Author: Administrator - Rwabutaza Inc

Michael Jordan Is The Basketball’s Greatest Of All Time (GOAT)

Author: Dr. Allan Anthony Rwabutaza
Date: 11:05 am ET, Tuesday, March 19, 2024

When it comes to the entire history of basketball, there is only one and only one Greatest Of All Time (GOAT), Michael Jordan.

To determine the greatest basketball player of all time, we take a holistic approach, looking at the entire resume of a player’s entire basketball career, putting in mind the competitiveness of the NBA league and that of a player, a player’s productivity, effectiveness, efficiency and impact on his team and the entire basketball game as a whole. When it comes to this, no one has surpassed Michael Jordan. It’s not even close between Michael Jordan and the second of all time.

Here are some of Michael Jordan’s notable achievements:

  • 6x NBA champion: 1991, 1992, 1993, 1996, 1997, 1998
  • NBA Finals Winning Record (6-0, 100%)
  • 5x NBA Most Valuable Player: 1987-88, 1990-91, 1991-92, 1995-96, 1997-98
  • 6x NBA Finals Most Valuable Player: 1991, 1992, 1993, 1996, 1997, 1998
  • Number 1 All Time in Scoring: 30.1 Points Per Game
  • 10x Scoring Champion: 1986-87, 1987-88, 1988-89, 1989-90, 1990-91, 1991-92, 1992-93, 1995-96, 1996-97, 1997-98
  • 9x All-Defensive selection
  • NBA Defensive Player of the Year: 1987-88
  • NBA Rookie of the Year: 1984-85
  • 14x NBA All-Star: 1985, 1986 (selected but injured), 1987, 1988, 1989, 1990, 1991, 1992, 1993, 1996, 1997, 1998, 2002, 2003
  • 3x NBA All-Star Game Most Valuable Player: 1988, 1996, 1998
  • 2x NBA Slam Dunk Contest champion: 1987, 1988, Runner-up in 1985
  • 3x Steals leader: 1987-88, 1989-90, 1992-93
  • 2x Minutes leader: 1987-88, 1988-89
  • 11x All-NBA selection: First Team: 1987-93, 1996-98, Second Team: 1985
  • NBA All-Rookie selection: First Team: 1985

By looking at the entire resume of a player’s entire basketball career, considering the competitiveness of the NBA league and that of a player, a player’s productivity, effectiveness, efficiency and impact on his team and the entire basketball game as a whole, there is only one and only one player that stands out from everyone, Michael Jordan.

Fundamentals of Personal Finance: How to Structure Your Personal Income System for Effective and Efficient Personal Wealth Management

By Allan Anthony Rwabutaza, PhD., 2:45 pm ET, Saturday, July 23, 2022

The best way to structure your personal income system for effective and efficient personal wealth management is to create a personal income system that make money work for you to generate you Passive Income and Portfolio Income that exceed your average monthly expenses. When one’s average monthly passive income exceeds one’s average monthly expenses, one can retire.

There are three types of personal income: Earned Income, Portfolio Income and Passive Income.

Earned Income is the income you get by selling your time and skills for money through employment, a job or a gig. This could be in the form of a wage, a salary, tips, a commission or profits from your business where you actively work. The mindset is that you work for money. If you don’t go to work, no money comes in.

Portfolio Income is the income you get by capital gains when your assets go up in market value as a result of their prices rising. For example, capital gains from stocks, real estate property, art, commodities, currencies, precious metals or any form of asset. The mindset is that your money (assets) are your employees, each dollar is an employee, they go out and work for you, and bring you more money. They are your extension. If you don’t go to work, they still go out to work for you, money still comes in. It is therefore effective and efficient to extend yourself by having money work for you as your workers and employees.

Passive Income is an income flow generated by an asset, for example rental income from a real estate property, dividends from stocks, profits from your systems or businesses where you don’t actively work, interest income from loans receivable, savings or bonds. Likewise, the mindset is that your money (assets) are your employees, each dollar is an employee, they go out and work for you, and bring you more money. They are your extension. If you don’t go to work, they still go out to work for you, money still comes in. It is therefore also very effective and very efficient to extend yourself by having money work for you as your workers and employees.

The key to effective and efficient personal wealth management is to set up money and systems as assets that work for you, as opposed to working for money. The idea is to buy assets (things that put money in your pocket), as opposed to buying liabilities (things that take money from your pocket). The goal is to set up money, systems and businesses as your assets that work for you to generate you Passive Income and Portfolio Income high enough to exceed your living expenses.

Regardless of a person’s age, one could be 20 years old, 25, 30, 35, 40, 50 or 60, as soon as a person successfully sets up a system that generates an average monthly passive income that exceeds one’s average monthly expenses, one can retire. Subsequently, one’s standard of living and degree of personal wealth depend on the excess of one’s passive income over expenses.

Recommended Reading: “Rich Dad Poor Dad” by Robert Kiyosaki.