March Money Madness in the Pittsburgh Business Times!

March Money Madness in the Pittsburgh Business Times!

Check out this great article from the PBT on how firms are putting March Madness to work for them.  They included a lot of info on my March Money Madness Bracket Challenge…and a great picture if I do say so myself!

Sign up for the Bracket Challenge TODAY!  The entry fee is only $5 and the winner will walk away with 50% of the total entry fees!

CLICK HERE to register!

From the article:

Companies are finalizing their March Madness lineups in preparation for college basketball’s NCAA Tournament tip off.

Financial adviser Rob Wilson, for example, is set to unveil an online competition, March Money Madness, on March 12.

“It works just like filling out a bracket for the NCAA tournament, only instead of using 64 college basketball teams, I use 64 stocks,” said Wilson, vice president at South Side-based Blazer Capital Management. He didn’t increase the field to 68 as the NCAA did this year because of “technology limitations.”

Participants, who register on the website, www.marchmoneymadness.net, can compete with everyone who signs…
Read more: March Madness: Firms put tournament fever to work | Pittsburgh Business Times

MoneyMonday – Jeremy Lin Saves the Stock Market + Buy an iPad for $11!

Can Linsanity even affect the stock market?

Can you buy an iPad for $11?

Find out in this Presdient’s Day edition of MoneyMonday

MoneyMonday – Giants Win Means Buy Facebook?

The New York Giants win over the New England Patriots in Superbowl XLVI could be good for the stock market.

Should you get in on the Facebook IPO?

Are you ready for March Money Madness?

Join my March Money Madness Bracket Challengeand you could win $250,000*.

For details go to:

http://www.marchmoneymadness.com

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Terrell Owens Upset About Financial Problems

If you’ve ever wondered why I do what I do, here is a good example. Even superstars with Television shows are susceptible to financial problems.

It’s important to surround yourself with individuals that have your best interest in mind. Can’t get your advisor on the phone? Fire him immediately.

Former Vick Advisor Guilty of Ponzi Scheme

 Uh, I’m guessing that as long as athletes are paid large salaries, the business will continue to attract a lot of shady individuals.  What would make someone believe that they could get away with something as foolish as this???

OMAHA, Neb. — An Omaha financial advisor, whose clients once included pro football quarterack Michael Vick defrauded investors of more than $3 million over a four-year period, according to the U.S. Attorney for Nebraska.

 Mary Wong, 46, pleaded guilty to Securities Fraud in U.S. District Court.

 According to a U.S. Attorney’s news release, Wong acted as a financial advisor and solicited millions of dollars under false pretenses. Then she failed to invest the money as promised, instead spending the money on her “lavish lifestyle”, and businesses under Wong’s control.

view the full article here

Think Outside The Office

There are skills that you can develop outside of the office that can help to differentiate you and accelerate your career so that, ultimately, you make more money.

I’ve teamed up with The Dance Cafe in Pittsburgh to help teach you one of those skills.  Here are the details:

FREE Salsa Lessons

Tuesday, July 27th

CLICK HERE to RSVP!

The Dance Cafe, 805/807 Liberty Avenue, Downtown Pittsburgh

Session 1: 7:30 pm – 8pm

Session 2: 8pm – 8:30pm

Here’s a quick preview!

The Fortunate 50!

Tiger still on top of the list of highest paid athletes!

You can’t stop them — you can only hope to re-sign them. Extracurricular scandals, contract holdouts and ugly labor negotiations seem to have rocked professional sports more than any other point in recent memory. And yet financially, athletes seem nearly bulletproof.

For the seventh consecutive year, SI.com has compiled a list of the 50 top-earning American athletes by salary, winnings, endorsements and appearance fees. The average earnings of those on the list have reached an all-time high of $26.2 million (up 11 percent from ’09).

In a year in which Tiger Woods’ image has been forever tarnished — costing the perennial No. 1 tens of millions in endorsement dollars — he still stayed ahead of the curve. Tiger’s earnings were down more than $9 million from a year ago, but he still earned nearly $30 million more than the No. 2 athlete, fellow golfer Phil Mickelson.

Read the full article at SI.com

Why I Do What I Do…Part II

Every so often I have to remind folks in sports and entertainment why they need a financial advisor.  Any questions?

If you are still not convinced, check out my earlier post on How and Why Athlete’s Go Broke.

America’s Next Top Gold Digger

Model Sues NFL Star for $70k per Month in Child Support

I know that 50 said “Have a baby by me baby, be a millionaire,” but I don’t think he meant for it to be taken so literally.

ANTM finalist Nik Pace is suing Jets WR Braylon Edwards for $70k per month in child support for the son that she birthed in September. 

In one of the most ridiculous funniest statements that I’ve heard this year, her lawyer called Edwards’ petition to be recognized as the child’s father in Atlanta rather than in New York a “cold, calculated act to pay less money.”

If it takes $70k per month to raise a child these days, I’m scheduling my vasectomy in January.

BK Has It His Way

 Cincinnati Coach Brian Kelly Bolts for Notre Dame, Proves BCS is Meaningless

As if we needed any more evidence that the college football system has everything to do with cash and nothing to do with the sport, Cincinnati head coach Brian Kelly leaves the school and takes the job at Notre Dame, just weeks before his UNDEFEATED, 3rd ranked team is set to play 5th ranked Florida in the Sugar Bowl.

I can understand jumping at the opportunity to take your dream job.  I can also understand bolting for the money, he has to feed his family you know.  What I don’t understand is how he could leave his team right before the biggest bowl game in its history.

Oh wait, yes I can.  The Sugar Bowl means NOTHING.  Cincinnati isn’t going to play for the national championship so the Sugar Bowl and every other non-national championship Bowl games are meaningless excuses to sell ads, beer and hotel rooms. I mean, do you remember (or care) who won the Papajohns.com Bowl last year.  Is there a  trophy for that (a giant dough roller perhaps)?  Do old guys tell their grandkids about rushing for 100 yards in the Motor City Bowl?  No.  The Bowl system in terrible.

Someone please make these Bowls into playoff games so that the post-season will mean something. Perhaps then, these student-athletes won’t have to worry about their coach being  whisked away by the highest bidder.