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'Tuff Juice by Caron Butler' PDF
'Tuff Juice by Caron Butler' PDF
TUFF JUICE
BY CARON BUTLER
NBA ALL STAR AND CHAMPION,
BUSINESS BUILDER, AUTHOR
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Born in Racine, Wisconsin during the 1980s, Caron Butler was not raised in
happy circumstances. The community around him was deeply impoverished,
and he became involved with gang culture and crime to stay safe and
financially afloat. After spending time in jail and even solitary confinement
for selling drugs, he turned his life around by dedicating himself rigorously to
basketball. He made it to an elite prep school in Maine, the to the University
of Connecticut, and finally to the National Basketball Assocation, where he
played 15 seasons, earned two all-star nominations, and one championship.
As a retiree, Butler has become a dedicated business builder, investor,
philanthropist, and basketball commentator.
Caron is very clear that he forgets neither the conditions from which he
came, nor the people that still live similarly challenging lives. That adversity
is his consistent motivator in pursuing success as a business developer today.
However, he doesn’t just seek the fulfillment of having “made it out” and
gotten rich and famous. Rather, he seeks to negate the circumstances and
help those who are still suffering.
Caron’s principles, like the story of Tuff Juice (also his nickname), focus on
the long game. No, not triple overtime NBA games. Long-term well-being
that keep you a safe distance from poverty, crime, violence, and danger.
CONTACT INFO
@realtuffjuice @caronbutler
PRINCIPLE
FROM EXTREME ADVERSITY TO PEAK
PERFORMANCE
Butler makes it very clear that his rationale for investing is growth through
long-term sustainable passive income. He isn’t interested in any sort of big
exit or getting a single massive check. Because of his meager origins, Butler
feels that it’s most important to develop a pattern of generational wealth and
financial education among his family and community. Keep your eyes on
legacy, not the things great wealth can buy.
Of course, Caron Butler became quite rich through his basketball career. In
fact, he made many millions in just his first year. So, yes—he was able to
live extravagantly for some time, including seemingly endless travel, material
luxury, and even wonderful gifts for his loved ones. However, he identified
early on that extravagance and superficial gifts ultimately lose significance.
He always keeps his deeper purpose of empowerment and education at the
fore, and never loses sight of this in his business dealings.
One of Butler’s key strategies for investment is to stick with what you
know. For instance, he and his family have always been interested in luxury
hospitality, so they navigated their way into equity of Graduate Hotels. As
we’ve established, Butler is also a believer in the promise of tech and social
media to empower, so he has invested in an app called Arbit. And, of course,
he is heavily invested in community centers back in Racine. Because he is so
passionate about each of these things, he finds no problem—even enjoys
—checking on each endeavor and the status of his investments on a daily
basis. Every morning, he is in touch with his team, keeping an eye on the
pulse of his commitments. You should feel comfortable and enthusiastic
about doing the same.
At the same time that you want to stay close to your realms of expertise
when investing, you also want to be sure that you aren’t making investments
and major business commitments based on emotional appeal. A particular
company or product may have a seemingly inspirational brand message, but
if the numbers don’t add up, if there’s no proof of concept, you should avoid
taking substantial risks. Avoid the emotionally appealing ideas as much as
you avoid the temptation of a potential “home run” short-term investment
that involves committing to the whims of an unfamiliar industry.
QUESTIONS & EXERCISES
What is your deeper purpose for striving to achieve as you do? Who are you
seeking to help and why? Write these down in a place where you can return
to them for a regular reminder to yourself.
Who are your most prized mentors? Have you ever managed to seriously
impress them? Create a plan to do something that will impress them soon.
Execute this and ride the wave of their approval thereafter.
What industries are you most interested in or familiar with? Search some
companies from those realms and conduct a bit of research as to whether
they’re a viable investment option.
Is there a “big break” that would advance or make your career suddenly and
rapidly? If so, how prepared are you to capitalize on such a moment? How
can you be better prepared?
YOU’VE MADE IT!
CONGRATULATIONS!
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