From Mowing Lawns to Madison Square: The Grind to Pro | Andre Berto 🥊 E123 - The Money Mondays

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[00:06]
A
Ladies and gentlemen, welcome to a very special edition of the Money Mondays. Normally we do this podcast inside of an RV motorhome for the last 125ish episodes. But my friend is in town. He's about to host a big boxing event going on right outside of the W Hotel in Hollywood. So I'm here with Roger and Freddie Content CEO inside the studio. He I decided why don't we make a podcast real quick before Andre Berto, the legend in the boxing space, goes downstairs and hosts this big event. So, as you guys know, we cover three core topics. How to make money, how to invest money, how to give away to charity. But today we're gonna, we're gonna make some moves because we got Andre Berto in the house. So if you can, Mr. Andre Berto, give us a quick two minute bio so we get straight to the money.
[00:49]
B
Me.
[00:50]
A
Hell yeah.
[00:50]
B
Oh, yo, what's going on? It's your boy, Andre Berto. We are here in the building. A 2004 Olympian, two time boxing world champion. And I've been smacking people for a very long time. That's pretty much who I am.
[01:05]
A
You boxing from a kid?
[01:07]
B
Yes, yes, yes, man. I was a troubled kid growing up, man. You know, my parents, they were immigrant parents from Haiti, so they were working all the time. So they just gave us a lot of time to be outside and get in trouble. And for some reason somehow, you know, I was just a very aggressive kid, you know what I'm saying? Very aggressive kid. And I just didn't take any type of shit at all. So, you know, so I used to put my hands on a lot of kids growing up and, you know, it got to a point, man. Got to a point. My teachers, you know, I used to call my parents all the time like this, you gotta do something.
[01:42]
A
Did it again.
[01:43]
B
Yeah, man, you gotta do something with this kid, man. He has a lot of energy, he has a lot of shit to him. You guys need to take him somewhere progressive so he can let a lot of his energy out of my dad, you know, he was an MMA fighter, so, you know, so he trained in a lot of different, you know what I mean, spaces and disciplines and just started taking me to the boxing gym with him. And ever since then, man, just fell in love with it.
[02:06]
A
So on the make money side of the podcast.
[02:08]
B
Yes, sir.
[02:09]
A
At what point can a boxer make money? Because the first 1, 2, 3, 4, 5, 6, 7, 8 years. Kind of hard to make money, right? You're just living off of sponsor money. But boxing is Expensive. You got to get trainers and coaches and food and supplements and gym time. Like, there's a lot of money that goes into it. How do you make money?
[02:26]
B
I mean, me, myself, I was, you know, I was a little bit, you know, fortunate as a professional. I'm not going to say fortunate, because I put in a lot of work, right? You know, just coming from the amateurs, you know, I went to Olympics in 2004, so turning pro, I had a lot of. I have a. I had a lot of eyes on him. A lot of big promoters, a lot of big managers, you know, but a lot of kids, man, they. They're not as fortunate, and they want to turn pro or they want to box, just in general, you know. So, I mean, so as an amateur, I had to do, like I said, I had to work. I had to, you know, because I was mowing yards. We had car washes. We did everything we could just to get a dollar just to move around and go to these, you know, I mean, local tournaments just to be known, just to be heard.
[03:08]
A
And you didn't even have social media back then.
[03:10]
B
They didn't even have social media back then.
[03:12]
A
So you had a smartphone in 2004.
[03:13]
B
That's what I'm. I had no iPhone, you know, so I had to make a point every time I went to a tournament.
[03:19]
A
My name is Berto.
[03:20]
B
My name is Andre Berto. Y' all gonna see me when that thing. Just had to really, really, really make sure my presence was known every time. So, you know. You know, like you said, we'd have social media. So the people I had to go out there and knock out, they. Everybody else had to go out there and talk.
[03:36]
A
Right.
[03:36]
B
And that spread like wildfire, man. Smaller wifi.
[03:40]
A
So when you go from amateur to pro, do you need a manager, an agent? Can people do it on their own? What has to happen?
[03:47]
B
Yeah, people can do it on their own, you know, but you're gonna be playing a long game at that point. I mean, boxing doesn't have a union, so you really can turn pro if you want to, but most likely, you're gonna be fighting it properly, like local bars fighting for 200 bucks, you know, so it's great to find you a great, established manager, you know, who has plugs, you know, when it comes to all about big, you know, network, there's.
[04:14]
A
Only like a half a dozen main guys in boxing still, like, decades later. Bob Arum over here.
[04:19]
B
Yeah.
[04:22]
A
Oscar De La Hoya.
[04:23]
B
Like, there's main characters that are, like, main characters. You got the Barbarians, the top rank, you got golden boy, you got PBC with Al Heyman. Now you guys got guys like Eddie Hearn over at the Zone. Yeah, those are probably like the main four to five. Yeah, I mean like top guys now, but now you guys have, you know, Turkey Alishik over there in Saudi Arabia. You know, he is paying, come on over. Paying the big bread to get all the kids over, man. And, and like I said, he paid his way to get into the game and you know, he's, he got a chance just to shake it up within the last few months, within the last year. And you know, like, I mean, I mean I say right now he's the man in boxing right now. But I think he's bringing in, as you can see, my man Dana White as well. So, yeah, I mean, so I'm looking forward to see what they're gonna do.
[05:11]
A
Well, things are different now. There is social media, yes, but there is tens of thousands, hundreds of thousands, maybe a million boxers around the planet.
[05:19]
B
Yeah.
[05:20]
A
Only a certain amount of thousands that are actually good and can actually go for it. What can you do to stand out if you're actually good? I'm not saying for the bad ones, you actually have a chance, right? You're 10 and three. You got a shot at going and doing your thing. How can you stand out from all the other 10 and three boxers, man?
[05:36]
B
Just right now, just like you said, like we have social media now. You guys need to utilize it. You see a guy like Ryan Garcia.
[05:42]
A
Ryan Garcia, exactly.
[05:43]
B
You know, like I said, all of us had to go through damages, go to the Olympics and blah, blah, blah. But I mean, just try to use all these different things to be heard. But you see a guy like Ryan, he's good, but he really speak. Tracked his situation with social media. So I tell, I don't, I mean I tell all these young guys now, man, if you're good, if you're saying you're as good as you are, continue to train, fight. But you need to document everything. Document everything, Put it out there, let these people see who you are, you know, pick up that phone and make sure to talk to you haven't let these people understand your story and continue showing these guys that you're knocking everybody out of your training hard. You need to use social media. Yeah, I mean, like I said, to your benefit.
[06:23]
A
Because ultimately boxing is a show.
[06:26]
B
Of course it is.
[06:26]
A
That's why the, why the weigh ins happen. Right. That's why the fact the talking happens.
[06:30]
B
That's a fact.
[06:31]
A
That's how you sell tickets and pay per view.
[06:32]
B
Sell tickets. You have all that old school just sitting back, letting the promoter not. It's all over. Go out there, promote yourself. I mean train hard. Continue to post, continue to document. You know, I mean knock these guys out. Continue to post, continue to document. You're going to have your own, I mean a press conference in your room. You can have your own, you know, promotional. Promote yourself, train hard and go out there and make it happen. That shit's going to fly so quick.
[06:59]
A
Non money question. The mental game.
[07:01]
B
Yes.
[07:02]
A
Speaking of Ryan Garcia, both those fights seem like he lost before he walked in. Yeah, I mean he's a dear friend of mine, but it feels like he's got the skills to beat both those guys. Except, well, not all the time, but let's say out of 100 times he could beat them some of the time.
[07:16]
B
Yeah.
[07:17]
A
But in those situations he couldn't because of something was going on in his mind. Like when he went down with that kidney shot, it looked like.
[07:24]
B
Yeah.
[07:24]
A
At the eight clock he stood right up. Like he could actually stood up.
[07:27]
B
He could have stood up. He's like, ah, I don't know, I don't know if I want to borders, you know what I mean? You know, there's one thing about it, man, this fight game is so mental. It's so mental. That's one great thing about this event tonight that I'm going to about a mental health aspect of boxing. Because you have some of the highest highs in life and you have some of your lowest lows, you know, when it comes to this fight game. Just like you said about me, like Ryan Garcia, you know, he just went, he just had another loss. So, you know, I mean, I'm going to be looking forward to see how he's going to come back mentally now, you know, physically. He has the skills for sure. A lot of guys, A lot of guys. I mean I even went through it myself after my first loss. Of course I still had the skill, but mentally, do I still have the confidence to walk in that, do it again? I've seen it happen over and over and over again to a lot of the greatest fighters.
[08:18]
A
Look at Ronda Rousey.
[08:19]
B
Ronda Rousey, you know, know. Yeah, I mean Mike Tyson went through it as well.
[08:23]
A
So she was 11 to 1 favorite against Holly Holm. Y people forgot Holly Holm was like a seven time boxing champion.
[08:29]
B
And that's a fact. That's a fact, man.
[08:31]
A
When she lost that fight, that was it for Holly. Sorry. That was it for Ronda and that was it.
[08:36]
B
And I mean, movie star after that. And just walking into the next fight, I could literally see it on her face. She was trying to blind it out and try to walk in there, focus. But like I said, I went through it myself, so I got a chance to really see her demeanor coming into that ring. And I was like, oh, shit, man, it's gonna happen. It's like you're walking back into a nightmare. If you're not getting your mind right, it seems like you're walking back into that same nightmare that ruined your life the last time. So it's definitely a must.
[09:03]
A
Get out of there.
[09:03]
B
You just want to get out of there. You know what I mean? So it's a. It's a wild ride.
[09:08]
A
Can anybody beat Devin Haney right now?
[09:10]
B
Oh, yeah. I mean, as you can see, like, even. I mean, last fight with Devin Haney, you know, he went through a situation. Ryan, he lost to Ryan. Very embarrassing time. You know, he got a chance to see how he was on top of the world. He got embarrassed by Ryan Garcia in front of the world. He had to sit out for a year to deal with that in his house alone. Now all these people that praised you, now they're talking all the shit, talking to you crazy and saying you're a bum and making memes and all that social media just made it worse, you know what I mean? Memes everywhere. And like I said, just me just being a fighter now for, like, 20, 21 years, I wanted to see how he was going to come back, you know, mentally. I mean, it didn't matter to me how hard he trained, the pictures that he took, looking like he was in shape. I wanted to see how he was going to react once he walked back into that same squirrel circle where he got embarrassed last time. And, you know, he showed up, but a lot of people said, okay. You know, he fought. The fight was boring. It looked like he had, like, some type of ptsd. He was fighting very, you know, I mean, like, very skittish, you know, I think he just wanted just to get that under his belt and, you know, I mean, just to come back for a win and process it and. And, you know, just move on. So we're going to see how he's going to continue to move forward. So it's a tough game.
[10:34]
A
So we got a big fight coming up with Canelo and Crawford.
[10:38]
B
Yes, sir.
[10:39]
A
Really big. What are your thoughts, man?
[10:45]
B
Man, it's tough. It's a tough one because Terence Crawford, I mean. I mean, I love both guys. But Terence Crawford is doing something very extreme. And I don't think people realize how tough that is to jump up two to three weight classes to fight a guy, you know, he's daring to be great. It's a lot of money on the line. So of course that, you know, I mean, to add it, yeah, we to the fire on why he wanted to do it. But I mean, it'll be great. It'll be amazing if he's able to go in there and have the skills that he needs to beat Canelo, which everybody believes that he does. But like I said, Canelo fights in 168. He's been there for the last, I don't know, I mean, four or five to six years. He, he's nice, he's settled, he's strong at that weight class. And I think it's going to be a complete different feel than what Terrence is used to. Now we have to wait and see. Once he gets hit with one of those shots by Canelo, how his body's going to react. That's going to be the question. That's going to be the main thing. If he's able to withstand it, okay, we got us a fight. If he's not, it's going to look ugly, Right?
[12:01]
A
So also on the make money side, there is one in particular character that helped make boxing famous again that has a ton of drama, shit talking all the time, but he's brought in hundreds of millions of views.
[12:18]
B
Yes, sir.
[12:19]
A
Sold out arenas and stadiums.
[12:20]
B
Yes sir.
[12:21]
A
Sold out pay per views and broke records. Like, what are your thoughts on Jake Paul and the concept of influencers coming into boxing?
[12:28]
B
Jake Paul, my guy, you know, good friends with Jake. I think it's great for the sport, man. I think it's great for the sport. It's definitely, you know, like I said, it's definitely put a lot more eyes on the sport, you know, when it comes to just like casual fans and a lot of people that didn't, that wasn't really into boxing, especially the younger demographic. Of course you like younger demographics. But one thing I do respect about Jake is, is he's taking it serious, right?
[12:55]
A
He's really training.
[12:56]
B
He's really training. He really put a real team around him. He's going through real training camps. I know a lot of people in the team. You know, he's hired the best of the best within boxing to train him and work with him, you know, I mean, just like all the way across the board. So that's one thing do I love about Drake you know, but like I said, this is a tough game. This is a game that you really have to put in a lot of years to really try to, you know, I'm gonna try your best to try to master it. I know he's trying to fast track it, sure. But, you know, but with this, I don't think you can really fast track, you know, I mean, he's doing a great job. Yeah, I said marketing himself and fighting the type of guys he's fighting to continue to build that, you know, I mean, that interest for him as well. And he's generating a shitload of money. But when he really gets in there with some real fighters, you know, we may see a big difference. I mean, the only, you know, real boxer that he fought was. Was Tommy Fury.
[13:54]
A
Yeah.
[13:55]
B
And.
[13:56]
A
And neither one of them really did anything that fight.
[13:58]
B
Exactly. And you know, like, to be honest, you know, when it comes to the boxing, you know, fraternity, we don't really, really see Tommy as a real boxer, but he does have, you know, he has skills and he beat Jake, you know, so, you know, so we're going to see, man, I think, like I say, just overall, I think it's great for the sport.
[14:16]
A
Drake's fighting on the 28th against.
[14:17]
B
Yeah, yeah, yeah, he's fighting against him. He's fighting against, what's it, Chavez Jr. Which he's another guy that us within the fighting community, you know, we don't respect.
[14:28]
A
What does Jake need to fight Canelo? But that shouldn't happen, right?
[14:33]
B
Yeah, I mean, I mean, I heard it was going to happen, though. Did you hear about that?
[14:37]
A
Yeah, I heard about it, but I can't see how.
[14:39]
B
I mean, he's bringing the money. He bringing the money. You bringing the money. That's I was on talking about. Even me, I was caught off guard with it, man. They almost really made the fight happen like this. Like the papers were signed.
[14:53]
A
Okay. If that fight happens, I mean. And what again, I love Jake, but on what pen does he beat Canelo?
[15:01]
B
No, that ain't happen. That a happen? No, not at all.
[15:04]
A
No.
[15:04]
B
Ever. Ever. You know, Jake's my guy, but for sure.
[15:08]
A
Of course.
[15:09]
B
But that's not happening. That's not happening.
[15:11]
A
Whoa. I have a question. Four years from now and he does 20 more fights, can he fight Canelo or does that not matter because Canelo's done it for 20 years. 30 years.
[15:20]
B
Yeah, I mean, I mean, I think, I think, you know, like I said, I've been a Brown, you know, I mean, a boxer for a very long Time you can see. You can see if somebody has the stuff to compete on that type of level. But at the same time, like I said, he's still growing in the sport, maybe four or five years. His skills may advance in a way that, I mean, we can sit back and say, okay, you know, maybe, but right now, nah.
[15:47]
A
So you were the last one to ever actually professionally fight with Floyd Mayweather.
[15:51]
B
Yep.
[15:52]
A
Flight number 50. Mm. Logan went in there and that's a humongous size difference. Huge, humongous size difference. Logan's a big boy. Do you think that Mayweather ever actually fights Jake?
[16:04]
B
Yeah, he could. I mean, at this point, at this point in the game, Jake has came in, Jake has shown people that he can generate a lot of money. So at that point, I mean, I believe he can fight anybody. Yeah, I mean, doesn't. I mean, it doesn't matter if. If the true hardcore, you know, boxing fans might respect it. But. But it's entertainment, especially right now. It's entertainment. They got a chance to show you that, you know, with the whole. Mike Tyson.
[16:32]
A
Mike Tyson, you know what I'm saying?
[16:34]
B
I mean, everybody started crazy. It's. But I was at that fight, that fucking stadium was packed, you know what I'm saying?
[16:42]
A
Right?
[16:42]
B
Yeah. They had like 6 billion views on, you know, I mean, on Netflix. So it doesn't matter at this point. A lot of this shit now in boxing is entertainment, so he's able to do whatever he wants.
[16:51]
A
All right, so we talked a lot about boxers making money, fame, et cetera. Now, let's say you've made the money, right? You fight Floyd Mayweather. It's time to retire. There's a lot of options you could do, you know, hosting on boxing shows, you build gyms, you can build supplement companies. How do you take the next chapter once you've retired from the sport?
[17:11]
B
You know, it's one thing about it, man, I think it's. I mean, it's extremely hard, you know, I mean, just me just being in the space and just me just really, you know, kind of stepping away to just focus more on business and just. Even for somebody like myself, that. That I've always had a great network of huge. You know what I mean? Just. I'm just somebody for everybody. To a point. I sat and Master Miles. I've learned so much about just overall, just business, but it's still a transition that can be pretty tough.
[17:43]
A
Like when you're at the events, what percentage of you wants to jump in the ring all the time?
[17:48]
B
All the time. And you know, I mean, it got to a point, I kind of got tired of a little bit, because every time I went to every event, you know, everybody just wanted to talk to me about boxing.
[17:57]
A
Right, because you still look fresh, you still look like you're ready to go.
[18:00]
B
Exactly. You know, I mean, but it gets to a point. It gets to a point that, okay, cool, you know, I need to just have one win outside of the ring, I mean, business wise, so I can start having some different conversations. And that's what. And that's what I've been at, you know, for some time. And I had a great, you know, conversation with my boy Shaq. You know, he said the same thing. He's like, man, you know what? I hate when people talk to me about basketball. I want people to respect me for my business sense. Now when you come to speak to me, yeah, I did that shit way back then. But talk about all the companies I own, talk about this, talk about this. I want to be able to have those different type of conversations. I think that's a different type of source of respect. I already have all the belts on the wall. I already have all the titles. Not too many people can make that transition and jump in and be respected.
[18:50]
A
So most times when people retire from any sport or retire from acting or retiring from anything, they kind of fade away into oblivion. Right?
[18:59]
B
That's a fact.
[19:00]
A
How do you stay so relevant? How do you stay out there?
[19:04]
B
You know, for me, man, I think, you know, I've always been, you know, I love media, you know, just like you say, yeah, I love media. I have a great yami network of great friends that are heavy in a lot of different, you know, I mean, spaces. I was never one of those guys that, that. That only thought of himself as a fighter. I'm a boxer. You don't need to talk to me. You're not talking about boxing or training or coming to a fight. You know, I mean, I was always one of those guys, like, okay, cool. You know, I mean, I want to dive into this. I want to talk about this. I want to. I want to jump in this business. I want people to see me and see all the different, you know, I mean, all the different, you know, sizes and layers of me in all different aspects. So I think it's really been the main thing that's really kind of been keeping me, you know, relevant this long and being able to continue to speak. Because a lot of these fighters, a lot of these athletes, period, they think that we're just dumb brutes and we don't know shit, you know, outside of the sport, a lot of these guys don't talk. They don't get around. I mean. I mean, they don't get on social media and actually talk and let people, you know, let people in, know who they are, you know, like I say, just people. I think that's a big flaw, but it's always been one of my big, big benefits.
[20:17]
A
Yeah. The professional speaker athletes are the wealthiest in the game. When you think about Magic Johnson.
[20:22]
B
Yep.
[20:22]
A
Billionaire. Shaquille O' Neal, billionaire. A rod has 19,000 apartments. Crazy, right?
[20:28]
B
Like crazy.
[20:29]
A
These are legends from sports, but they transition to becoming professional speakers and investors into companies. So when you get all these different options because you know so many people, you can invest in crypto, cryptocurrency, the stock market, private businesses, real estate. How do you pick when you're bombarded with so many different options?
[20:45]
B
Oh, man. I mean, you got to sit back and study up. You got to be able to learn again, you know, I think that's one thing too, man. A lot of, you know, a lot of great athletes, they do not feel like they should go back and be students. And I believe that you should, especially outside the game. You need to, you know, put yourself in a space to humble yourself enough to be a student again. And a lot of us don't, you know, we put a lot of work in for a lot of years. We've been respected and always been seen at a certain level. So how do you tell a guy with all this money and all of this fame and success to try to.
[21:20]
A
Humble himself in the crowd and listen?
[21:22]
B
Now we try to listen to every child listen to something else or sit down in the seat, you know, I mean, like at a mastermind and try to learn something else. You understand what I'm saying? And a lot of guys, you know, even though, you know, outside of the game, if they haven't, you know, I mean, like, made the right decisions, you know what I mean? And just knowing that they need to do something, they're not humble enough to sit back and try to be a student again and learn again. It's always been a downfall.
[21:47]
A
The video I posted a few hours ago was that I said, even though I speak at 100 events a year afterwards, I sit front row.
[21:55]
B
There you go.
[21:56]
A
Because there's Ed Mylett.
[21:58]
B
There you go. There you go.
[21:59]
A
I want to learn from them.
[22:00]
B
There you go.
[22:01]
A
Like, even though I book these guys, I'm friends with these guys, I sit front row and listen to them because I Can then help the people that are coming to my mastermind.
[22:08]
B
That's a fact.
[22:08]
A
Coaching with me. I'm learning from them. I want to know things in real time. I'm listening. I'm studying all the time.
[22:13]
B
That's a fact. I mean. I mean, just like you. Like you. I mean, like I said, like you've seen in real time with me. I'm sitting at these mastermind. I'll be there by myself, right. And people around me, they're taking pictures, they want to sign out. I'm like, all right, cool. Thanks. Let me sit down. You know what I'm saying? I think, I think. I think that's the great thing, you know, about me is the fact that I've always want to learn. I've always been a sponge. I've always been sponge. And. And like I say, that transition, I want to be a. I'm like a strong example of that transition.
[22:43]
A
Right. I wish more athletes were doing this.
[22:45]
B
Yeah, yeah, for sure, man. But like I said, you know, I don't see it. I understand. Want to save these clips for later on when I make a billion and, you know, me sitting with Dan and they talking about this.
[22:56]
A
So on the charity side.
[22:57]
B
Yep.
[22:57]
A
Why do you think it's important that athletes have some type of charity component for their communities or for their life?
[23:05]
B
You know, I really think, you know, when it comes down to it and, you know, like, the whole sports aspect and the fact that you've been chosen, you've been blessed to be part of this small percentage of people, the small percentage of people to compete at such a high level and to be, you know, looked at and admired at such a high level. Me, myself, I don't believe that all of that is just for you. I believe that you've been. You've been. You've been exalted to a point to give and spread to everybody else as well. You know, I mean, I think. I think. I think you need to be able to find something that's a little bit, you know, I mean, I. Greater than yourself to really motivate you and to put those good. You know, I mean, juju's out to the world as well. God has blessed you to be. I mean, at a really. I mean, at an amazing point in your life. You should always give. You should always guess where. I've always looked at it.
[24:11]
A
So there's one question that I ask on every single episode and I've never gotten the same answer before.
[24:16]
B
What's that?
[24:17]
A
Andre Berto. You end up making a billion Dollars, Billy, on that next company, supplement company, a chain of gyms. All these investments start to happen. Billion dollars. But unfortunately, at some point you pass away, what percentage of the billion dollars do you leave to those three kids?
[24:39]
B
Ain't gonna leave nothing too hard. I know. That's what I'm saying. See, a lot of.
[24:44]
A
I'm rich.
[24:44]
B
Yeah, I'm rich. They ain't not rich. They got to work for it. I don't know.
[24:49]
A
Degrees to get money from these.
[24:50]
B
Yeah, man. I mean, I don't know, man. I don't think I've. I got to that point yet. I mean, I understand what everybody's saying. You know, I've heard zero.
[25:01]
A
I've heard 100%.
[25:02]
B
Yeah, yeah, yeah. You know, I'm not sure yet. I'm not sure. I. I have to. I have to still, you know, we look at that question because, you know, like, on one hand, I want my kids to work for everything that they get it, you know? But then again, I want to be able to leave, like they said, like in the Bible. Like I said, a good man leaves an inheritance to his children's children. I want to be able to leave them something. So. So with that being said, I may leave a. A good portion, say 50 or maybe 60%, but I'm going to put together such extensive. And a crazy trust. Oh, yeah, you. I mean, trust in place with requirements to be able to unlock this, and if you're able to do it, is yours. You know what I'm saying? I want to put them through the gauntlet, you know what I'm saying? So by the time they get this thing, man, they're just going to be transformed to completely different people. And once they get it, they'll know what to do it.
[25:58]
A
All right, we know you got to get to work. You got to host this mental health event for Boston downstairs. Where can people find you across social media.
[26:04]
B
Across social media. My name Dreberto. Everywhere on Instagram, on Twitter, on. On, you know, spaces, Tick Tock. Everything at Andre Berto, man, y' all holla at me. We got a lot going on. I'm excited. Yeah. It's Money Monday.
[26:21]
A
All right, guys, as you know, this podcast is designed for you to have real discussions with your friends, family, and followers about money. We grew up thinking it's rude to talk about money, but I believe it's really the true reason that there's so much stress and anxiety and problems and credit card debt that's happening in our society is because we can't have open discussion about money. If you think about being rude, we have to have discussions. And so when you're out there with your friends, family, followers, talk to them about leases and payments and salaries and cars, saving money, have real life discussions because it's part of your real life. There's nothing rude about it. We need to change the entire sentiment in our country and in our planet so that people can be educated about money. That's super important. So as you guys know, follow Andre Berto across social media. Check us out on the moneymondays.com and we'll see you guys next week. Monday.

Summary6 min read

The Money Mondays Podcast Summary: Episode E123 Featuring Andre Berto

Release Date: May 26, 2025

Introduction

In a special edition of "The Money Mondays," host Dan Fleyshman steps out of the usual RV motorhome setting to join Andre Berto, a renowned figure in the boxing world, from a studio near the W Hotel in Hollywood. This episode delves deep into Berto's journey from a challenging upbringing to becoming a two-time boxing world champion, alongside discussions on making money, investing, and philanthropy.

Andre Berto's Background and Boxing Career

[00:50]
Andre Berto opens the conversation with a succinct biography, highlighting his achievements and the roots of his boxing career.

"I am a 2004 Olympian, two-time boxing world champion. I've been smacking people for a very long time." – Andre Berto [00:50]

He shares insights into his tumultuous youth, influenced by his Haitian immigrant parents who, due to their demanding work schedules, left him and his siblings with ample time outdoors—time that often led to trouble. His natural aggression became a challenge until his father, an MMA fighter, introduced him to boxing as an outlet.

"My parents gave us a lot of time to be outside and get in trouble. I was just a very aggressive kid." – Andre Berto [01:43]

Making Money as a Boxer

Transitioning into the financial aspects of boxing, Berto discusses the economic challenges faced by amateur boxers. Unlike professionals, amateurs often juggle multiple jobs to fund their training and participation in local tournaments.

[02:08]

"As an amateur, I had to mow yards, do car washes, just to get a dollar to move around and go to these local tournaments." – Andre Berto [03:08]

He emphasizes that while his journey to professionalism was somewhat fortified by his Olympic exposure and connections with prominent promoters and managers, many aspiring boxers lack such advantages. The financial strain of training—covering trainers, coaches, nutrition, and gym time—necessitates a robust support system or personal hustle.

Transitioning from Amateur to Pro

Berto elaborates on the critical role that managers and agents play in a boxer's professional ascent. While it's feasible to go pro independently, having an established manager with industry connections vastly improves a boxer's chances of securing lucrative fights and sponsorships.

[04:14]

"Boxing doesn't have a union, so you really can turn pro if you want to, but most likely, you're fighting in local bars for 200 bucks." – Andre Berto [04:14]

He mentions key figures in boxing promotion, such as Bob Arum and Oscar De La Hoya, and discusses the rise of new promoters like Turkey Alisherov, who are reshaping the industry's landscape.

Leveraging Social Media in Boxing

The advent of social media has revolutionized how boxers promote themselves. Berto advises young fighters to harness these platforms to build their personal brands, engage with fans, and attract sponsorships.

[05:35]

"With social media, you need to document everything. Let people see who you are. Pick up that phone and make sure you talk to them about your story." – Andre Berto [05:42]

He cites Ryan Garcia as a prime example of a boxer who effectively uses social media to amplify his presence, blending athletic prowess with personal storytelling to captivate a global audience.

The Mental Game of Boxing

Boxing is as much a mental sport as it is physical. Berto delves into the psychological challenges fighters face, using examples like Ryan Garcia and Ronda Rousey to illustrate how mental resilience—or the lack thereof—can significantly impact performance.

[07:23]

"The fight game is so mental. After my first loss, I questioned my confidence to walk in the ring again." – Andre Berto [07:23]

He shares personal anecdotes about overcoming setbacks and underscores the necessity of maintaining mental fortitude to persevere through defeats and continue striving for success.

Upcoming Fights: Canelo vs. Crawford

Berto provides his take on the highly anticipated matchup between Canelo Alvarez and Terence Crawford, analyzing the strategic challenges Crawford faces when moving up weight classes to contend with a seasoned champion like Canelo.

[10:45]

"Canelo fights at 168 and is very settled in that weight class. If Crawford can't withstand Canelo's power, the fight could look ugly." – Andre Berto [10:45]

He highlights the importance of adaptability and physical conditioning, questioning whether Crawford can maintain his performance against Canelo's established prowess.

Influence of Influencers in Boxing: The Case of Jake Paul

The integration of influencers like Jake Paul into boxing has sparked both interest and debate. Berto views Jake Paul's involvement as beneficial for the sport's visibility and revenue, especially among younger demographics.

[12:27]

"Jake Paul is a great addition to boxing. He's bringing in a lot of eyes and a younger demographic. He's serious about training and building his career." – Andre Berto [12:27]

However, he expresses skepticism about Paul’s ability to compete against elite boxers like Canelo, emphasizing that while Paul generates significant interest and financial influx, the competitive edge remains uncertain.

Transitioning After a Boxing Career

Discussing life after boxing, Berto acknowledges the difficulty athletes face when retiring from the sport. He stresses the importance of building business ventures and cultivating a diverse professional identity to ensure continued relevance and financial stability.

[17:43]

"It's extremely hard to transition. Even with a great business network, stepping away from the ring to focus on new ventures is tough." – Andre Berto [17:43]

He shares his own experiences of shifting focus from the ring to business endeavors, highlighting the supportive role of a strong network and continuous learning.

Staying Relevant Post-Retirement

Maintaining public presence post-retirement involves active engagement with media and ongoing personal development. Berto emphasizes his commitment to media interactions and expanding his business interests as strategies to stay relevant.

[19:04]

"I've always loved media and building a network across different fields. I don't see myself just as a fighter, but as a multi-faceted individual." – Andre Berto [19:04]

He contrasts this approach with many athletes who fade from the spotlight after retirement, advocating for a proactive stance in personal branding and business expansion.

Importance of Charity in Athletes' Lives

Berto underscores the moral responsibility of successful athletes to give back to their communities. He views philanthropy as a way to utilize their platforms for broader societal impact and personal fulfillment.

[23:05]

"Athletes are blessed to be admired and should use their platforms to give back and spread positivity." – Andre Berto [23:05]

He believes that charitable efforts not only benefit communities but also provide athletes with a sense of purpose beyond their sports careers.

Financial Legacy and Inheritance

In a candid discussion about his financial legacy, Berto considers how he plans to structure his inheritance to ensure his children are both supported and motivated to achieve their own success.

[24:16]

"I might leave 50-60% through an extensive trust with requirements, ensuring my kids work for what they receive and grow as individuals." – Andre Berto [25:00]

He emphasizes the balance between providing financial security and encouraging personal responsibility, aiming to foster independence and continued growth in his heirs.

Conclusion: Open Discussion About Money

Wrapping up the episode, Dan Fleyshman reiterates the podcast's mission to normalize conversations about money, advocating for open dialogues to alleviate societal stress and promote financial literacy.

[26:16]

"We need to change the sentiment around money discussions to educate people and alleviate financial stress." – Dan Fleyshman [26:16]

He encourages listeners to engage in honest discussions about finances with their communities to foster a more financially informed and resilient society.

Closing Remarks

Andre Berto concludes by inviting listeners to connect with him across various social media platforms, promoting ongoing engagement and participation in his upcoming mental health event in Boston.

"Follow me on Instagram, Twitter, TikTok—everything at Andre Berto. We got a lot going on. I'm excited." – Andre Berto [26:03]

This episode of "The Money Mondays" offers a comprehensive look into the multifaceted life of Andre Berto, blending his experiences in boxing with insights on financial management, personal growth, and societal contribution. It's a valuable listen for anyone interested in the intersection of sports, finance, and philanthropy.

Loading summary

Transcript141 lines

[00:06]
A
Ladies and gentlemen, welcome to a very special edition of the Money Mondays. Normally we do this podcast inside of an RV motorhome for the last 125ish episodes. But my friend is in town. He's about to host a big boxing event going on right outside of the W Hotel in Hollywood. So I'm here with Roger and Freddie Content CEO inside the studio. He I decided why don't we make a podcast real quick before Andre Berto, the legend in the boxing space, goes downstairs and hosts this big event. So, as you guys know, we cover three core topics. How to make money, how to invest money, how to give away to charity. But today we're gonna, we're gonna make some moves because we got Andre Berto in the house. So if you can, Mr. Andre Berto, give us a quick two minute bio so we get straight to the money.
[00:49]
B
Me.
[00:50]
A
Hell yeah.
[00:50]
B
Oh, yo, what's going on? It's your boy, Andre Berto. We are here in the building. A 2004 Olympian, two time boxing world champion. And I've been smacking people for a very long time. That's pretty much who I am.
[01:05]
A
You boxing from a kid?
[01:07]
B
Yes, yes, yes, man. I was a troubled kid growing up, man. You know, my parents, they were immigrant parents from Haiti, so they were working all the time. So they just gave us a lot of time to be outside and get in trouble. And for some reason somehow, you know, I was just a very aggressive kid, you know what I'm saying? Very aggressive kid. And I just didn't take any type of shit at all. So, you know, so I used to put my hands on a lot of kids growing up and, you know, it got to a point, man. Got to a point. My teachers, you know, I used to call my parents all the time like this, you gotta do something.
[01:42]
A
Did it again.
[01:43]
B
Yeah, man, you gotta do something with this kid, man. He has a lot of energy, he has a lot of shit to him. You guys need to take him somewhere progressive so he can let a lot of his energy out of my dad, you know, he was an MMA fighter, so, you know, so he trained in a lot of different, you know what I mean, spaces and disciplines and just started taking me to the boxing gym with him. And ever since then, man, just fell in love with it.
[02:06]
A
So on the make money side of the podcast.
[02:08]
B
Yes, sir.
[02:09]
A
At what point can a boxer make money? Because the first 1, 2, 3, 4, 5, 6, 7, 8 years. Kind of hard to make money, right? You're just living off of sponsor money. But boxing is Expensive. You got to get trainers and coaches and food and supplements and gym time. Like, there's a lot of money that goes into it. How do you make money?
[02:26]
B
I mean, me, myself, I was, you know, I was a little bit, you know, fortunate as a professional. I'm not going to say fortunate, because I put in a lot of work, right? You know, just coming from the amateurs, you know, I went to Olympics in 2004, so turning pro, I had a lot of. I have a. I had a lot of eyes on him. A lot of big promoters, a lot of big managers, you know, but a lot of kids, man, they. They're not as fortunate, and they want to turn pro or they want to box, just in general, you know. So, I mean, so as an amateur, I had to do, like I said, I had to work. I had to, you know, because I was mowing yards. We had car washes. We did everything we could just to get a dollar just to move around and go to these, you know, I mean, local tournaments just to be known, just to be heard.
[03:08]
A
And you didn't even have social media back then.
[03:10]
B
They didn't even have social media back then.
[03:12]
A
So you had a smartphone in 2004.
[03:13]
B
That's what I'm. I had no iPhone, you know, so I had to make a point every time I went to a tournament.
[03:19]
A
My name is Berto.
[03:20]
B
My name is Andre Berto. Y' all gonna see me when that thing. Just had to really, really, really make sure my presence was known every time. So, you know. You know, like you said, we'd have social media. So the people I had to go out there and knock out, they. Everybody else had to go out there and talk.
[03:36]
A
Right.
[03:36]
B
And that spread like wildfire, man. Smaller wifi.
[03:40]
A
So when you go from amateur to pro, do you need a manager, an agent? Can people do it on their own? What has to happen?
[03:47]
B
Yeah, people can do it on their own, you know, but you're gonna be playing a long game at that point. I mean, boxing doesn't have a union, so you really can turn pro if you want to, but most likely, you're gonna be fighting it properly, like local bars fighting for 200 bucks, you know, so it's great to find you a great, established manager, you know, who has plugs, you know, when it comes to all about big, you know, network, there's.
[04:14]
A
Only like a half a dozen main guys in boxing still, like, decades later. Bob Arum over here.
[04:19]
B
Yeah.
[04:22]
A
Oscar De La Hoya.
[04:23]
B
Like, there's main characters that are, like, main characters. You got the Barbarians, the top rank, you got golden boy, you got PBC with Al Heyman. Now you guys got guys like Eddie Hearn over at the Zone. Yeah, those are probably like the main four to five. Yeah, I mean like top guys now, but now you guys have, you know, Turkey Alishik over there in Saudi Arabia. You know, he is paying, come on over. Paying the big bread to get all the kids over, man. And, and like I said, he paid his way to get into the game and you know, he's, he got a chance just to shake it up within the last few months, within the last year. And you know, like, I mean, I mean I say right now he's the man in boxing right now. But I think he's bringing in, as you can see, my man Dana White as well. So, yeah, I mean, so I'm looking forward to see what they're gonna do.
[05:11]
A
Well, things are different now. There is social media, yes, but there is tens of thousands, hundreds of thousands, maybe a million boxers around the planet.
[05:19]
B
Yeah.
[05:20]
A
Only a certain amount of thousands that are actually good and can actually go for it. What can you do to stand out if you're actually good? I'm not saying for the bad ones, you actually have a chance, right? You're 10 and three. You got a shot at going and doing your thing. How can you stand out from all the other 10 and three boxers, man?
[05:36]
B
Just right now, just like you said, like we have social media now. You guys need to utilize it. You see a guy like Ryan Garcia.
[05:42]
A
Ryan Garcia, exactly.
[05:43]
B
You know, like I said, all of us had to go through damages, go to the Olympics and blah, blah, blah. But I mean, just try to use all these different things to be heard. But you see a guy like Ryan, he's good, but he really speak. Tracked his situation with social media. So I tell, I don't, I mean I tell all these young guys now, man, if you're good, if you're saying you're as good as you are, continue to train, fight. But you need to document everything. Document everything, Put it out there, let these people see who you are, you know, pick up that phone and make sure to talk to you haven't let these people understand your story and continue showing these guys that you're knocking everybody out of your training hard. You need to use social media. Yeah, I mean, like I said, to your benefit.
[06:23]
A
Because ultimately boxing is a show.
[06:26]
B
Of course it is.
[06:26]
A
That's why the, why the weigh ins happen. Right. That's why the fact the talking happens.
[06:30]
B
That's a fact.
[06:31]
A
That's how you sell tickets and pay per view.
[06:32]
B
Sell tickets. You have all that old school just sitting back, letting the promoter not. It's all over. Go out there, promote yourself. I mean train hard. Continue to post, continue to document. You know, I mean knock these guys out. Continue to post, continue to document. You're going to have your own, I mean a press conference in your room. You can have your own, you know, promotional. Promote yourself, train hard and go out there and make it happen. That shit's going to fly so quick.
[06:59]
A
Non money question. The mental game.
[07:01]
B
Yes.
[07:02]
A
Speaking of Ryan Garcia, both those fights seem like he lost before he walked in. Yeah, I mean he's a dear friend of mine, but it feels like he's got the skills to beat both those guys. Except, well, not all the time, but let's say out of 100 times he could beat them some of the time.
[07:16]
B
Yeah.
[07:17]
A
But in those situations he couldn't because of something was going on in his mind. Like when he went down with that kidney shot, it looked like.
[07:24]
B
Yeah.
[07:24]
A
At the eight clock he stood right up. Like he could actually stood up.
[07:27]
B
He could have stood up. He's like, ah, I don't know, I don't know if I want to borders, you know what I mean? You know, there's one thing about it, man, this fight game is so mental. It's so mental. That's one great thing about this event tonight that I'm going to about a mental health aspect of boxing. Because you have some of the highest highs in life and you have some of your lowest lows, you know, when it comes to this fight game. Just like you said about me, like Ryan Garcia, you know, he just went, he just had another loss. So, you know, I mean, I'm going to be looking forward to see how he's going to come back mentally now, you know, physically. He has the skills for sure. A lot of guys, A lot of guys. I mean I even went through it myself after my first loss. Of course I still had the skill, but mentally, do I still have the confidence to walk in that, do it again? I've seen it happen over and over and over again to a lot of the greatest fighters.
[08:18]
A
Look at Ronda Rousey.
[08:19]
B
Ronda Rousey, you know, know. Yeah, I mean Mike Tyson went through it as well.
[08:23]
A
So she was 11 to 1 favorite against Holly Holm. Y people forgot Holly Holm was like a seven time boxing champion.
[08:29]
B
And that's a fact. That's a fact, man.
[08:31]
A
When she lost that fight, that was it for Holly. Sorry. That was it for Ronda and that was it.
[08:36]
B
And I mean, movie star after that. And just walking into the next fight, I could literally see it on her face. She was trying to blind it out and try to walk in there, focus. But like I said, I went through it myself, so I got a chance to really see her demeanor coming into that ring. And I was like, oh, shit, man, it's gonna happen. It's like you're walking back into a nightmare. If you're not getting your mind right, it seems like you're walking back into that same nightmare that ruined your life the last time. So it's definitely a must.
[09:03]
A
Get out of there.
[09:03]
B
You just want to get out of there. You know what I mean? So it's a. It's a wild ride.
[09:08]
A
Can anybody beat Devin Haney right now?
[09:10]
B
Oh, yeah. I mean, as you can see, like, even. I mean, last fight with Devin Haney, you know, he went through a situation. Ryan, he lost to Ryan. Very embarrassing time. You know, he got a chance to see how he was on top of the world. He got embarrassed by Ryan Garcia in front of the world. He had to sit out for a year to deal with that in his house alone. Now all these people that praised you, now they're talking all the shit, talking to you crazy and saying you're a bum and making memes and all that social media just made it worse, you know what I mean? Memes everywhere. And like I said, just me just being a fighter now for, like, 20, 21 years, I wanted to see how he was going to come back, you know, mentally. I mean, it didn't matter to me how hard he trained, the pictures that he took, looking like he was in shape. I wanted to see how he was going to react once he walked back into that same squirrel circle where he got embarrassed last time. And, you know, he showed up, but a lot of people said, okay. You know, he fought. The fight was boring. It looked like he had, like, some type of ptsd. He was fighting very, you know, I mean, like, very skittish, you know, I think he just wanted just to get that under his belt and, you know, I mean, just to come back for a win and process it and. And, you know, just move on. So we're going to see how he's going to continue to move forward. So it's a tough game.
[10:34]
A
So we got a big fight coming up with Canelo and Crawford.
[10:38]
B
Yes, sir.
[10:39]
A
Really big. What are your thoughts, man?
[10:45]
B
Man, it's tough. It's a tough one because Terence Crawford, I mean. I mean, I love both guys. But Terence Crawford is doing something very extreme. And I don't think people realize how tough that is to jump up two to three weight classes to fight a guy, you know, he's daring to be great. It's a lot of money on the line. So of course that, you know, I mean, to add it, yeah, we to the fire on why he wanted to do it. But I mean, it'll be great. It'll be amazing if he's able to go in there and have the skills that he needs to beat Canelo, which everybody believes that he does. But like I said, Canelo fights in 168. He's been there for the last, I don't know, I mean, four or five to six years. He, he's nice, he's settled, he's strong at that weight class. And I think it's going to be a complete different feel than what Terrence is used to. Now we have to wait and see. Once he gets hit with one of those shots by Canelo, how his body's going to react. That's going to be the question. That's going to be the main thing. If he's able to withstand it, okay, we got us a fight. If he's not, it's going to look ugly, Right?
[12:01]
A
So also on the make money side, there is one in particular character that helped make boxing famous again that has a ton of drama, shit talking all the time, but he's brought in hundreds of millions of views.
[12:18]
B
Yes, sir.
[12:19]
A
Sold out arenas and stadiums.
[12:20]
B
Yes sir.
[12:21]
A
Sold out pay per views and broke records. Like, what are your thoughts on Jake Paul and the concept of influencers coming into boxing?
[12:28]
B
Jake Paul, my guy, you know, good friends with Jake. I think it's great for the sport, man. I think it's great for the sport. It's definitely, you know, like I said, it's definitely put a lot more eyes on the sport, you know, when it comes to just like casual fans and a lot of people that didn't, that wasn't really into boxing, especially the younger demographic. Of course you like younger demographics. But one thing I do respect about Jake is, is he's taking it serious, right?
[12:55]
A
He's really training.
[12:56]
B
He's really training. He really put a real team around him. He's going through real training camps. I know a lot of people in the team. You know, he's hired the best of the best within boxing to train him and work with him, you know, I mean, just like all the way across the board. So that's one thing do I love about Drake you know, but like I said, this is a tough game. This is a game that you really have to put in a lot of years to really try to, you know, I'm gonna try your best to try to master it. I know he's trying to fast track it, sure. But, you know, but with this, I don't think you can really fast track, you know, I mean, he's doing a great job. Yeah, I said marketing himself and fighting the type of guys he's fighting to continue to build that, you know, I mean, that interest for him as well. And he's generating a shitload of money. But when he really gets in there with some real fighters, you know, we may see a big difference. I mean, the only, you know, real boxer that he fought was. Was Tommy Fury.
[13:54]
A
Yeah.
[13:55]
B
And.
[13:56]
A
And neither one of them really did anything that fight.
[13:58]
B
Exactly. And you know, like, to be honest, you know, when it comes to the boxing, you know, fraternity, we don't really, really see Tommy as a real boxer, but he does have, you know, he has skills and he beat Jake, you know, so, you know, so we're going to see, man, I think, like I say, just overall, I think it's great for the sport.
[14:16]
A
Drake's fighting on the 28th against.
[14:17]
B
Yeah, yeah, yeah, he's fighting against him. He's fighting against, what's it, Chavez Jr. Which he's another guy that us within the fighting community, you know, we don't respect.
[14:28]
A
What does Jake need to fight Canelo? But that shouldn't happen, right?
[14:33]
B
Yeah, I mean, I mean, I heard it was going to happen, though. Did you hear about that?
[14:37]
A
Yeah, I heard about it, but I can't see how.
[14:39]
B
I mean, he's bringing the money. He bringing the money. You bringing the money. That's I was on talking about. Even me, I was caught off guard with it, man. They almost really made the fight happen like this. Like the papers were signed.
[14:53]
A
Okay. If that fight happens, I mean. And what again, I love Jake, but on what pen does he beat Canelo?
[15:01]
B
No, that ain't happen. That a happen? No, not at all.
[15:04]
A
No.
[15:04]
B
Ever. Ever. You know, Jake's my guy, but for sure.
[15:08]
A
Of course.
[15:09]
B
But that's not happening. That's not happening.
[15:11]
A
Whoa. I have a question. Four years from now and he does 20 more fights, can he fight Canelo or does that not matter because Canelo's done it for 20 years. 30 years.
[15:20]
B
Yeah, I mean, I mean, I think, I think, you know, like I said, I've been a Brown, you know, I mean, a boxer for a very long Time you can see. You can see if somebody has the stuff to compete on that type of level. But at the same time, like I said, he's still growing in the sport, maybe four or five years. His skills may advance in a way that, I mean, we can sit back and say, okay, you know, maybe, but right now, nah.
[15:47]
A
So you were the last one to ever actually professionally fight with Floyd Mayweather.
[15:51]
B
Yep.
[15:52]
A
Flight number 50. Mm. Logan went in there and that's a humongous size difference. Huge, humongous size difference. Logan's a big boy. Do you think that Mayweather ever actually fights Jake?
[16:04]
B
Yeah, he could. I mean, at this point, at this point in the game, Jake has came in, Jake has shown people that he can generate a lot of money. So at that point, I mean, I believe he can fight anybody. Yeah, I mean, doesn't. I mean, it doesn't matter if. If the true hardcore, you know, boxing fans might respect it. But. But it's entertainment, especially right now. It's entertainment. They got a chance to show you that, you know, with the whole. Mike Tyson.
[16:32]
A
Mike Tyson, you know what I'm saying?
[16:34]
B
I mean, everybody started crazy. It's. But I was at that fight, that fucking stadium was packed, you know what I'm saying?
[16:42]
A
Right?
[16:42]
B
Yeah. They had like 6 billion views on, you know, I mean, on Netflix. So it doesn't matter at this point. A lot of this shit now in boxing is entertainment, so he's able to do whatever he wants.
[16:51]
A
All right, so we talked a lot about boxers making money, fame, et cetera. Now, let's say you've made the money, right? You fight Floyd Mayweather. It's time to retire. There's a lot of options you could do, you know, hosting on boxing shows, you build gyms, you can build supplement companies. How do you take the next chapter once you've retired from the sport?
[17:11]
B
You know, it's one thing about it, man, I think it's. I mean, it's extremely hard, you know, I mean, just me just being in the space and just me just really, you know, kind of stepping away to just focus more on business and just. Even for somebody like myself, that. That I've always had a great network of huge. You know what I mean? Just. I'm just somebody for everybody. To a point. I sat and Master Miles. I've learned so much about just overall, just business, but it's still a transition that can be pretty tough.
[17:43]
A
Like when you're at the events, what percentage of you wants to jump in the ring all the time?
[17:48]
B
All the time. And you know, I mean, it got to a point, I kind of got tired of a little bit, because every time I went to every event, you know, everybody just wanted to talk to me about boxing.
[17:57]
A
Right, because you still look fresh, you still look like you're ready to go.
[18:00]
B
Exactly. You know, I mean, but it gets to a point. It gets to a point that, okay, cool, you know, I need to just have one win outside of the ring, I mean, business wise, so I can start having some different conversations. And that's what. And that's what I've been at, you know, for some time. And I had a great, you know, conversation with my boy Shaq. You know, he said the same thing. He's like, man, you know what? I hate when people talk to me about basketball. I want people to respect me for my business sense. Now when you come to speak to me, yeah, I did that shit way back then. But talk about all the companies I own, talk about this, talk about this. I want to be able to have those different type of conversations. I think that's a different type of source of respect. I already have all the belts on the wall. I already have all the titles. Not too many people can make that transition and jump in and be respected.
[18:50]
A
So most times when people retire from any sport or retire from acting or retiring from anything, they kind of fade away into oblivion. Right?
[18:59]
B
That's a fact.
[19:00]
A
How do you stay so relevant? How do you stay out there?
[19:04]
B
You know, for me, man, I think, you know, I've always been, you know, I love media, you know, just like you say, yeah, I love media. I have a great yami network of great friends that are heavy in a lot of different, you know, I mean, spaces. I was never one of those guys that, that. That only thought of himself as a fighter. I'm a boxer. You don't need to talk to me. You're not talking about boxing or training or coming to a fight. You know, I mean, I was always one of those guys, like, okay, cool. You know, I mean, I want to dive into this. I want to talk about this. I want to. I want to jump in this business. I want people to see me and see all the different, you know, I mean, all the different, you know, sizes and layers of me in all different aspects. So I think it's really been the main thing that's really kind of been keeping me, you know, relevant this long and being able to continue to speak. Because a lot of these fighters, a lot of these athletes, period, they think that we're just dumb brutes and we don't know shit, you know, outside of the sport, a lot of these guys don't talk. They don't get around. I mean. I mean, they don't get on social media and actually talk and let people, you know, let people in, know who they are, you know, like I say, just people. I think that's a big flaw, but it's always been one of my big, big benefits.
[20:17]
A
Yeah. The professional speaker athletes are the wealthiest in the game. When you think about Magic Johnson.
[20:22]
B
Yep.
[20:22]
A
Billionaire. Shaquille O' Neal, billionaire. A rod has 19,000 apartments. Crazy, right?
[20:28]
B
Like crazy.
[20:29]
A
These are legends from sports, but they transition to becoming professional speakers and investors into companies. So when you get all these different options because you know so many people, you can invest in crypto, cryptocurrency, the stock market, private businesses, real estate. How do you pick when you're bombarded with so many different options?
[20:45]
B
Oh, man. I mean, you got to sit back and study up. You got to be able to learn again, you know, I think that's one thing too, man. A lot of, you know, a lot of great athletes, they do not feel like they should go back and be students. And I believe that you should, especially outside the game. You need to, you know, put yourself in a space to humble yourself enough to be a student again. And a lot of us don't, you know, we put a lot of work in for a lot of years. We've been respected and always been seen at a certain level. So how do you tell a guy with all this money and all of this fame and success to try to.
[21:20]
A
Humble himself in the crowd and listen?
[21:22]
B
Now we try to listen to every child listen to something else or sit down in the seat, you know, I mean, like at a mastermind and try to learn something else. You understand what I'm saying? And a lot of guys, you know, even though, you know, outside of the game, if they haven't, you know, I mean, like, made the right decisions, you know what I mean? And just knowing that they need to do something, they're not humble enough to sit back and try to be a student again and learn again. It's always been a downfall.
[21:47]
A
The video I posted a few hours ago was that I said, even though I speak at 100 events a year afterwards, I sit front row.
[21:55]
B
There you go.
[21:56]
A
Because there's Ed Mylett.
[21:58]
B
There you go. There you go.
[21:59]
A
I want to learn from them.
[22:00]
B
There you go.
[22:01]
A
Like, even though I book these guys, I'm friends with these guys, I sit front row and listen to them because I Can then help the people that are coming to my mastermind.
[22:08]
B
That's a fact.
[22:08]
A
Coaching with me. I'm learning from them. I want to know things in real time. I'm listening. I'm studying all the time.
[22:13]
B
That's a fact. I mean. I mean, just like you. Like you. I mean, like I said, like you've seen in real time with me. I'm sitting at these mastermind. I'll be there by myself, right. And people around me, they're taking pictures, they want to sign out. I'm like, all right, cool. Thanks. Let me sit down. You know what I'm saying? I think, I think. I think that's the great thing, you know, about me is the fact that I've always want to learn. I've always been a sponge. I've always been sponge. And. And like I say, that transition, I want to be a. I'm like a strong example of that transition.
[22:43]
A
Right. I wish more athletes were doing this.
[22:45]
B
Yeah, yeah, for sure, man. But like I said, you know, I don't see it. I understand. Want to save these clips for later on when I make a billion and, you know, me sitting with Dan and they talking about this.
[22:56]
A
So on the charity side.
[22:57]
B
Yep.
[22:57]
A
Why do you think it's important that athletes have some type of charity component for their communities or for their life?
[23:05]
B
You know, I really think, you know, when it comes down to it and, you know, like, the whole sports aspect and the fact that you've been chosen, you've been blessed to be part of this small percentage of people, the small percentage of people to compete at such a high level and to be, you know, looked at and admired at such a high level. Me, myself, I don't believe that all of that is just for you. I believe that you've been. You've been. You've been exalted to a point to give and spread to everybody else as well. You know, I mean, I think. I think. I think you need to be able to find something that's a little bit, you know, I mean, I. Greater than yourself to really motivate you and to put those good. You know, I mean, juju's out to the world as well. God has blessed you to be. I mean, at a really. I mean, at an amazing point in your life. You should always give. You should always guess where. I've always looked at it.
[24:11]
A
So there's one question that I ask on every single episode and I've never gotten the same answer before.
[24:16]
B
What's that?
[24:17]
A
Andre Berto. You end up making a billion Dollars, Billy, on that next company, supplement company, a chain of gyms. All these investments start to happen. Billion dollars. But unfortunately, at some point you pass away, what percentage of the billion dollars do you leave to those three kids?
[24:39]
B
Ain't gonna leave nothing too hard. I know. That's what I'm saying. See, a lot of.
[24:44]
A
I'm rich.
[24:44]
B
Yeah, I'm rich. They ain't not rich. They got to work for it. I don't know.
[24:49]
A
Degrees to get money from these.
[24:50]
B
Yeah, man. I mean, I don't know, man. I don't think I've. I got to that point yet. I mean, I understand what everybody's saying. You know, I've heard zero.
[25:01]
A
I've heard 100%.
[25:02]
B
Yeah, yeah, yeah. You know, I'm not sure yet. I'm not sure. I. I have to. I have to still, you know, we look at that question because, you know, like, on one hand, I want my kids to work for everything that they get it, you know? But then again, I want to be able to leave, like they said, like in the Bible. Like I said, a good man leaves an inheritance to his children's children. I want to be able to leave them something. So. So with that being said, I may leave a. A good portion, say 50 or maybe 60%, but I'm going to put together such extensive. And a crazy trust. Oh, yeah, you. I mean, trust in place with requirements to be able to unlock this, and if you're able to do it, is yours. You know what I'm saying? I want to put them through the gauntlet, you know what I'm saying? So by the time they get this thing, man, they're just going to be transformed to completely different people. And once they get it, they'll know what to do it.
[25:58]
A
All right, we know you got to get to work. You got to host this mental health event for Boston downstairs. Where can people find you across social media.
[26:04]
B
Across social media. My name Dreberto. Everywhere on Instagram, on Twitter, on. On, you know, spaces, Tick Tock. Everything at Andre Berto, man, y' all holla at me. We got a lot going on. I'm excited. Yeah. It's Money Monday.
[26:21]
A
All right, guys, as you know, this podcast is designed for you to have real discussions with your friends, family, and followers about money. We grew up thinking it's rude to talk about money, but I believe it's really the true reason that there's so much stress and anxiety and problems and credit card debt that's happening in our society is because we can't have open discussion about money. If you think about being rude, we have to have discussions. And so when you're out there with your friends, family, followers, talk to them about leases and payments and salaries and cars, saving money, have real life discussions because it's part of your real life. There's nothing rude about it. We need to change the entire sentiment in our country and in our planet so that people can be educated about money. That's super important. So as you guys know, follow Andre Berto across social media. Check us out on the moneymondays.com and we'll see you guys next week. Monday.