Vancouver Canucks Coaches' Playing Careers: Brett McLean
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Yahoo
21 minutes ago
- Yahoo
Mark Cuban's Top 3 Money Mistakes (And What He Learned from Them)
Businessman and television personality Mark Cuban has become one of the richest and most successful men in America. From founding to owning the Dallas Mavericks and later investing in entrepreneurial hopefuls on 'Shark Tank,' Cuban knows a thing or two about savvy financial decisions. Yet, his journey is not without missteps. Trending Now: For You: Here are three of Mark Cuban's most high-profile money mistakes — and what he learned from each. Failing To Secure a New Contract with Steve Nash After becoming the majority owner of the Dallas Mavericks, Cuban took the team's win rate from 40% to an impressive 69%. But not all his decisions were good ones. Failing to secure a new contract with Steve Nash has openly been Cuban's biggest (and most expensive) regret. The decision to not bid higher (to re-sign Nash) was based on the advice of doctors who said Nash's body was breaking down. But Nash proved them wrong after moving to the Phoenix Suns. 'Nash won back-to-back MVP awards while playing for the Suns,' wrote 'In Phoenix, Mike D'Antoni let him run a run-and-gun offensive scheme that would change the landscape of the NBA.' Try This: No only did Cuban miss out on winning additional championships, but he lost the subsequent revenue that come with increased ticket sales, merch and higher team value. Cuban learned a valuable lesson that sometimes the best business and financial decisions have nothing to do with spreadsheets (or medical data and opinions), but, instead the tenacity and character of those you invest in. Never forget the personal element. Not Investing in Uber In the early days of Uber, Cuban had the opportunity to invest in the company but turned it down. While he liked the idea, he had reservations. 'He didn't agree with the valuation of the company,' stated insurance and finance expert at Melanie Musson. 'He saw the possibility of negatives, like pushback from the taxi industry, instead of the complete disruption that Uber would cause.' Today, Uber is valued at roughly $187 billion. 'When you're trying to disrupt, just bust through the doors and deal with regulatory issues later,' Cuban has since said. In other words, it's easier to ask for forgiveness than permission. Cuban learned it's better to take a risk on a good idea rather than getting bogged down by all the potential obstacles. Misusing Credit Cards Back in the day, Cuban played fast and loose with credit cards. He wasn't paying off his cards on time, and interest was accruing out of control. This cost him a ton of money. In fact, Radio Shack once turned down his attempt to buy a computer on credit because his credit score was so bad. Cuban has frequently stated, 'cut up your credit cards […] if you use credit cards, you don't want to get rich.' Paying 15% to 20% interest is rarely a smart move — especially when you consider the S&P 500 only has an average return of 10% per year. Nowadays, Cuban advises that, instead of investing, just pay down your credit cards and then burn them. He learned an important lesson familiar to young people: Don't become too heavily dependent on debt to get ahead — especially if you have no immediate path to pay it off. More From GOBankingRates 3 Luxury SUVs That Will Have Massive Price Drops in Summer 2025 I'm a Retired Boomer: 6 Bills I Canceled This Year That Were a Waste of Money 5 Cities You Need To Consider If You're Retiring in 2025 This article originally appeared on Mark Cuban's Top 3 Money Mistakes (And What He Learned from Them) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21 minutes ago
- Yahoo
How can Rory McIlroy challenge Scottie Scheffler at the Tour Championship?
Yahoo Sports' Jason Fitz and Caroline Fenton are joined by Yahoo Sports senior writer Jay Busbee to discuss the pairing of Scottie Scheffler and Rory McIlroy at the Tour Championship. View more Video Transcript Thursday, we get the pairing everybody wants. We get Rory and Scotty. Right? And I'm a big believer that the best Batman movies are defined by the villain also. So like I need a hero and a villain for all of this. Walk me through this. How does Rory really push Scotty? Can we get this sort of hero versus villain moment that everybody wants? Yeah, I mean, and it's, it's interesting because both of these guys, you know, you're not quite sure who the hero is or who the villain is at this point because they've both had their, their moments in the sun this year. They've, they've won 3 of the 4 majors. They've absolutely dominated the golf world. Rory is a little bit of an interesting character because he's, he won the Masters and then sort of, that this is a career achievement for him. It's a lifetime achievement for him and he was, he got to the finish line and he kinda, he collapsed literally and metaphorically. He hasn't really played as well as he has since then. So, and Scheffler seems to be at this, this incredibly high level. Fortunately, unfortunately for your narrative and, and fortunately for golf fans, uh, there's not really a defined villain here. A lot of the villains actually went over to the live tour, the guys that fans will would, uh, root against these two guys are both really easy to root for, but in terms of them pushing each other, yeah, that's what's gonna be interesting is because they're both hyper-competitive, they're both hyper talented, they're both at the top of their games. And if they both are committed enough and bring their game this week, it's gonna set up a really great Ryder Cup in a few weeks when both of them are gonna be leading their respective, uh, national teams. So who do you give the? I mean, until anybody stops Scotty Scheffler, you got to go with Scotty. He is, he's on an all-time heater. It's the kind of run that, that, that, that is, it draws comparisons to Tiger, but not yet Tiger Tiger-like. But yeah, he's, he's doing so, so well now that it's tough to bet against him until someone else steps up and takes him out. Close
CBS News
23 minutes ago
- CBS News
Watch live: Officials announce new Minnesota Hockey Hall of Fame plans
Officials are set to speak Thursday morning about the Minnesota Hockey Hall of Fame. Hockey legends — including Lou Nanne, Jamie Langenbrunner and Hall of Fame CEO Natalie Darwitz — are planning on discussing new plans for "honoring the state's unmatched hockey tradition and celebrating the legacy of Minnesota's players, coaches, and community leaders." CBS News Minnnesota will carry the announcement Thursday morning and update with details as they're available. Note: Streaming plans are subject to change
