Oct 2 in General discussion
I always did like Mary Ann the best...
Passive Income: The Key to Lasting Wealth
Most of the cast of Gilligan's Island had no idea the show would last beyond their initial contracts. They were paid per episode, and their income stopped after the first five reruns.
But one cast member thought ahead.
Dawn Wells, who played Mary Anne, negotiated a small royalty for every repeat. The studio agreed, thinking the show wouldn’t have much of a future.
They were wrong.
50+ years later, Gilligan's Island still airs and Dawn Wells’ royalties have grown into tens of millions of dollars.
The lesson?
Passive income is the true key to building lasting wealth.
A smart deal today can pay dividends for life.
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I always did like Mary Ann the best...
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