Assets and Liabilities

assets_vs_liabilities_sva_sport_darnell_mcdonald

I recently listened to an entrepreneurial podcast that was all about making responsible financial decisions. You can either spend your money on assets that may hold or even increase in value or spend your money on liabilities which have no return.

This got me thinking about my career and how I have spent my time over the years. As a younger player I spent my time away from the field playing videos games, going out and other things that could easily fall into the liability category. While these things are fun, I wasted a lot of time and energy on things that offered zero return. Looking back on things I realized, when I made the shift in how I spent my time and energy away from the field, it aligns with when I first started to have some real success on the field.

I began reading in my free time, I started watching documentaries rather than reality tv shows, I traveled in the off-season rather than sit in a bunker playing Xbox until my eyes hurt, essentially, I started to invest my time rather than wasting it away. It is said that Lebron James spends $1.5 million on his body every year, he is investing in himself. While most of us don’t have that kind of money to invest in ourselves, one thing we all have is time. With 24 hours in a day, the important question is, what am I doing with my time?

The choice is yours, all I know is once I stopped wasting my time, not only did I find a lot more joy in life in addition to more success on the field. Just ask yourself, is what I am spending my time doing right now an asset or liability?

For anyone looking for an interesting read check out:


“The Way of the Peaceful Warrior” – Dan Millman

If you want a documentary check out:

“Icarus” on Netflix

Tyson Ross