Have you ever wondered how some baseball players manage to go from multi-millionaires to bankrupt in such a short period of time? Well, baseball legend A-Rod knows why.
In a 10X Growth Conference interview, former New York Yankees baseball star Alex Rodriguez AKA A-Rod explained to me why it’s so common for baseball players to go bankrupt.
A-Rod: “I do not want to be one of those negative statistics.”
He highlighted 3 major reasons:
1. The average career of a baseball player is only 5 and half years.
2. You make 92% of your life income between the ages of 20 and 30.
3. Of the 750 players in Major League Baseball today, only less than 5% have a college degree —undergrad, not business or masters.
Now, when A-Rod heard these data points, he knew that he had to start doing things differently.
He started to think about how he could beat the statistics and not become one of those baseball players.
That’s what pushed him to go into real estate and buy his first apartment deal at the age of 22 years old. It was a $250,000 duplex in South Miami.
Now, at the next 10X Growth Conference, we’ve got a ton of all-star speakers like A-Rod lined up. For more massive business insights straight from the pros, secure your seat while you still can.
Featured image source: A-Rod Corp