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As far as roadblocks, man, major cities be sewn the hell up.

I'm from Houston and it's damn near impossible to book most popular rap artist if you aren't this Jewish couple that owns a company called Scoremore, or Rap-A-lot affiliated.

Dudes like Chance, Big Sean, Kendrick Lamar, J. Cole, Wiz don't book with anybody who isn't Scoremore.

Dudes like Drake, Meek Mill, Kevin Gates, Migos don't book anything in Houston that isn't sanctioned by Rap-A-lot.

So me and partner had to start going on the road to places like Arizona, Michigan, Ohio to find these markets that really got a lot of fans but people forget they exist.

Also, a lot of venues are  :mjpls: when it comes to rap shows. For the Migos show we just did, we originally had a venue that could hold 7000 people and we were pretty confident we could sell it out, but the venue found out that the Migos had a shooting at one of their concert in Vegas recently or something and was like :whoa:

They cancelled our booking, we had to scramble and get a new venue, the new venue was a public city-owned venue so they were on some stiff shyt too, but luckily the little white boy we fukk with in that town had a plug to another white boy, whose mom was in charge of that venue. :lawd: She was mad cool, we assured her that we were gonna pay for enough police presence and we were going for a college kid market not a market that will bring shooters. After the show, she was damn near gonna suck me and my bro dikks because she was so impressed with how we handled the shyt.

There are so many local jokers that fukk up the rep of hiphop shows, venues are scared to book them because they associate them with violence, chaos, and unprofessionalism. nikkas be getting starstruck in the midst of these rappers not checking them and making sure the keep it professional, they be chasing hoes during the shows when they supposed to be keeping people from getting backstage, not respecting the rules of the venue.

nikka I've been around these rapper since age 19, I'm 24 now, I damn near hate rappers. I have little tolerance for the bullshyt and I'm not a square nikka. Most these rappers will respect you if they know they can't punk you, they be punking these cacs and peons. Once they realize they aren't dealing with a hoe nikka or a male bop they or their managers will usually switch their whole tone. And the cacs that run these venues will fall in love with you because you bring them that rap money they lowkey want without the bullshyt that comes with it. I'm not saying that you gotta be a street nikka, but just remember that these rappers are entertainers, not the guys that they rap about. But, it doesn't hurt to be able to bring out nikkas that are gonna handle shyt in a worst case scenario. Hell, if you aren't from that cloth, hire an big ass off duty cop to act as your personal security and they'll calm down quick.

Speaking of cops, fukk the police, BUT THE POLICE ARE YOUR BIGGEST FRIENDS IN THIS BUSINESS. If you know that you might bring out a rowdy crowd do not skimp on paying for police presence. They love events like this because they be getting like 100+ an hour to secure these shows, we spent around 11-12k to have 20 off-duty cops to work for 6 hours. But it was worth it, they being taking orders like soldiers because they want you to call them again for your next show and they can make that easy money again. The whole dynamic changes when you're cutting their check. Treat them with respect and they'll usually reciprocate it.

I swear this shyt isn't that hard, nikkas just be holding the game for themselves on some greedy shyt like everybody can't eat off this shyt. A lot of the simple stuff I'm telling nikkas on here, nikkas would hold on to for dear life. Then again it's so easy to make money in it, they want to keep it from becoming common knowledge.

The show we just did was actually supposed to make me like 135-165k initially, but the venue switch fukked that up a bit, and to make things worst the cops and management started to get :mjpls: :whoa: when so many people showed up for a hip-hop show, we were supposed to be allowed to bring out 5500 people and they capped us at 4000. That was a disappointment. Then the show almost got shut down because too many local ass bops (male and female) were on the stage. Once the cops told me they were gonna shut it down if the stage didn't clear, I damn near started throwing nikkas off stage like Uncle Phil. That would have been a total disaster and a complete loss on my investment.


:wow: where to start

:feedme:
 

criminology

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I got a promotion that pushed me over 110k/yr with a bonus that goes up to 25% based on company performance. Usually around 15%.

What's crazy to me is I also now get restricted stock units too. Growing up poor, I had never even heard of RSUs until they gave them to me. I left the meeting and had to google it.

Basically it's just another bonus given to me in the form of company stock every year. But now when I get promotions or significant raises it's not just some % of my base salary that increases, that RSU grant will go up too. It's just free money in stock that you can do whatever with.

I realized that day that the higher you climb the more creative ways you discover rich people find to pay themselves that poor people don't even know exist. Can't even imagine kind of deals those other people in my department get. :shaq2:
 
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I got a promotion that pushed me over 110k/yr with a bonus that goes up to 25% based on company performance. Usually around 15%.

What's crazy to me is I also now get restricted stock units too. Growing up poor, I had never even heard of RSUs until they gave them to me. I left the meeting and had to google it.

Basically it's just another bonus given to me in the form of company stock every year. But now when I get promotions or significant raises it's not just some % of my base salary that increases, that RSU grant will go up too. It's just free money in stock that you can do whatever with.

I realized that day that the higher you climb the more creative ways you discover rich people find to pay themselves that poor people don't even know exist. Can't even imagine kind of deals those other people in my department get. :shaq2:

It depends on how your RSUs are structured and when they vest. Typically you cant cash them out unless you stay at the company for a certain amount of time. RSUs are a good strategy to keep good employees with the company as they will want to stay longer and vest more(get more of that money). But some companies may give you RSUs that would be difficult to actually cash out unless you stayed way longer than you really intend.

Having said that, many times, if you are trying to leave and you have a strong skillset, you can convince another company to give you the value of the unvested RSUs as a signing bonus.
 

criminology

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It depends on how your RSUs are structured and when they vest. Typically you cant cash them out unless you stay at the company for a certain amount of time. RSUs are a good strategy to keep good employees with the company as they will want to stay longer and vest more(get more of that money). But some companies may give you RSUs that would be difficult to actually cash out unless you stayed way longer than you really intend.

Having said that, many times, if you are trying to leave and you have a strong skillset, you can convince another company to give you the value of the unvested RSUs as a signing bonus.

Yeah a portion of each RSU grant vests each year when a new grant is given and begins vesting on top. What's crazy is my company also still has a 1960s style pension plan. They've got the golden handcuffs shyt down. Almost impossible to quit after you put in 5 years.

Good tip on the signing bonus. Wouldn't have thought of that.
 

PrnzHakeem

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I got a promotion that pushed me over 110k/yr with a bonus that goes up to 25% based on company performance. Usually around 15%.

What's crazy to me is I also now get restricted stock units too. Growing up poor, I had never even heard of RSUs until they gave them to me. I left the meeting and had to google it.
Congrats, I assume you made the leap to director level. Was gonna explain RSUs to you but the last few replies covered it.
Typical RSU grants these days vest ratably over 3 years.

Like dude said earlier, definitely negotiate a signing bonus or a commensurate RSU Grant w your next gig
 

BushidoBrown

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Not rich last yr made about 160k.

Financial planner

High school 1 semester of college

this

Tons of ppl out here with bachelors degrees, masters etc crying broke and jobless

the decisions u make in ur late teens early-mid 20s are hugely important

If u move smart you have a tremendous chance of doing very well or living comfy

ppl would kill to earn 160k in one year
 

Mega

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I have a accounting degree make around 75k base salary. Plus I get my yearly bonus.

I own a small 1500 sqft unattended laundromat that netted 42k as of last year.

Combined I am looking at 120k.

Within the next year or so I am hoping to acquire another laundromat in order to increase my income.
 

Silkk

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I have a accounting degree make around 75k base salary. Plus I get my yearly bonus.

I own a small 1500 sqft unattended laundromat that netted 42k as of last year.

Combined I am looking at 120k.

Within the next year or so I am hoping to acquire another laundromat in order to increase my income.
You own & manage the laundromat operations on your own?
 

Mega

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You own & manage the laundromat operations on your own?
Yeah. It's unattended. Nobody there to oversee it Monday-Friday. On the weekends I stop by to check up on things. I have cameras in the laundromat that I can access remotely when I am at work. I also I have automatic doors that open and close on a set time.
 

Silkk

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Yeah. It's unattended. Nobody there to oversee it Monday-Friday. On the weekends I stop by to check up on things. I have cameras in the laundromat that I can access remotely when I am at work. I also I have automatic doors that open and close on a set time.
Nice, I would love to eventually get to the point of earning certain things like that, rental complexes, and carwashes.

How much did you have to put down to buy it if you don't mind saying and how difficult was the process?
 

Mega

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Nice, I would love to eventually get to the point of earning certain things like that, rental complexes, and carwashes.

How much did you have to put down to buy it if you don't mind saying and how difficult was the process?

I don't know where you located but if the price is right definitely get a duplex/triplex/quadplex. Live in one unit and rent out the other.
This is what I did and stacked up a lot of capital to start off my laundromat business.

I acquired the laundromat through a friend of my grandfather who wanted to get out the business. He was operating at loss and decided to shut down the laundromat. Fortunately for him he also owned the building the laundromat is located in.
The laundromat was in shambles. And was not been updated since 1992.

He wanted like 90k for it. At that price no one was showing any interest. I told him that the equipment he had was pretty much worthless. The machines had no value. Plus any potential buyer would have to drop some serious cash to revamp the whole space. The only thing he had that made the place desirable was the location in which the laundromat was located. It is placed in a high traffic, low income rental neighborhood.
I offered him 20k and negotiated the lease at a little under a $1 psf. Plus 4months rent abatement.
He accepted. Handed him the cash. Signed the necessary paperwork.And he handed over the keys.

I then met with several equipment manufacturers. Such as Speed Queen, Huebsch, Electrolux, Girbau Continental etc..
I settled with the Huebsch brand. They offered me the best financing terms at that time. I purchased a bit over 80k in equipment plus i also obtained a rehab loan. I put down 20%.

I 've been in operation since 2015. I will finish paying off my equipment loan next year. Thus increasing my equity in the business.

My goal is to step up to a bigger location around 4000-6000 sqft. And offer pick up \ drop off wash dry and fold.
 
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