Ever since Alex Rodriguez debuted in the major leagues in 1994, he has not stopped impressing people. Establishing a name for himself as one of the greatest baseball players of all time, A-Rod is undoubtedly a phenom. Even after retiring in 2016, the former Yankee is still widely talked about. If not for his amazing performance on the diamond, then it’s his financial acumen. Truly, A-Rod is one of a kind!

Known for playing with the Seattle Mariners and Texas Rangers in addition to the Yankees, Rodriguez has been counted among one of the highest-paid athletes. And coming from humble beginnings, A-Rod has not wasted those earnings. After all, his immense business empire didn’t build itself. And a lot of trial and error later, the former shortstop is not holding back on giving advice to today’s players.

Alex Rodriguez speaks on why baseball players go bankrupt after retirement

The former Yankee made an appearance at Family First Life Convention last week. He was invited to speak at the insurance broker’s event about all things finance. And given A-Rod’s tremendous business sense, the event was a success. Diego Rodrigo Ventura Cruz, an agent for Family First Life, recently shared a clip of Rodriguez at a talk. The former Yankee gives a fictional example of how pro baseballers, much like regular people, end up spending their earnings more than is realized.

“Let’s say Shawn makes $100 million in his career…now Shawn hasn’t bought a house, hasn’t bought a car, hasn’t even gotten divorced for the first time yet,” Rodriguez says.

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All this to say that instead of spending on luxurious items just because you can at that point in time, players should make an effort to invest wisely. So that when they no longer have a steady salary from baseball, they’re still set for life.

Rodriguez has been giving the same advice for many years and…it works

The former Yankee founded his investment firm A-Rod Corp in 1996. And like any company, though A-Rod started out small, the company saw gradual but great success. And hasn’t looked back since. Not only that, Rodriguez invested in his first apartment deal at only 22 years old. When the hard facts of pro sports personalities’ lives were laid in front of him, the former shortstop wanted to beat the system. And he did so successfully.

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Now Rodriguez has $350 million worth and has probably made more money from businesses than baseball. Having spoken at various conventions, and looking at Rodriguez’s own life, it’s clear that his tips and tricks work. A-Rod really is unbeatable when it comes to his business acumen!