{"id":2099618,"date":"2023-11-15T13:01:02","date_gmt":"2023-11-15T18:01:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/high-risk-high-reward-life-lessons-with-lindsey-vonn\/"},"modified":"2023-11-15T13:03:53","modified_gmt":"2023-11-15T18:03:53","slug":"high-risk-high-reward-life-lessons-with-lindsey-vonn","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/high-risk-high-reward-life-lessons-with-lindsey-vonn\/","title":{"rendered":"High risk, High reward: Life Lessons with Lindsey Vonn"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fhigh-risk-high-reward-life-lessons-with-lindsey-vonn%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2099618&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p><!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><br \/>\n<?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><html><body><\/p>\n<div class=\"entry-content\">\n<p><strong>11:12 AM UTC \u2013 November 15, 2023<\/strong><\/p>\n<p><strong>NEW YORK (Reuters) \u2013<\/strong> If\u2064 you think investing is scary, imagine skiing down the world\u2019s most challenging mountains at 70\u200d or 80 miles (112.7 \u2064or 128.8 km) \u2062an hour.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-3\" style=\"min-width: 320px; min-height: 50px; text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-3'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>After \u200bdoing that\u200b for years \u200c\u2013 and being the best in \u200dthe world at it \u2013 nothing much fazes Lindsey Vonn.<\/p>\n<p>The\u2062 former \u200cWorld Cup overall champion\u2063 and\u200b Olympic gold medalist \u2064may be retired from the slopes now, but slaloms\u200b her way through multiple business ventures at age 39.<\/p>\n<p>For the latest in Reuters\u2019 \u201cLife Lessons\u201d series, she talked with us about how to attack your career with speed, skill and courage.<\/p>\n<h2>Q: Your dad gave you some career advice very early on. What was it?<\/h2>\n<p>A: I was nine\u2063 years old\u200b when I first decided I\u200b wanted to be an Olympian, after meeting my idol Picabo Street. We made a 10-year plan on \u200bhow to make the Olympics. One thing he\u200d made sure I understood was that ski racing didn\u2019t make\u200d any money.<\/p>\n<p>If I \u200cwanted to have a successful career, \u200dI needed to be more than an athlete. I had to work harder than anyone else, and be smart about everything I did, \u200bbecause nothing would \u2062come easy, and I was not \u200cgoing to get a big \u2062contract.<\/p>\n<h2>Q: When you were just starting\u2062 out, were you able to work at all?<\/h2>\n<p>A: I did a lot of babysitting for \u200ckids in\u200b my\u2063 neighborhood. I \u2064made pretty good money, about $20 an hour. That was my\u2062 spending money, which I\u200c would use to buy things like CDs. I\u2019m the \u2062oldest of five, and three of my younger siblings are triplets, so I\u2019m pretty good at managing kids. I changed a lot of diapers growing up.<\/p>\n<h2>Q: Was it difficult to plan a financial life, when you are \u2062only paid when you\u2064 win?<\/h2>\n<p>A: For me it was a matter of motivation. I calculated in my head that if I won a certain number of races, I could\u2064 finally get a car or buy a house. As I \u2064became more successful, the amount of guaranteed \u200bmoney went up, but that didn\u2019t happen until the\u200b end of my career.<\/p>\n<p>Real estate is something I particularly love investing in, because I travel \u2063so much. I love to have\u2063 places \u200cto\u2062 call home.<\/p>\n<h2>Q: What have\u2063 you learned \u2062from your various\u200b business lines, such\u200d as ski wear?<\/h2>\n<p>A: There are always\u2062 going to be challenges, obstacles, \u2062adversities, failures. Just like in sports, you have\u2063 to find a way forward and learn from every mistake and figure out how to rectify \u200dit.<\/p>\n<p>With my ski line, it\u2019s about talking to \u2063retailers and consumers, \u2064and figuring out \u200dthe\u200b right price points and materials and manufacturing. You never get it right the first time, but that\u2019s what sports \u200bis all about: Learning through trial and error.<\/p>\n<h2>Q: You also like startups. What are your investing principles there?<\/h2>\n<p>A: That\u2019s a little different \u2064and riskier.\u200d I look at the leadership: Who is the CEO, what \u200bis their mission, how \u2063do they approach business? Do I believe in the product? \u2064And do I believe in the person?<\/p>\n<p>Sometimes\u2063 businesses can have an amazing product, but it never \u200dgoes anywhere if they don\u2019t have an amazing leader.<\/p>\n<h2>Q: What other\u2063 business lines are part of your portfolio?<\/h2>\n<p>A:\u200c It has been \u200bfun and\u2064 inspiring to invest in other women, like with Angel City \u2063FC. \u2064In the past, not a lot\u200c of people\u2062 followed women\u2019s \u200dsoccer, but I believe in them, the sport and what women can do. If I make \u2063some money, great. \u2062The main point was to invest in women.<\/p>\n<p>Now with the SAG-AFTRA strike over, I am also focusing on my production\u2064 company, with a few different shows\u200b in the works. I am\u2064 also \u2063on the \u2064board for\u2062 Salt Lake City\u2019s Olympic bid committee for \u20642034. And\u200d my ski line just launched at\u2063 Saks Fifth Avenue, so hopefully sales go well.<\/p>\n<h2>Q: What life lessons would you pass on?<\/h2>\n<p>A: Failure is your best lesson and your biggest opportunity. From a financial perspective, the \u2063biggest mistake I \u2063ever made was not managing my own money. I was making money at a young age,\u200d but I didn\u2019t pay enough attention. That\u2019s my biggest regret.<\/p>\n<p>For youth, financial\u200d independence is \u200done of the most important things for \u2063them to work towards\u200b \u2013 not being reliant on parents \u2063or partners and having their\u2063 own \u2062bank \u200caccounts with money they can access at any time. That will give them the freedom to make choices in their own best \u2064interests.<\/p>\n<p><sub>Reporting by\u2064 Chris Taylor; \u200cEditing by Lauren Young and Richard Chang<\/sub><\/p>\n<\/p>\n<div id=\"rc-widget-10bad2\" data-rc-widget data-widget-host=\"habitat\" data-endpoint=\"\/\/trends.revcontent.com\" data-widget-id=\"278641\"><\/div>\n<p class=\"dpsp-share-text\" style=\"margin-bottom:10px\"> \t\t \t\tShare this post!\t<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>The \u2018March For Israel\u2019 says No ceasefire will stop Hamas, Marwayne\u200c Mullin almost throw down \u200bwith the Teamsters Union Boss and Mayorkas \u2063is saved by 8 \u200bRepublicans.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>President \u200cBiden is losing support among \u200cBlack and Hispanic voters, according to recent polling from The New York Times\/Siena College.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Inflation went \u2064up to 3.2% year-over-year, down\u2062 from 3.7% in September.\u200b <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>After both parties have failed to reign in government spending, one advocate for \u2064fiscal\u200d responsibility says things have got to change.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Starlink\u200c has secured a \u200ccontract to offer \u2062free \u2062internet\u2063 in Mexico until the end of 2026.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>U.S. lawmakers\u200c asked Apple Inc to explain the\u2063 abrupt end of \u2064political comedian \u2064Jon Stewart\u2019s television show\u200b on its\u2064 streaming service.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Elon Musk denied a report that his rocket company SpaceX was discussing an IPO for its satellite internet business, Starlink.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Chinese companies are buying\u200b up U.S. chipmaking equipment\u200d despite a raft of new <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/march-for-israel-rally-in-d-c-elevated-to-sear-1-threat-level-by-dhs\/\" title=\"DHS Raises 'March For Israel' Rally in D.C. to SEAR 1 Threat Level\">export curbs aimed<\/a> at advances in\u2063 the country\u2019s semiconductor \u2063industry.<\/p>\n<\/p><\/div>\n<p> rnrn  <\/p>\n<h2> \u2063 How did Lindsey Vonn manage her financial\u200b life as\u200c a\u200b professional athlete?<\/h2>\n<p><span>  Lindsey Vonn: Speeding Down Mountains and Conquering the\u2063 Business World<\/p>\n<p>NEW \u200bYORK (Reuters) \u2013\u200d If\u2062 you think investing \u200bis scary, \u200dimagine skiing down the \u2062world\u2019s most challenging mountains at 70 or\u200b 80 miles (112.7 or 128.8 km) an hour. After \u200ddoing \u200cjust that for years and being\u2063 the best in the world at it, nothing much fazes Lindsey Vonn. <\/p>\n<p>The former\u200c World\u2063 Cup overall \u2062champion and Olympic gold medalist \u2062may\u200b be retired from the \u2062slopes now, but she slaloms her way through\u200d multiple\u2062 business ventures\u200c at the age of \u206439. In \u200ca recent interview with Reuters, Vonn\u200c shared her \u200cinsights on how to attack your career with speed, skill, and courage.<\/p>\n<p>Vonn&#8217;s \u2062father gave her valuable career advice when she was just nine\u2062 years old. He made it \u2062clear that ski racing wouldn&#8217;t make her rich, so\u2064 if she wanted a successful career, she had to \u2063be more than just \u200can athlete. She had to work harder than anyone else and be smart about everything she did. This mindset taught Vonn that nothing would come easy, and she wouldn&#8217;t get a big contract handed to her.<\/p>\n<p>When\u200b she was starting\u2062 out, Vonn worked as \u2062a babysitter for\u200b kids in her neighborhood\u200d to make some extra money. She managed to earn about $20 an hour, which she \u2062used as spending money for things like CDs. \u200bGrowing up as the oldest of five children, Vonn became skilled at managing kids and\u2064 even changed numerous diapers.<\/p>\n<p>Planning a \u2062financial life when\u2062 you only get paid when you \u2064win can be challenging. However, Vonn&#8217;s motivation came from setting goals for\u2064 herself. \u2062She \u200bcalculated that \u2063if she won a certain\u200c number\u2062 of races, she could finally get a car or buy a house. As she became more successful, the amount of guaranteed money increased, but it wasn&#8217;t until \u2064the end of her career that she <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/high-risk-high-reward-life-lessons-with-lindsey-vonn\/\" title=\"High risk, High reward: Life Lessons with Lindsey Vonn\">started \u200dearning significant sums<\/a>. Real estate became one\u200b of Vonn&#8217;s favorite investments due to her constant traveling. Owning properties provided her\u2062 with places she could call home.<\/p>\n<p>Vonn&#8217;s experience in various business lines, such as her own ski wear line, \u200btaught \u200bher valuable\u2062 lessons. Just like in\u2063 sports, there are always challenges, obstacles, and failures. The<\/p>\n","protected":false},"excerpt":{"rendered":"<p>11:12 AM UTC \u2013 November 15, 2023 NEW YORK (Reuters) \u2013 If you think investing is scary, imagine skiing down the world\u2019s most challenging mountains at 70 or 80 miles (112.7 or 128.8 km) an hour. Advertisement After doing that for years \u2013 and being the best in the world at it \u2013 nothing much<\/p>\n","protected":false},"author":1911,"featured_media":2099619,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-2099618","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2099618","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1911"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2099618"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2099618\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2099619"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2099618"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2099618"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2099618"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}