Floyd Mayweather Says His Best Investment Was Using $750K To Buy Himself Out Of A Contract: I Was Able To Retire When I Wanted To Retire, On My Own Terms

Floyd Mayweather Says His Best Investment Was Using $750K To Buy Himself Out Of A Contract: I Was Able To Retire When I Wanted To Retire, On My Own Terms

 

Floyd Mayweather wants to educate his fans on investing and saving their money!

Floyd Mayweather, 45,–the highest-grossing boxer of all time — just earned a spot in the Nevada Boxing Hall of Fame. During his acceptance speech, Mayweather told the crowd that his best investment was using $750,000 to buy himself out of his contract.

As Mayweather accepted the honor, he talked about those who greatly impacted his career, namely his father. From there, he spoke on his belief in generational wealth and how he has intentionally worked to ensure he had plans for his children and other family members to succeed. One of his most significant moves at achieving financial success was taking ownership of his promotion contract.

Floyd Mayweather


Floyd
explained,

“One of the great things about my career was when I was getting older, and I thought about my career.  I said, ‘You know what I’m gonna do? I want to be my own promoter.’ So, one of the best investments was $750,000 when I bought myself out of my contract. And then in three fights, with the Conor McGregor, Manny Pac, and Canelo, I was able to make $750 million.”

Looking back on his impressive career, Floyd Mayweather noted that he could not have done this alone and credited his team for helping him achieve the monetary success he’s acquired over the years. He said,

“I didn’t do it by myself. I had to have a great team and a great game plan.

With the help of his promotion staff, the boxing legend is focused on continuing to build generational wealth for those closest to him. In his words, “it’s a fight every day.”

In his acceptance speech he also stressed that his current goal is to help young fighters grow and even surpass the work he’s done in the ring. However, in order to do that, he believes young fighters must maintain their health, noting that a person can earn a lot of money, but it will be short-lived if health is not a priority. This belief led him to open a series of boxing gyms around the world. Floyd said,

“One day, I want to see young fighters surpass Floyd Mayweather. I was able to retire when I wanted to retire, on my own terms.”

The champ concluded his speech with one last piece of advice that will ensure the success of future boxers.

“To all the champions coming after me, save your money, be smart, and the less you get hit, the longer you can last in the sport of boxing.”

Congratulations to Floyd Mayweather on being inducted in the Nevada Boxing Hall of Fame!
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Authored by: Monique Nicole