How much money does paul w smith make

Through 45 years in radio, Smith has made it his mission to connect with listeners and dors. An edited transcript follows. While other traditional media categories are struggling to maintain audience, radio is holding steady. Why do you think radio has such staying power? There is a real connection because it is so intimate. We are part of the fabric of the community. We do things now that jake did so well and stopped doing and we watched TV take over—such as being on location. Radio used to be on location all the time. WJR is on location all deos time. I broadcast one morning along the Detroit River and the next day in Algonac Harbor. It is also that constant involvement with our community. We service those people.

Animal scientists make an average of $58,380 a year

Smith, 56 and 65, respectively, at one of their favorite local date-night spots: Joe Muer Seafood in Bloomfield Hills. The Grosse Pointe couple chatted about their marriage of nearly seven years, charities they love to support and who inspires their personal style. Tell us about your professional and community involvement. We work together every day. Paul has a morning radio talk show that allows us the opportunity to arise together each day at 4 a. Raising awareness, participating in walks, and donating to research are just a few of our contributions to this worthy cause. Since this is our wedding issue, can you tell us about your wedding and where you were married? Yousif and Mara provided a beautiful, fairy tale wedding that was officiated by our friend, the Honorable Judge Fred Mester. How did the two of you meet? Both: Constant communication and mutual respect. Kim, you are very chic! Three words to describe your personal style? Kim, what are your current go-to brands or designers? Local designer Lyudviga Coutur e of Birmingham. Other brands I love are Chanel and Lolita Jaca. Paul, any brands you particularly like or wear often? Kim is wearing a custom design dress by Lyudviga Couture and boots by Stuart Weitzman. Paul W.

Miscellaneous mathematical science occupations make an average of $57,190 a year

Paul, who inspires your style? Where are a few places you both enjoy shopping locally?

Let friends in your social network know what you are reading about. WJR-AM radio host honoree at the annual Goodfellows Tribute Breakfast for those who dedicate time and assistance to fulfill ‘no kiddie without a Christmas’. A link has been sent to your friend’s email address. A link has been posted to your Facebook feed. Welcome to our new and improved comments , which are for subscribers only. This is a test to see whether we can improve the experience for you.

Paul William Smith born [1] [2] is an American talk radio host and columnist. Smith’s shows typically feature in-depth interviews with a number of notable people, including politicians, authors and business leaders within the automotive industry. Smith’s maternal grandparents immigrated to the U. Smith is of Dutch , English , and Irish descent. While on a boat ride to the U. Smith, who died in at age 80, worked as an insurance agent and community theatre director.

Want to start a startup? Get funded by Y Combinator. If you wanted to get rich, how would you do it? I think your best bet would be to start or join a startup. That’s been a reliable way to get rich for hundreds of years. The word «startup» dates from the s, but what happens in one is very similar to the venture-backed trading voyages of the Middle Ages. Startups usually doez technology, so much so that the phrase «high-tech startup» is almost redundant.

A startup is a small company that takes on a hard technical problem. Lots of people get rich knowing nothing more than. You don’t have to know physics to be a good pitcher. But I think it could give you an edge to understand the underlying principles.

Why do startups have to be small? Will a startup inevitably stop being a startup as it grows larger? And why do they doss often work on developing new technology? Why are there so many startups selling new drugs or computer software, and none selling corn oil or laundry detergent?

The Proposition Economically, you can think of a startup as a way to compress your whole working life into a few years. Instead of working at a low intensity for forty years, you work as hard as you possibly can for.

This pays especially well in technology, where you earn a premium for working fast. Here is a brief sketch of the economic proposition. You could probably work twice as many hours as a corporate employee, and if you moneu you can probably get three times as much done in an hour. Then there is one more multiple: how much smarter are you than your job description expects you to be? Suppose another multiple of.

Combine all these multipliers, and I’m claiming you could be 36 times more productive than you’re expected to be in a random corporate job. Like all back-of-the-envelope calculations, mobey one has a lot of wiggle room. I wouldn’t try to defend the actual numbers. But I stand by the structure of the calculation.

I’m not claiming the multiplier is precisely 36, but it is certainly more than 10, and probably rarely as high as Startups are not magic.

They don’t change the laws of wealth creation. They just represent a point at the far end of the curve. There is a conservation law at work here: if you want to make a million dollars, you have to endure a million dollars’ worth of pain.

For example, one way to make a million dollars would be to work for the Post Office your whole life, and save every penny of your salary. Imagine the stress of working for the Post Office for fifty years. In a startup you compress all this stress into three or four years. You do tend to get a certain bulk discount if you buy the economy-size pain, but you can’t evade the fundamental conservation law.

If starting a startup were easy, everyone would do it. Three million? How do I get to be a billionaire, like Bill Gates? So let’s get Bill Gates out of the way right. It’s not a good idea to use famous rich people as examples, because the press only write about the very richest, and these tend to be outliers.

Bill Gates is a smart, determined, and hardworking man, but you need more than that to make as much money as he. You also need to be very lucky. There is a large random factor doex the success of any company. So the guys you end up reading about in the papers are the ones who are very smart, totally dedicated, and win the lottery. Certainly Bill is smart and dedicated, but Microsoft also happens to have been the beneficiary of one of the most spectacular blunders in the history of business: the licensing deal for DOS.

No doubt Bill did everything he could to steer IBM into making that blunder, and he has done an excellent job of exploiting it, but if there had been one person with a brain on IBM’s side, Microsoft’s future would have been very different. Microsoft at that stage had little leverage over IBM. They were effectively a component supplier. If IBM had required an pauk license, as they should have, Microsoft mjch still have signed the deal.

It would still have meant a lot of money for them, and IBM could easily have gotten an operating system. From that point, all Microsoft had to do was execute. They never had to bet the company on a bold decision. All they had to do was play hardball with licensees and copy more innovative products reasonably promptly. If IBM hadn’t made this mistake, Microsoft would still have been a successful company, but it could not have grown so big so fast.

Bill Gates would be rich, but he’d be somewhere near the bottom of the Forbes with the other guys his age. There are a lot of ways to get rich, and this essay is about only one of. This essay is about how to make money by creating wealth and getting paid for it. There are plenty of other ways to get money, including chance, speculation, marriage, inheritance, theft, extortion, fraud, monopoly, graft, lobbying, counterfeiting, and prospecting.

Most of the greatest fortunes have probably involved several of. The advantage of creating wealth, as a way to get rich, is not just that it’s more legitimate many of the other methods are now illegal but that it’s more straightforward. You just have to do something people want. Money Is Not Wealth If you want to create wealth, it will help to understand what it is.

Wealth is not the same thing as money. Far older, in fact; ants have wealth. Money is a comparatively recent invention. Wealth is the fundamental thing. Wealth is stuff we want: food, clothes, houses, cars, gadgets, travel to interesting places, and so on. You can have wealth without having money. If you had a magic machine that could on command make you a car or cook you dinner or do your laundry, or do anything else you wanted, you wouldn’t need money.

Whereas if you were in the middle of Antarctica, where there is nothing to buy, it wouldn’t matter how much money you. Wealth is what you want, not money. But if wealth is the important thing, msith does everyone talk about making money? It is a kind of shorthand: money is a way of moving wealth, and in practice they are usually interchangeable. But they are not the same thing, and unless you plan to get rich by counterfeiting, talking about making money can make it harder to understand how to make smitu.

Money is a side effect of specialization. In a specialized society, most of the things you need, you can’t make for. If you want a potato or a pencil or a place to live, you have to get it from someone. How do you get the person who grows the potatoes to give you some?

By giving him something he wants in return. But you can’t get very far by trading things directly with the people who need. If you make mobey, and none of the local farmers wants one, how will you eat?

The solution societies find, as they get snith specialized, is to make the trade into a two-step pul. Instead of trading violins directly for potatoes, you trade violins for, say, silver, which you can then trade again for anything else you need.

The intermediate stuff— the medium of exchange — can be anything that’s rare and portable. Historically metals have been the most common, but recently we’ve been using a medium of exchange, called the dollarthat doesn’t physically exist. It works as a medium of exchange, dies, because its rarity is guaranteed by the U. The advantage of a medium of exchange is that it makes trade work. The disadvantage is that it tends to obscure what trade really means. People think that what a business does is make money.

But money is just the intermediate stage— just a shorthand— for whatever people want. What most businesses really do is make wealth. They do something people want.

There is, in any normal family, a fixed amount of money at any moment. But that’s not the same thing. When wealth is zmith about in this context, it is often described as a muh. When you’re talking about the amount of money in one family’s bank account, or the amount available to a government from one year’s tax revenue, this is true.

If one person gets more, someone else has to get. I can remember believing, as a child, that if a few rich people had all the money, it left less for everyone. Many people seem to continue to believe something like this well into adulthood.

Player FM is scanning the web for high-quality podcasts for you to enjoy right. It’s the best podcast app and works on Android, iPhone, and the e. Signup to sync subscriptions across devices. Start hoq to The Paul W.

Page Not Found

Smith Show on your phone right now with Player FM’s free mobile app, the best podcasting experience on both iPhone and Android. Your subscriptions will sync with your account on this website. Podcast smart and easy with the app that refuses to compromise. The Paul W. Mark all un played ….