What’s the deal behind the Michael Jordan success story?
How did he make his fortune?
Let’s break it down.
MJ Earned
- $90 MIL in 15 years of playing salary – SKILL
- $400 MIL from Air Jordans – PRODUCT
- $800 MIL from a 90% stake in the Hornets – OWNERSHIP
What Makes The Difference?
You see, when he was playing basketball, most of the money he generated went to his boss.
Only when he detached money from time by selling a product (Air Jordans) was he was able to 4x+ his income.
Then, he doubled it once more by getting ownership of a valuable asset. (Other players playing for him).
It all went full circle.
Can you make a lot from a skill?
Sure.
But the returns won’t be the same as owning assets.
There’s even a quote by mogul Felix Dennis that states:
If you want to get rich, ownership isn’t the most important thing. It’s the ONLY thing.
There you have it.
Are you underpaid relative to the value you’re providing?
You can solve it by getting your hands on a system of ownership.
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