- Draymond Green was a confused young guy who didn’t know how to manage his money before high-profile podcast episodes
- Green had no idea how to manage his money at first because he had never received this much money throughout his college years at Michigan State.
- Draymond is living the dream right now since he gets to play his favorite sport and podcast about it on the side
Draymond Green was a confused young guy who didn’t know how to manage his money before high-profile podcast episodes, endorsements, and landing a long-term contract with the Golden State Warriors. When he received his first salary of $850,000, the three-time champion claimed he had no idea what to do.
Table of Contents
Separate and conquer
Green had no idea how to manage his money at first because he had never received this much money throughout his college years at Michigan State.
Green realized that his first salary would only net him $400,000 after taxes, deductions, and expenditures.
The 22-year-old stated that he initially believed he could manage his finances on his own.
“My first-year pay was $850,000.” That’s a lot of money in the grand scheme of things
. You’re still in the top ten if you make $850,000.00. 1% of all Americans? So it’s a lot of money,” Green explained.
“I didn’t hire a financial advisor my first year,” I stated that I intend to do this on my own.
I’d like to learn how to pay my debts. I want to learn how money works, and if I mess up, I mess up.
Because, at the end of the day, I’m 22. I can’t live off $400k for the rest of my life, so I’ll take it, but I can teach myself about money.
Green, ironically, did not end up handling his money on his own.
Instead, the future Hall of Famer eventually engaged financial consultants and a team to help him achieve his short and long-term objectives.
The young forward learned that investing in firms and seeking assistance from tech executives and venture
Capitalism was the most effective way for him to save and expand his money.
Green was fortunate to be playing with teammates who were also exploring similar ventures with their money.
It also enabled these businesses to attend Golden State home games and network with the players.
“I’m fortunate to play on a team that is not only terrific at basketball but also has some smart players,”
Green says, according to Forbes.com. “It’s a good, enjoyable, and friendly competition.”
And I think it’s fantastic to continuously nudge men on the correct path.
“I think the most essential move I’ve made is to just surround myself with the team I have,” Green continued.
Draymond Green’s net worth
From collecting $850,000 on his first paycheck to being valued at $60 million,
it’s easy to conclude that the Golden State Warriors forward eventually made the correct decisions.
Green’s endorsements include Converse, New Era, and Subway, in addition to his actual salary and assets.
According to Sportskeeda, one of Green’s most major investments is his collaboration with Blink Fitness,
with whom he collaborated to open at least 20 gyms in his homeland of Michigan.
So, yeah, Draymond is living the dream right now since he gets to play his favorite sport and podcast about it on the side,
as well as because of all the investments and financial experts he trusted in his early career.