These millionaires grew their wealth without a superstar job or get-rich-quick tricks
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Welcome back to our Sunday edition, a roundup of some of our top stories.
Hopefully, you’re unwinding from work this weekend and avoiding looking at emails or answering calls. That is unless you work for “Shark Tank” star Kevin O’Leary, who has a real problem with Australia’s new “right to disconnect” law.
This week’s dispatch
Ready for kickoff
It’s the most wonderful time of the year: football season.
The NFL returns in full force today after primetime games aired on Thursday and Friday. America’s favorite pastime has plenty of interesting storylines to follow on the field.
Can the Kansas City Chiefs be the first team to win three Super Bowls in a row? How will Los Angeles Chargers coach Jim Harbaugh do in his return to the NFL after winning a national championship with the University of Michigan? Will Aaron Rodgers play more than four snaps for the New York Jets? (Dear God, I hope so.) Off the field, the action is pretty good, too. (And I’m not talking about you-know-who.)
As the crown jewel of live TV, the NFL remains a key piece of media deals. Three media giants were set to launch a sports-focused streamer that would have shaken up the landscape, but that’s been put on hold. However, one new face is streaming games this season: Netflix.
Speaking of new entrants, private equity has gotten a (minority) seat at the NFL ownership table. Some firms are positioned to win big now that the league has finally opened its doors to institutional investors.
And while we’re on the topic of winning, it’s only right to mention gambling. ESPN Bet hopes a New York launch coupled with the football season can help turnaround its business.
Bettors aren’t faring much better from an economic perspective, according to some studies. And differing state laws and partnerships between sportsbooks and leagues have made the industry feel a bit weird.
Status symbols ≠ wealth
Not all millionaires are living the flashy lifestyle you think they are. And circumstances like family wealth or a superstar career aren’t the only ways to catapult yourself into a higher tax bracket.
In fact, Business Insider spoke with several millionaires who achieved their riches without using get-rich-quick tricks. Instead, they grew their wealth by investing wisely and being frugal with their spending for a decade or more.
More of this week’s top reads:
Inside the hard-partying world of America's wildest lawsuits.
Feeling stuck at a job you hate? Here are 4 ways to unstick your career.
Longtime Tesla bull Ross Gerber details his journey from Elon Musk's biggest believer to his loudest critic.
You don't have to be a millionaire to retire before 50, accountant says. Here's how she did it.
Gen Z men and women spend their money and free time very differently
I was 'stealth' laid off from my Silicon Valley job 9 months ago. After over a hundred applications, I've given up and moved home.
A Gen Xer who grew her savings from $50k to $350k in 10 years shares the FIRE methods she's using to get to $1 million
Curated by Dan DeFrancesco
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OK Boštjan Dolinšek
Taking time off to recharge is as important as working hard. It's essential to maintain a healthy work-life balance for overall productivity and well-being. Different perspectives on the 'right to disconnect' law certainly make for an interesting debate. Looking forward to delving into this piece in the Sunday edition of Insider Today. #WorkLifeBalance #RightToDisconnect
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3moSorry Is there a "Right to disconnect, from Kevin O’Leary, Law yet???" it is getting a little tiresome.. I already have a watch... And some bitcoin..