Accountability is one of the most important things you can have after you make a mistake. Alex Rodriguez is a perfect example of that.
It's hard to believe, but my friend Alex began his Major League career 20 years ago. Of course, we all know about accolades and accomplishments, 696 home runs, 3,000 hits, World Series champion, 14x All-Star, 10x Silver Slugger, 2x Gold Glove Award winner, etc.
The list of on-field accomplishments is staggering, but something that struck me recently is what I learned from his recent in-depth interview at Google about 22 years of baseball and investing.
If every professional athlete watched his interview, their financial futures and overall way of life would be much better-served. It's amazing to think that as an 18-year-old rookie Alex had the awareness to invest in a duplex in Miami, a first of many investments over the years under his ever-growing A-Rod Corp.
Yet, the important messages he shares go far beyond the field, court or diamond and they are not just for the people playing on them. I'll give you an example:
Here's my question to you: do you understand the value of a dollar? Do you know what goes in to making that one dollar? Or how you can turn that one dollar into two dollars?
Look, I'm not here to tell you that money is the answer to everything because it's not, and it never will be. But, regardless if you can hit a baseball 500-feet or you're 6'10" and can score 40 points a night or you just consider yourself someone trying to get by, it is important to be smart and strategic with the money you earn so you can live comfortably.
Alex has figured that out and to a degree that even I did not know until watching this video. If you're someone searching for advice on how to make smart investment decisions to build your net worth, take the time to watch the full talk below.