Despite $1.04 Million and Warren Buffett’s Investment Strategy, Mikaela Shiffrin Parts From a Prized Possession

As they reach the pinnacle of glory in their respective sporting fields, most athletes spread their realms to vocations outside of athletics. While some enter in the business arena, others choose investment avenues. On the same note, alpine skiing queen Mikaela Shiffrin has also taken the spotlight by investing more freely in her financial future. Recently, she made a pretty surprising financial decision that has caught the attention of many.

Mikaela Shiffrin is selling her famous condo in Denver as part of her long-term financial plans. She made the decision after winning over $1.04 million in a single season. The ace alpine skier created a record with these earnings, but she surprised everyone by revealing her plans for the opulence.

Mikaela Shiffrin’s bold financial move after skiing record

Mikaela Shiffrin has always made waves with her performances on the slopes. She was even titled “once in a millennium athlete” by Olympic champion Bode Miller. After lifting her 88th slalom win in March 2023, the 28-year-old American prodigy earned the largest-ever prize money earned by a skier during a season. Following this, she asserted her plans and stated, “My strategy for the money I’ve earned is to save and invest”. The alpine skiing legend clarified that she is following the principles of billionaire business tycoon Warren Buffett. Buffet has served as the CEO of Berkshire Hathaway, and in his open letter to the shareholders in the company, he emphasized that there is no “perfect time to invest”.

This advice has resonated with Mikaela Shiffrin, who has now begun investing money in diversified portfolios. The skiing champion has also decided to sell off her condo in Colorado to increase her investment capital.

Interestingly, the video was uploaded by Ben Babbitt, who is the Team lead with the Ivy House Group, which is a company run by real estate professionals. In the caption, he penned, “Calling all Broker Friends! Here’s your chance to get a preview of this Beautiful Spire Condo, owned by Mikaela Shiffrin!”

More so, the Ivy House helps homeowners like Shiffrin sell off their homes without much struggle. The video showed Mikaela Shiffrin’s ski boards mounted on the wall with imprints of her achievements in the sport. Shiffrin has wonderful memories in this home but is ready to move on to a new chapter in her life.

Mikaela Shiffrin embracing change

Mikaela Shiffrin decorated the condo with lavish features and made it into a “santuary” for herself. She has celebrated many successes in this home, including her record-breaking season in 2023. Fans waited outside the condo to welcome the skiing sensation from Vail after her eighty-eighth World Cup victory. Despite the sentimental value of her current home, Shiffrin recognizes the importance of saving for her future.

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In the past, she has spent her money willingly on family vacations, but now Shiffrin has changed her tactics. She only buys costly items if they provide value for a long time and also prefers to buy from cheap stores. Shiffrin plans her investments with a local, family-run investment firm in Edwards. Now she has adopted the principles of iconic businessmen like Warren Buffett. As she embarks on a new financial journey, the skiing legend has also inspired others to invest in their own futures.

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