Kelly Taylor of Beverly Hills 90210 is a positive icon for new generations

 

Who doesn’t remember of Kelly Taylor from the hit tv series Beverly Hills 90210?

 

Kelly today has two marriages ended in divorce and from her second she had three children.

 

Kelly’s career skyrocketed with Beverly Hills 90210 a prime time television drama that aired on the FOX network from 1990 until 2000 for a total of 10 seasons in which she appeared in 292 episodes.

 

Now we read in the news that she is got a “down to earth” attitude about spending money.

 

"I'm nothing like Kelly Taylor. In fact, Beverly Hills is not my scene at all. Yes, I live in L.A. but I don't live in a mansion with a cook and a butler." "Every day, I get up and make breakfast for my girls. I sit on the rug during story time at my daughter's school"Every minute is precious, and now more than ever, every dollar I bring home, or manage to save, means more safety and security for my family and our future””. 

 

Some malicious gossipmongers commented this recent statement with her recent divorce and by assuming that she’s in financial troubles.

 

From my point of view these comments are just meaningless as in my vision, at least from what she says, she’s got instead what I call some common sense. A mother who cares about her children and spend time with them is an excellent model for the young generations.

Back in the 90’s she was a model for teen-agers who are today’s family mothers. 

In fact In September 2008, Garth returned to the role of Kelly Taylor on the series premiere of the CW Network's spinoff series, 90210. In the new series, Garth's character Kelly Taylor is now a guidance counselor at West Beverly High, a role that perfectly fits with the 41 years old actress.

In real life, Garth and her children just moved out from their 8,416 square feet Toluca Lake home, who she bought together with Twilight actor Peter Facinelli, back in 2005 for the price of $2.85 million and which they have now put back in the market for $5,995,000 after having spent an undisclosed amount to renovate it.

After her latest divorce from Peter Facinelli, Jenie became a divorced single mom and together with her kids she just moved into a Los Olivos ranch with four dogs, two goats, five cats, two small horses and a pig.

In many occasions Garth stood up for animal rights and because of this she’s got all my respect as I am an animal activist too. Obviously today is more newsworthy the fact that a Hollywood actress stays home with her kids rather than the ordinary news of someone who got caught for drugs-related crimes or for a hit-and-run under DUI.

Today a mother who stays home and at the same time is a (successful) actress is big time news, as a matter of fact being this the case, I totally relate to my wife who besides being a great businesswoman, she took a wise decision to stay home with our kid and personally grow him . That’s why she sold the famous Teatro Nuovo, one of the most important theaters in Milano. Obviously the choice of being just a mom, is absolutely a respectful choice, because motherhood is the most important job ever.

Some media speculated on Jennie Garth’s comment about money in a negative way, “every dollar I bring home, or manage to save, means more safety and security for my family and our future”.

Instead this comment reminds me a lot Benjamin Franklin famous say: “a penny saved is a penny earned”.

I actually think that her attitude about saving and about financial security has led her to be a rich person under many aspects. Or at least I assume so.

Let’s start with the fact that Jennie Garth appeared in 292 episodes of Beverly Hills 90210 running from 1990 to 2000, that’s a ten years total. Let’s consider for a moment that under a financial point of view she can only rely on the fortune she made with this series. 

In order to net her incomes, let’s consider that the amount of her revenues for season remained the same along the years.

Let’s take some standard assumptions, because in this exercise we want to determine not the actress’ exact financial position but a more general approximate picture.

If we assume that with Beverly Hills 90210, back in the 90’s she made $30.000 for episode, Jennie made about 8.760.000 in 11 years, that means an income of about $800.000 a year. Let’s take these 800k as her whole income from the year 1990 to 2000.

At this point we could ask ourselves how much of that big amount of yearly incomes has been spent and how much is left out for investments and what kind of investment she made.

Here we present some possible scenarios:

The first picture is the one in which the person is lured by easy money and she spends all she gets. She doesn’t have a buck for investing and so she won’t have any potential income source. If Jennie had made this choice, now for her it would be very hard because she had to work to support her family, not considering her Alimony check.

I really wish she doesn’t fall in this picture.

The second scenario can be defined almost as “hilarious”.

Let’s speculate that for every working year of her life she only spent 20% of her total income and the remaining 80% she invested it in a series of 1 bedroom apartment in Upper East side Manhattan.

If this is the picture, her lifestyle would had been more sober during her working years, because instead of spending $800k per year she would had spent $160k circa. That’s always $13k per month, which during the 90’s was big money.

In this scenario, in 11 years of work she would had saved about $7 million, with which, back in the 90’s she could had bought 29 apartments for an average price of 240.000 bucks each. In this scenario, today she would had an estate of more than $14 million and an average value for each apartment of about $500k.

If this was the case, today she would had automatic incomes for more than $500.000 per year.

Not too bad…..

The third scenario is even more sparkling.

Let’s speculate she saved the 80% of her pay, like in the New York apartments case. If during the 90’s she had bought a 1 bedroom apartment in the best area of the Rumenian Capital, Bucharest, she would had bought at an average price of $30.000 per unit and now she would had more than 230 apartments.

Averagely, in 2013 those Bucharest apartments have an estimated value of $130.000, so her assets today would had been of over $30.000.000 and it would give her about $1.000.000 per year.

In practice if she had saved her money and invested in Bucharest, today she would had greater incomes than those she made working for the whole Beverly Hills series.

Obviously investing in East Europe it’s kind of difficult and you have to have the right connections there, I mean you have to work with people you trust and it’s thanks to this sort of “entrance filter” that today you can still make interesting profits in a city like Bucharest. 

At this point I really wish Jennie had invested in real estate.

I conclude by saying that if during the 90’s, she had the same saving attitude she has today, at present she could had stayed with her family and spend quality time with her kids without worrying for anything.

She just by had to keep her account book right checking her incomes and outcomes.

I wish instead she did not let herself get caught in the wave of buying properties and making too much building improvements like it seems she did with her Toluca Lake home, because the market would not recognize her today, indeed it seems that home is still stuck on sale with the same pricetag.

In this article we saw how much important is saving your money, but how even more important is investing in real estate.

If you are interested on how to become a Retire Rich personality you can read my other articles or you can write me to: luigiemanuelefoscale@gmail.com . I will personally respond to your email as soon as possible.

 

Yours,

Luigi Foscale

 

P.S.

Why if Benjamin Franklin makes a statement everybody applauds, while whether a good looking female says the same thing the very same crowd puts her down? I would like to debunk the false myth that an attractive person cannot be also smart and intelligent on a several levels: financially because she knows how to manage her assets and emotionally because she stays home with her children. All my respect to the attractive women who are also clever and a big applause to my wife who gives me the inspiration for this article. In fact still at today the under-representation of women in influential position are still a problem, all over the world, and this is a very serious matter because if we keep women out of our game we give up a crucial human resource who can instead make an enormous difference in our own future.

 

 

 

Sting, Music & Business

 

In our past posts we examined how many big names with great incomes, went from riches to rag and died in poverty.

 

How many times you read of this and that superstar’s jewelry being sold in a public auction? 

 

Or how many times you read on the papers about that NBA star ending in jail for whatever reason?

 

Unfortunately there’s a number of these examples. 

 

If you want to know it all, the list is going to grow… indeed I would really like to reveal who’s the next basketballer who’s going to get broke. I really do but I hold it back. 

 

Luckly, there are some music stars instead who are not just world famous singers, they also are great businessmen.

 

These are the people we should admire because they have been both successful in their art as well as in their business career, and in some cases they made their real money in this last one.

Today we talk about Sting.

 

According to the Sunday Times, Sting is one of the richest artist of England. Obviously everyone can imagine he made some serious money, however instead of wasting it in shenanigans like many of his colleagues, our man invested in many real estate properties. 

 

His Real Estate list goes from NYC, London, Malibu and a number of properties in the countryside. 

 

One of these properties is of particular importance because other than being really beautiful is also profitable (please allow me this personal judgement) and it supports his image of businessman.

 

You read it right. It’s profitable, it helps in supporting his image and staying there is a real pleasure.  

 

How could this be possible? 

 

Well that’s very simple.

 

Sting is a great businessman and he was able to exploit his real estate qualities and bring them out to their top.

 

Let’s start with his Tuscan property he and Trudie Styler own in Figline Valdarno about 45 minutes southeast of Firenze, a 300 hectares property (about 741 acres) in the world’s most exclusive countryside. The farm is called Il Palagio, (the ancient Tuscan word for Palace, a word used during the Renaissance age) which they bought from the Duke Simone Vincenzo Velluti Zati di San Clemente. Sting and Trudy they get it restored and even expanded the property with more acres (today is about 900) and they converted all the farming to Biodynamics.

 

At the Palagio, they produce and sell wine, Extra virgin Olive Oil and honey. Obviously their main production is wine. They hired top professionals for their business as their viticulturist is Alan York, while their Enologist is the world famous expert Paolo Caciorgna. 

 

The property lies in one of the best areas of the Chianti. The property includes: farms, vineyards, historical buildings and from all the above listed elements combined we can conclude his food products are of the highest quality level. Indeed we know their wine and their organic olive oil are exported both in England and in the US and are sold in places like Harrods in London or Dean and Deluca in the US. 

 

A second key element is the land. Tuscany’s land is absolutely unique, there’s no other place in the world like the Tuscan countryside and you can talk to whoever has been there he can tell you he immediately fell in love with it. Many of them bought a home there and for many is a permanent holyday destination. This made Tuscany a world’s famous tourist destination. 

 

Of course there are other elements that made Tuscany famous abroad, Just consider the fact that the British Royals love Tuscany and when they want to spend some time there, they go visit their Tuscan peers, as still at today many land owners in the Chianti Regions are noble families who own their properties as part of their family old heritage. 

 

However, if we talk about creating value, what’s really smart is to link excellent food products from a world famous land to a world famous music star who campaigned for environmental issues countless times. 

 

What a better way to support the environment than apply biodynamic farming into your own land? Besides we know Trudie donates a percentage of all profits to the environmental causes she and Sting support, like the Soil Association, which promotes organic food and farming in the U.K., and the Rainforest Foundation, which the couple founded in 1989.

 

I really admire Sting for the way he managed to create his Tuscan business and how he did manage to communicate it. 

 

Investing in Tuscany can be really an excellent investment other than a real pleasure. 

 

At this point I wish you know you can follow this profitable wave of investing in Tuscany and if you are interested in it, you can write directly to myself at luigiemanuelefoscale@gmail.com 

 

I will be happy to help you out with whatever question you might have regarding investing in Tuscany.

Luigi Foscale

A Real Retire Rich Story

 

This week I would like to submit you a very interesting case study that it was also showed on Discovery Channel’s “Europe’s richest people”. 

 

Indeed I think it’s extremely important to study rich people, how they did make their fortune and how did they manage to keep their wealth along the years.

 

I won’t reveal this person’s name for now but I can anticipate he’s a famous pop singer who went through some real hard times before he made it and who during his long career he collected something like 87 among gold and platinum discs. 

 

What’s interesting however is the fact that instead of squandering all of his money in a short time or living a losing life which would had ended in misery, like many people in the sport or in the show business, (among them even some American basketballer who at the latest London Olympics instead of focusing on his own job, tried to pick up another discipline’s gold medallist girl who was instead very smart and flatlined him).

 

During his whole career our singer saved up a fortune of about $110 million and he has been living with his wife for more than 40 years. Together they have four children, nine grandchildren and a beautiful dog.

 

I think it’s a great example of a Retire Rich story. 

 

How did he do it? 

 

Let’s study together the money psychology of this Retire Rich leader.

 

First of all he knew the show business was an erratic world and our singer was enough smart he knew money had to be invested in real estate.

 

With this simple-as-abc statement our singer managed to build a fortune along the years. 

 

It’s amazing to see how such a very simple statement may change a man’s destiny. He was convinced that in an erratic environment you needed financial stability. 

 

And he was right.

 

While you are reading these words, you understand you can adopt these beliefs too, you understand your financial destiny depends on what your beliefs are. Rich beliefs attract wealth.

 

In addition, our singer pronounced some words that could be considered as a real manifesto: “Always invest in the brick ‘cause it’s steady….it’s one of the best investments ever”. “Bricks can’t be spent, they’re there…. I am not a great businessman, my job is singing.”

 

“Always invest in the brick.“

 

”...it’s one of the best investments...”

 

“...Bricks can’t be spent...”

 

While reading these words, you understand that the right intuition about money can also lead you to wealth.

 

Attention and care over his fortune in the early years allowed this singer to keep his wealth. 

 

“How to handle money is very important in today’s world”.

 

“You have to be careful.”

 

“You could have made millions, and find yourself with your bank account empty.”

 

“Always look after your money.”

 

This is an entrepreneurial lesson. You have to learn how to manage your money.

 

Would you know what he invested on?

 

Our singer bought homes and hotels in different places: Las Vegas, Hawaii and Mexico. One of his best buy was the Pink Palace in Los Angeles, that he bought in the 70’s from a Hollywood diva for a knockdown price and which he sold in 2002 for $4 million. 

  

Don’t forget properties are the best investment as stated by a millionaire who has been accumulating properties for 40 years.

 

Our singer’s name is Engelbert Humperdinck.

 

He knows what life worth...

 

I really admire him and I wish to be an example like him one day. 

 

Luigi Foscale

Learning from rich people’s biography

There are many strategy books that aim at teaching you how to become rich.

 

My advice is very easy: You can learn much from studying how did someone become rich. 

 

Studying the lives of people of accomplishment can give you insight on their strategy, on the processes used, and they may inspire you how to become rich. If a person became rich with a certain strategy and you get to know that strategy because it fits your way of thinking or for any other reason, you can become rich too. 

 

Learning from the life of rich people can definitely help you if you are interested in becoming rich. Just find someone whose situation you feel to have some sort of affinity to (because of his/her personality, field of study, type of job) then focus on the strategy he/she adopted to reach his/her goals and that’s it. 

 

I am not saying you have to copy and paste it, in fact you have to take his bio as a starting point, as a series of creative inputs where you can start from and by adapting his/her formula to the peculiarity of your situation so that his/her way becomes Your way of becoming rich. 

 

Luigi Foscale