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9 SIGNS you’ll never be Rich

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Should I pay my kids for Chores??

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Ronnie Hill

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Garage that Apple and Google Started in!

6 Incredible Companies That Started in a Garage
If you think you need a corporate office to get your business started, think again. Find out how these multibillion-dollar companies launched in the unlikeliest of places.

June 02, 2014However massive they may seem now, at one time, some of the largest and most successful companies around started in someone’s garage. Sometimes the garage was at the childhood home of the company’s founders. Other times, the entrepreneurs had to rent a garage just to get a little privacy for their ideas to grow.The humble beginnings of the following six multibillion-dollar companies prove that great ideas are still great ideas, no matter where they’re started and developed.

Apple

It’s one of the most valuable brands today, so it’s often surprising when people learn that Apple’s first computers were built in a small garage in Cupertino, California.

In 1976, Steve Wozniak created the first Apple computer. He then joined forces with the late Steve Jobs and another partner, Ronald Wayne, to launch Apple Computer Co. from Jobs’ adopted parents’ garage. One of their first big orders was from a local retailer who ordered 50 computers at $500 apiece, which they were able to produce in just 30 days. Although Wayne had already abandoned the business, Jobs and Wozniak successfully reached their goal in just 30 days.

Today, the Silicon Valley home where Jobs grew up is listed as one of the city’s historic properties.

Americans Mourn Passing Of Apple Co-Founder Steve Jobs - Apple's first computers were simply built in a small garage in Cupertino, Calif.
Address: 2066 Crist Drive, Los Altos, California

Hewlett-Packard

Just 10 miles from the garage where Apple was started, Stanford graduates Bill Hewlett and Dave Packard launched their own company, Hewlett-Packard Co. (HP), in 1939 with an investment of just $538. In the 12-by-18-foot garage in back of the house they were renting, Hewlett and Packard built their first product: an audio oscillator. One of their first customers was Walt Disney Productions, which bought eight audio oscillators to use for certifying the surround sound systems installed in theaters for the film Fantasia.

The garage was used as a research lab, development workshop and manufacturing facility for nearly a year before the partners outgrew it and moved to roomier quarters nearby. The company was incorporated in 1947 and, 10 years after that, became a public company. Today, Packard’s garage is a private museum and is known as the “birthplace of Silicon Valley.”

HP Restores Garage Where Techology Giant Got Its Start - Bill Hewlett and Dave Packard started their company HP in 1939

 

Address: 367 Addison Avenue, Palo Alto, California

Amazon

Four years after being named the youngest vice president of a successful Wall Street investment firm, Jeff Bezos quit his job and moved to Seattle to pursue what he believed to be untapped online retailing opportunities in the book industry. He set up shop in his garage in Bellevue, Washington, and began developing software.

Because he couldn’t have meetings in a garage with a potbellied stove, Bezos held meetings at a nearby Barnes & Noble, where most of Amazon’s first contracts were negotiated. In July 1995, Bezos launched Amazon.com and sold his first book from his garage startup. Two years after that, Bezos issued his IPO. The company is now the world’s largest online retailer.

 

Jeff Bezos Launches Bezos Center For Innovation In Seattle

 

Address: 10704 NE 28th Street, Bellevue, Washington

Google

Larry Page and Sergey Brin met at Stanford in the mid-1990s and decided they wanted to start a company together. Two years later, the partners established Google’s headquarters in Susan Wojcicki’s 2,000-foot Menlo Park garage for $1,700 a month. At the time, Wojcicki—who held a senior vice president position at Google until January 2014—was a recent business school graduate and rented out her garage to the Google guys in order to make her mortgage payments.

Within one year, the Google team would outgrow the garage space and move to an office in Palo Alto along with their eight employees.

 

Larry Page and Sergey Brin met at Stanford in the mid-1990s and decided they wanted to start a company together. Two years later, Google sets up its headquarters in Susan Wojcicki's 2,000-foot Menlo Park garage for $1,700 a month.

 

Address: 232 Santa Margarita Avenue, Menlo Park, California

The Walt Disney Co.

It’s the highest-grossing media conglomerate in the world, and it all started in the summer of 1923 in a one-car garage that belonged to Walt Disney’s uncle, Robert Disney. At the time, the company was called The Disney Brothers Studio and was located about 45 minutes from today’s Disneyland Park in Anaheim, California. In this small space, the team filmed the Alice Comedies, which would later inspire Disney’s version of Alice in Wonderland.

A few months later, Disney, along with his brother Roy, moved to a bigger lot down the street from their uncle’s house, which is where Disney signed a deal with Universal Studios to distribute the Alice Comedies. And the rest, they say, is animation history.

 

Walt Disney

 

Address: 4406 Kingswell Avenue, Los Angeles, California

Mattel

In 1945, before Mattel became the American toy manufacturing company, company founders Harold “Matt” Matson and Ruth and Elliot Handler were making picture frames out of a Southern California garage. From the scraps of the picture frames, which were made of Lucite and flocked wood, Elliot started making dollhouse furniture. Ruth, who worked at Paramount Pictures, is said to have landed her husband’s first order by bringing a suitcase full of the dollhouse furniture to a store on Wilshire Boulevard not far from her job.

The success of the dollhouse furniture pushed Elliot and Ruth (Matson had left the company due to poor health) to focus solely on manufacturing toys. In 1959, Ruth invented the Barbie doll, named after her daughter, Barbara.

 

In 1945, before Mattel became the American toy manufacturing company, Ruth and Elliot Handler were making picture fames in their Southern California garage. From

 

But these uber successful companies aren’t the only ones that started from small garages. Cloud company Box.net, mobile payment company Square and Tesla Motors were all launched from a garage. And garages aren’t the only usual place companies are born. Nike started out of founder Phil Knight’s green Plymouth Valiant’s trunk, and the beginning of Michael Dell’s computer empire came together in his dorm room at the University of Texas at Austin.

The lesson here is that the most amazing ideas have no boundaries. From small, rented garages to multibillion-dollar companies, anyone who’s passionate about an idea can start—and grow—that idea anywhere, as long as they have a little privacy and room to shut out the rest of the world.

Story written by Vivian Giang. Published in AmericanExpress.com

 

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Automatic Millionaire

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Tribute to Bill Britt & His IMPACT!

Sincere Tribute to Bill Britt –

When I was 14 years old, I came home from summer visit with Mom and Dad sat me down to explain that he started a new business venture.  He showed me the Amway Plan and I got it right away.  I had never heard of any type of business like that.  It made sense.  I sat in on meetings and events and then became obsessed with listening to tapes (yes tapes, i know, i know…a long time ago :))  Well, Dad had to be careful not to give me a Bill Britt, Dave Severn, Jim Mainor, or any real strong speaker right before I went to bed because I had trouble sleeping.  Nowhere had i ever heard of people talking so strongly about Business Ownership, God, Principles, Love of Country, Freedom and Family.  And all were very successful.  Most had quit there jobs and were living a life of Freedom without Bosses and 9 to 5 jobs and were simply building their business.  Going through all the challenges with growing up, I continued to listen to tapes.   They were shaping me as a person.  Then when I was 19 years old, I went to a business seminar that Bill was doing.  I had been to them prior, but for some reason, this event was unique.  The whole weekend they kept talking about the SECRET was going to be shared Sunday.  After many testimonies, there was no way I was going to miss Sunday’s meeting!  You kidding me… the SECRET was going to be revealed.  I really already knew what they were going to be talking about, but Bill Britt was talking right to me.   I don’t remember the exact words but after a long story of how God is the foundation of his life and the Secret was confessing with your mouth and believing in your heart that Jesus died for us on the Cross, I knew it was time to give my life to God.  Along with hundreds and hundreds of other people, Bill Britt delivered the ultimate message to me!  What words could I possibly have to show my appreciation to this man!   I then told others that they have to learn about the Secret and brought others to his Sunday service at future events.   Because they wanted to learn the secret, I saw my friends Keith, Vernon, Vernell, Joe, and Karen all go through the same process within the next couple years from a Bill Britt Sunday morning non-denominational teaching and testimony straight from the Bible.

Bill was so strong in his message that many had trouble with his dominant speech, but there was no question about it, you knew where he stood.  Though I am no longer in the Amway business, Bill will always be remembered and honored by me.   His impact on me is one of the main reasons that I haven’t had a boss in over 20 years, have owned many businesses, and that I give God all the credit and Glory.  From me, my friends, and the thousands of others that you gave the Secret to, Thank you!  You have been one of my greatest Mentors and Heroes.

Bill Britt
Picture

Bill and Peggy Britt
Bill Britt: A strong, opinionated leader, at one time his organization may have represented half of all Amway volume.  Through his love of God, Country and Business, he transformed many lives.  If the Scorecard of life is determined by the number of people that are better off because you lived, then Bill Britt aced the test.  Thank you Bill and Peggy!  Bill Britt died on January 23, 2013 in Jacksonsville, Fl to live his life in eternity with the Lord.   He will be greatly missed for positively impacting so many!
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Thank You!! (Eternal Glasses Needed!)

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Evidence Of Your Faith!!

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Money Problems is Not Solved by Money!

78% of NFL Players Go Bankrupt Within 5 Years & NBA Players In…

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Bankruptcy

So writes Jason Cimpl (wyattresearch.com) in edited excerpts from his original article entitled Five Reasons Professional Athletes Go Broke.

Cimpl goes on to say in further edited excerpts:

If data from Mint.com is accurate, the average athlete is destined to go (quickly) from fame to shame. Here are five possible reasons why:

1 – Overspending
Scott Bercu, a financial accountant for professional athletes, believes this group spends like mad, and blows their savings too rapidly. He said, “They see their salaries as infinite, like it doesn’t end, like they can’t spend it all but if you get $5 million a year, by the time you get done paying your agent and taxes, you have $2 million left to spend.”

2 – Career duration
The average career span in the NBA, MLB and NFL is 4.8, 5.6 and 3.5 years, respectively.
The “shelf life” of athletes is tiny. Professionals in this industry have a small window to make their millions, and if they don’t they cannot survive on their savings for very long (even if they saved responsibly).

3 – A lack of finance knowledge
Ed Butowsky of Chapwood Capital Investment Management believes athletes don’t understand finances. He says the leagues try to help educate them, but the system doesn’t work well enough.

Athletes see prominent people spending money, and they believe that their spending pattern should be the same. However, athletes fail to take into account that those prominent members have spent a lifetime learning about financial responsibility and budget strategies.

4 – Poor investment decisions
Also, according to Butowsky, athletes are targets for poor investment pitches. He said, “Chronic over-allocation into real estate and bad private equity is the number one problem in terms of a financial meltdown. I’ve never seen more people come to me about raising money for those kinds of deals than athletes.”

5 – Hangin’ with a bad crowd
Athletes often do try to be responsible with their savings. However, they pick the wrong financial advisors. The NFL Players Association claimed that 78 players lost a total of $42 million between 1999 and 2002 as a result of bad financial advisors. In fact, Bob Young – managing director for APEX Wealth Management – says athletes often don’t know who manages their savings. He said that he frequently asks players how they’re doing (financially), and they’ll often respond, “I have no idea. All the bills are paid by someone else.”

A few quick thoughts of my own

[It is very disconcerting] if the NFL and NBA data is correct. That’s a high rate of bankruptcy, and the leagues should provide better guidance for its atheletes….[Unfortunately,] professional athletes are easy targets. They are highly visible, have lots of money and limited experience.Though I find it hard to imagine losing millions of dollars in savings in such a short span of time, I also have a solid financial background, applicable work experience and a family that educated me on personal finance issues. Before pointing the finger at athletes, it may be wise to step into their shoes (cleats) for a minute  … maybe their financial woes aren’t entirely their fault or a result of reckless spending.

The above article has been edited by Lorimer Wilson, editor of munKEE
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Turn Tradegy into Triumph!