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Making Money In Sports Part Deuce

On 07.12.10, In Entrepreneur, nba, nfl, by Gerard Spinks

Therefore, you will need to either adjust your lifestyle after sports
or you will need to ensure that the big stuff is paid off…

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This is a continuation of my blog post http://www.undagroundmilli.com/2010/07/11/how-to-deal-with-sports-money/.

How To Be Rich, Nigga by Gerard D. Spinks

How To Be Rich, Nigga by Gerard D. Spinks


If you purchase the mansion for $2Million cash money, you actually will only have $5 Million left. $5 Million dollars stretched out over the next 40
years of your life is not a ton of money. It’s certainly better than the average salary from a job but you don’t want to even consider earning a salary from a job after earning so much money from athletics. If you average your $5Mil over your 40 years after sports life, you will actually earn roughly $125,000 annually.

Therefore, you will need to either adjust your lifestyle after sports
or you will need to ensure that the big stuff is paid off during your high-income earning years. Pay off the house and the cars. But keep in mind that property taxes on a million dollar+ mansion can easily exceed $50,000 annually themselves. Don’t forget the property taxes. You can get foreclosed
on these.

Make sure your money earns more money by making wise investment decisions and working with a competent investment adviser.
I personally like seeing our peeps make a ton of money from playing sports. Sports are the fabric of American society and actually bonds people
together. Keep playing and keep saving and plan for your young and fun life after sports.

About the author

Gerard Spinks

Gerard Spinks is an author, writer, publisher, and CEO of Spinks Technologies, Gerard Spinks Publishing, and Spinks Industries based in Atlanta, Georgia in the United States of America.

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How To Be Rich, Nicca – Ghetto Tools

On 07.04.10, In Entrepreneur, by Gerard Spinks

I’m here to stand up for the silent peeps. The peeps that no one cares about and
that gets no love.

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This book is written for my lil sister-n-law who is smart as hell, grew up in Richmond, CA and is on a path to nowhere right now. I believe in her and know that one day this lil nigga will make it.
She needs guidance that her mother could never provide because moms was always high, in destructive relationships, and living with a pimp.

This book is written for my nephew growing up on the Southside of Peoria, Illinois and did a ten year bid starting in Juve Hall. And finally, this book is for my late brother, James Lee Spinks, who fought in Vietnam and died with very little to pass on to my nephews and whose son, Thamon, followed him in death one week later.

No one gives a shit about us niggas and no one cares if we want to build wealth too. They don’t think we can. I’m here to stand up for the silent peeps. The peeps that no one cares about and
that gets no love. This is for the niggas in the hoods who know that they can come up if they just had the right tools to get out of the ghetto and make somethin out of their lives. This is for
you niggas. Keep it on you everyday like a bible. Read it, hold on to it and send it to yo niggas down the street and who are hangin on the Ave.

About the author

Gerard Spinks

Gerard Spinks is an author, writer, publisher, and CEO of Spinks Technologies, Gerard Spinks Publishing, and Spinks Industries based in Atlanta, Georgia in the United States of America.

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Dealing With Troubled Waters

On 07.04.10, In Entrepreneur, by Gerard Spinks

For us black folks, we were born in troubled waters simply by being born in the United States.

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From my book “How To Be Rich, Nigga”:

For us black folks, we were born in troubled waters simply by being born in the United States. While I love this country and was born and raised here, the U.S.A. historically tried its best to knock us out of the box and de-humanize us, render us for poor, and leave us for dead. But, it couldn’t be systematically done and we bounced back and fought the good fight like nobody’s business.

We, of all people in the U.S., know about troubled waters and know that high tide can come and wipe out all kinds of stuff. But, at the same time, because we are intimate with troubled waters, we know how to withstand these floods, calamity, and disaster. We are very strong and can deal with stuff that others would simply jump off of a bridge if having to deal with it.

Please know that troubled waters are actually a part of life. High tide and low tide are natural occurrences of the earth’s ebb and flow and we must consider these as natural events and not events to wipe us out. We need to plan for these disasters now in order to secure the future.

About the author

Gerard Spinks

Gerard Spinks is an author, writer, publisher, and CEO of Spinks Technologies, Gerard Spinks Publishing, and Spinks Industries based in Atlanta, Georgia in the United States of America.

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How To Create An Oak Land

On 06.30.10, In Current Events, Entrepreneur, by Gerard Spinks

From the Book “How To Be Rich, Nicca”. A powerful oak tree simply cannot grow within the next two months, or even two years but if you plant the seed and have the patience to water it daily, it will grow into a sturdy, strong tree that cannot topple over. The key to building a [...]

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How To Be Rich, Nigga by Gerard D. Spinks

How To Be Rich, Nigga by Gerard D. Spinks


From the Book “How To Be Rich, Nicca”.

A powerful oak tree simply cannot grow within the next two months, or even two years but if you plant the seed and have the patience to water it daily, it will grow into a sturdy, strong tree that cannot topple over. The key to building a land of Oak trees lies in the fact that you have to go outside and water the tree when you cannot see it sprouting out of the ground.

You have to continue to water it when the tree is struggling and looking like it will never make it because it’s so thin. Don’t walk away from your tree. Give it water every single day and it will grow strong and pay you dividends beyond your wildest imagination.

Do not over water it and drown it because you want the tree to grow faster. Have the patience, courage, and the wisdom to grow your tree in due time. Faith will help you out in those difficult times when it seems that your tree is not growing fast enough. Keep believing!

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About the author

Gerard Spinks

Gerard Spinks is an author, writer, publisher, and CEO of Spinks Technologies, Gerard Spinks Publishing, and Spinks Industries based in Atlanta, Georgia in the United States of America.

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How To Be Rich, Nicca – The Internet Economy Post Mortem

On 06.30.10, In Entrepreneur, by Gerard Spinks

No one is going to set up a website and sell dog food to millions of customers within 3 months.

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The Ballers Guide To Major Figures

The Ballers Guide to MAJOR Figure$


In the dot com era, many cats wanted instant success and the venture capitalist companies bought into this instant ideology. Everyone came to see that the instant success was false. No one is going to set up a website and sell dog food to millions of customers within 3 months. The American media and even CNN became infatuated with this media darlings and some multimillionaires were created overnight back then in 2000.

The funny thing is that these people didn’t have any money in the bank but their firms were valued at $50 Million without selling anything. They did this because everyone wanted the instant cash effect and used the Initial Public Offering as a way to raise money and exit the business with a bucket full of cash and let someone else figure out long term strategies to grow and sustain a business.

It didn’t work. It failed miserably not because the ideas were bad. It failed because of the greed and wanting stuff to happen overnight. Wealth, as does any good and solid Oak Tree, takes time to build because it takes time to build a company, an idea, a product, or a service business.

Most people will fail within 36 months of starting a business because they simply don’t believe in themselves nor do they have the time to water and grow their idea. They lack the patience to success and lack the ability to strive and keep their dream alive. Do not get sucked up into thinking that you have to have success within the next month, next year, or immediately. Don’t listen to anyone who makes you feel like an idiot since your stuff isn’t selling right away. Give yourself time to grow. Patience and growth is the key to sustainability.

About the author

Gerard Spinks

Gerard Spinks is an author, writer, publisher, and CEO of Spinks Technologies, Gerard Spinks Publishing, and Spinks Industries based in Atlanta, Georgia in the United States of America.

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How To Be Rich, Nicca – Patience To Win

On 06.30.10, In Entrepreneur, by Gerard Spinks

From my book “How To Be Rich, Nigga” by Gerard Dunbar Spinks. As the bible states, “Patience is a virtue” and almost everyone has spoken on this truth. I would venture to say that most things worth doing in life will take upwards of 5-10 years to create and build. Of course, everyone in the [...]

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How To Be Rich, Nigga by Gerard D. Spinks

How To Be Rich, Nigga by Gerard D. Spinks


From my book “How To Be Rich, Nigga” by Gerard Dunbar Spinks.

As the bible states, “Patience is a virtue” and almost everyone has spoken on this truth. I would venture to say that most things worth doing in life will take upwards of 5-10 years to create and build. Of course, everyone in the United States is infatuated with trying to make and be an instant success. The media reports on this type of success and athletes are rewarded handsomely with huge sums of NBA type money at the age of 18. However, this type of success is the exception and NOT the rule.

I am truly happy for the LeBron James’ and John Wall’s of the world and the other young cats that make it early. But if you chart most of these athletes and people’s course over ten years, you will find a much different story of success. The rest of us need to have patience in working your dream and see it to fruition. This fruition process will take 10 years to come to life and manifest so you might as well understand this sooner rather than later. Building wealth is a process and has more slow to achieve processes built into it than fast to achieve processes.

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About the author

Gerard Spinks

Gerard Spinks is an author, writer, publisher, and CEO of Spinks Technologies, Gerard Spinks Publishing, and Spinks Industries based in Atlanta, Georgia in the United States of America.

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What To Do If You Fail – Determination And Persistence

On 06.22.10, In Entrepreneur, by Gerard Spinks

There are people with a lot of talent and no determination and they fail consistently.

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How To Be Rich, Nigga by Gerard D. Spinks

How To Be Rich, Nigga by Gerard D. Spinks


Many people have written about this key ingredient and it is very, very true. A lot of times, what separates people form one another are these two traits. There are people with a lot of talent and no determination and they fail consistently. There are people with a little bit of talent but huge amounts of determination and persistence and these are the ones who become leaders and celebrities.

In order to harness success, we need to have an immense dosage of determination and persistence. You need to keep driving and keep striving regardless of any bullshyt out there in your way. If it is hard to focus and get determination or if you give up after a couple of attempts, it will be very difficult to get and realize your ultimate dream. In most cases, the reality is that you will experience failure much more than you’ll experience success. I have personally failed with 5 different business attempts before I achieved success.

The point is that you must stay determined, resilient, and persistent and figure out how to keep that energy up even if you don’t see success right in front of your face.

About the author

Gerard Spinks

Gerard Spinks is an author, writer, publisher, and CEO of Spinks Technologies, Gerard Spinks Publishing, and Spinks Industries based in Atlanta, Georgia in the United States of America.

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How To Be Rich, Nicca – Athletic Math

On 06.16.10, In Entrepreneur, by Gerard Spinks

As an athlete, you can sign your contract in one of two ways

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New York Yankees third baseman Alex Rodriguez makes an off balance throw to first base to get the out against Toronto Blue Jays batter John Buck during the second inning of their MLB American League baseball game in Toronto June 4 , 2010. REUTERS/ Mike Cassese (CANADA - Tags: SPORT BASEBALL)

As an athlete, you can sign your contract in one of two ways: as an employee of the company/team or as an independent contractor. As an employee, you work directly for the Los Angeles Lakers or whatever team. As an independent contractor, you work for your own corporation that is incorporated as an INC., LLC, S corporation, or C corporation with your name on it. No other cat like a Don King can take your firm away from you because it’s yours and you are the majority shareholder.

To illustrate my point, Alex Rodriguez of The New York Yankees is a corporation. He had the choice to be an employee with an employee salary from the New York Yankees but years ago he established himself as a corporation outright. The Yankees do not cut a W2 payroll check to Alex Rodriguez. They pay his corporation a check made out to Alex Rodriguez Incorporated. If they paid him as an employee, it is no different than when we get paid. Taxes are taken out of his checks just like yours.

Since he gets paid as a corporation, he has more flexibility and the taxes are not taken out by the Yankees. This puts a huge burden on Alex’s tax accountants but since he has savvy accountants, lawyers, and investment advisers around him, it works for his corporation to handle his taxes and not get him into trouble financially.

This is why it’s important to have a sick tight team around you when you are making a ton of money. It’s important to have a reputable accountant, lawyer, and investment adviser. You’ve got to think about money coming in for you from the ages of 30-90 after you play ball. That’s 60 solid years of no income while your playing money only lasted from 20-30. 10 years of income, 60 years of no income.

About the author

Gerard Spinks

Gerard Spinks is an author, writer, publisher, and CEO of Spinks Technologies, Gerard Spinks Publishing, and Spinks Industries based in Atlanta, Georgia in the United States of America.

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How To Be Rich, Nicca – Mathematics II #music #entrepreneur

On 06.15.10, In Entrepreneur, by Gerard Spinks

Be careful out there especially when shit gets successful for you.

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How To Be Rich, Nigga by Gerard D. Spinks

How To Be Rich, Nigga by Gerard D. Spinks


In the music industry, cats always say that they want to sell 1 Million records and go platinum. the only reason that they must go platinum to make any type of money is because they only get roughly $.10 for every $1 in sales of the record or downloaded single. If they sell $1 Million worth of records, they will only see $100,000 from the sales because they don’t own their publishing rights.

Conversely, if they own their own publishing at least and get a decent distribution deal, they will earn $.80 for every $1 Dollar of album sales. They can make the same $100,000 by selling only 150,000 or so records. Ownership and doing the math is critical to ones success. Don King gaffled Mike Tyson out of money over math.

Be careful out there especially when shit gets successful for you. There are kinds of swindlers in the market waiting on the next person to take advantage of. These swindlers come in all races, shades, religions, and shades. Handle your business and set it up the right way before you bring other cats into your camp. Make sure your business documents and Articles of Incorporation outline you as the majority shareholder in your business.

About the author

Gerard Spinks

Gerard Spinks is an author, writer, publisher, and CEO of Spinks Technologies, Gerard Spinks Publishing, and Spinks Industries based in Atlanta, Georgia in the United States of America.

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How To Be Rich, Nicca – Mathematics I

On 06.14.10, In Entrepreneur, by Gerard Spinks

In contrast, I know a young software developer who dropped out of The University of California Berkeley and developed his own software company and sold it to investors for $25,000,000.

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How To Be Rich, Nigga by Gerard D. Spinks

How To Be Rich, Nigga by Gerard D. Spinks


Business is about mathematics. You have to become a numbers person in order to become successful at business. Traditional peeps and those corporate types in Atlanta who believe that the only people with skills have advanced degrees will disagree with me vehemently as a lot of MBA types think that becoming the best at something makes you do well. Bullshit. I have personally seen the best software engineers in the world in the Silicon Valley make $100,000 per year and people who know relatively nothing, supposedly, make $300 Million.

To illustrate my point, I know and hired one of the best software architects in the Bay Area. He is well renowned and respected throughout the finest organizations in the Silicon Valley including Intel, HP-Compaq, Sun Microsystems/Oracle, and others. This individual generates approximately $110,000 per year. Great money.

In contrast, I know a young software developer who dropped out of The University of California Berkeley and developed his own software company and sold it to investors for $25,000,000. This cat did not want to be the best and most highly educated software engineers in the world. He wanted to sell products, leverage his software, and offer it to thousands of customers across the world. He had a two page business plan that identified the goal, the strategy, and how he would do it on his own from his shared apartment living in Oakland, California. It took time but it worked and now he’s living in Boca Raton, Florida in a mansion on the water that cost $2.5 Million.

About the author

Gerard Spinks

Gerard Spinks is an author, writer, publisher, and CEO of Spinks Technologies, Gerard Spinks Publishing, and Spinks Industries based in Atlanta, Georgia in the United States of America.

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