“Boxing is real easy. Life is much harder.” – Floyd Mayweather, Jr.
The self-entitled Floyd “Money” Mayweather Jr. has fallen completely off the Forbes’ highest paid athletes list. No, he did not just fall from somewhere in the mix. He fell from number 1 to not on the list at all!
The top 3 spots belong to footballers Lionel Messi ($127 million), Cristiano Ronaldo ($109 million), and Neymar ($105 million).
What is interesting to me is that for a man who has earned nearly a billion dollars throughout his career, you would think that by now, he would have investments in place to keep him living the lifestyle that he has been broadcasting to the world. I am still a fan of Mayweather for his business moves within the ring, but it seems that outside of that, things aren’t so glamorous. I personally do not think that musicians, athletes, and others of the sort should still be making a bulk of their income from their craft after a significant amount of time has gone by.
Take for example Jay-Z. He has just been labelled a billionaire by Forbes. The bulk of his assets and earnings did not come from music. As a matter of fact, Sean Carter uses his music as advertising for the bigger businesses behind his name. Rihanna as well. While millions of fans have been waiting for new music, Rihanna has kept her hands busy by building an empire with her Fenty line of makeup and clothing. Her music would still bring in a handsome payday, but music is not sustainable, business is. You may not like the same songs that you did years ago, but you will definitely still wear makeup and so will your kids in the future.
What should we take from Mr. Mayweather? Well, simply put, make sure that while you are talking big, your money is working even bigger behind you. If you are not supplementing your income with investments, your high on life will come crashing down. Mayweather is still enormously wealthy, but there is no logical reason why he would not even make it on the top 100 list. There’s something going on behind the scenes that just does not make sense.
But in the meantime, let’s just focus on our wealth building and not too much on that of others. Let’s learn from their situations and keep on moving!
Until next time,
Live Long and Prosperous.
J.M.
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