Tag Archives: Bryce Harper

Financial Freedom, Financial Independence, Investing, Wealth

How Buying Super Bowl Tickets Could Cost You $2 Million Dollars

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American, Football, Sport, Game

I like sports. Watching sports. Playing sports. It’s great exercise and a way to encourage team building, leadership, and character.

However, going to an actual sporting event is a whole other matter entirely. I did some research and found out that regularly going to sporting events can make you BROKE!

Going to see your favorite sports team could put your bank account on empty faster than a housewife with all-access to your credit cards!

I’m not talking $50 tickets here. Oh no. We are talking thousand of dollars to watch Brady, LeBron, and Bryce Harper do what they do best live and in person. It will cost you.

This year’s Super Bowl is coming up on Sunday and if you want to get into the stadium, you better be prepared to give up a couple mortgage payments.

Here is everything you need to know about the upcoming Super Bowl and how it can really cost you $2 million bucks!

EVERYTHING YOU NEED TO KNOW ABOUT SUPER BOWL LIV

Super Bowl LIV: San Francisco 49ers vs. Kansas City Chiefs Hard Rock Stadium – Miami Gardens, FL on Sun Feb 2 at 630 PM. 347 Don Shula Drive Miami Gardens, FL 33056

After doing some research on Super Bowl ticket pricing, I found a comprehensive listing of the event on vividseats.com. This information comes straight from their website.

Super Bowl Ticket Information

Your Super Bowl tickets are available at Vivid Seats – the football fan’s top destination for tickets to the biggest game in American sports. Buy Super Bowl 54 tickets for the grand finale taking place on Feb. 2, 2020 at Hard Rock Stadium, home of the Miami Dolphins. Vivid Seats has long been a trusted partner of football fans attending the NFL’s marquee game. Featuring an industry-best customer service center and flexible delivery methods, you can rely on our ticket marketplace as your hassle-free connection to great Super Bowl 2020 tickets. Call 866.827.7094 for personalized order assistance today with Super Bowl LIV tickets today.

Super Bowl Ticket Prices 2020

How Much Are Super Bowl Tickets for 2020?
No matter what you’re looking to spend, Vivid Seats has Super Bowl 2020 tickets to fit your budget. Super Bowl tickets cost $7655 this year on average.

How much is a Super Bowl ticket for 2020?
At Vivid Seats, we have tickets to the 2020 Super Bowl starting at $4815 with an average price of $7655.

Cheapest Super Bowl Tickets
While even cheap 2020 Super Bowl tickets are going to be more expensive than most NFL games, there are still great deals to be found. Prices will fluctuate based on many factors such as inventory and demand, so be sure to get your cheap Super Bowl tickets before it’s too late! The cheapest Super Bowl tickets cost $4815.

How do you get tickets to the Super Bowl?
Snagging tickets to the Super Bowl can be tricky, but at Vivid Seats, we make it easy to find your perfect tickets to the 2020 Super Bowl. Browse our wide selection of Super Bowl tickets today!

Who is performing at the Super Bowl 2020 halftime show?
On Sept. 26, the NFL announced that Jennifer Lopez (JLo) and Shakira would perform at the Super Bowl 54 halftime show. Demi Lovato will sing the national anthem.

When Is the Super Bowl?
Super Bowl 54 will take place on Sunday, February 2, 2020.

Future Super Bowl Locations
Super Bowl 2021: Tampa, Fla.
Super Bowl 2022: Inglewood, Calif.
Super Bowl 2023: Glendale, Ariz.
Super Bowl 2024: New Orleans

Super Bowl 2020 Parties
Super Bowl 2020 Parties include the Bud Light Super Bowl Music Fest and the Rolling Stone Super Bowl Party.

YOU HAVE TO PAY THE COST TO BE THE BOSS OR SIT NEAR THEM

What really jumped out at me was the average ticket price of $7,655. This is an insane amount of money to spend on one day for a few hours of entertainment. I would rather invest that money.

Matter of fact, I could invest in all the companies that are sponsoring the Super Bowl such as Frito Lay, Bud-light, Live Nation, Ticketmaster, Delta Airlines, Marriott Hotel, and Fox. All these companies have a stake in the game and are making a mint off all those SB parties and tailgating. Let me get in on the action too!  

According to Marketwatch, tickets purchased through Ticketmaster LYV, -2.30%, the official ticketing partner of the NFL, is higher than any other year in the past six years, the company said Tuesday.

TICKET PRICES ON ALL THE MAJOR TICKETING SITES

It would be safe to say that there is a monopoly going on with where you can purchase tickets. Much like healthcare in the America, buying event tickets is starting to become a racket.

I know folks that say healthcare will cost their families $1,100 to $1,800 or more per month. That is outrageous!

It is eye-popping prices like that which case people to forgo getting teeth pulled and limping around on crutches for a month before finally getting that sprained ACL looked at.

Ticket gouging is all the rage and I feel the general public is being taken advantage of. However, if you do not agree with me that’s cool. I can only speak for myself in saying I am not willing to pay $5,000 on one event unless I had that much income or more coming in off my passive investments every month.

That being said, I am taking you behind the curtain of Super Bowl ticket prices.

Prepare yourself and gird your loins.

Image result for ticketmaster logo

Ticketmaster prices ranged from $4,950 to $26,125 for VIP. That is what some colleges are charges for anywhere between one semester and four years of college!

Vivid Seats prices ranged from $4,900 to $14,136. And unless this was a typo, a 11-person suite would cost $327,020 each. Are you freaking kidding me?! That is the cost of a house! If you invest that money and let it ride, you could be a millionaire in like 12 years!

Image result for stubhub logo

StubHub prices ranged from $4,945 to $49,000. Again, investing this money and letting it ride would make you a multimillionaire.

Over 40 years with a 10% interest rate, you could have $2,217,703.52 in your retirement account and be a 401(k) multimillionaire!

Granted most people are not willing or able to cough up this dough, but for those thinking able maxing out 10 credit cards to be treated like a VIP for like six hours you are giving up $2 million.

Image result for seatgeek logo

SeatGeek prices ranged from $4,448 to $17,425. You could send you kid to college or on a European immersive education endeavor to learn different cultures and languages.

Fun Fact: The late great NBA legend Kobe Bryant spoke Italian fluently as he lived abroad with his family as a kid while his father played in the NBA. May he forever rest in peace.

Here is a Super Bowl price tracker from SeatGeek.

EventDateAverage Resale Price
Super Bowl LIV2020-02-02$10,973
Super Bowl LIII2019-02-03$5,073
Super Bowl LII: New England Patriots vs Philadelphia Eagles2018-02-04$5,373
Super Bowl LI: Atlanta Falcons vs New England Patriots2017-02-05$3,976
Super Bowl 50: Denver Broncos vs Carolina Panthers2016-02-07$4,531
Super Bowl XLIX: New England Patriots vs Seattle Seahawks2015-02-01$4,268
Super Bowl XLVIII: Denver Broncos vs Seattle Seahawks2014-02-02$2,598

According to CBS, $40,000 Super Bowl tickets could get you admitted to the “72 Club,” so-named after the Miami Dolphins’ perfect 1972 season.

Their $40,000 ticket includes black car service to and from Hard Rock Stadium, a private lane on stadium grounds to bypass traffic, a private concert from an A-list performer, high-end food and booze, and even access to the field for the post-game celebration.

And if you want more luxury and exclusiveness there’s an even higher level for the V-VIPs: Nine open-air living room suites that Walls says feel “like sitting in the back of a yacht, only at the 50-yard line.” Priced at $750,000 per suite, it’ll cost about as much as a yacht, too.

Again, investing this money could make you a millionaire in like three years. Obviously, you have to be a high roller with a net worth of like $25 million to even consider this kind of excess IMO.

Here’s where most millennial’s are investing. You could do the same instead of going to sports events.

One of my absolute favorite blogs posts out there is about why not to invest time and money into professional sports by blogger Mr. Groovy at Freedom is Groovy.

Heck, that $750,000 swanky VIP suite cost is my FIRE number as that amount spits off investment enough income for me to live off of and not have to work again.

I put my money into index funds and let it ride. You could put it into 500 index funds like me. The S&P 500 is up 200%! Get in on this market!

Especially, considering that 50% of Americans are not invested in the stock market and have $0 in savings and investments.

I am all about rejecting new car ownership to become Financially Independent. No new cars and no Super Bowl tickets for me. I want to be free!

But this is your life. You decide. You want to spend $40,000 to watch football live or let that money ride in Mr. Market for 40 years and have $2 million in net worth?

Invest your money into you and your family instead of sports teams and their billionaire owners.

You heard it here first folks.

Financial Freedom, Financial Independence, Investing, Real Estate, Saving, Wealth

How not to be house rich, cash poor

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“If we command our wealth, we shall be rich and free. If our wealth commands us, we are poor indeed.” —Edmund Burke

I remember watching an episode of Property Brothers and they were telling this couple that you do not want to spend too much or overspend on a home and end up being house rich and cash poor.

They instead wanted the couple to buy a fixer-upper, do some sweat equity, renovate the home, and put that money into their pockets.

Basically, when you buy a turn-key home, the work has already been done and you are paying the homeowners for the money they put into the home on renovations.

However, then you buy the house at a markup.

This is due to the fact that they may pay $20,000 for renovations and then the property may increase in value by $40,000 or double what they paid. Thus, allowing them to increase the purchase price of the property, ergo you pay them to renovate.

That’s pretty steep for move-in-ready.

If you do the work yourself, you get to keep the value that the home increases by.

This means buying a fixer-upper for $300,000 and putting in $20,000 for renovations will push the home value to $340,000 and let you keep the $20k in equity for yourself instead of putting it in someone else’s pocket.

If you read my last post, Save $10,000 by Avoiding PMI, then you know I am all about saving that paper.

So, let me show you how not to be cash poor, but house rich.

WHAT DOES HOUSE RICH, CASH POOR MEAN?

According to Investopedia, “house poor is a situation that describes a person who spends a large proportion of his or her total income on home ownership, including mortgage payments, property taxes, maintenance and utilities.”

Basically, you are paying more for your home than you can afford or simply buying too much home.

If you have to pay more than 40% of your income for your dwelling, then you will become cash poor.

Matter of fact, if the value of your home decreases, you can be both house and cash poor.

When you are house rich that means all your money or wealth is tied up in your home. The home equity may be something like $150,000, but you only have $1,500 in the bank. That is not even enough to cover one month’s mortgage payment!

In order to shift this, you would want $40,000 in the bank, and to owe less than $150k on your home. That $40k would be enough to pay one year’s worth of expenses including mortgage payments ($1,600 x 12 = $19,200).

You would need a fixed rate mortgage to help you do this.

STAY AWAY FROM VARIABLE RATE LOANS

The ARM, or “adjustable rate mortgage” loan is too dangerous. Any loan product that can change at the drop of a hat and without a moment’s notice is too risky.

Let’s think about this for a second. Why is anything at a drop of a hat so bad? Well, did you ever see the movie Tombstone?

The idiom is likely to have come from the Old West, when duels would begin with a signal consisting of a man grabbing his hat and thrusting it toward the ground, before weapons are drawn.

Is this any way you want any part of your life to be lived?! Absolutely, not.

Entertaining in the movies sure, but not for real life.

This type of trickery should be left out of the equation.

First, lenders approve you for wayyy too much. Second, they tell you it’s okay to only pay the interest when it’s really not. As you cannot get out of debt, without paying off the principal of a loan.

And going for the trifecta of trickery, the third thing lenders do, and this is the hat trick, your mortgage payments jump so high Bryce Harper couldn’t catch it!

Your mortgage payments spikes upward too sharply for most folks to keep up.

A reasonable $1,600 mortgage payment could reset and go up to $2,400 in a single month!

That’s no joke.

I had a conversation with someone this actually happened to. Shocks like this are hard for most people to fathom and continue to live comfortably.

A fixed rate loan allows you to plan the monthly budget in advance.

When you how much you monthly nut has to cover, you are just better off.

HOW TO BE CASH RICH

Buying a home for less than you can afford is a start.

If you are approved for $400,000, then slash this amount by 25%. This equals $400k x 0.25 = $100,000!

You heard me. Then bank says $400k, and then you say:  I’ll go $300k.

In one fell swoop, you both cut the amount of home you buy and monthly payment by 25%

You then take that $100,000 and over the course of the 15, 20, or 30 years you are paying your mortgage, you put this same amount into mutual funds.

You could do the S&P 500 index. Do whatever you want.

The goals are to simultaneously invest that money and pay down your mortgage.

For instance, that $100k over 30 years translates to investing $277 per month for 360 months. That would allow you to save anywhere from $500,000 to over $1 million depending on your rate of return through compound interest.

That means over a 30 year time period you have paid off a worth an estimated $300,000 or possibly more as home value may increase during this time and have an additional $800,000 in investments.

You would have a net worth of $1.1 million and would put you in the top 10% of wealthy households in America. See my post; Join the top 10% club for more on this.

WORDS OF WISDOM

A few words of wisdom to follow:

  • Buy less home than you can afford
  • Spend no more than 25% of your income on the housing payment
  • Invest the difference of the savings you received from not paying the full amount approved for
  • Stick to a housing budget
  • Have a god size emergency fund of 8 months or more

It sounds so simple, but most folks are actually living beyond their means and buying my house than they can afford. I have actually seen people in their 50s signing up for 30 year mortgages! Holy crap! The odds of paying off this home are slim at that age.

If you can follow the advice I give above, you could find yourself at the top of the economic pyramid.

Don’t believe me? Read my post Join the top 5% club and find out!