When Capt. Michael Steadman retired from the Marine Corps, he was looking for what to do next.
He chose the latter.
He wanted to share the appreciation he had for boxing by offering a similar program to low-income areas. And that's where IRONBOUND Boxing was born.
Steadman was able to form a good working relationship with the City of Newark, N.J., and the city offered him a free space to turn into a boxing academy and train young adults for free.
"One of the things I've built out is a corporate wellness business that teaches boxing to companies as a form of employee wellness," Steadman said on "Making Money with Charles Payne." "A lot of companies in New York City metro area are having yoga instructors, meditation instructors to keep and retain talent, and we'd like to provide them with onsite boxing instructors."
Steadman said it's been a blessing to see the kids grow in the program over the past few years.