Diversification is a key to smart investing at every level. On this bonus episode of The Yield, Milind Mehere and Spencer Dinwiddie take a deep dive into what it means to pursue financial freedom, the importance of financial literacy, and how money has played a role in Spencer’s life. Washington Wizards point guard, Pac-12 all conference honoree, Calaxy founder, sneaker designer and entrepreneur, Spencer shares more on the importance of learning to manage large sums of money overnight as a budding NBA All-Star, and when he started to plan for life after basketball.
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Key Takeaways:
[1:15] Widdie’s basketball, entrepreneur, creator and philanthropic background.
[3:32] A balanced approach to the calculated investing of an NBA salary.
[5:56] Who first inspired Widdie to invest his time, talents and money?
[8:32] The importance of diversification in your investments.
[10:45] The what, where, how and why of investing in startups.
[14:48] Why does Widdie continually expand his business and investment knowledge base?
[17:28] Widdie’s motivation and mentors when investing in entrepreneurial ventures.
[19:33] The importance of philanthropy and giving back to your community.
[21:05] Lessons learned from the Brooklyn Nets and the Detroit Pistons.
[23:44] What’s next for Spencer Dinwiddle?
Mentioned in This Episode:
