Coco Gauff invests 5 years of her life to increase her net worth #25 SA.
A few weeks ago I started a course in finance and investments (something I think we should all know about). It is very interesting to acquire knowledge about our personal budget: what we spend our money on? (which says a lot about us), how much we can save? and above all to understand how to increase our wealth?
So, Silvana, what does this have to do with sports? Well, let me tell you that it has a lot to do with it...
I could give you the basics from the point of view of a tennis player, for example, that as she improves her ranking, her income improves (both from tournament earnings, as well as from collaborations and/or sponsorships with brands - companies). Or I could make an analogy between investing in the long term to increase our wealth and the investment of a tennis player to improve her level and therefore her ranking; in both cases the most important thing is consistency.
Continuing with the analogy, a few days ago there was an interview with Coco Gauff about her development around her 20th birthday. It made me think about long-term and constant investment.
Let's see... the most important thing is to know yourself, to understand where you want to go and what the tools - the strategies - will be to achieve the goals you've set for yourself.
In Coco's case, it was always to be constant, to strengthen his game, to understand that as he grew, his technique evolved (at a muscular level and at a biomechanical level due to his height), as well as the tactics he would apply according to the playing surface and his opponent.
She never worried about winning titles, the focus was always on the constancy to improve day by day and 5 years later she enjoys being one of the highest paid tennis players in the world, besides enjoying position 3 in the WTA ranking.
With all this income, I can't stop thinking about the kind of estate planning she has decided for herself. In any case, the most important thing I want you to take away from this issue is... whatever your income, understand your personal finances, know what your long-term goals are, plan and invest consistently and for the long term.
And that's all for today. Although if you want to know how the first session with my professional re-coach went or if I was able to contact Conchita Martinez, let me know in the comments (or by replying to the email) and maybe I'll even tell you.
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