World Series Champion Dexter Fowler On Investing In Himself After a 14 Year Career in Major League Baseball
Jul 10, 2024
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Former MLB player Dexter Fowler discusses his financial journey, emphasizing the importance of family, wise investments, and surrounding oneself with the right people. Topics include managing sudden wealth, smart financial strategies for relocating, and making wise investment choices for personal and professional growth.
Success off the field relies on a strong foundation built by family and relationships.
Financial education and surrounding oneself with the right team are crucial for wise investments.
Deep dives
Dexter Fowler's Successful Baseball Career and Transition to Business
Dexter Fowler, a former MLB player known for his historic home run in the World Series, discusses his journey from baseball to business. Rejecting college offers for a professional baseball career, Fowler transitioned into entrepreneurship post-retirement at age 36. He shares his experience navigating success in two different worlds.
Dexter Fowler's Early Financial Education and Relationship with Money
Growing up, Dexter Fowler learned the value of financial education from his family. Encouraged by his parents to save and invest wisely, Fowler shares his earliest money memory of saving birthday cash in a piggy bank. His frugal mindset and early interest in business and wealth management shaped his financial decisions throughout his career.
Lessons on Financial Management and Decision-Making
Fowler emphasizes the importance of surrounding oneself with the right team for financial advice. His conservative approach to investments, prioritizing saving, and seeking recommendations for trusted wealth advisors highlight his strategic financial decisions. Taking calculated risks and focusing on lasting financial stability are key themes in Fowler's financial journey.
Balancing Contentment with Financial Growth and Time Management
Reflecting on the balance between contentment and ambition, Fowler discusses the concept of 'enough' in personal finance. He underscores the significance of health, family, and relationships over the pursuit of wealth. Fowler aims to instill a healthy financial mindset in his children, encouraging them to prioritize relationships and personal growth alongside financial success.
When former Major League Baseball Player Dexter Fowler was drafted out of high school in 2004, he signed for $1 million dollars and immediately got a wealth advisor. He played 14 years in the league, and despite all of his success on the field, he attributes his success off the field to his parents, wife, and children. As Dexter explains to Carl in this candid episode of 50 Fires, “you’re only as strong as your foundation”.
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