Business Casual

Podcast Notes Key Takeaways * Alex Rodriguez is disappointed by the US education system not teaching financial literacy + “It’s arguably the most important class than any young person can take today” Alex Rodriguez + 78% of NFL players experience financial distress within 2 years from retirement * In the past years, there has been a shift of power from the institution to individuals * What should pro-athletes do for their finances? + Surround yourself with the best people in the world and build long term relationships - Do so during your career, not after it * Many athletes don’t invest in networking + Whenever Alex went to a new city, he would meet with local entrepreneurs * 3 main lessons learned from Magic Johnson + You always want to stay relevant - Television allows you to do that and stay connected to your fans + Go out for speaking engagements - It allows you to connect to the next generation of entrepreneurs and investors + Surround yourself with a world-class team * Alex’s 90% Rule + He’s happy leaving 10% of the deal on the table to encourage a long term partnership + “It’s not fun getting rich by yourself” Alex Rodriguez * A lot of reputation has to do with taking a long term view + What can you do for your partners? + How can you create more win-win scenarios?

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The transition from the athlete world to the business world is not historically an easy one. Today, MLB legend Alex Rodriguez joins us to break down how he so successfully transferred his skills from the ball field to the boardroom to build his company, A-Rod Corp. He’s telling us about the importance of accountability, building long term relationships with mentors, and surrounding yourself with the right team.