One of many was Floyd Mayweather, with his business acumen and shrewd investments. And in this article, we’re sharing the biggest gems from his conversation with Grant…
Mister 50 and 0 is world renowned for a legendary track record in the ring. However, anyone will tell you that an athletic career will only last so long — no matter how great you are.
For this reason, Mayweather took his fighting spirit to the business world as well.
But what helped him go from boxing champ to businessman?
Floyd Mayweather doesn’t invest in things that he doesn’t believe in himself — and this seems to be a winning strategy.
Following this advice has led him to go all in…
The highest-paid boxer of all time knows a good deal when he sees it.
One of Floyd’s initial investments was $5 million which provided $50,000 a month in cash flow!
Seeing the investment’s incredible returns, he put more money into the deal.
Yes, that’s right.
Mayweather invested into commercial real estate right out of the gate…
And it has paid off big time.
He has a stake in the largest skyscraper in New York City, among his numerous assets.
But how has the champ earned over a billion dollars over his boxing career?
Floyd Mayweather was warming up for his business ventures while he was still throwing punches.
He didn’t have an agent represent him. He negotiates all his terms and keeps 100% of his revenue.
Of course, Mayweather has a strategy that puts that kind of arrangement on the table…
When it comes to using the ultimate bargaining chip, Floyd is the master.
He simply asks potential partners to look at his history — which is a 50-win streak with no losses — and they know he can deliver.
Equally important is what he does with the cash once he earns it…
The next business secret from the undefeated boxer is that you save half of what you earn — no matter what job you have or how much you make.
Mayweather adopted this principle after watching other athletes blow everything they made. He knew he didn’t want to go down that same road.
That being said, he never lost the hustle in his heart even after the final round…
In spite of coming from a family of fighters, the athlete-slash-entrepreneur never relied on laurels or privilege.
During his interview with Grant, he said he always trained harder than his peers, researched the competition, and never took the easy route.
As such, he takes his investments just as seriously.
And while these insights from Floyd Mayweather are invaluable, they are just the tip of the iceberg.
The 10X Growth Conference next year will be brimming with even more expert advice and even bigger guests.
Disclaimer: This content is intended to be used for educational and informational purposes only. Individual results may vary. You should perform your own due diligence and seek the advice from a professional to verify any information on our website or materials that you are relying upon if you choose to make an investment or business decision. Investment, real estate, and business involve great risk and there is no guarantee of performance or results.
We are not attorneys, investment advisers, accountants, tax professionals or financial advisers and any of the content presented should not be taken as professional advice. We recommend seeking the advice of a financial professional before you invest, and we accept no liability whatsoever for any loss or damage you may incur.
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