There is no better person to seek investment advice from than someone who has handled a lot of money over the course of his life.
We are talking about Andy Roddick, the man who made a mark on the tennis sport and firmly established himself as a legend in the game. When it comes to money, Andy has got only one principle which he makes sure to stick by religiously: discipline.
Now discipline can mean a variety of things, but Andy means it in the sense that you need to be consistent with the amount that you set aside every month as savings.
According to him, no matter how much you think that the money you are supposed to save could be used for more profitable means, you must not touch it at any cost. But how did Andy, a tennis player, become so wise when it comes to handling money?
The Rising of a Star
According to reports, Andy was only 17 years of age when he began competing as a professional tennis player, back in the year 2000. Just a year later, he decided to invest his time and money into a charitable cause that promoted the availability of education for children, under the banner of the Andy Roddick Foundation.
It didn’t take Andy long to establish himself among the best players in the profession, as he was declared the winner at the US Open when he was just 21 years old, which also propelled him to the first spot of the greatest tennis players in existence at that point in time, albeit for a brief period.
But, unlike many people who achieve success at such a young age and become reckless with the way they spend, Andy started thinking about responsible ways to invest his earnings.
A Natural Investor
According to Andy, he had started saving money because he wanted to invest it, keeping in mind the goal of generating a stable source of income from his investments after he eventually stopped playing the sport.
He also believes that saving and investing at a young age is an amazing opportunity to become financially stable much earlier in your career, which creates room for you to become more creative with the work you do.
But Roddick had also been very lucky and fortunate to have accumulated enough savings that when the financial crises occurred back in 2008, he was in the right place at the right time to invest his money into real estates, such as bank buildings, easily securing leases that spread over a time period of around 20 years.
According to him, real estate is one investment that pays off only if you are willing to wait for a couple of decades.
Eventually, Andy decided to retire from professional tennis by 2012, but his portfolio now includes around 70 properties. Although he is not buying as frequently as he used to in the past, he has enough to live off the rest of his life in absolute comfort.