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How Trump Ending the Iran Deal Will Impact Gas Prices

Written by adminMay 14, 2018

We all know how fickle gas prices are. I used to joke every time they rose that someone must’ve hiccupped in the Middle East.

When Trump decided this past Tuesday that it was time to end the Iran nuclear deal, we as Americans either supported or opposed it based upon our knowledge of the situation and political affiliations, but we didn’t think about the other ramifications this might play out – and one that could severely hit our pocketbooks.

Now, the important thing to know is this: this U.S. gets no direct gas import from Iran, but many of our allies do. These are the same allies who have blasted Trump in the past several days for his decision to cut the nuclear deal, probably more out of personal interest.

One country who holds a lot of cards in this situation is China. 1/3 of all of Iran’s gas output is guzzled by China, and where China falls in this whole situation will play a major role in future fuel prices.

In fact, if you haven’t noticed yet, the prices have already surged up merely on rumor of Trump’s well-guessed decision to cut ties with Iran. While it doesn’t directly tie in with where America gets its fuel, any drop in the global supply will ultimately ratchet up the prices.

With China being Iran’s number one customer, this doesn’t bode well for the relationship of the two countries who are already deadlocked in an impending trade war. The situation will become grave indeed if the Trump administration decides to impose sanctions on countries who continue to help Iran.

Our European allies, who also seem quite frustrated with Trump’s decision, also seem less likely to play along. But even if they do, undoubtedly to keep Trump happy, sanctions on Iran won’t be as impactful if the U.S. can’t get China on board.

The last time Iran was under sanctions before the nuclear deal was created by the Obama administration, Iran just churned out more oil to beat any economic hit they might’ve taken.

China went from buying 420,000 barrels per day to around 481,000 barrels. Just before the nuke deal was about to expire, they dramatically increased their imports to around 700,000 barrels per day earlier this year in expectation of the deal to fall through.

Recently, OPEC and Russia made a deal to cut oil supply, along with Venezuela and Saudi Arabia. The uptick in the U.S. economy means the demand for oil is back on, and now increased volatility in the Middle East may just create the perfect storm for another hot summer with higher gas prices.

Bank of America, along with other experts, are already predicting a return to $100 barrels of oil this summer, which will do nothing but put increased pressure on nearly every industry that is still recovering from the decade-long recession.

Written by adminMay 10, 2018

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Owning a home is part of the big American dream. It’s why we care about going to college and getting the best education money can buy. When it’s time to settle down and start a family, part of the process involves securing a mortgage.

Right now, millennials fall within this age group. They’re graduating college, but find that life outside the campus isn’t as easy as they first thought, forcing them to live at home.

The first issue is the current housing economy. Millennials are starting their families, yet they find that housing isn’t so easy to find anymore. When they do find something, the prices are through the roof. That’s because the high demand coupled with low inventory sends cost nearly to unattainable levels on its own.

The cost of rent is much higher. 23% of millennials say they felt forced to buy a home because rent was way too high. Rent has gone up in 85 of the top 100 cities, according to a survey from the Department of Housing and Urban Development.

This isn’t the only thing stopping millennials from buying a home. The other issue is their debt.

Currently, 62% of millennials have student loan debt, which exacerbates the cost of home ownership. 45 million Americans owe $1.5 trillion in student debt, as it was recently reported. It’s a new record that doesn’t seem to be going away anytime soon.

Almost 1/5 of those with student debt owe $100,000 or more. That’s a lot of money and it works against them when it’s time to buy a home.

A large amount of student will not only take a large portion of your income (if you’re paying back regularly), but also put a huge dent in your credit. If you’re credit isn’t in tip-top shape and you already have a large amount of debt, banks will be less likely to give you a loan.

Even if they do feel confident enough to do so, you can bet the interest rate will be enormous.

That’s why 80% of millennials blame their lack of home ownership on their student debt. Regardless of their need to escape high rent costs and/or they’ve started a family and need a bigger place, their student loans made their dream impossible.

Debt-to-Income Ratio

According to the National Association of Realtors, nearly 1/5 of those who can’t get mortgage approval are denied because of student loans. That’s because their debt-to-income ratio is way too high. Banks look it as unsecured debt, which is applied negatively towards the borrower.

If a large chunk of your income is going towards student loans, that means you probably don’t have much of an opportunity save money. If you can’t save, then you can’t afford a down payment.

85% of those with student loans say they delayed buying a home because they didn’t have the money for a down payment. Most former students pay between $350-$500 each month for their loans. That makes it extremely challenging to be able to throw down $40,000 for a down payment.

For this very reason, a lot of millennials turn toward their parents as a co-signer or for the loan.

The best thing for anyone to do after graduating college is to focus on their career and paying off debts. If your debt is getting the best of you and preventing you from having milestone moments, then you should get help in taking care of your loans.

The federal government has created several programs designed to help people pay off their debts faster.

For more information about these programs and to see if you qualify, call us today at: (855) 221-9282. Getting your student debt under control should always been your first goal, or else it will keep you from living the life you deserve.

Written by adminMay 9, 2018

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One of President Trump’s big promises on the campaign trail was to reform the prescription drug industry. For most Americans, the cost of lifesaving prescription drugs is way too high.

We already know that these companies value profit over lives. All we have to do is look at the recent case of EpiPen, who raised the price of their pen to unfathomable levels.

The cost of epinephrine per box: $1
What EpiPen rose the price to: $699

Why did they do this? The answer is simple: profit. Despite the protests and the anger this caused, the manufacturers defended their position. They proved they didn’t care about the numerous people who depend on this product to save their lives.

This is just one example. It was such a huge issue that Trump vowed to lower the cost of prescription drugs. Why Americans wish he had tackled this problem sooner in his administration, it was finally announced that he will release his strategy this week.

Alex Azar, Trump’s Secretary of Health and Human Services, said that the president’s approach will be to take a ‘tough stance’ on drug makers. This declaration alone led to the stock of these major companies to fall.

According to Aetna, one of the country’s largest insurance providers, the cost of prescription drugs rose in price nearly 25% over the last four years, with the prices already been too high to begin with. This is why Trump made the cost of drugs an important issue during his campaign.

Here are some of the issues expected to be brought up in the coming days:

Price Rebates

When you look at the dealings between drug makers and insurance companies, you’ll start to see how they prop each other up. Drug companies will give large discounts to insurance companies, but many wonder if those same discounts are passed down to the consumer.

In most cases, they’re not. Trump’s plan hopes to change that by ensuring more of the discounts is given to the people, especially those on Medicare.

Promoting Increased Competition

President Trump continues to strongly believe that increased competition between drug companies will force them to lower the cost of drugs to stay competitive.

Once a new drug is released by a major manufacturer, generic drugs aren’t far behind, so the Trump team hopes to allow for faster review of generic drugs to get them into the market quicker.

For example, if a competitor to EpiPen kept the price at $1, then consumers have options and EpiPen is less likely to obscenely raise their prices.

They also plan to identify more drugs as over-the-counter medicines to make them easier to obtain without having to get a doctor’s prescription, saving consumers times and money.

These are just a few of the ways Trump plans to tackle the drug industry. We look forward to seeing what the rest of his ideas are in making prescription drugs cost effective for everyday Americans.

Written by adminMay 7, 2018

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As we continue to recover from the last recession, there’s a lot of optimism for the future. We see unemployment numbers going down and the economy buzzing.

While optimism is strong, there’s a storm brewing. Something massive is forming out in the Atlantic, and this time, it just might be the storm of the century. No one knows when it will strike, but when it does, it will push millions of Americans over the cliff.

That storm is the next recession.

A lot of it has to do with the record high amount of personal debt we have. Almost every category you can count in the trillions of dollars.

-$1.02 trillion in credit card debt.
-$1.4 trillion in student loans.
-$1.22 trillion in auto loans.

What’s worse is a lot of us have debt in more than one of these categories, so we’re paying high interest all the way around.

What’s Going on With Our Budgets?

It’s not just debt we have to worry about. Consider the amount of money we have saved. It was recently said that most Americans don’t even have access to $400 if they really needed it in the event of an emergency. So, what happens when, not if, the economy fails?

The University of Chicago released a new study that revealed 44% of Americans avoided going to the doctor when they were sick/injured last year. That’s almost half the country! The reason? The high cost of health care!

If we can’t afford to take care of ourselves now when the economy is on a massive growth-spurt, what happens when the next recession hits? No one will be ready for the storm, which may cause a health crisis in the near future.

That brings me to my next point. When the economy is showing signs of upward trends and people are optimistic, that makes them feel safe. Of course, we all want that brand new shiny car sitting in the driveway of our beautiful home, but these are luxuries we can barely afford when things are going well.

We have to put ourselves in a heavy amount of debt and pay interest that’s tough to afford. As the economy continues to churn in an upward fashion, so do the interest rates. During the last recession, they might’ve dropped to 3%, but it wouldn’t be out of the question to see the rates rise to as much as 7%.

Over the next few years, that increase will make their almost unaffordable car loan definitely unaffordable, killing whatever savings they might have.

Doom and Gloom

The point of this blog isn’t to be a doom-and-gloom preacher who screams from the street corner that the end is coming. No, I want to encourage everyone who reads this to take the opportunity to get their debt under control before taking on new debt.

Yes, the signs point towards high optimism, but we just don’t know when the next storm will hit. If you’re going to survive the next recession, you will do it because you were prudent, have all your ducks in a row, and valued saving your money over buying the latest shiny toy.

Written by adminMay 3, 2018

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We understand the temptation. From the moment you send in your taxes, your mind goes straight into thinking about how you want to spend that money.

Did you want to put that down payment on a new car? Are you thinking it’s time to upgrade your wardrobe? Are you going to sock it away for that family vacation?

Hey, you won’t receive any judgment from us! We completely get it. Yet, we’re here to advise you that maybe there is a better option for that money than buying more stuff, which is to put it towards your debt.

It’s certainly not the sexiest of options, or the most fun, but it can certainly save you a lot of heartache in the long run.

Here are three excellent reasons why you should put your tax refund towards your debt:

1) It Will Show You’re Serious About Your Debt

If you have debt, then you know that the quicker you pay it off, the less you’ll pay on it over time. The longer you have the debt, the more interest you’ll have to pay on it. The difference between paying it off early or not can be thousands of dollars in additional interest added. That means you’ll have more money in the long run.

If you have a lot of debt, it doesn’t make sense blowing your refund on a large vacation or adding to your debt by getting a new vehicle. Not to mention, paying a large chunk of it down can only help your credit score. Putting your refund towards your debt shows you’re becoming financially responsible.

2) Savings Might Get Spent

Putting money into your savings or rainy-day fund is always a good idea. You never want to go without an emergency fund stashed away. If you have no emergency savings, then it’s a decent option, but what you put into savings might be difficult NOT to spend. People have a difficult time saving money because the temptation is there to use it on frivolous things.

If you put it towards your debt, then it’s spent and a large chunk of your debt is gone, which is ultimately the best option. It might sting a little bit right now, but later on, you’ll save more money in the long run getting your debt paid off sooner.

3) There Are Better Ways to Save for a Vacation

One of the top ways people spend their refund is on a vacation. There’s no doubt that you deserve one after working hard all year, but there are just better ways to pay for it. A vacation is fleeting and won’t be something tangible to invest your money in. You might get a sick tan, but you’ll still have the same amount of debt as you did when you went in.

The best option is to pay off a chunk of debt and find another option for a vacation. Maybe take a shorter weekend trip somewhere until you have your debt paid off. Your vacation doesn’t have to be super expensive. Maybe pick up a small side job for a few months and sock away the money for a nice trip or save as much money as you can throughout the year

Either way, going on vacation while you have a ton of debt isn’t the most responsible decision someone can make. Adding to your already significant debt isn’t good either. The best thing you can do is buckle down until your debts are paid off. You’ll have a lot of time in the near future to enjoy debt-free living!

Written by adminApril 30, 2018

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After President Donald Trump announced he would place tariffs on steel and aluminum to spur on growth in the American markets, several countries freaked out and promised to retaliate with tariffs of their own.

Wall Street reacted accordingly as stocks dropped over 700 points in a single day to the news that the U.S. may soon be embroiled in a trade war.

The main concern has to do with the world’s two largest economies battling it out for supremacy, which would almost certainly leave other countries destabilized and fighting for air.

While the idea of a trade war is unsettling, there’s a chance that Trump isn’t too serious about keeping tariffs up for long. Instead, he might be pushing for better negotiations on a trade deal he’s touted since the campaign trail.

It’s a tactic that has proven to work so far.

All one has to do is look at the North Korea situation. Trump’s aggressive tone had many fearing that WW3 was about to break out any moment, but instead, it brought both sides to the negotiating table. For the first time in over 60 years, the Korean War has officially ended.

In an effort to avoid a trade war with China, a war the U.S. can’t afford to have as its economy recovers from a decade-long recession, Trump has sent a team of experts to Beijing with the goal of leaving with a compromise deal that helps both sides.

Trump tweeted last week that he believes a deal will get done, but some aren’t as optimistic. His team needs to be united on the tenants of the deal to make negotiations simpler, but those he did send don’t seem to be likeminded about what needs to get done. It consists of both free trade advocates as well as trade hawks…two sides who rarely agree on anything.

Chris Krueger, the managing director of the Cowen Washington Research Group, isn’t optimistic about the deal.

“This sets up a bizarre situation where the US team may spend most of the talks negotiating among themselves. It’s hard to picture more unique Trump officials.”

Trump himself believes sending a team with diverse ideas is a great thing, but one is left to wonder, with a recovering economy, if now is not the time to leave it to chance. This is the best chance we have at preventing a trade war, so sending a team that isn’t in agreement won’t be likely to solve the problem.

At the end of the day, a trade war can send the American economy back into a recession and destroy the massive positive movement we’ve seen under the Trump administration so far.

Hopefully the president’s aggressive tactics don’t lead us down that road.

Written by adminApril 27, 2018

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Amazon surprised investors on Thursday by announcing that they’ve more than doubled their first quarter profits compared to what they pulled in the first quarter of 2017.

The experts expected Amazon to lose a bit of their momentum going into this year, which is why the announcement came as a shock.

In the first three months of 2018, the mega online retailer raked in $1.6 billion. This profit is on top of several expensive investments made into original programming for their streaming service and the building of more fulfillment centers across the country.

This isn’t the first major milestone Amazon has hit this year. It has also touted a record number of paying subscribers, the amount of cloud computing sales, and advertising sales, all of which helped spur on the $1.6 billion first-quarter profit.

Because of these breakthroughs, Amazon’s stock has been soaring, putting that iconic Amazon smile on the faces of every investor.

Price of Prime to Rise 20%

Despite the absurd profits made in the last quarter, Amazon also announced via letter that they will be raising the price of Prime, their extremely popular subscription service, from $99 to $119 per year, a 20% increase.

Their justification for the increase again has to do with the increased cost of making more original content and continuously adding more “digital benefits”.

With over 100 million Prime subscribers, Amazon felt the price needed to go up, and will continue to go up as they offer more benefits to their customers. Amazon remains on the front lines of innovation, offering shipping perks, and believes it can compete with the likes of Netflix and Hulu with their streaming services.

Amazon CFO Brian Olsavsky said in a conference call on Thursday, “We continue to increase the value of Prime by adding digital benefits.”

With this news, the price of Amazon’s stocks jumped 7%. While investors are happy, one can’t help but wonder what the subscribers think of the price change. The company has record-high profits, but feels the need to increase the price of Prime by 20%?

There will be a breaking point for subscribers. If they keep raising the cost, it can become too costly and not worth the price to the average consumer.

Time will tell if this price increase will impact the number of subscribers Prime receives (or loses) in the future.

Written by adminApril 24, 2018

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Buying a car is a huge step for most people. Whether it’s your first adult car or you regularly seek out new leases every few years, it can be a frustrating (and quite expensive) experience. It’s especially troublesome if you go in not knowing how to find the best deal for you.

If you’re in the market for a new car or truck, this blog with share with you some money-saving tips that will keep you from making a huge mistake, while hopefully saving you a bundle.

1) Wait Until the End of the Month/Year

I know, I know. The thrill of buying a new vehicle is incredible! We want nothing more than to walk into a dealership today and walk out driving something with that new car smell. But if you wait until the end of the month, you can potentially get a bigger bang for your buck.

Most car companies pay their employees through commissions. The successful sellers often get perks and bonuses for selling the most cars. As the month goes on, a salesperson will get increasingly hungry to keep up with their quota, so they offer huge discounts, perks, and incentives to get you to walk away happy.

If you can be patient, end of the year deals can be really awesome as well.

Do your due diligence and visit several dealerships at the end of the month and compared which ones seem the most desperate to make a sale. You can also look for quarterly bonuses and special holiday events. The savings can total in the thousands.

2) Do Your Research Online

If you wait until you’re at the dealership to look around and do research, you run the risk of being strong armed or being swarmed with salespeople pushing you into a vehicle that’s not the best fit for you. Sometimes dealers have a vehicle they want to get rid of. They’ll try their hardest to convince you to buy something other than what you want.

Before you go to the dealer, you can do all the same research online. Look at the various models, sizes, colors, and prices you want to pay. There are a ton of resources online to help you, like Kelley Blue Book, Auto Trader, Carfax, and so much more.

A lot of dealerships even have a way for you to check out prices on their website and get a quote all without walking in the door. So, when you are ready to buy, you’re well-armed with tons of great research, ultimately saving you time and money later.

3) Shop Around for Trade-Ins

There’s no rule (written or unwritten) that says you absolutely have to trade in or sell your old vehicle at the same place you buy your new one. It may be more convenient to do it at the same dealership, but it can cost you money.

The trick is to take your car around to different places and write down the quotes you get. Once you’re at the dealership of your choice ready to buy, you have a nice tool in your pocket to start the negotiations.

The best way to go about it is to negotiate the price for the new car first, then mention you have a trade in and see what kind of deal you get. If it’s not as good as the deal another dealership offered, you have a great negotiation weapon. They’ll be eager to get your sale after already agreeing on a quote, so they might be more inclined to increase their offer.

4) The Best (and Worst) Time of Year to Buy

Spring is the worst time to buy a car. A lot of people get excited after getting tax returns and are ready to buy. Dealerships are prepared for that and prices will be inflated. They can afford to charge more as their buildings are often full during this time of year.

The best time to buy is in the fall. This is usually when the new model years come in, so they have a lot of the ‘older’ models taking up room on the lot. They’re more likely to give you a great deal to free a spot for the newer car, which can save you thousands for virtually the same vehicle.

5) Don’t Be Afraid to Negotiate Down Fees

You can bet your bottom dollar, when you receive your itemized bill, there will be a lot of additions to it you didn’t think you’d have to pay. Fees for this, taxes for that. Some dealers will charge you simply for doing paperwork. Yes, that’s a real fee that can hit as high as $800! Some states do cap the fee to keep it as low as possible.

In this case, if you get hit with a huge fee, try to negotiate them. Be willing to walk away, because it might take you threatening to leave if they don’t remove it. Some of the fees can get so ridiculous it’s not even worth entertaining doing business with them.

In the end, the best thing to do if you’re in the market for a new car is to wait. Experts say to start research at least 6 months ahead of time so you can be aware of all the great deals, sales, holidays, and times of the year when they’re a lot less expensive.

Written by adminApril 19, 2018

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Spring often feels like the beginning of a whole new year. After a cold, long winter of being stuck inside with nothing to do, we begin to emerge like bears waking from a several-month hibernation.

Spring is also the start of the active season. From now until Christmas, busyness will consume you. Life will be full of activities, repairs, vacations, weekend trips, decorating, and so much more.

Are you prepared?

Most people go into the summer season unready for the expenses sure to come. It’s not just the summer busy season that can be expensive. A lot of hidden costs can be lurking that will cost you more in the long run because you weren’t ready for them.

Let’s take a look at several ways you can Spring Clean your budget today to keep it looking healthy for the rest of the year.

1) Check Annual Expenses and Create a Plan

Memory can be a fickle thing. You might have some vague idea in the back of your mind of stuff you want to do or fixes you need to make, but by not planning for it and putting it down on paper, it can turn into an unexpected problem later.

Sit down and carefully write a list. If you want to repaint the deck, add it to the list. Planning a vacation to Fiji? Great! Add it to the list.

Walk around the house and do a little inspection. Better yet, hire someone to come out and see how your home/property is holding up. If there’s a problem that needs addressing, like the roof needs to be replaced, add it to the list.

Once you can see all the different things you need to do, spend time thoroughly researching every point. Take a lot of notes if necessary. For example, that trip to Fiji. What are the costs? Hidden costs? Will you have to put down a deposit ahead of time? What time should you buy the tickets for the best deal?

When you see it, all laid out for you, you will get a bigger picture of what you can afford and what you should probably save until next year.

2) Don’t Forget to Keep an Eye on Your Debt

If you made the resolution at the beginning of the year to pay off your debts and improve your credit score, then you need to take that into consideration before spending tons of money on vacations or other big purchases.

If you’ve been steadily paying down what you owe, then your credit score is improving. Instead of taking that family trip to Fiji, maybe decide to take it easy this year and put the extra money into your debts. Then, if you’re out of debt next summer, you can afford to do a lot more without jeopardizing your credit score and/or adding to your debt.

Also, maybe it’s time to check out other options you might have at conquering your debt once and for all. We can help! Give us a call today at We’d love to hear from you!

3) Remove the Clutter

It’s a good idea to periodically look over your books. The best idea is to be a stickler for keeping the books clean, but it can be time consuming and a lot of people just wing it.

By looking over your financial statements, bank accounts, and other bills, you can check for added payments, extra fees, or even subscriptions you just don’t need or use anymore.

Maybe you only watch HBO for Game of Thrones. Well, as of this writing, it’s going to be at least another year before the final season hits, so stop paying for it until then.

It’s so easy to get caught up paying for services we barely use, simply because we think we need them. If you want to save good money throughout the year, this is a great way to do it.

Written by adminFebruary 27, 2018

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Real estate mogul. Billionaire. Reality TV star. President of the United States. Donald Trump goes by a lot of titles, and whichever side of the political arena you’re on, I’m sure there’s a lot more you can say about this man. Currently, Mr. Trump is America’s most polarizing character and no one knows what he’ll say or do next.

But, if it’s one thing Trump seems good at doing, it’s slapping the TRUMP name on things to sell his brand. If you were to visit Trump Tower in New York City, you’ll see gift shops stuffed full of items and souvenirs with his name stamped on there somewhere. While Trump loves to promote his brand, he’s not always successful at doing so.

Here are 10 of Donald Trump’s worst business failures:

1) Trump University

Let’s get the most well-known failure out of the way. Trump, a knowledgeable businessman, thought he could add to his fortune by teaching others the art of the deal. In 2005, Trump University was born. Because the college was never accredited, many students (who, in some cases, paid as much as $35,000 to take the course), felt the whole thing was a fraud.

Eric Schneiderman, New York Attorney General, sued Trump in 2013 on the basis of fraud. The case was eventually settled in 2016 after then President-Elect Donald Trump agreed to pay $25 million in settlement fees.

2) Trump Vodka

So, what happens when a man, who claims he doesn’t drink, tries to get into the alcohol business? Well, it goes belly up. Trump vodka, released in 2007, was supposed to become “the most popular drink in America”, but didn’t even survive two years on the market. It disappeared, never to be heard from again.

3) Trump Airlines

Everyone has seen Trump’s famous plane on TV with his name covering the fuselage, but his plane wasn’t intended to be the only one. After Eastern Air Lines went belly-up, Trump bought the airline for $365 million to provide first class accommodations to businessmen and women traveling between New York, Boston, and Washington D.C.

The idea didn’t get too far. Trump ended up selling the company to USAir after it defaulted on its debts.

4) Trump Steaks

Another popular talking point during the 2016 election was Trump Steaks. In 2007, Trump decided to hop into the beef game with business partners QVC and Sharper Image. They claimed to sell “a taste of Donald Trump’s luxurious lifestyle”. The partnership lasted a while until 2014 before dying out completely.

5) Trump Mortgage

What does a real estate mogul know about real estate? Well, you’d think a lot, but Mr. Trump made a bad mistake. One year, the future president decided to start his own mortgage company, claiming that the real estate market would be strong for a ‘very, very long time’. The problem? It was 2006. Two years later, the housing market collapsed, killing Trump Mortgage.

6) Trump Magazine

Do the super-rich and famous have time to sit down and read magazines? That’s the audience Trump was going for when he launched Trump Magazine back in 2007. What many people considered “wealth porn”, the magazine was full of things the average reader wouldn’t associate with, such as reviews for mega yachts, expensive watches covered in jewels, how to make over your private jet, and so much more.

The magazine’s number one model? Donald Trump himself. He featured in a lot of the images and ads himself, making it an Ode to Trump. The magazine was done just two years later in 2009.

7) Trump: The Game

If you were tired of just being moderately rich playing Monopoly, you could try your hand at Trump: The Game. This was a game just like Monopoly where the various players attempt to one-up each other by buying/selling real estate and becoming the Trump of the game. Partnering with Milton Bradley, the game didn’t meet expectations and later disappeared.

8) Trump Casinos

Everyone knows that Donald Trump owns casinos all over the country, except when they start to go downhill. After Trump Casinos filed for its 3rd Chapter 11 bankruptcy, Trump claimed that he has nothing to do with that business, and that all he’s done is slap his name on the building. He later resigned as head of the Trump Entertainment wing of his empire.

9) GoTrump.com

Not even online booking giant Travelocity could keep GoTrump.com from going under. This site was meant to serve as a search engine for luxury flights, but it didn’t even last a year.

10) Trump Beverages

Trump has made a few attempts at selling beverages. We talked about Trump vodka earlier, but he also tried his hand at Trump Ice (bottled water) and other types of beverages. He filed for a trademark of the name “Trump Fire”, but never did anything with it. Same with Trump Power. They were non-alcoholic drinks, but the whole plan was later scrapped.

Love him or hate him, Donald Trump has had his share of both success and failure. Most entrepreneurs fail many times over before finally making it to the big time. Either way, we can’t blame the man for trying!

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