From Pro-Skateboarder to Financial Guru

INTRODUCING MIKEY TAYLOR:

Serial entrepreneur and former professional skateboarder Mikey Taylor is President and Managing Principal of Commune Capital, a private equity real estate investment firm. He started with the goal of educating the masses on financial literacy. Sam and Mikey talk about his entrepreneurial journey, from launching his own craft beer company to his real estate investment career. Mikey talks about why his propensity for risk-taking as an athlete has translated to success in the business world. They discuss strategies for saving money, investing and the mindset required to become a millionaire and even a billionaire! Finally, Mikey shares his views on finding balance with work, family and friends, and talks about his future goals.

THIS EPISODE FEATURES INSIGHTS ON MONEY MINDSET, FINANCIAL LITERACY & FINDING BALANCE:

Mikey Taylor’s background as a professional skater and not going to college
Mikey reflects on his first entrepreneurial endeavor, a craft beer company
Fighting off self-doubt and fear to become successful, both in skateboarding and business
The capacity for risk-taking
The origin of Commune Capital
Having a money mindset and the best way to become a self-made millionaire
How Mikey likes to spend his money
Scarcity vs. abundance mindset and the impact of fear and greed
How COVID-19 impacted Mikey’s investment strategy
Advice for first-time investors
Identifying smart investments
The financial benefits of leveraging social media
How Mikey balances work, life, and family
Where you can find Mikey

WHAT DID MIKEY SAY?

“And so, when my career ended, I had the choice to basically do whatever I wanted to do. I didn’t have to work, I didn’t have to survive, which was very different from the normal transition. And that just led me to see a shortage or a pain point in the community and try to create something that would become a pathway that would help to more freedom.”

“Throughout skateboarding I learned that I’m always going to try to talk myself out of things that are new. But, if I don’t let it stop me, nine times out of ten I’m going to do the trick that I was trying to stop myself from doing.”

“If you believe it’s possible [to become a millionaire] then anyone can do it. If you do not think it’s possible, you will not do it. Your truth is your perspective.”

“One has a mindset of, ‘I’ll never get passed this and there’s no point in trying.’ The other is, ‘How do I get there? I’m going to actively take steps to achieve it.’ That little perspective is a game changer.”

“I’ll tell you this. This is our goal as a business. Our five year goal is to be managing one billion dollars. Currently, we’re managing one hundred and seventy million. If we don’t do anything, we should get there in ten.”