Wazzup Pilipinas!
Floyd Mayweather state on his official Facebook account that he made his numbers with no sponsors. "First I want to congratulate every other athlete on this list and second I am honored to have accomplished such record breaking numbers.
No disrespect to anyone but I did these numbers really in 5 years due to a couple of layoffs and with NO endorsements. I never wanted an endorsement deal from anyone because my vision was always to be my own boss and have no obligations to anyone.
So I started my own promotion company and own brand (TMT) in which we are continuing to grow and soon will be the endorsers. You can say what you want about Floyd Mayweather but the numbers and accolades don’t lie. This is truly about hard work and dedication and knowing your worth."
Which is I totally disagree, although I am a super TBE fan. Because I saw him endorsing a lot of Jewelry like in Japan, different cars, clubs, sports, business investments and also the Hublot famous watch brand. Although that is his style in accumulating his wealth to climb up at #1 in the Forbes list this week.
The Top 10 on forbes list for me is not realistic for instance, Lebron, Manny and Tiger several endorsements with Nike and other brands seems not very accurate. Also Hamilton's tax declaration, also because he travel a lot all the time and is based in Monaco which is a tax free haven.
We don't know exactly what happened behind the scenes. As they made profit share with the brand or business in any form. Some of them did gambling and re invest it in Politics and several business ventures.
But one thing for sure is that they very good in making money. As they dominate the sports in the past decade. No matter what financial choices they made. Via investments or what ever form of protection they may made to protect their hard earned income - its up to them.
I witnessed several ways of them doing it by choosing its country of choose. Some buy properties and business in Monaco which is a tax free heaven. Some of them bought NBA, Football and local Basketball team.
And also some invest in a secret form. For sure the top 10 ranking varies everyday. Because Boxing happened only 1 or 2 times a year. While basketball and football performs in 2-3 times every week. Golfing tournaments was made every or other week. While f1 got 22 races all over the world this coming 2020.
I heard and seen a lot of world champions problem when it comes to money management and retirement. Some or most of them are broke. Even facing a lot of real controversies. So why money management is essential? Because in this way you can invest and save or foresee what will happen on your money in the next years or decade.
So you need an advice of financial experts like Pine Advisors. Dwayne Johnson of the Rock made a movie series called "Ballers". As a ex NFL player he shows cager the importance of savings and money management among athletes. Because there's always the peak and lows of your career.
When it comes to sports performance - that you cant be great all the time. You will never know when to retire may it be in 1, 5 or 10 years. So what you gonna do if you got injured or no longer profitable in sports business?
Money management comes in many forms see Pine Advisors Money Management options. That provides various services and solutions. So you better look for an alternatives while you are still active in sports or event in corporate raider life. Just like sports the retirement is quite fast as early as 30's or even 20's.
Not the usual 60's in corporate or government of office life. So whether you agree on Top 10 Sport Athletes of the Decades made by Forbes. All I can say is that they are still the most successful when it comes to Financial matters because they are into show me sport business.
Ross is known as the Pambansang Blogger ng Pilipinas - An Information and Communication Technology (ICT) Professional by profession and a Social Media Evangelist by heart.
