Wealth isn't Just Measured in Wealth - It's Measured in Choices
As a tennis enthusiast and teacher a lot of your choices are met. You've found a way to take something that is a lifelong passion and turn it into your avocation and profession. In that decision you've also surrounded yourself with a group of people that have common interests and in general are more well rounded simply by their choice to engage in a sport with a universally positive appeal.
Balance what you might earn in a corporate job with a 9-5 steady income versus what you must hustle to earn as a tennis pro. Most tennis teaching professionals look for an opportunity to switch to a more lucrative profession knowing that unless they land a tennis management position their days as a tennis teacher will by physical necessity have to slow down. How do you finesse that.
The best way is to set aside some investments for a rainy day or the future. Doing that successfully requires focused study and continued effort, something most good tennis players know how to do. Another approach is to have a sideline such as a business that operates independently of your tennis teaching. Even teaching something else at a local college can be a fair substitute. I used to teach computer classes at a community college to offset the off season slowdown I had during one phase of my tennis teaching career. There are many ways to fill the gap.
The best way to increase your selection of choices is to eliminate debt. If you have no mortgage or car payments your work requirements are lower than most other people and it will show in your ability to choose. If you choose to keep working hard then your ability to save and spend will increase.
Whatever you decide to do, just keep in mind that no one can do what they did 30 or 40 years earlier. Physical limits come about and hopefully you've prepared. This is why focusing early on toward retirement savings, investments, and a side business is a prudent way to keep your choices flexible.
Related Information
How millennials can overcome their 6 big financial challenges.
Best places to live in the USA
