Who’s buying real estate? Maybe you are, maybe your friend is, but what about NFL players? Most casual fans would assume that getting paid millions of dollars a year would ensure a long-lasting retirement, but this isn’t always true. For many professional athletes, you’re constantly living one injury away from having no income. If, like many newly-signed pros, you splurge your first few years of checks, you could enter into retirement flat broke without any of the millions you earned.
This is the exact opposite of what Cliff Avril and Devon Kennard did. They knew that their career earnings started ticking away the second they stepped onto the field, so they made moves to protect their wealth in other ways. Although numerous financial advisors told them to play it safe with index funds, REITs (real estate investment trusts), or other more “passive” investments, they decided to multiply their active income by investing heavily in real estate.
And, even during an economic downturn, these two financial powerhouses are still investing, trying to maximize their dollar as much as possible. In this episode, we chat with Cliff and Devon about syndications they’ve invested in, how they’re staying up-to-date in today’s wild housing market, where they’re investing, and why they picked real estate over all the other assets. You don’t need to be a pro football player to take these lessons to heart, so stick around because this episode is bound to make you wealthier!
Dave:
Hey everyone. Welcome to On The Market. I’m your host, Dave Meyer, joined by Seahawks super fan James Dainard. What’s going on James?
James:
I’m just, I woke up so early and I was excited for the day. This is a good day.
Dave:
You’re just a kid in the candy store today. Could you tell everyone why you’re so excited?
James:
Well, we have two awesome people coming on. We got Devon Kennard, and then we have Cliff Avril, which I’m a huge fan of. I actually think Cliff’s one of the…