“Less Than 5%“- $350 Million Worth Business Mogul Alex Rodriguez Revealed the Formula for Athletes to Gain Back Their Financial Footing in 2019

Business icon Alex Rodriguez undoubtedly was one of the best ballplayers in while he played the game. He started his career as an athlete while still a teenager. The former slugger may not have gotten the chance to go to college or get a degree from an esteemed University. But he fulfilled his dream of playing baseball professionally. Before he hung up his cleats in 2016, he side by side, continued to work as a real estate investor for his firm, A-Rod Corp.

The business acumen in A-Rod always pushed him to do better. And with the help of his mentor, Warren Buffett, the baseball phenom pushed his net worth to a monstrous value of $350 million. Now, he is the wealthiest retired player in MLB history. Even though he does not play the game anymore, A-Rod continues his work to help players stay financially stable. A couple of years ago, he revealed the formula for athletes to keep their financial footing.

What formula did Alex Rodriguez give to the athletes?

In 2019, Alex ‘A-Rod’ Rodriguez launched a new show series called, “Back in the Game.” There, he helped former athletes and ex-entertainers get their financial grip back. 

Read More: Global Pop Superstar Jennifer Lopez Leaves Ex-Beau Alex Rodriguez Out of Her Stunning Super Bowl LIV Tribute Despite His Valuable Sideline Role

He started off by saying, “(Athletes) make 90 percent of income as an athlete from age 20 to 30, and less than 5% of our 750 players have a college degree. One of the greatest competitive advantages we have as athletes, is we make a lot of money early.” After which, he said that by having the guidance of the right person and using the already earned big chunks of money from their career, no one would need to find a different source of income later in their life.

A little help goes the long way. It did for A-Rod, with the help he got from one of his mentors, Warren Buffett. Later, he said, “You need a championship, you need Mariano Rivera, Andy Petite, or the same thing in finances, you need Barry Stierlitz, and you need the Warren Buffetts in your community or in any community to help you out.”

A-Rod Corp was started by selling off the Rolex watches

When the former baseball player got his first-ever paycheck, like others, he also wanted to buy something big and luxurious for himself. So he went ahead and bought a couple of Rolex watches. 

Watch this story: MLB great Alex Rodriguez’s stunning million dollar car collection 

But when the time came for him to start his investment firm, A-Rod Corp, he didn’t have enough funds left. So, in order to fulfill his other dream, he sold the Rolex. He did so to build the foundation for A-Rod Corp. Also, he did so, while he was still a teenager, at eighteen.

Did you find Rodriguez’s story inspirational? If so, let us know in the comments below!