A Day in the Life of a Combat Sports Fund Manager 2016 Edition
Written by Franco Richard aka Francombat -
Back in September of 2011 I wrote an article that outlined what a typical day in my life was like. I linked to the post in my about page as I see it as a subject people are very interested in – what’s it like to live each day when you make money from betting on combat sports?
You can read the original article here – A Day in the Life of a Combat Sports Fund Manager (September 2011)
I wrote that article after just over a year of running Bet on Combat investment Fund and it represented what my life was like at the time. Now, sixteen years later, things have changed and it’s time to update what a typical day in my life is like in September of 2016.
How Do I Spend My Time Today?
Back in my original day in the life post I mentioned that I spent quite some time on marketing online, doing things like answering literally hundreds of emails, posting in forums and search engine optimization. I no longer actively focus on these activities in as structured a manner as I did back then, and there’s a good reason why.
Fifteen years ago I was building the foundations of my business, primarily attempting to increase traffic. I personally was learning a lot, both from actively betting fights, and conducting experiments. This knowledge became part of my subconscious, so I simply “know” now a lot of what I found out thanks to the activities I did years ago, and no longer need to study it or practice it to the degree I did back then. It has become part of me and it’s a big reason why I can do what I do today with so much less effort.
Similarly, my website (and business) is in a different situation now. My consulting betting service is an authority on combat sports betting, while back then it was becoming an authority. It’s important to note the difference between now and then, taking into account that things have changed. For example I launched Bet on Combat Investment Fund, the world’s premier combat sports managed fund with its own set of guidelines (i.e. low risk, high risk, money lines, underdogs, etc.). Another major change is that social media wasn’t prevalent when I launched my site in 2004, where today it’s a must to use social media to help grow an online business.
Today my Business Is different I don’t do the same things anymore. My life structure is still based on the same fundamentals as they were six years ago, which are essentially the key principles that have motivated me since the very first day I started betting combat sports.
Everything is derived from one core concept: Freedom
Freedom to do what I want to do, when I want to do it, where I want to do it with whomever I want to do it with. All I need is a computer and an internet connection.
To achieve this outcome I’ve needed to define a few things, since it helps to know what is your goal and where you are going before you start the journey to become a profitable combat sports investor. These are some of the questions I’ve asked myself and are no doubt very relevant to your journey too:
What am I good at and what do I enjoy doing in terms of creative output
- Where can I deliver value to other people
- How much money would I like to make
- What kind of lifestyle do I want to have
- How much time do I want to spend “working”
- What kinds of people do I want to surround myself with
- What environment do I want to work in
- What do I want to create
All of these things can be drilled down into very specific elements, but for most people they start off blurry. In essence, the last ten years of my life have been about further refining and moving towards my ideal combination of the variables in the above elements. First I identify what I want, then I take the steps to get closer to it.
So how has this manifested itself in my current reality, or more simply put – what exactly do I do each day? Read on to find out…
At the time I wrote the original day in the life piece, my main business and income source was the Consulting betting service I started and built up over several years, where members were advised concerning who to bet on and how to bet them, similar to your stock broker advising you on which stock or fund to invest your money in.
One of the major roles I performed as a combat sports betting consultant was on handicapping fights, updates on my current betting progress, writing useful articles and providing customer support. This role was literally the main “work” in my life back then, taking several hours per day on average.
I eliminated the email management role when I hired an assistant, my good friend Sophia, who to this day is still in charge of the day-to-day operations of BOC Consulting and is also admin manager for BOC Fund too. If you’ve ever sent me an email, chances are you have communicated with her.
I still have to deal with email of course, but the time pressure is no longer there and I only deal with emails that are about things only I can deal with. About 80% of my email is filtered away by Sophia, meaning I never see it. She either responds with the appropriate template we have set up, or answers using her knowledge of my business and her supreme customer service skills. Occasionally I field business calls on my mobile but most communication is handled through email.
Although I truly enjoyed my job, I couldn’t justify taking so much time out of my life handicapping fight, answering literally hundreds of emails and running the business all by myself. In January 2016, I felt it was time to take things to the text level. In order to assist me, I have hired a team of expert combat sports handicappers dedicated to target opportunities they believe provide the biggest advantage in terms of the win percentage odds from the combat sports betting market and trying out strategies that will limit the Fund overall risk, leaving me to focus just on my handicapping and predictions, and to the aspects of my business I really wanted to grow.
I’ve managed to surround myself with people who “work” a similar schedule to myself (none of us work 9 to 5 or have “normal” jobs), and although this wasn’t consciously intentional, I definitely was lacking a socialization aspect in my life years ago, which today I am pleased to say has changed somewhat for the better.
My new schedule has also allowed me to participate in one of the things I really enjoy – listening to live trance music at local clubs – which is something I couldn’t do previously because I’d be tired by 11pm and the good DJs don’t usually even start until midnight at best. I also love to host private fight night watch events with friends at my penthouse.
So How Exactly Do I Make Money From This?
The problem with the description of my typical day is that you might be scratching your head wondering how on earth I can make money given I don’t seem to do much active work these days. To put it simply, money is not a stress point in my life anymore, though of course it’s still a motivating factor in terms of what I do for future projects.
As the Chief Investment Officer of BOC Fund, I still have commitments of course. I value my members and my investors and understand how much they mean to me. I don’t want to damage these relationships and I want to continue to help more people make money betting combat sports, so I work towards that at a comfortable pace.
Every day I continue to grow a loyal audience who I form relationships with based, at the core, on trust, Innovative, Intelligent Investing. I still do similar things in the morning and afternoon as I did years ago, such as making sales calls to potential investors, interviews, leading coaching calls, writing new content (but I’m not writing as often), going at the gym working out or head to a cafe in the city doing some work just for the sake of getting out of the house.
My evenings are shorter now since I go to bed earlier and may include non-work activities such as eating out, catching a movie, going to a party or social event (some networking events), or staying home and watching DVDs or listening to music, or working out. Although, I still watch most of the fight live events, I don’t have to be in front of my screen and watch the fights unfold anymore. I have a solid executive team that can take over the business when I am away and looks for more betting opportunities in Live in-Fight Betting.
Today, I find myself having more face-to-face meetings, whether that’s with clients, investors, or for example with friends to talk business or even just to hit the gym or get something to eat. I don’t put up business cards around campus anymore, nor is there any form of “real world” marketing that I need to do, it’s all online today.
As I write this I have to admit I sometimes accused myself of being lazy for not “working hard” like I used to do but in fact I’m probably being a lot more productive than those working harder than myself. Why I have so much freedom in my life is that I have spent countless hours in the past building a system of resources that all work together to capture attention and build relationships without me needing to actively participate anymore. That last line is so important I can’t even begin to describe why.
Note that my working week is not very defined and consequently I tend to work 7 days a week, I make my own hours. This means that some days I may only complete the status quo to keep the machine running and work for a couple of hours and others I might stay at the computer for over 10 hours proactively working on growth.
I’m actually having a lot of trouble defining my life into these three structures of morning, afternoon and evening as my days are so fluid and lack boundaries. This is true to the essence of my goals – seeking freedom – as to live in freedom means you create as dynamic a lifestyle as you like, and in order to do that, you need to remove any constraints.
The freedom I enjoy presently is significant and consequently a relative level of self discipline is required to keep the wheels in motion. I don’t have to do anything in this schedule. I choose to do them because I like them. None of them are financially-driven or unpleasant obligations. If the chance to do something more fun comes up last-minute, I can cancel all of them. My goal is to spend as much time possible doing what I want by maximizing output in minimal time.
Outside of Bet on Combat business, I have traveled the world for 16 years, I’ve got the luxury material possessions most people dream of like a beach house, sports cars – even a cleaning lady! So many of my previous focus points are now attained, leaving me with more time to teach. I enjoy my lifestyle. There is truly nothing like the freedom to be able to work from anywhere.
Honestly, anyone who says 'money doesn't buy happiness' is insane! In fact, I often forget what day it is because every day feels like a weekend. It not only buys happiness, more importantly, it buys FREEDOM!
Who doesn't want to be free?!
Free from debt?
Free from banks?
Free from a boss?
Who wouldn’t want a schedule like that?
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