NBA Player Reggie Bullock Purchases $2M Private Island In Belize To Build Generational Wealth – Yahoo Finance

NBA player Reggie Bullock acquired an island with the goal of building generational wealth.
During an interview on the podcast, “Funky Friday with Cam Newton,” Bullock revealed he purchased a private island in Belize for $2 million. He stumbled upon the land on YouTube, and he felt it would be the right business move.
“I found Belize off YouTube,” the Houston Rockets small forward told Newton. “When you getting funds from our profession and what we doing, it’s like, ‘What I’m going to do with it?’ And one of my main things, it was just more about generational wealth for me. It was a project that I felt like I should jump on, and it’s never really been done before. But I was all up for the challenge for it.”
Bullock sent some of his family to visit the island, and they didn’t entirely see the vision. Bullock personally surveyed the property during the All-Star break, likely in 2022, per Basketball Network. It was then that he identified various opportunities, one of which included a family vacation spot.
“I saw the property and I was like, ‘Okay, this is it.’ You know what I’m saying? I know what I can do with this,” he explained to Newton. “I mean, all the islands around there is doing some of the same things, and I’m going to go spend my money every time on a vacation spot for my family. So, why can’t I have a space for me to be able to rent out and enjoy it with family.”
Need a trip to Bullock island ASAP @ReggieBullock35 #MFFL pic.twitter.com/XNz1UY7Xi0
— MFFL (@Mavs_FFL) May 29, 2023
According to Basketball Network, Bullock also plans to build a mansion, multiple villas, and more establishments in the future.
“It’s a space that I can’t wait to be able to just sit back and enjoy it with my family and see all the hard work that it’s taken now to actually see this come,” he shared. “When I am 40, 50 years old we’ll always have a pad that we can all call home. So, that was my main thing going in.”
A major change coming in 2027 could boost the retirement savings of millions of lower- and middle-income Americans. The federal government will start matching 50% of retirement account contributions up to $2,000 per year through the new Saver’s Match program. This money injects funds directly into savers’ accounts rather than simply reducing tax bills. For […] The post The Federal Government Will Match Your Retirement Plan Savings By 50%. Here's Who Qualifies. appeared first on SmartReads by Sma
Investors fearing a brutal stock market crash are still waiting with dread. But it's already arrived for a group of battered S&P 500 stocks.
Ken Griffin, founder and CEO of hedge fund firm Citadel, is making headlines in the real estate world again. The Florida native continues to purchase homes and land in Palm Beach as he prepares to build one of the most expensive residences in the world. In 2019, Griffin made history by purchasing a New York City penthouse for $238 million — at the time the most expensive residential property transaction in the United States. Don’t Miss: You can now partially own mansions with $99. Join the ranks
Treasury yields at 5% are actually normal compared to historical standards, Oppenheimer's chief market strategist said.
Altria Group stock dove Thursday after investor disappointment with guidance. The dividend yield swelled nearly to double digits.
I’m 77 years old and I requested my 401(k) fund administrator to prepare my RMD. I was told I do not have to withdraw my money if I am still employed. Please confirm if this in fact an IRS rule or that of the fund management company? -Bea That is correct, Bea. If you are […] The post Ask an Advisor: I’m 77 and Still Working. Is it True That I Don’t Have to Take RMDs? appeared first on SmartReads by SmartAsset.
Mortgage rates have been steadily climbing to highs not seen in over 20 years, and now a trend from the 1980s as reemerged. More buyers are seeking assumable loans.
Warren Buffett's Berkshire Hathaway is being sued by the billionaire Haslam family, which accused the conglomerate of using improper accounting to devalue its remaining 20% stake in Pilot Travel Centers, the largest U.S. truck stop operator. The family, including Cleveland Browns football team owner Jimmy Haslam, sold Berkshire a 38.6% Pilot stake for $2.8 billion in 2017 and another 41.4% stake for $8.2 billion in January. According to a complaint made public on Thursday in Delaware Chancery Court, Berkshire has unilaterally and without consent adopted "pushdown" accounting rules that artificially reduce Pilot's earnings before interest and taxes, and "grossly" reduce how much the Haslams would receive if they sold their remaining stake.
Market sell-offs in 2016, 2018, and 2022 successfully tested the S&P 500's rising 200-week moving average almost to the penny.
Long-term care for seniors is one of the biggest gaps in America's safety net. For many of us, as we get older we will require longer and better care. In some cases, this can mean a health aide or other … Continue reading → The post How to Protect Your Parents' Assets From Nursing Homes appeared first on SmartAsset Blog.
(Bloomberg) — The VIX is at 20, stocks are on the brink of their worst October in five years, and every other day the bond market throws a fit.Most Read from BloombergIsrael Latest: Iranian Minister Warns US Over Support of IsraelHouse Speaker Mike Johnson’s First Big Bill Cuts Biden’s Climate Change FundingEverything Apple Plans to Launch at Oct. 30 ‘Scary Fast’ Mac EventS&P 500 Extends Slide From Its July Peak to 10%: Markets WrapFor equity bulls conditioned to dive in at any sign of weakness
The Biden administration celebrated the surge in U.S. GDP growth Thursday, but economists and analysts warn it could be the last hurrah for an ailing economy.
Chris Watling, founder and CEO of Longview Economics, believes the U.S. economy is headed for “tough times.”
The Federal Reserve's preferred inflation metric showed prices continued to cool in September.
Electric vehicle sales have hit a tipping point in the US.
SOFI Technologies (SOFI) is likely to witness a year-over-year increase in earnings and revenues in the third quarter of 2023.
The best CD rates available nationwide are 6.50% from Financial Partners Credit Union, 6.00% from Credit Human or Sandia Area Federal Credit Union, and 5.80% from Seattle Bank.
Shares of ExxonMobil and Chevron fell Friday after they reported third-quarter results, which highlighted why each made recent large acquisitions to boost their U.S. output.
In the closing of the recent trading day, Nikola (NKLA) stood at $1.03, denoting a -1.9% change from the preceding trading day.
Advanced Micro Devices' (AMD) third-quarter results are expected to reflect a challenging macroeconomic situation and stiff competition.

source