Retirement is considerably one of the most important events in our life. Viewing it from a personal or financial perspective, one could simply be in awe of the incredibly extensive process that is required in achieving a well-planned and well-lived retirement. Such way of thinking had totally crossed the minds of five New York Jets players as they sought for smart money advice for their post-NFL careers. And what follows underneath, are some of the advices they have learned from seasoned entrepreneur and business guru Gary Vaynerchuk.
Invest in Chipotle and its competitors
An entrepreneur and investor, Gary Vaynerchuk, encouraged Ryan Fitzpatrick-- quarterback for the New York Jets, that he should be taking into consideration Chipotle and Shake Shack for food business in contrast to the traditional McDonald's, Burger King and Wendy's. For according to Vaynerchuk, "we're going to see the fastest shift happen over the past 50 years in the next 20. It's a tough business, but when it hits, it hits for real."
To go into business, network like a maniac and do your homework first
Brandon Marshall and Nick Folk who also sought an advice were told by Vaynerchuk "to start schmoozing and learning now." Business should be likened to sports wherein necessary stretching and warm-up activities should be done in order to be successful. "You have to bring tangible skills to the table, getting deeper into your studies on things you want to be doing post-NFL," said Vaynerchuk.
Use social media to talk to people, not just broadcast
Eric Decker, the husband of Jessie James Decker, was told by Vaynerchuk not to be selfish self-promoter on social media in order to expand a brand. The use of social media should be coupled with sincerity especially when reaching to fans and followers alike.
Find the smart money
The 26 year old linebacker, Demario Davis, asked about how to raise a business capital whether thru the use of personal finance, raising capital with others or through take out a loan from a bank? Vaynerchuk's advice to Davis is to look for people who know the business "by bringing in smart money, people who write $50,000, $100,000 checks who know that business - smart money is the most attractive. Dumb money - money just for the money - is second."
