Manage episode 239526595 series 2516289
One of the things I’m most passionate about is helping professional athletes plan for their finances after their careers end. Why are pro athletes so prone to ending up with nothing when they hang up their boots? What can be done to help them avoid this?
On this episode, I’m honored to be joined by a former pro athlete I greatly admire, Mikey Taylor. He shares how he’s been able to leave his skateboarding career and go on to build wealth, success and help other pro athletes.
Real estate is the best vehicle for creating passive income. -Mikey Taylor
Three Things We Learned
How to run a business that breeds success
When you run a business and work with people, don’t bark orders. You learn how they work and you build relationships and systems so you all work together to grow.
Why pro athletes end up in financial crisis
Many pro athletes go very quickly from bringing in the money and living a wealthy lifestyle, to having it all go away when they get injured or their careers end. It’s so important for them to start planning for the future when things are still good.
How athletes learn the truth about what it takes to succeed
Pro athletes have to deal with a lot of errors to learn and master something. They have to work and fail to get things right. This can teach us a lot about what it takes to succeed in business.
One of the biggest mistakes successful people make is assuming that the money will always roll in. It’s a belief that leaves many people struggling when things take a turn. It’s so important to remember that we should keep our money in motion at all times and have it working for us, so that when we slow down we won’t find ourselves in financial trouble. Ultimately, it’s about being willing to learn from successful people and being persistent and knowing that you will succeed, no matter how long it takes.