Sunday, 15 March 2015

Apotheon

Recently I have been reading up on the ancient Greeks. It's always good to learn and when you get fascinated with something I always suggest just diving right into the subject and learning as much as you can. Luckily a game came out that highlights ancient Greek art styles. The idea is that you play a game with an artistic style of the ancient Greeks. I played the game and it's pretty good.



One thing that I always like to remind people about is to get your ideas out the door because otherwise somebody else will do it. I had this idea years ago. Now I am not saying the developer's copied my idea. Remember if you have an idea, then hundreds to thousands of other people will have the same idea. If you have a good idea, don't wait and especially don't think that you are the only person to have that idea.

So what will I do next? I think I will use this aesthetic for my games as well. Even though people will say "It rips off Apotheon", I don't really think that's an issue.Remember you can build upon what is already in existence.

Back in 2008 I had an idea for a game and in that game there was a section where you play as an Egyptian Hieroglyph. When brainstorming, I thought of doing the same thing with Greek art. Either way, go play Apotheon, make sure you release your creative ideas and don't be afraid to build upon what is already in existence. Here is a screenshot from my game.

Sunday, 22 February 2015

How to make 1 million dollars a year

A million dollars is a lot of money but it isn't as much as it used to be.  Adjusted for inflation, 1 million dollars in 1985 is about 2.2 million today. Nevertheless, making 1 million dollars a year would be fantastic.

How do you do it? Most people would try and find a way to make it organically such as getting a good job and saving or trying to start a business. These are both great ways to make 1 million dollars. These will give you the capital to start your road. What most average people do is different from what most rich people do. Rich people invest their money and really rich people use calculated risk.

In order to make 1 million dollars a year you have to be lucky. This can be a business idea or just good luck on investments. Rich people manage their risk. You can make 1 million dollars a year by investing it and using compound interest to your advantage.

All you have to do is get 11% a month on your investments and compound it each month. You need about 300k to make this work. That is the minimum you need to make a million dollars a year. Let's take a look at a boring chart.

MonthMonth InterestTotal InterestTotal Value
1$33,000.00$33,000.00$333,000.00
2$36,630.00$69,630.00$369,630.00
3$40,659.30$110,289.30$410,289.30
4$45,131.82$155,421.12$455,421.12
5$50,096.32$205,517.45$505,517.45
6$55,606.92$261,124.37$561,124.37
7$61,723.68$322,848.05$622,848.05
8$68,513.29$391,361.33$691,361.33
9$76,049.75$467,411.08$767,411.08
10$84,415.22$551,826.30$851,826.30
11$93,700.89$645,527.19$945,527.19
12$104,007.99$749,535.18$1,049,535.18

Here you can see the month and the interest accordingly. How do you get these kind of returns? Well, stocks can easily swing this amount within a month. Commodities can as well. You can invest in double leveraged ETFs. This way the commodity in question can sing 5-6% in either direction and you can make your money. Most commodities have a bear and a bull so you can make money either way. 

Once you make the million dollars you have to pay taxes on it. This differs from country to country but let's say you have to pay an average of about 20%. 

That means you have 800k left. The following year you can take another 300k and do it over again. Rinse and repeat. Out of all of the ways to make money, this is by far the easiest. You can be anywhere in the world and become a millionaire. 

Sunday, 15 February 2015

How much do you really need to retire?

Most people don't get a retirement these days. If you do it's most likely in the form of a defined contribution plan. This means that you contribute to it through out your career and you take it out when you retire. How much money you get in that retirement is unknown. Some people get a defined benefit retirement. This is where they just pay you money for the rest of your life. These kinds of retirement plans are few and far between.

I asked myself the other day: what is the minimum amount you need to retire?

Most people would tackle this problem by taking the income that they need to live and then multiplying that by how many years they want to be retired for. This would give you a number somewhere in the millions and it doesn't account for simple compound interest and investing rules.

How much do you really need? The answer is actually quite a bit lower than you would expect. The answer is just 500k. This number would work for most people. Here is how it works.

If you invest your money in a diversified portfolio you should get at least 10% a year. If you invest 500k and get a 10% return, you will have 50k extra to live off of. Of course this is subject to tax but for a retirement, this isn't too bad.

You can actually make 6 figures in a year if you use your margin account. In most margin accounts you can borrow the same amount of money you have in your account. If you had 500k in your account, you can borrow another 500k. What poor people do is they see this and then they go buy a Tesla or some other fancy car.

What this means is that you can borrow 500k bringing the total amount of money to 1 million dollars.This gets interesting because 10% of 1 million dollars is 100k. Of course this is subject to taxes but this will give you a very comfortable income.

It seems that all you have to do is save 500k and you can retire for life. Next time we will talk about how you can make 1 million dollars annually.

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