MMA Fighting<\/a>, Askren, who recently retired from competition after a 1-2 stretch in the UFC, emphasized the importance of saving, investing, and creating secondary sources of income for fighters.<\/p>\n\u201cI gave myself a three to five year window, a runway where I could grow my businesses and everything else to where I could live very comfortably without tightening the belt,” Askren explained.<\/p>\n
\u201cGive yourself a runway and have other things that you\u2019re doing,\u201d Askren added. \u201cThat\u2019s kind of how they have to think about it. Yeah, I made probably close to $1 million last year when you include everything. I\u2019m not going to make that any time soon but I feel like I made the right investments and I saved enough of it to where I have a runway where I\u2019m making a pretty good living and I\u2019m going to continue developing my businesses and grow other things I\u2019m doing as well.<\/p>\n
\u201cNot just investments but find other skills,” Askren continued. “Because even if you have enough money, you\u2019ve got to do something or you\u2019re going to be bored as sh*t. Literally find another job, find a skill, find a hobby, find something you\u2019re passionate about and use your notoriety that you have while you\u2019re fighting to develop that business or that hobby or whatever it is.\u201d<\/p>\n
Askren added that it’s important that fighters, who oftentimes find themselves in dire financial straights, work with people who have their best interest in mind.<\/p>\n
\u201cJon Jones\u00a0had a tax lien on him [Donald] Cerrone\u2019s had a tax lien on him.\u00a0James Toney\u00a0had a tax lien on him. This is not totally new,\u201d Askren said. \u201cThis is not a brand new thing whatsoever.<\/p>\n
\u201cI would say just hire people who actually have your best financial interest in mind. That\u2019s kind of hard to find sometimes. Obviously, I think you have to have a basic amount of information yourself so you don\u2019t get taken advantage of.\u201d<\/p>\n
What do you think of this advice from Ben Askren?<\/p>\n","protected":false},"excerpt":{"rendered":"
Former Bellator and ONE Championship welterweight titleholder Ben Askren has some financial advice for his fellow fighters. Speaking to MMA Fighting, Askren, who recently retired from competition after a 1-2 stretch in the UFC, emphasized the importance of saving, investing, and creating secondary sources of income for fighters. \u201cI gave myself a three to five […]<\/p>\n","protected":false},"author":54430,"featured_media":329959,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[10184,39610],"tags":[],"yoast_head":"\n
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