Business | How to Deal with the Fear Associated with Investing 100% (with NBA Hall of Famer, David Robinson)
Thrivetime Show | Business School without the BS
Clay Clark
4.7 • 1.5K Ratings
🗓️ 11 May 2023
⏱️ 20 minutes
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Summary
Clay Clark Testimonials | "Clay Clark Has Helped Us to Grow from 2 Locations to Now 6 Locations. Clay Has Done a Great Job Helping Us to Navigate Anything That Has to Do with Running the Business, Building the System, the Workflows, to Buy Property." - Charles Colaw (Learn More Charles Colaw and Colaw Fitness Today HERE: www.ColawFitness.com)
See the Thousands of Success Stories and Millionaires That Clay Clark Has Coached to Success HERE: https://www.thrivetimeshow.com/testimonials/
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Clay Clark Testimonials | "Clay Clark Has Helped Us to Grow from 2 Locations to Now 6 Locations. Clay Has Done a Great Job Helping Us to Navigate Anything That Has to Do with Running the Business, Building the System, the Workflows, to Buy Property." - Charles Colaw (Learn More Charles Colaw and Colaw Fitness Today HERE: www.ColawFitness.com)
See the Thousands of Success Stories and Millionaires That Clay Clark Has Coached to Success HERE: https://www.thrivetimeshow.com/testimonials/
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Transcript
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| 0:00.0 | Get ready to enter the Thrive Time Show, three, two, one, boom. |
| 0:09.0 | All right, Thrive Nation, during today's podcast. |
| 0:12.0 | I have the pleasure of sitting down with NBA Hall of Fame basketball player David Robinson. |
| 0:18.0 | And we discuss why the majority of professional athletes go bankrupt after retiring from their respective sports |
| 0:27.0 | and how he invested a massive amount of his net worth into a non-profit school. |
| 0:36.0 | And how did he push through the obviously the worries and the stress and the anxiety that I feel like would have come with? |
| 0:45.0 | Putting up a huge percentage of your net worth investing a massive percentage of your earned income into a non-profit school. |
| 0:55.0 | He wasn't investing in a for-profit school or a for-profit business. |
| 0:58.0 | David Robinson, the NBA Hall of Fame basketball player who played for the San Antonio Spurs and who won two NBA championships and two gold medals, |
| 1:08.0 | took a substantial amount of his net worth and reinvested it right back into the community, specifically into the kids and the underserved and underprivileged kids in San Antonio, Texas. |
| 1:21.0 | And so we're talking about on a broader level, how is an entrepreneur, how to deal with the fear associated with being all in, with 100% investing in your business and your idea. |
| 1:36.0 | With any further ado, David Robinson here on The Thrive Time Show. |
| 1:41.0 | There was an article that was written in GQ Magazine by one of the guys named Noah Davis. |
| 1:46.0 | And it said that this was in 2012, April 2nd. |
| 1:49.0 | It said that somewhere between 60 to 80% of all of the athletes in the NBA and NFL go bankrupt within five years of retirement. |
| 1:58.0 | And a lot of these guys are starting businesses. |
| 2:00.0 | I mean, they get out of the pros and they immediately are like, well, I'm going to take $5 million and open up my own custom car company. |
| 2:07.0 | Or I'm going to start my own race team or I'm going to open up my own t-shirt line. |
| 2:11.0 | And I decided to give mine. |
| 2:14.0 | Yeah, that was not a good business planning. |
| 2:17.0 | Well, did you ever worry that you would spend all, I mean, because in theory, it cost you money every day to be open. |
| 2:23.0 | Yes, it did. |
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