There are many football players that have achieved stardom, however, only a few have been able to go beyond that and become legends. Tony Gonzalez is one such legend, one of NFL’s best tight ends and with a career record of 17 seasons (out of whish he only ever missed 2 games), Gonzalez has an incredibly decorated career. He retired from football at the age of 37 and has now become a studio analyst for Fox Sports, today we are going to take a look at how Gonzalez managed to go through this transition and how did he manage to hold up his finances after his career as a sports star came to an end.
Gonzalez’s only interest was never football, he always wanted to find out what was he best at and during his career, he tried his hand at a number of ventures. Gonzalez tried forming a few businesses but soon found out that this was not where his happiness lied, he had a love for being on camera and therefore, he could only find a satisfactory career in the TV business. This is why he chose to become an analyst for Fox Sports, the best part about his current job is that it is right next to his home, which makes life a lot easier for him.
Also, Gonzalez managed to keep his financial side stable by planning ahead of his retirement, he made a plan on how to spend his funds and stays on a tight budget, he also holds a job that ensures a steady stream of money keeps on coming his way. Being a father of four kids has also helped him keep his expenses under check, it has allowed him to mature and helped him become more careful with his money. Gonzalez no longer cares about flashy cars and watches, instead, he finds joy in being with his family and in his work.
Gonzalez also owes his talent with handling money to his step-father, who was a risk averse spender who liked to plan ahead. Gonzalez picked up plenty of lessons from him which have helped him keep his finances strong, Gonzalez also learned about risk capital from a friend which really helped him plan out his finances in the long term as well, and to this day he has continued to follow his risk capital based plan that basically tells him how much money will he need to continue living his current lifestyle for the next 50 years or so.
According to Gonzalez, the best investment that he ever made was with a tech company in San Francisco called FitStar. He acted as a virtual trainer for the company, which was later on bough by FitBit. Gonzalez made a deal with a company that instead of paying him, they were to give him an ownership in the company’s shares. This turned out to be a highly profitable venture that ended up with Gonzalez earning money without having to invest anything of his own.