We often fail to recognize greatness until the source has died or leaves the public spotlight. I'm not sure if it's due to a certain level of arrogance or the inability to recognize the great strides of other people. One such person that is creating history in the present is Floyd Sinclair, better known as Money Mayweather, and many people can't recognize it.
No athlete in history has made more money off their own talent than Money May. Sure, there are other athlete's that have turned their fame into millions of dollars from promotional contracts and apparel sales. But no other athlete has gone from earning a few hundred thousand while under a promotional or team contract, to receiving the majority of the millions in profits from his or her efforts as an athlete. Muhammad Ali hasn't done it. Michael Jordan hasn't either. Floyd truly has accomplished what Lebron James and others only wish to. He makes more money (420 million and counting) than any other single entity from his own talent.
All credit can't simply be given to Money Mayweather. He had to have the right people surrounding him to make this a reality. There was his father, Floyd Mayweather Senior, who taught a young Floyd Sinclair how to box. His uncle Roger, who helped Floyd to transition from a title holder to a world champion while his father wasn't present. But the people who seem to have affected his effective business savvy were Al Haymon, Leonard Ellerbe, and some other close advisers. They were the people that convinced Floyd to buy himself out of his promotional contract with Top Rank promotions. It was this decision that separated him from many athletes of the past. Floyd and his team gambled on his talent, and the payoff was more than they even thought was possible.
On May 2nd, the decision to become a promotional free agent will payoff like never before. His fight with Manny Pacquiao is certain to be the highest grossing boxing match of all-time, and we can't know if there will be another fight of this magnitude. Boxing is no longer the powerhouse sport that it once was. Though Floyd will likely fight again in September, no matter what the outcome of this fight is, he won't ever earn more money from one fight. The question we should all be asking ourselves is, when will we see this again? Will there ever be another boxer that profits so much from his or her own fighting abilities? How about another athlete? I'm not so sure Mayweather's financial accomplishments will be repeated while I'm walking on this earth. But if someone manages to match or surpass Mayweather, I will always know where he or she got the blueprint: Floyd Mayweather and his team. They came together to change the idea of how an athlete should be compensated for his or her hard work, and all other athletes are still trying to recreate these accomplishments.
"Even the most flawed person can create history that is worth studying."
1. Cook your food. When the temperature dips below freezing, don't order out. Turn on that stove and cook a Thanksgivings Day style meal for the family. You should also avoid using the microwave, and warm up your left over in the oven.
2.Stay in one room. Keep most of your household activities confined to the warmest room. This will lessen the need to heat the entire house, which increases utility costs.
3. Insulate all doorways and windows. If the cold air can't get in, it won't cause indoor temperatures to drop so quickly.
4. Bring in the logs and light the fireplace. Not only does a wood-burning fireplace warm up rooms, it's a lot loss expensive than using turning up the temperature on your thermostat.
5. Stay out of the gym and workout at home. Exercise and other more pleasurable activities produce great quantities of natural heat. Just make sure to protect yourself from injury or more long-term surprises.
6. Use your humidifiers and electric heaters, while keeping your heat settings under seventy degrees. This works best when used in one room.
7. Cover your hardwood floors with blankets. Hardwood and granite floors allow lots of cold air to transfer between rooms. Cover them up and watch room temperatures rise.
8. Insulate your attic entrance. Sealing up the entry way will help to keep your home warm.
9. Keep your bathroom door open while showering. The warm, humid air produced from your shower needs to spread around the house.
10. Reverse your ceiling fan circulation. Once your room has reached optimal temperatures, let the ceiling fan run in reverse to push the warm air down towards your living space.
What suggestions do you have?
The number of couples purchasing a house together before getting married has increased over the last five years. This could be a direct result of the economy and a lack of wage growth. It can also be linked to the increase in popularity of non-marital long-term relationships. No matter what the reason, more people are opting for this living arrangement, but are they also creating great financial risks?
When couples co-sign a mortgage loan agreement, they are financially joined at the hip, and this monetary relationship often outlasts their romantic union. Mortgage loans don't have a breakup clause which eliminates one parties responsibility for the loan. Whoever signed his or her name on the dotted line must payback the loan. There also is no agreement in which one party can sell the home without the others consent. These circumstances, and state laws which create more clarity for married couples, makes escaping these types of relationship very difficult. But most couples know this going into these agreements, so why do they take such risks.
Some studies have linked this disregard for increased financial risks to a mix of lifestyle desires and the increasing divorce rate. With the divorce rate being at an all-time high, many people fear marriage and are opting for long term co-habitation without the rings. They believe the same financial risks exist for those that are married and unmarried, and there are some similarities. If one person in the marriage decides to ruin the others credit during a separation or divorce, the end result is stress and a bad credit score juts like there would be if they weren't married. The biggest difference resides in the ease of rectifying these credit destroying tactics. While it is easier for an ex-spouse to recover from credit assassination, the process is costly and time consuming. Knowing this, many couples don't see a big difference in risk. There also has been a increase in the desire to reach the lifestyle achievements of previous generations while still being considered a young adult -- ages twenty-one to thirty-one. With wages being stagnant, many young adults see cohabitation as the best and quickest method of reaching these lifestyle goals. In your opinion, do these factors outweigh the financial risks of co-signing a mortgage loan without being married?
What's your take?
Here are two more dating personas you may be familiar with. Have you ever dated this person?
THE SPORTS FAN
It’s Friday night and your new dating friend gives you a call. He or she offers you the opportunity to attend a local sporting event. It seems like it will be fun, so you agree to go along. The evening goes well, and you decide to spend more time with this person in the future. The next four to five dates with this person go along the same script, and you suddenly realize that you are dating the sports fan. When you’re dealing with these sports fanatics, nearly every date is centered around their favorite sports teams. Their closets are filled with sports paraphernalia. Their homes are decorated with shrines to their favorite athlete’s, and their emotions are tied to the success or lack of success of their favorite teams. These are die-hard fanatics, and dating them means accepting their love for sports. It also means a good portion of their income will be spent in support of their favorite teams. They can’t go without their season tickets and frequently fly out of town whenever their favorite teams are on the road. If they are forced to choose between going to an autograph signing and spending quality time with a potential lover, they will usually choose the first option. If you are planning on starting a long-term relationship with these folks, you must be okay with these spending habits. He or she is very likely to be sticklers for handling his or her own finances. They won’t trust their ability to support their teams in your hands and need to control their own finances. They also won’t allow your financial habits to keep them from being a sports fanatic.
THE SERIAL DATER
Serial daters are people that refuse to be alone and consistently seek companionship immediately after ending a relationship. They rarely enter into long-term, committed relationships because of their constant need for change. This behavior can typically be traced to some childhood issues and is very difficult to abandon. Because of their need for constant change, serial daters are often inconsistent money managers. They must become big spenders to please their needy dating partners. When dating frugal individuals, they become tedious money managers. Serial daters are truly the chameleons of the dating world. With so much change taking place, it can be difficult to discover their deep-rooted financial principles. In fact, serial daters change their financial habits so frequently they easily forget the childhood financial lessons which shaped their understanding of money. If these individuals ever decide to settle down into a long-term relationship, it will be difficult for them to conform to more consistent financial habits. Their partners must be willing to work with them through these changes for the relationship to succeed. Serial daters are not comfortable with letting others control their finances; therefore, their partners will need to be patient and very understanding. Anyone not willing to work through these changes should leave serial daters alone; unless there is a preference for drama-filled, tumultuous relationships.
Here are two more dating personas to think about. Have you dated someone like this before?
THE HOPELESS ROMANTIC
Have you ever gone out with someone that attempts to make the moment bigger than what it is? That person has a high probability of being a hopeless romantic. These individuals consistently attempt to make each date a romantic scene straight out of the latest popular love story. They don’t wait until Valentine’s Day or a special occasion to display their perfection of romanticism. Their efforts will be consistent. This persona isn't for those that are romantic once per month. I am referring to individuals that display this behavior on a weekly basis. They see every date as an opportunity to woo their love interest. Anyone with this dating style is either well-off financially or attempting to portray someone with great wealth. The best way to distinguish between the two is to carefully look for inconsistencies with this behavior over a period of time. A con artist won’t be able to keep this act up for more than a few months. True hopeless romantics are more consistent.
Many hopeless romantics expect their mates to allow them to have a lot of control within the relationship. Money is often used as a method of controlling others, and this dating persona has a high propensity to be accompanied by a controlling nature. These habits tend to remain during marriage, and if you aren't prepared to deal with this now, don’t expect things to get easier as the relationship progresses. These hopeless romantics will likely want to handle the finances and expect you to follow their lead.
THE DAMSEL IN DISTRESS
Don’t let the name of this dating persona fool you, Damsels can be male or female. These serial daters are always looking for someone to upgrade their lifestyle. They rarely want to pay for anything and always have an excuse for their lack of social progression. The reasons for this behavior can often be traced back to their childhood, and without professional help, these individuals will never overcome their victim mentality. If you plan on starting a long-term relationship with a damsel, be prepared to handle all the finances. Damsels’ are rarely good money managers and will always depend on others to fix their financial problems.
Check in tomorrow for two new dating personas!
"People are excellent actors during the first couple of dates, and some have the ability to keep this act going for several years. This ability makes it very difficult to accurately assess personal morals during the beginning stages of dating; therefore, you should focus your efforts on evaluating something that can’t be hidden so easily: their financial habits. We may be able to hide the bad experiences that stick with us from previous relationships. We can even hide unattractive social dysfunctions that exist within our family or friendship circles. But we can’t completely hide our financial habits from each other. Even the best con artists are only capable of hiding the secrets of their financial habits for a few weeks before being ousted by those paying close attention. To become an expert at gathering this helpful information, you must first learn how to recognize the signs that will reveal their financial habits." (D.E.B.T. The Relationship Edition)
Most financial habits clues can be picked up before any conversations about finances occur. This can be done by learning to understand the relationship between dating personas and financial habits. What is a dating persona? It is a description of someone’s consistent dating habits. This includes dating locations, common personality traits, spending habits, and other frequent, observable actions that are taken during a date. Once you understand how to interpret these habits, you will have the clues needed to determine financial compatibility. Take a look a these two dating persona descriptions, and see if you recognize any habits.
Most people don’t reveal their true personality for the first couple of dates, but the “perpetrator” actually attempts to hide who he or she is for longer periods of time. These individuals use dates as opportunities to create a new character and live out the lifestyle of others. The best way to identify a perpetrator is to follow the money instead of the stories. Their spending habits typically won’t match the persona they are trying to sell. Perpetrators will frequently offer numerous excuses to cover up their lack of consistent behavior. He or she will be able to afford an expensive night on the town one week and won’t be able to see you again for several weeks. They need to space out their dates to remain consistent and lessen the chance of a blown cover. Covering up lies is their top priority, and you will always come second or worse.
What can these behaviors tell you about their financial habits? Sadly, there is very little to learn because of their habitual lies. However, there is one fact that remains true about all perpetrators: they spend a lot of money on efforts to cover up their lies. While using money to strengthen dishonesty doesn't guarantee financial stability or instability, it does reveal spending habits. All money spent to cover up lies is simply a waste because the truth will come out at some point. If they lie about who they are, expect them to lie about their finances too. Only commit to long-term relationships with these characters if you have little concern for financial matters.
Moguls are like hams that are focused on financial prominence. They want to be recognized for the empire they’re building and won’t let anyone slow down their progress. Expensive and extravagant dates are their tools for building self-worth and confidence. They wouldn't dare be seen in a low-budget restaurant or inexpensive clothing store. If you’re dating a mogul, everything about their lifestyle will scream success. Five-star hotels and private beaches are a requirement for their vacations. Their children must also have the best clothes, toys, and education. Public schools are frowned upon and rarely good enough for their kids. If the people you’re dating don’t express those views, there are other ways to tell if he or she is a mogul. Moguls never or rarely allow you to pay for a meal. They see this as an insult to their stature and feel belittled by your perceived attempt of establishing financial equality. When it comes to long-term relationships, moguls like to handle all the finances, and if you’re not prepared to let someone else handle your money, run away. These individuals are big spenders and don’t mix well with conservative spenders.
If you haven't dated someone with these two persona's check back in tomorrow. We will reveal two more dating persona's from the soon to be released book, "D.E.B.T. The Relationship Edition."
If there is one common trait among Baltimore sports teams, it has to be winning most home games. Up until last night, the Hawks hadn’t lost a home game. They felt they were representing the city well, and didn’t believe anyone would take them out at home. Unfortunately for the Hawks, the Jersey Express players didn’t buy into that belief. They were riding into Baltimore on a six game winning streak, and looked to keep that going at St. Frances Academy gymnasium. This shared winning mentality was on full display from the tip-off to the last buzzer.
In the first quarter, Jersey Express controlled most of the game. Point guard Donald Hennie (Express) was hot behind the three point line while center Almin Hodzic (Express) was having his way under the basket. Both players led their team to an early 14-9 lead. With three minutes left in the quarter, the Hawks began to wake up. Point guard Terry Hosley (Hawks) jump shot was back to its usual effectiveness and power forward Juwand Rheubottom (Hawks) provided some much needed points in the post. Behind their play, the Hawks went on a twelve to five run to end the quarter up by five (29-24).
With her team going into the second quarter down five, coach Blount inserted shooting guard Travis Conyers for a much needed offensive spark, and he definitely came through. Conyers and guard Bashir Grimes (Express) combined for eleven of the team’s twenty-four points in the quarter. Jersey Express was also beating the Hawks on the boards. They nearly doubled the Hawks in second chance possessions in the second, and later throughout the game. By the end of the second quarter, Jersey took back the lead by one, and went into the locker room with a 48-47 lead.
Knowing their undefeated home record was on the line, the Hawks started the third quarter determined to get the lead back, but Jersey matched their efforts. Both teams were shooting effectively, but Jersey still dominated the boards. At the five minute mark the game, the score was 64-60 Express, and coach Blount decided to bring Conyers back in the game. He once again provided an offensive spark for Jersey by scoring eight points and two assist in the quarter. Express also continued to out rebound the Hawks by a three to one advantage. The Hawks fought back to keep the score close, but saw themselves down 85-71 at the end of the third.
Going into the fourth quarter, the Hawks knew they had a challenge on their hands, being down fourteen, but refused to give up their undefeated home record so easily. Though they were losing the battle for rebounds, the Hawks transition defense picked up. They caused six turnovers and turned nearly all of them into points. Their efforts got them back into the game with two minutes left, as the score read 107-109 Express, but Jersey went back to what worked for them earlier. They once again began to dominate the offensive boards, and Adams (Express) and Conyers (Express) provided most of the scoring. The final score read 117 – 111 Express, and the Hawks were feeling the pain they’ve caused for many other teams this season, a home loss.
Despite this loss, the Hawks did prove they were fighters, another staple of Baltimore sports teams. Though their fans were disappointed, they left the gymnasiums knowing their team fought hard, and stood firm behind the team. The Hawks have an opportunity to show their resilience next Friday, February 7th, as they face the Fayetteville Flight at home. Will they use this loss as motivation, and come up with another home win? We will have to wait until next Friday to find out. See you there.