Andre Iguodala says NBA players make so much money today they should set aside $50,000,000 to fund their lifestyles through compound interest
“Players have so much money now. You can legitimately have $100 million in your bank account. That was unheard of for us. We could sign a big deal for $80 million. First of all, it’s only $40 million. We had expenses, but it all kind of made sense with how the lifestyle goes. Now, you can pay all this off on interest alone”
“It’s so much money out there now that we can start owning things. Beforehand, we were all mom-and-pop businesses. We had barbershops. We had car washes. We had record labels. We did a little real estate on the smaller scale”
“I always tell guys, get your treasure chest in place. Get the foundation in place. Y’all got so much money, you can just set $50 million aside and not touch it, and you can still have all the fun you want. They have that much money”
“I don’t want to promote these types of financial institutions, but if you put $50 million there and just leave it, it’s going to turn to $100 million. It’s going to turn to $150 million. Compound interest is the ninth wonder of the world. Y’all make so much money, you can be really safe and still become a billionaire”
