![]() ![]() ![]() But the trick isn’t necessarily how much you save, but when you start. Saving is the key to reaching almost any financial goal, especially if you want to retire with a million-dollar portfolio. Retirement savers with a 401(k) balance of $1 million or more increased to 365,000 during the first quarter of 2021, while the number of those with an IRA with a balance of $1 million or more jumped up to 307,600. In fact, the number of retirement millionaires have reached record levels, according to data from Fidelity Investments, the nation’s largest provider of 401(k) savings plans. Do these 5 things if you want to improve your credit score.How to get your kids started investing early.Should you rent or buy a home? Ask yourself these 3 questions.The outcome can be surprising and easily surpass an average result in a QS event.Ģ010-2019 Championship Tour Seasons | Earnings In The Top 10 Rankingsġ. Surfers who have been building a video platform are already monetizing their content quite well. The world is changing, and digital projects are shaping the lives of many surfers. If you've got the backup of a few surf gear manufacturers, you could save a few thousand dollars in premium equipment for your competitive needs. Surfboards, wetsuits, and surf gear can be expensive. If you're a successful surfer with relevant social media exposure, you are eligible for exciting marketing deals with surf or non-surf-related multinational companies and brands. Sponsorship deals may, for example, cover traveling expenses and hotel bills. It's not easy to find long-term sponsors, but they could be relevant to balance a surfer's financial life. For many, it is the primary source of income, and for a restricted group of stars, it's the least important slice of the pie. Prize Moneyįor the majority, it's the only source of earnings. The average income of a pro surfer can be broken down into several pieces: 1. Some of these high-performance athletes have become personal brands with a massive influence across several potential consumer markets. There's more to the life of a competitive wave rider than just winning and losing heats. The Brazilian made $160,800 after winning the 2014 US Open of Surfing.įortunately, a pro surfer could benefit from several sources of income. Now, subtract expensive flights from one corner of the globe to another, accommodation bills, food costs, equipment, and entrance fees, and you'll end up with nearly nothing for yourself.īetween 20, there was only one QS champion making more than $100,000. And there is only a handful of these premium contests each season. The winner of each of the QS 10,000 events gets $30,000 in prize money. Why? Because the average annual income of the number one QS surfer in the world is around $65,000. The truth is that you'll hardly make a living from it. For 99 percent of all QS surfers, it can be extremely frustrating. ![]() The QS is a long and strenuous marathon of traveling, ups and downs, emotional rollercoasters, and disappointment. This means that only around 1 percent of all QS athletes will have the chance to reach the surfing elite. Their goal is to gather enough points to make it into the top 10 of the rankings by the end of the year and qualify for the CT. So, there's a huge earning gap between the top and the lowest-ranked CT surfers.Įvery year, professional surfing's second division features between 7 competitors from all over the world. Slater, the second most well-paid of the decade, made $2.2 million from contest earnings.Ībove this top 10 reference, Medina and Slater were the only surfers to reach the $2 million mark, and only eight pro surfers cashed in more than $1 million.Īdrian Buchan only made it to the top 10 once, in 2010, and in that year, he pocketed $100,000. The Brazilian took home more than $2.4 million. However, it was Gabriel Medina who made more from prize money during these ten seasons. Kelly Slater and Jordy Smith were the most regular surfers of the decade. The winner of each of the 11 CT events takes home $100,000.īetween 20, only 26 male surfers concluded the season in the top 10. The Championship Tour is the elite of surfing and features 34 professional athletes. The monthly salary or annual income of a professional surfer varies depending on whether he or she is competing at an elite level or still struggling to reach the top of the qualifying series rankings.ĭo surfers make a lot of money? Only a few will become rich, and only a handful will become millionaires. You can only talk of professional surfing careers when the ASP World Tour began its operations in the early 1980s.īelieve it or not, today, there are not more than 1,500-2,000 professional competitive male and female surfers in the world.Īnd probably only less than 100 athletes will make a living off it. How do professional surfers make money? How much do they earn a year? Can a pro surfer make a living off competition? ![]()
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