Travis Kelce has actually made more than $70 million throughout his profession in the National Football League, however he still keeps in mind how he invested his very first income.
” I had my eyes on a set of size 13 Nike Air MAG ‘Marty McFlys’– the coolest shoes that I ‘d ever seen in my life,” Kelce stated in his weekly ” New Heights” podcast in Might. “As quickly as I got my check, I instantly browsed the web and sourced them.”
Kelce states he invested around $10,000 on the limited-edition tennis shoe, which are reproductions of the futuristic shoes Michael J. Fox used in “Back to the Future Part II.” Just 1,500 sets were ever launched.
” I have actually constantly been a huge Nike guy and after that you understand, viewing ‘Back to the Future’ a lot of frickin’ times– goddamn it, those were sweet,” Kelce stated on the podcast, which is co-hosted with his bro and Philadelphia Eagles center Jason Kelce.
The tennis shoes ended up being an excellent financial investment, as they now regularly cost $20,000 to $30,000 on reseller and auction sites.
Nevertheless, Kelce stated he was pointless with cash throughout his novice year. “I invested method excessive cash in clubs, and I was preventing the lease girl,” he stated. All he needs to reveal for his very first season as a pro are “a few of my preferred shoes.”
It wasn’t that method for long. Following a five-year $46 million agreement extension in 2016, Kelce signed another four-year extension in 2020, worth simply over $57 million He likewise makes an approximated $3 million a year beyond football, Forbes reports Since fall 2023, Kelce has an approximated net worth of $30 million, according to Expert
Kelce isn’t the only professional athlete to remember their very first huge pay day. Here’s a take a look at how other leading professional athletes invested their very first incomes.
Shaquille O’Neal purchased cars and trucks for his moms and dads
When he was 20, Shaquille O’Neal blew through $1 million within hours of getting a look for his very first million-dollar trading card agreement.
He purchased a $150,000 Mercedes Benz for himself, then another one for his papa, followed by a smaller sized $100,000 one for his mama. The remainder of the cash approached settling his mama’s home and doing “what all the homeboys do– got ta purchase rings and diamonds and earrings and this and that,” he informed Service Expert in 2017.
At that time, he didn’t truly comprehend how taxes worked, and he wasn’t thoroughly tracking just how much he invested. A bank supervisor needed to inform him that he was around $50,000 “in the hole.”
” After that, I stated, ‘You understand what? I require to get me a service supervisor,” O’Neal stated.
Ever Since, O’Neal has end up being an effective financier, with early stakes in business such as Google and Lyft. In 2016, Forbes approximated his net worth at over $400 million
Klay Thompson spent lavishly on a swimming pool table
Nationwide Basketball Association champ Klay Thompson presently makes $43.2 million annually, however when he got in the league in 2011, his very first income was $35,000.
” It was extraordinary,” he informed Radical Carter in a 2019 episode of Uninterrupted’s ” Kneading Dough.” It was “more cash than I might ever consider.”
The very first thing he bought: a swimming pool table “I still have that to this day,” stated Thompson.
Thompson stated that in spite of making “errors” with his cash throughout his novice season– consisting of purchasing a closet loaded with clothing he never ever used– his “tastes aren’t that elegant.”
” It’s not like that cash made me better,” he informed Carter. In his junior year at Washington State University, he lived “a fantastic life” on a $1,100-a-month stipend.
” I might get as much Taco Del Mar as I desired. I might go to Target and have a field day,” he informed Carter. Later on in his profession, Thompson introduced a company to support kids in the U.S. and the Bahamas through physical fitness and education.
At the end of the day, “wealth is a state of mind,” he stated. “If you have relationships and experiences around you, those are valuable. That’s much better than any cars and truck or huge home you can get.”
Serena Williams put her very first income into cost savings
Tennis star Serena Williams didn’t in fact invest her very first income.
” I never ever touched [the money]– simply put it in the bank,” she informed Carter on an episode of Uninterrupted’s “Kneading Dough.” “I remember I went through the drive-thru to transfer my check, and after that they resembled, ‘I believe you require to come in for this.'”
She stated she constantly bet the love of the video game, to the point that she would forget to gather the incomes she made at competitions.
” When I initially turned professional, you needed to go get your check,” Williams informed Carter. “I never ever, never ever chose it up, so at the end of the year, the competition directors would actually hand me the check due to the fact that I would never ever go get it.”
Williams stated she never ever felt broke maturing As an outcome, she never ever felt the requirement to spend lavishly when she began to generate income as an expert tennis gamer.
That state of mind has actually settled. Williams retired from tennis in 2022, however has an approximated net worth of $290 million, according to Forbes
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