Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver. You only have to drive !!
Everyone wants to have an endless supply of money to buy whatever they want without constraint. Or at least that’s what you’ve been told. Fast cars, nice clothes, big houses, and the list goes on, Says Hirav Shah, Popular Business Coach and Strategist.
But whats the right way to build your wealth? Smart, wealthy people have figured out the secret to getting rich and staying rich, and the secret is all in how you manage your money.
What Is “Being Rich” ?
First, let’s define rich. To you, is being rich having the latest and greatest gadgets? Or is it about having enough money to know that regardless of what life throws at you, you will always have financial security?
Wealthy people have a stash of cash they’ve invested that provides an excellent return. They know that living off the money their investments are making for them (the investment income), the better off they’ll be because they will always have their investments working for them without using their principal (the original investment). The key to wealth is knowing how you manage your money and get your money working,Quotes Shah.
And while talking about money here, it’s impossible not to mention about “Money Mayweather “. Money was a nickname Floyd gave himself, and the creation of his “The Money Team”, showed Floyd had a strong sense of how to build his popularity in the urban market.
Who Is Floyd Mayweather?
Date Of Birth
Floyd Joy Mayweather Jr. ( born Floyd Joy Sinclair; February 24, 1977 & currently in his 45th year ) is an American professional boxing promoter and former professional boxer. He competed between 1996 and 2015, and made a one-fight comeback in 2017. During his career he won fifteen major world titles including The Ring in five weight classes, the lineal championship in four weight classes (twice at welterweight), and retired with an undefeated record. As an amateur, Mayweather won a bronze medal in the featherweight division at the 1996 Olympics, three U.S. Golden Gloves championships (at light flyweight, flyweight, and featherweight), and the U.S. national championship at featherweight.
Career and Earnings
Mayweather was named “Fighter of the Decade” for the 2010s by the Boxing Writers Association of America (BWAA), a two-time winner of The Ring magazine’s Fighter of the Year award (1998 and 2007), a three-time winner of the BWAA Fighter of the Year award (2007, 2013, and 2015), and a six-time winner of the Best Fighter ESPY Award (2007–2010, 2012–2014). In 2016, Mayweather was ranked by ESPN as the greatest boxer, pound for pound, of the last 25 years. As of July 2020, BoxRec ranks him the 2nd greatest boxer of all time, pound for pound behind Ezzard Charles. Many sporting news and boxing websites, including The Ring, Sports Illustrated, ESPN, BoxRec, Fox Sports, and Yahoo! Sports, ranked Mayweather as the best pound-for-pound boxer in the world twice in a span of ten years.
He is often referred to as the best defensive boxer in history, as well as being the most accurate puncher since the existence of CompuBox, having the highest plus–minus ratio in recorded boxing history. Mayweather has a record of 26 consecutive wins in world title fights (10 by KO), 23 wins (9 KOs) in lineal title fights, 24 wins (7 KOs) against former or current world titlists, 12 wins (3 KOs) against former or current lineal champions, and 4 wins (1 KO) against International Boxing Hall of Fame inductees.
Mayweather is one of the most lucrative pay-per-view attractions of all time, in any sport. He topped the Forbes and Sports Illustrated lists of the 50 highest-paid athletes of 2012 and 2013, and the Forbes list again in both 2014 and 2015, listing him as the highest-paid athlete in the world. In 2006, he founded his own boxing promotional firm, Mayweather Promotions, after leaving Bob Arum’s Top Rank.Mayweather has generated approximately 24 million PPV buys and $1.67 billion in revenue throughout his career, surpassing the likes of former top PPV attractions including Mike Tyson, Evander Holyfield, Lennox Lewis, Oscar De La Hoya and Manny Pacquiao. In 2018, Mayweather was the most-paid athlete in the world, with earnings amounting to $275 million.
How Floyd Mayweather Made So Much Money
Floyd Mayweather‘s big source of income is not his partnership with different brands. In fact,he generates most of his revenue from his own boxing promotional firm, ‘Mayweather Promotions‘, which he started in 2007.
After Mayweather cut ties with renowned boxing promoter Bob Arum, he hosted a series of huge PPV events under the banner of Mayweather Promotions. His fights against the likes of Canelo Alvarez, Manny Pacquiao, and Conor McGregor has contributed massively to his income.
Super featherweight star Gervonta Davis is one of the biggest stars who has signed with Mayweather Promotions.
Floyd Mayweather has also topped the Forbes’ list of the world’s highest-paid athletes on four different occasions, in 2012, 2014, 2015, and 2018, respectively – a feat that no other sportsperson has achieved.
Post-retirement, Mayweather is looking forward to continuing earning big paychecks. Money and Mayweather seem to the best of friends,Says Hirav Shah.
Love him or hate him but you can’t ignore him. He was right about what he was going to do – tenfold. Nobody had ever imagined the amount of money he could make. He had carried the sport on his back, and it’s been one of the greatest rides in the History of the sport, Opines Hirav Shah, India’s favourite Business Strategist.
Everyday is a bank account, and time is our currency. No one is rich, no one is poor, we’ve got 24 hours each.
Think, Plan, Strategize & Channelise.
Money will come knocking at your door, Hirav Shah Concludes….