The Memorabilia Of Michael Jackson #1 1958-1978

1958

August 29

Michael Jackson was born in Gary, Indiana

1969

October

The Jackson 5's first single "I Want You Back" was released by the Motown Record and sold 2 million copies within six weeks.

December 4

The Jackson 5 appeared in the United States trump card TV host Ed Sullivan 's programme.

December 18

The first album, "Diana Ross Presents the Jackson 5" was released and finally appeared on the 5th.

1970

January 31

In the four The Jackson 5's singles which boarded the singles chart , "I Want You Back" was the first hit the top.

April 25

"ABC" boarded first, and sold 2 million in three weeks.

May 8

The Jackson 5's second album, "ABC" was released.

May 19

The Jackson 5's first concert was held in Los Angeles Plaza. The audience was 18,000, a total income of $100,000.

June 27

"The Love You Save" boarded the top.

September 15

The Jackson 5's " 'Third Album" was released.

October 9

The Jackson 5 began their first national tour.

October 17

"I'll Be There" boarded first, and the Jackson 5 became the groups whose had the first four consecutive albums boarded the top.

1971

April 18

The Jackson 5 appear in the Diana Ross's first personal special program.

June

The Jackson 5 began their second tour. "the Commodores" made an opening performances for The Jackson 5

September 7

The Jackson 5's " Goin' Back to Indiana " was released.

September 11

The Jackson 5 's cartoon series broadcast on ABC television.

September 19

"Goin 'Back To Indiana" broadcast, which was the first TV series of them broadcast on ABC.

October 7

Michael Jackson's first personal single "Got To Be There" was released. At that time,he and the Jackson 5 had eighth scored the first 40 list, including the four consecutive singles champion.

1972

January 18

The Jackson 5 attended the first annual Martin Luther King memorial concert in Atlanta.

January 24

Michael Jackson's first solo album "Got To Be There" was released.

August 4

Michael Jackson's album "Ben" was released.

August 5

The single"Ben" boarded the top,and it became Michael's first individual champion single .

November

In the first European tour, the Jackson 5 were invited to perform for the Queen.

1973

April 13

Michael Jackson's album "Music & Me" was released.

Money Lessons From Michael Jackson

Following the sudden passing of pop superstar Michael Jackson, many people around the world are reminiscing about his music and mystique. However, as a financial advisor, I can't help but focus my attention on Michael Jackson's finances.

As the stories about his financial situation come to light, it appears that Jackson had serious money problems. Despite a lifetime of achievement, Jackson's final curtain call revealed foreclosures, failed ventures and financial chaos. At the end of the day, the 'king of pop' was just another person who suffered the consequences of ignoring the principles of money success.

After coaching hundreds of clients, I have discovered that whether you earn millions of dollars or minimum wages, once you break the rules that govern money, you're going to pay a heavy price. Here are some of the lessons that have been highlighted in the Michael Jackson saga:

No Matter How Much You Make, You Can't Spend More Than You Earn

If I earned a hundred dollars every time I heard someone sincerely say, "If I got a million dollars today, I'd never be broke again," I would be well on the way to creating a similar fortune for myself. The reality is that many people show an amazing propensity to increase their spending in excess of their income.

Unfortunately, Jackson was no different. Although his musical genius made him millions - his 1982 hit album Thriller is still the world's best-selling album of all time - Jackson lived an excessive lifestyle that usurped his earning power. In a 2003 court case, it was revealed that Jackson was spending US$20 million to US$30 million more each year than he earned. (Take comfort if you're only $10,000 over budget every month!)

Living within your means is a simple principle that is perfectly expressed by this ditty, "If your outgo is greater than your income, then your upkeep will be your downfall."

You Can't Borrow Your Way Out Of Financial Difficulties

Financing a budget shortfall by borrowing is a perfect blueprint for financial disaster. The only way to cure this common consumption problem is to trim unnecessary spending and/or earn more to pay your bills. Borrowing to make ends meet will only increase your monthly obligations and your money distress.

Lavish lifestyles, pricey properties and costly court cases all reportedly contributed to Jackson's money problems. In an attempt to rebalance his financial position, Jackson used his assets to secure loans totalling US$200 million from the Bank of America.

Repaying this loan probably created more cash flow problems, as Jackson also had to turn to wealthy friends to bail him out.

Two money principles that can help you to manage debt are: never borrow to finance your lifestyle, and if you're in debt, you can't borrow your way out of it.

Don't Leave Your Family In Confusion When You Die

As reports continue to roll in about the circumstances surrounding Jackson's death, it appears that there is uncertainty about his final wishes. The Jackson family lawyer has commented that there were stories about the existence of a will, "but none has been presented to the family at this time".

Amid speculations that it could be a lengthy and complex process to settle Jackson's estate, there is hope that he had the foresight to set up a trust that would help to cushion his beneficiaries from having to pay out millions in probate fees.

It's never too early for you to institute this important financial rule: make proper provisions while you are alive to take care of your family and assets when you die.

Passive Income Keeps Paying Even When You Stop Working

The Jackson drama isn't all bad news. Thanks to his incredible talent and prolific production of great music, Jackson's income will only increase after his death. Already, the entertainer's untimely demise has led to record-breaking sales of his albums and music videos. Jackson "may be worth more dead than alive," opined Jerry Reisman, general counsel for the recording studio in which Thriller was produced.

Although most of us will never attain Jackson's earning ability, this scenario is a perfect example of the power of passive income. If you really want to be wealthy, you have to create opportunities to earn money even when you are not physically working. Some options include: royalties from music or book sales, Internet sales, network marketing, and franchising a business idea.

You Really Can't Have It All

Although he had fortune and fame at his fingertips, Jackson was reportedly a lonely, isolated man. Some people believe that getting more money will solve all their problems; we can see that didn't work for Jackson. Despite all his wealth, he never seemed to achieve true happiness.

Remember these principles: there is more to financial success than just the accumulation of wealth; your money should help to enrich your life and that of others; and when your time on earth comes to an end, you can't carry it with you.

Copyright © 2009 Cherryl Hanson Simpson.

Michael Jackson - Money, Myth and the Mainstream Media

News media accounts that Michael Jackson was "debt-ridden", without providing further explanation, gave the impression that the king of pop's financial situation was something the general public could identify with or readily understand.
 
But far from it. Jackson's so-called "massive debt" was something that hardly any of us will ever be fortunate enough to experience. I dare say most in the general public have never heard of Jackson's category of indebtedness, better known by some as "acquisition debt".
 
Acquisition debt involves multi-million dollar purchases of ventures where a significant percentage of the purchase price is financed through "leverage" borrowing. The assets of the acquired company are used as collateral for the borrowed capital.
 
When Northern Songs - a music catalog holding thousand of songs, including the Beatles' back catalog - was put up for sale, Jackson took immediate interest in the catalog. He was warned that he would face strong competition. "I don't care. I want those songs," Jackson said to his entertainment attorney John G Branca. "Get me those songs, Branca."
 
Jackson eventually beat the rest of the competition, including Paul McCartney, in negotiations for the Northern Songs catalog, which lasted 10 months. He evenually purchased the catalog for $47.5 million.
 
Jackson used equity in his own catalog, MIJAC, along with the acquired assets from Northern Songs for loan qualification, with the newly acquired assets structured for equity to flow towards servicing the debt.
 
In 1995, Jackson merged his Northern Songs catalog with Sony's publishing division creating Sony/ATV Music Publishing. This deal gave Jackson half ownership in Northern Songs as well as half ownership in Sony/ATV.  It also included distribution rights to thousands of more songs. With the merger, Sony/ATV became the third largest music publishing venture in the world. Both Jackson and the Sony people were equal partners and vowed to become the world's largest catalog.
 
Late in 2001, Jackson and Sony acquired Tony Martin's Baby Mae Music catalog of 600 songs.
 
In July 2002, they bought country music publisher Acuff-Rose for $157 million. The venture included publishing rights to 55,000 songs.
 
And in November 2007, Jackson and Sony bought Famous Music LLC from Viacom. This deal gave the king of pop rights to songs by Eminem (a C-rated entertainer who once made light of him), Shakira and Beck, among others. The venture included the assumption of a $30 million debt. They purchased the business for $370 million.
 
Bottom line. If Jackson was debt ridden, it makes more sense to believe his indebtedness of "$500,000,000" resulted from acquiring multi-million dollar ventures, and not, as media myth makers would have it, "lavish spending."

Is Michael Jackson's Death A Hoax?

The influence of P.T. Barnum.

In the 1980s, Michael Jackson lays hands on a biography that will forever change his life: that of Phineas Taylor Barnum (1810-1891).

Barnum, a genius promoter and circus owner, is said to have been the first show-business millionaire, and a master hoaxer. For example, he promoted Joice Heth, a wrinkled woman said to be 161 years old. Michael devours this biography, and distributes copies among his inner circle, declaring, "I want my career to be the greatest show on earth." ("Greatest show on earth," is a gimmick that was used to promote the Barnum and Bailey circus.)

One hundred years after Barnum's death, his face is featured on the Dangerous (1991) album cover, (Barnum is the man in black).

Launching rumors, using the media as a megaphone, increasing pressure, issuing denials... Michael Jackson, thrilled by this role of great hoaxer, appropriates these techniques, for example with the oxygen chamber hoax. But what could be the ultimate hoax? What about...coming back from the grave? Somebody did that before.

Monsieur Mangin, The French Humbug

Around 1850, Monsieur Mangin was a French maker of blacklead pencils. He lived in poverty above his small shop in the rue de Rivoli.

Then one day he had an idea. He would drive for a while around central Paris in an ornate carriage. He would stop in a crowded street, dressed in unusal royal garb, and a servant would hand him four portraits of himself which he hung on the side of the coach. He would also deliver a flamboyant speech, where he would introduce himself as "The great charlatan of France".

This was only a start...

P.T. Barnum met Mangin in Paris and was delighted by his methods. At the end of their meeting, Mangin told Barnum that he was planning "a grand humbug", which shall double the sale of his pencils.
A few weeks afterwards, Barnum read in the Paris newspapers that Mangin had died, and assumed that the secret plan had died with him.

Six month later, Mangin surfaced in Paris, performing exactly the same ritual drive. His « death » had quadrupled the sale of his pencil. Mangin had spent six months in the country.

So, is Michael Jackson's death a hoax?

There is a huge difference between Paris in the 1850's and Los Angeles in the present days. How could a larger than life figure like Michael Jackson just vanish? A body was autopsied. Police officials were there. Let's face it, the king of pop is dead.

As an artist, Michael Jackson had nothing more to prove, but he wanted to give more. His sudden death is like a broken promise, like Elvis Presley's death was.

And Elvis too, is said to be alive...