When Andy Roddick was on the peak of his tennis profession, he knew he needed to be good about his cash.So he began constructing his wealth as an a
When Andy Roddick was on the peak of his tennis profession, he knew he needed to be good about his cash.
So he began constructing his wealth as an alternative of spending it — and is now a successful real estate investor.
His recommendation to others: Begin investing at an early age.
“Essentially the most highly effective factor you could be is a younger investor,” the one-time U.S. Open champ mentioned. “Time is your pal.”
Roddick entered the world {of professional} tennis in 2000 on the age of 17. He received the U.S. Open when he was 21 and briefly held the title of No. 1 ranked participant on this planet.
On the time, a mentor mentioned, “you do not have to put on your wealth,” recalled Roddick, who earned $20.6 million in prize cash throughout his tennis profession.
Yr-over-year returns are wonderful … decade-over-decade returns are lots higher.
Andy Roddick
Former U.S. Open champion
So he paid shut consideration to his monetary well being and regarded for methods to present again.
When he was simply 18 years outdated, he began the Texas-based Andy Roddick Foundation. The nonprofit focuses on partaking youngsters outdoors of their time within the classroom, serving to them develop in topics like science, artwork, sports activities and literacy — together with monetary literacy.
He additionally invested correctly. Through the 2008 financial crisis, he started snapping up actual property when individuals have been liquidating. He was capable of lock down 15- and 20-year leases, specifically on financial institution…