How did Mr. Miagi get his cash?

Miyagi built up his vast personal fortune through an array of ventures: video game arcades, laundry, cigarette machines, trucking, and dabbling a bit in personal loans and politics.

Miyagi was set to retire, his dojo empire stretching from the beaches of California to the suburbs of Illinois, when his handpicked successor went AWOL. Unable to take Miyagi's "wax-on, wax-off" methods this argyle assassin went on a rampage across middle America, destroying various automobiles in the process:

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I think that the previous poster was right when he said that he made a fortune when he sold Arnolds Drive-In in Milwaulkee, then moved out west.
 
He was a highly paid assasin, grew tired of killing and devoted his time and efforts to peaceful things like bonzi trees and rubbing the legs of teenagers
 
DEAR SIR,

I AM MR. MIYAGI THE CHIEF ACCOUNTING OFFICER OF A BANK. THE FINANCIAL STATEMENT OF OUR BANK IS OVER US$130,000,000.00 (ONE HUNDRED AND THIRTY THOUSAND UNITED STATES DOLLARS) AND THE CURRENT ASSETS OF OUR BANK IS RELATIVELY LIQUID RESOURCES. THIS CATEGORIES INCLUDES CASH, INVESTMENTS IN MARKETABLE SECURITIES, RECEIVABLE, INVENTORIES AND PREPAID EXPENSES. IN RECENT YEARS THE ANNAUL REVENUE OF OUR BANK HAS EXCEEDED TO US$200,000,000.00 (TWO HUNDRED THOUSAND UNITED STATES DOLLARS) AND MY RESPONSIBITY IS FOR ME TO MAINTAIN ADEQUATE MONETARY INTERNAL CONTROL, CONTROLLING THE BANK CASH POSITION, BUDGETTING AND FOR THE PREPARATION OF ACCOUNTING RECORDS AND FINANCIAL STATEMENT.

THE NUMBER OF CAPITAL SHARES WHICH HAS BEEN ISSUED FOR THE YEAR 2002 IS UNDER MY JURISDICTION IS US$80,000,000.00 AND THE OUTSTANDING SHARE THAT IS PRESENTLY UNDER MY CONTROL AND SUPERVISION IS US$15,000,000.00 ( FIFTEEN MILLION UNITED STATES DOLLARS). WE ARE IN THE LAST QUARTER OF THE YEAR 2002 AND I NEED A RELIABLE FOREIGN PARTNER THAT WILL ASSIST ME TO TRANSFER THE 15M FUND INTO HIS BANK ACCOUNT. I HAVE MANAGERIAL AUTHORITY TO TRANSFER THIS FUND INTO YOUR BANK ACCOUNT BY ELECTRONIC WIRE TRANSFER. I NEED THE FOLLOWING BANKING INFORMATION:

1. THE NAME OF YOUR BANK
2. THE BANK ADDRESS
3. THE BANK ACCOUNT
4. THE BANK ROUTING/SWIFT CODE
5. THE BANK BENEFICIARY
6. YOUR COMPANY NAME
7. YOUR PRIVATE TELEPHONE,FAX AND MOBILE NUMBER FOR EASY COMMUNICATION.

WITH THE ABOVE INFORMATION, I WILL EFFECT THE PAYMENT OF US$45,000,000:00 DOLLARS INTO YOUR NOMINATED BANK ACCOUNT AND THIS WILL ONLY TAKE US 24 BANKING WORKING HOURS TO EXECUTIVE THIS FINANCIAL BUSINESS TRANSACTION THAT WILL BENEFIT BOTH PARTIES. WE HAVE AGREED TO SHARE THE FUND AS FOLLOW: 30% WILL BE GIVING TO YOU HAS THE OWNER OF THE ACCOUNT WHERE THE FUND WILL BE TRANSFER AND 60% WILL BE FOR ME AND 10% FOR VALUE ADDED TAX THAT WILL BE REQUIRED BY YOUR BANK OFFICIAL.

THE BANK WILL SEND YOU VALID CONCRETE AUTHORIZATION DOCUMENT AND TELEX CONFIRMATION WILL BE SEND TO YOUR BANK AND FOR YOU TO VARIFY FROM YOUR BANK AS SOON AS THE FUND HIT YOUR BANK ACCOUNT.

NOTE: Please kindly state your early response immediately for more details on the modalities involves and this business is for your eye only and it is top secret you have to keep strictly confidential.

I WILL BE EXPRECTING YOUR URGENT COMPLIANCE AND FEED BACK.

YOURS TRULY,

MR. MIYAGI
 
I am pretty sure that he was offered and accepted a scholarship to play at Oklahoma. That is how he got his money. What is odd is that he did not even have to do any work. He was often seen getting out of a nice new car with a new coat on.
 
Maybe he went in with Forrest Gump and bought shares of Apple Computer during their IPO?

Seriously, I remember reading an article a while back about some lady who lived in the projects for most of her life, and had worked for many years as a janitor at an inner city school. When she passed away, everyone was shocked to learn she had left an estate worth well over $1 million. She had lived humbly and stayed within her means for most of her life. With proper financial planning, it is a doable goal for even someone with a modest income.

This was several years ago, so my memory of the details may be a bit off. But Miyagi seems like a humble, hard-working guy, so it is possible that, just like the lady, he amassed quite a bit of dough for himself over the years through frugal living, and then decided to enjoy it some during his golden years. After all, he didn't have any kids around to spend his money. I suspect he just did the maintenance man gig as a way to keep busy, and make a little on the side. Kinda like the elderly people who work as greeters at Wal-Mart.

It's been a while since I saw the movie -- did he ever learn to drive? If so, perhaps the DMV made him stop due to his age or a health condition. Maybe he got drunk mourning the loss of his family one time, and drove when he shouldn't. Dunno, I'm just reaching.
 
Come on, guys. Haven't we all figured how everyone in California made their money by now???

1. Buy a nice big house by inflating your income to your lender.
2. Ignore the fact that your home cost 100x your annual salary.
3. Make tiny monthly payments for next 12 months since you were smart enough to get a 1-year, pay-option ARM with a teaser rate of 2% and negative amortization.
4. On the first anniversary of your purchase, get a home equity loan and cash out $100,000 tax free, plus a little extra to cover your next 12 mortgage payments.
5. Repeat step 4 each and every year thereafter.

Bernard
 
At the beginning of KK1, he bet $10,000 against Cobra Kai in the "All Valley Karate Tournament" at 10,000-1 odds. Then trained Daniel-son into a killing machine. He knew his pay day was coming so he lived off credit and check kiting until the end of KK1.
 
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