#1. Unexpected success can be life-changing—if you’re ready for it
Tony Hawk’s Pro Skater video game series was a massive hit, but even Hawk himself didn’t anticipate just how successful it would become. After the release of the fourth game in the series, he was shocked to learn that the first three games were still in the top 10 sales. The result? A surprise USD$4 million royalty cheque that changed his life.
What’s the takeaway for investors? Be ready to seize opportunities. Sometimes, a single investment or venture can unexpectedly take off, offering life-changing financial rewards. But this only happens if you're in the right place at the right time, with the right mindset, to take advantage of the opportunity. Like Hawk, it's important to diversify your efforts and be prepared to reinvest in your future when success comes knocking.
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Invest Now#2. Importance of giving back
Hawk didn’t just sit on his newfound wealth. He used a significant portion of his earnings to give back through his Tony Hawk Foundation, which builds skateparks in underprivileged areas. This not only helps young skaters have a safe place to practice, but also contributes to communities that often lack recreational facilities.
What’s the takeaway for investors? Despite success, Hawk’s experience highlights the importance of reinvesting in your community and supporting causes you care about. Philanthropy can be a powerful way to share your success, and it also builds a lasting legacy. Whether donating a portion of your earnings to charity, investing in sustainable businesses, or supporting local initiatives, giving back can create a ripple effect beyond financial returns.
#3. Staying humble even in success
Despite his wealth and fame, Tony Hawk is known for staying grounded. He doesn’t flaunt his success, preferring to focus on meaningful projects and personal fulfillment rather than flashy displays of wealth. Hawk’s humility is a reminder that staying grounded is key to long-term success.
What’s the takeaway for investors? It can be easy to get caught up in chasing profits and showing off when things are going well. However, staying humble, avoiding risky or showy investments, and keeping your focus on long-term goals can help you sustain your financial success. True wealth isn’t just about money — it’s about how you use it and how it aligns with your values.
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Get A QuoteTony Hawk's investment strategy
Tony Hawk’s approach to investing is another area where he offers valuable lessons. Here’s how he’s diversified his wealth and how investors can follow suit:
Real estate
Hawk has invested in a mix of residential and business properties. Real estate is a tried-and-true investment strategy, offering steady income and long-term appreciation. Whether you're buying your first rental property or expanding into commercial spaces, it’s a smart way to build wealth over time.
Philanthropy
As mentioned, Hawk has dedicated a portion of his income to philanthropy through his foundation. Beyond personal fulfillment, charitable giving can have tax advantages and can be an integral part of estate planning for those thinking long-term.
Business ventures
Hawk has invested in multiple business ventures, including his skateboard company Birdhouse and various clothing and video game projects. For investors, this highlights the importance of staying connected to your passions. By backing businesses that align with his personal interests, Hawk has been able to stay engaged and motivated.
Stocks and private equity
Finally, Hawk has also diversified into stocks and private equity investments, putting money into tech companies and startups. Diversifying your investment portfolio beyond a single asset class can help mitigate risk and open up new growth opportunities, whether it’s through stocks, bonds, or venture capital.
Bottom line
Tony Hawk’s journey from professional skateboarder to savvy investor is full of valuable lessons. Whether it’s being prepared for unexpected success, giving back to the community, staying humble, or diversifying your investments, Hawk’s approach is one we can all learn from. His story proves that the principles of success — whether in skateboarding, business, or investing — often overlap. So, as you roll toward your own financial goals, remember to take a few tips from the “Birdman” himself!
Sources
1. Nine Club Clips: How Much Money Did Tony Hawk Make From Tony Hawk's Pro Skater?? (June 15, 2018)
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