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IT'S NEVER TOO LATE TO BUILD YOUR EMPIRE.

According to Forbes, there are 31 billionaires in the U.S. that are under 40 years of age. Now add to the equation, the numbers of millionaires all throughout the world, and there’s really no exact number because they’re being produced monthly. Now here’s a few more facts to consider:

 

– In the year 1900, there were only 5,000 millionaires in the United States. In 2000, there were more than five million. Before the Great Recession, there were 9.2 million households worth $1 million or more.

Only 20% of millionaires are retirees. Around 80% still go to work.

– Just 17% of millionaires or their spouses attended a private elementary or high school. However, 55% of millionaires’ children have attended/are attending private schools.

– Most modern American millionaires today (about 80%) are first-generation millionaires. Usually the fortune they build will dissipate by the second or third generation.

– Those with Russian ancestry have the highest concentration of millionaire households in America. The Scottish rank second and Hungarians rank third. English ancestry groups rank fourth. The Russian American millionaire group has approximately $1.1 trillion, or nearly 5% of all the personal wealth in America.

– Most American millionaires are manager-owners of businesses.
So does this have you motivated or depressed that you haven’t got your piece of the pie? Well here’s good news for all the late bloomers out there. Age is not a factor in creating your empire and it’s never too late. Take a look at a few of these folks who have built empires later in life.

Jeffery Brotman launched the bulk food warehouse Costco at the age 40 – that’s right – 40. I am sure you’ve heard plenty of people say that if you haven’t made it by 40, you probably won’t. Had Mr. Brotman believed that, we wouldn’t be shopping and saving in bulk at the ninth largest retailer in the world.

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But Mr. Brotman isn’t the only person to find true genius later in life. Henry Royce found his even later, founding the Rolls-Royce brand with partner Charles Rolls in 1904 at the age of 43.

Still not convinced? Sam Walton started the Walmart brand empire, also affectionately known as “Wally World” at the age of 44. In 2014 Walmart was named #19 on Forbes list of the world’s most valuable brands.

And the list goes on and on. In fact, there are more incredible examples included in the infographic featured here, which was created by information designer Anna Vital at startup organization Funders and Founders. You can peruse to find examples up to and including Charles Flint, who launched IBM at age 61, here.

So are you still thinking that you might be behind the curve ball in starting a new endeavor? Well you’re not and you’ve got plenty of time. Just go for it!

 

Featured photo credit: FundersandFounders/AnaVital via fundersandfounders.com

Featured tattoo in the header by Fernie Andrade

LEG SLEEVE TATTOO

Patrick came down all the way from San Francisco to get tatted, and he sat through this session and more. We’ll have the full story posted up on Monday so check back in and have a great weekend!

Samurai-tattoo

LOS ANGELES: THE LITTLE EASY.

This past weekend I took a trip to L.A. for the launch of my good friends bar, The Little Easy. In what could best be described as a NOLA themed bar situated in the heart of Downtown L.A., the bar boasts an intimate venue with plenty of surprises.

 

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Nestled between a few other businesses in DTLA, the entry is quaint and charming, but that just sets the tone for what’s to come. After walking through a winding corridor, we were surprised to find another room complete with a perfectly lit and centrally located fountain, and yet another bar which looked as it had been pulled from the architectural remains of an New Orleans estate. The romantic vibe made us feel right at home, and the ambiance is so welcoming that it makes you feel like breaking the bank, but then again that’s what a bar is supposed to do. Right?

 

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So if you’re in or around the DTLA area, be sure to stop on by The Little Easy and see for yourself what the hype is all about. Again, I’d like to congratulate my good friend Jigger on the launch of his new spot and along with the Fernie, friends and our better halves, thank you for the hospitality and we wish you the best in your new venture!

With respect,

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Robert Pho

 

EVERYONE'S A STORY.

“We’re all stories in the end.”

That’s the infamous quote from the popular television show, “Doctor Who?”

So now that I’ve dated myself, I will say that the quote is a proverbial truth of life. Life isn’t about money, cars, clothes, or material goods, life’s about stories. It’s the moments we create which make the stories we share, and in the end, that is how our name and our legacy lives on. Some stories will be good, others will be bad, but all of them teach us to appreciate what we’ve endured. The struggle is what makes success so good and without the bad, we would never enjoy the good.

Just like there’s heaven and hell, good or bad, it is necessary to have negative and opposing forces to truly understand the greater good and it’s what creates balance in the world. Think about it….What is positive without negative?

Long story short, open your eyes to what you have now and share your stories. Much like tattoos, each and every one of them has a story. Some are stories of tragedy, others are simply about drunken mistakes, but it’s up to us to seek the real meaning.

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This tattoo here done by Fernie Andrade is one that carries a lot of weight and family lineage. Done on a customer that flies in from NYC, the tattoo is a historical timeline of his family roots. Though it’s still a work in progress, we’ll chronicle this magical tattoo journey and share the story of how it came to be. It’s an insightful piece that’ll open your eyes to stories shared and stories which are forever memorialized in ink.

Contributed by SDT writer Jay V.

 

ELEPHANTS DON'T SWAT FLIES.

It’s the truth. Regardless of the industry you’re in there’s always going to be the naysayers, the doubters, the detractors and the haters trying to throw salt on your game. In short, you can stay in your lane and mind your own business but sooner than later, someones gonna swerve and try to disrupt your trip to the top.

 

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                                                         Agree? If so, then copy the image and please feel to repost on IG and please be sure to hashtag us. 

 

So what do you do when this happens? Nothing. Just keep your ego down, your skills up and keep making the moves that are making you that much more popular. Remember….Elephants don’t swat flies and no one has ever achieved greatness without a little bit of negative press.

Black and Grey tattoo by Fernie Andrade on Alphonse. This tattoo won “Tattoo of the Day” at Musink.

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Inspiration behind the post: 
Recently,  I was talking to a friend (who by the way is not in the tattoo industry), and he was talking about the amount of heat he caught for recently getting a big promotion. Needless to say, people in the office were talking smack and spreading rumors and after a week it finally got to him.

About an hour into our conversation, his grand father came out and said, “Listen up cry baby, elephants don’t swat flies and people don’t talk garbage about nobody, they talk about somebody, and you’re somebody. So suck it up, and strive for more.” 

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 What’s your point of view?
 

As we both sat there laughing, he pulled open the sliding doors with a beer in his hand and said, “This is my point of view…who cares about anyone elses point of view. I built this house on hard work, not gossip, and anyone can do the same.”

As we sat there kind of stunned he followed up by saying, “Jealousy isn’t new. It’s older than I am except  you kids call it ‘hating’, it’s a part of life, a part of the process, and a sign that you’re doing just fine. Ask MJ or Kobe if everyone liked them, or better yet ask Kim Kardashian, heck she married a guy that looks like a squirrel but heck…he’s got a whole lot of chestnuts in his piggy bank. “

Wise words from an 86 year old.

 
Contributed by SDT writer JV – An LA based writer with an affinity for tattoos, long drives to the beach and an intolerance for stupidity. 

FOLDING PAPER.

Who doesn’t love a good George Washington tattoo? Not only was good ol’ Mr. Washington, the very first President of the United States, but he also became the poster boy for trust, unity and wealth. Lately he’s also become the new face and icon of #MCM (Man Crush Monday)  for men and women all over the world and why not? Here’s a tattoo that our resident artist Fernie Andrade busted out last week.

It’s interesting to note that the face we’ve connected to wealth is also the face of the former President who also had his own financial woes. Here’s some little know facts about George Washington:

– George Washington had to borrow money to relocate and attend his own inauguration.

– George Washington never went to college.

– Mr. Washington had to borrow money more than once during his Presidency as most of his money was tied up in land holdings.