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Thrivetime Show | Business School without the BS

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

Business, Entrepreneurship

4.71.5K Ratings

🗓️ 24 October 2022

⏱️ 7 minutes

🧾️ Download transcript

Summary

NBA Hall of Fame basketball player David Robinson talks with business coach Clay Clark how to deal with the fear associated with investing in both yourself and your business.

Transcript

Click on a timestamp to play from that location

0:00.0

Get ready to enter the Thrive Time Show 3, 2, 1, Boom!

0:09.2

Alright Thrive Nation, during today's podcast, I have the pleasure of sitting down with

0:13.5

NBA Hall of Fame basketball player David Robinson, and we discuss why the majority of

0:20.6

professional athletes go bankrupt after retiring from their respective sports and how

0:27.3

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

0:42.2

that I feel like would have come with?

0:45.1

Putting up a huge percentage of your net worth investing a massive percentage of your

0:51.0

earned income into a non-profit school.

0:55.1

He wasn't investing in a four-profit school or a four-profit business.

0:58.2

David Robinson, the NBA Hall of Fame basketball player who played for the San Antonio Spurs

1:03.4

and who won two NBA championships and two gold medals, took a substantial amount of his

1:09.8

net worth and reinvested it right back into the community, specifically into the kids

1:16.9

and the underserved and underprivileged kids in San Antonio, Texas.

1:21.8

So we're talking about on a broader level, how is an entrepreneur, how to deal with the

1:27.0

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.

1:42.1

There was an article that was written in GQ Magazine by one of the guys named Noah Davis

1:46.1

and it said that this was in 2012, April 2nd.

1:49.5

They said that somewhere between 60 to 80% of all of the athletes in the NBA and NFL go

1:54.2

bankrupt within five years of retirement.

1:58.8

And a lot of these guys are starting businesses.

...

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