do. And in this modern day and age, work will usually entail sitting at a desk in front of a computer screen.

For the average life span of 75 years, you are asleep for 25 years and sitting for another 25 years at work.  That is like the hamster on his wheel.  But what is tragic is that a good number of us, after all our toil in life, in the end have nothing to show for.  It seems all our time was spent in vain.

Really, what do we want?  What is it that we really need?  We are running all our lives chasing and seeking – to find out we are just in the same place we started.   We find that we are still lacking, still incomplete.

But one must not lose heart.  That thing that will give you happiness, that thing your spirit yearns for, that will finally make you complete – is not beyond seeking.

It is right there for the taking.  But a man must clear his mind of all presumptions and false notions of what is good for him and of what his goals must be.

This modern society has impinged on our minds from our earliest moments of consciousness that gain is to be desired.  That it is best to get – for oneself, for one’s family, for one’s group.  That among men it is zero sum and we must compete to be first.

Endless straining arises when a person is confused by what he really needs.  You think you need a better car when what you really need is long walk.  You think you need to go to some distant vacation, when what you really need to do is to care for a single plant.

You must not let material things rule you.  Instead you must displace them from your mind by focusing on the spirit.  Seek instead to expand your thoughts above the things that can be seen or felt by the senses.

Existentialism

We are but dust spinning in the universe.  Seeing that in your mind’s eye will bring everything into perspective.  And all the cares, the things men fight over, stress over and give all their life for, will all fade to insignificance.

Now, more than at any time in the history of man, we have seen deeper and farther into the blackness of space.  We now know that a pinprick of empty, dark sky holds billions of stars much larger than our earth.  In this modern age, we ought to see ourselves much smaller than before.  If we are confined to the matter in this earth, we will always be small, no matter how much we gain.  We must go beyond it and seek for something else.

 

 



An Introduction To Investing

offshore bank accountsIf you ever dreamed of having the lifestyle of the rich and the famous or you want to have some good amount of money for your retirement, then investing your assets is one of the best decisions you will ever make. The question is how? Before we dig deeper into the procedure on how you will manage all the investing of your money and other assets, it is best that you know first about what is it really about.

 

We know how the finance industry could be intimidating at first with their big business lingos, but that’s not a reason to shy away from it. Instead, face it and have the initiative to learn more about it so you are more prepared on what you have to encounter once you start putting in your money in any form of investment. It is only going to be a little bit rough learning about the terms when it is your first time to encounter them, but you will learn the ropes and will get the hang of it soon when you are passionate enough to spend time researching about what they mean and how would they contribute to your money’s growth.

 

One of the things that you must know about investing is the fact that this is not a way for you to get rich in a blink of an eye. Oftentimes people thing it is like of those schemes that would instantly put them in the cover of Forbes Magazine. This would take time, hard work and a little bit of strategy to make it happen. One must learn discipline and manners on how to handle their personal finances in order to pull this off.

 

You need to keep in mind that there are many different places to invest your money and one of the most important Offshore bankingthings to consider is the tax that you pay on your investments. Certain accounts, like LOM’s offshore bank accounts will allow you to pay less tax, ultimately resulting in more money for your future.

 

You probably have heard that for you to grow your assets, people who are more knowledgeable in this field should make a way to send your money and investment to directions you completely have no idea about. That is actually one of the things that you must not do because that would put your money in high risk. Yes, there are investment professionals who definitely know a thing or two on how they could make your investment flourish, but it doesn’t mean you should just rely on them.

 

It is best that you know what’s going on first hand when it comes to the ins and outs of your own money. No one should know better than what to do with your asset but yourself. You can just always ask for tips and techniques, but at the end of the day, you should be the one who knows how to take control of your money and you should also be the one who has the last say on it.

 

There is always risk involved in this matter, but it is up to you to lower it by gaining proper knowledge through researching and even experience. Fear is also something you should let go once you start dealing with investing. It is a must to always keep a positive vibe when handling your personal finance.




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