However, the tennis superstar admitted that she wasn’t always as responsible with her money. When Williams earned her first $1 million check, she deposited it right in the bank. She has won 23 Grand Slam singles titles, four Olympic gold medals and more than $92 million in career prize money. Serena Williams is arguably the greatest female tennis player of all time. Create other funds for long-term goals, such as buying a house. Ideally, set up an automatic payment from each paycheck to go to your savings to build up a healthy emergency fund. You probably won’t be able to save an entire paycheck, but it’s always a good idea to save as much as you can. I wanted to make sure every check from here on out I saved and multiplied.” I wanted to make sure that this isn’t the last check that I receive. “That first check was probably the largest check I’ve ever seen with my own eyes at that time,” he said on “Kneading Dough.” “So I saved it. In 2010, he signed a three-year, $1.22 million contract with the New York Giants and put all of his first paycheck in the bank. Many athletes blow their first big paycheck, but Cruz did exactly the opposite. Cruz is now worth $16 million, bringing in $8.6 million a year as an analyst. Retired NFL star Victor Cruz played for six seasons with the New York Giants and joined ESPN as an NFL analyst in 2018. You might not have $1 million to invest, but dedicating some of your income to investments is a great way to increase your wealth in the long term. James and partners invested less than $1 million in Blaze Pizza in 2012, and that investment is now worth $25 million, ESPN reported. King James’ investments have included Beats Electronics - which paid off big time when Apple bought the company for $3 billion in 2014 - the Liverpool soccer club and Blaze Pizza, Forbes reported. LeBron James has made big money from his salary and endorsement deals, but savvy investments also have played a major role in his wealth. Read More: Biggest March Madness NIL Deals His Lesson: Don’t Be Afraid To Invest He reportedly makes $100 million a year playing for the Los Angeles Lakers and through endorsement deals. LeBron James is a four-time NBA MVP with four championships under his belt and a net worth of $600 million. Here are some financial lessons from some of the greatest athletes of our time. These 13 famous athletes all grew up without money and managed to make wise financial decisions once the big checks started rolling in. Learn: How To Get Cash Back on Your Everyday Purchases Even if you don’t have millions of dollars in your bank account, you can probably learn something from these sports stars. After all, they do have millions to dollars to manage, so a lot of care and precision is needed when keeping that cash in line. Professional athletes might have a reputation for being bad with money, but many are actually quite skilled.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |