For anyone following the sick nasty Packers this season, they’re not only stompin’ everyone on the football field, but they’re now giving *anyone* a chance to OWN a part of their team as well! That’s right, as of yesterday afternoon YOU too can own a piece of your very own NFL team :) Woop Woop!
Of course, we all know that investing in my beloved Redskins would be the ultimate ticket around (hah!), but needless to say my interest was piqued w/ the Packers too. That is until I found out that not only are they going for $250 a piece PLUS a $25 handling fee, but they’re virtually not worth a thing! They don’t increase in value, there are no dividends coming out of them, and you certainly can’t bump the line of the thousands of people waiting to get their grubby little hands on season tickets. I do hear they make for good mantle pieces though ;) You frame those bad boys up and the Wisconsin girls just go wild for it.
Overall an A+ on the cool factor though… And it reminded me of something I read a few years back about how up and coming players were “selling off” portions of their future income as high-risk investments. I can’t remember their names, or what teams they played for, or where I even read it for that matter (it’s a good thing I’m not a journalist, huh?) but I do remember the whole concept went a little something like this: “You give me $XX,XXX now, and you’d get X% of alllllll my future earnings for the next 20 years!”
So pretty much if you BELIEVED that this guy or girl would just kill it in the professional leagues, your money would pay off BIG time over the years. And all advertising deals, future contracts, businesses, etc would just mean even more money for you as time goes on. How you would even track that, I haven’t a clue, but the concept was pretty fascinating to me because it was like you *owned* a part of someone’s life. Or at least their professional one…
Imagine if someone invested in YOU? They’d pony up $25,000 and get 2% of your future income for years and years to come? That would be crazy… and also, kinda awesome J Unless one day you decided you were good to go and didn’t feel like working again after nabbing a few hundred G’s off everyone, haha… or you got hurt on the job or had a baby or anything else that would require you to cut back on your career for an extended amount of time. Too risky in my books.
Actually, the real reason I’m blogging about this today is to let you know that the Stock of J$ is now for sale! Yup! For only $199.99 you can own 1/25th of all future blog income! Woohoo! Who’s in? I’ll even add a part of my brother’s and sister’s salary in there too – I’m sure they won’t mind ;) (All serious inquiries can sign up here.)
As crazy as all this sounds though – from both the Packers to these wanna-be-entrepreneurs, I gotta admit it’s a nice change from reading about gold conspiracies and mutual funds every other second. At least here we get to dream! We get to be a part of something legendary and we may or may not lose a fortune in doing so ;) It’s the American Dream baby! It’s our money and we can risk it in any damn way we please, right?
Now if you’ll kindly excuse me, I gotta hurry up and pick me up a little piece of some Justin Bieber action. I heard that kid’s about to blow it up!
(Best photo in the world by joelrivlin)
Jay loves talking about money, collecting coins, blasting hip-hop, and hanging out with his three beautiful boys. You can check out all of his online projects at jmoney.biz. Thanks for reading the blog!