Floyd Mayweather, the king of money.
Reading Time: 1 minute
Former US #Boxer and #WBC world #champion in five different categories. #Mayweather, inserted by the magazine #forbes among the 50 highest paid sportsmen of all time, with its 300 million earned only in 2014, has reached the end of his career that still sees him undefeated.
But how does Floyd spend his #money? We start from his many luxury cars: #bugatti, #ferrari, #lamborghini, #porsche, strictly black or white for a total value of 65 million dollars, divided by colour in the two different garages. The lion's part is represented by the Koenigsegg CCXR Trevita, one of the only two in the world, which cost him 4.7 million dollars.
Also famous is its collection of luxury watches, with a total value of 6.5 million dollars, which includes 24 pieces, including 8 #rolex, 2 #Aximums and 8 #AudemarsPiguets.
The Champion has many homes in several cities, including the island of BoraBora, Las Vegas and Miami. Obviously, he could not miss a private jet, with which he moves to make the longest routes: in his jet he is the only one to get in, his staff is forced to take a parallel flight because of fear to have too much weight in the cabin.
Even #style and #fashion matters and his cloths are perfectly representative of the character: the legend created around his clothing habits tells that often, in the middle of the night, he wakes up and decide whether to train or go shopping, buying no less than 12 pairs of shoes, worth at least 6500 dollars each, that he will only wear once.
Many of his meetings were among the most profitable in history: in 2015 he faced Manni #Pacquiao, generating about 580 million total revenue. In 2017 he faced Conor #mcgregor, beating him, reaching his 50th success and generating about 700 million dollars. Obviously, he is not reluctant to show his wealth on social media and whenever he appears in public.
Did you know about Mayweather's successes and earnings? In your opinion, is it right for sport to generate so much revenue?
#Shareyouropinion in the comments
If you can turn much of your spending habits into #investing habits, you will make 80/20 #compounding work for you, save and make possibly hundreds of thousands or even millions, and have a valuable life skill most don’t have.
Think of every material item you buy as a liability-cash-drain, and apply an investor mentality and strategy to each purchase & think can you turn it into an #asset
It goes to a further level of investment when you can buy something that could go up in value, like #watches, #jewellery, #art or #antiques. I’ve yet to find speakers that go up in value, but as I have a passion for both music and turning spending into investing, I shall continue to watch and learn. The most unique or desired of material items hold value or go up in value, like the #Hermes handbag or original designer furniture.
If you buy an-all steel #Rolex#Daytona, even from new, it will appreciate in value over time. As do some other Rolex models, #Patek Philippe’s and more recently some limited novelty #AudemarsPiguets
You can likely get around £1,000 off for a second-hand Daytona, wear and enjoy a beautiful #watch that gives other #networking and perception benefits of how others view you, protect your #cash from #inflation erosion, and make around 7% gross growth.
Here is a recently purchased second-hand ’79 #Daytona [my birth year] for £25,000 with no paperwork.
Daytona in ’79 would likely have been around £2,000. That is proven residual growth of 12,500%. If it had the paperwork it probably would have cost in excess of £30,000.
If historical standard Daytona’s have grown in value that much, it is likely, though not guaranteed, that yours will too. It is interesting if you compare the purchase of a Daytona to a standard #Omega or #Breitling
Assuming a standard model Omega or Breitling costs £3,000 and a Daytona £8,000. In 3 years the Omega or Breitling will be around £1,200 to £1,700, yet the Daytona will be £7,000 to £7,500.
The Daytona, though requiring more capital, has actually cost £300 to £1,300 less in 3 years .