A Quote by Andre Iguodala
When you first come in the NBA, you have a lot of conversations about saving your money, financially educating yourself, not just trusting whoever it is handling your money, not just having those meetings once a year, and not really putting the effort into learning the same way you learn your craft on the court.
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Once, a friend’s mom said to me when I was very young 'You can't really invest in your looks as the only thing because it's a depreciating asset. I think this is trueit’s like putting money into a stock that’s going down. Put your money, put your effort, invest in your brain and talent which will appreciate and get better as you get older.
There is no better way to earn money than to do the things that you love to do. Money can flow into your experience through endless avenues. It is not the choice of the craft that limits the money that flows - but only your attitude toward money.
When you first make money, you're just excited that you have it and just buy things on a whim. You don't really think about the implications that taxes have, because when you owe money, all of a sudden all of the money in your account - it's gone!
I was raised by my mom, pretty much, and she just had this very non-judgmental, having no shame about yourself, no regrets, just trusting your gut and your instinct, and treating yourself with respect.
It really depends upon how much money you have in your account. Having a monthly paycheck come in for the rest of your life is extremely important. So it would probably be smart to put some of your money into an annuity, which is a way of buying a monthly pension check.
Another thing you end up doing when you get older, is you spend so much time sort of trying desperately to keep from just looking just a little older. You're just constantly putting stuff on your face and having things removed from yourself and opening up copies of "Vogue" so that you can find new ways to throw whatever money you've managed to save into the arms of some doctor who has just come up with a new way of lasering your face that feels like electroshock and all these things.
A lot of people want to start a business, and they're like, 'I wanna start a business, give me some money to invest.' Where is your business plan? Are you investing money yourself into your own business? How is this going to work? People think that they can just come to you with an idea and have money.
When you start really respecting yourself, those you love, and your money, the result is that you start having control over your money. What follows from that is control over your life.
Money comes and goes. I'm thankful I have money. I'm trying to save up more. I would like more money. But it's not happiness. If you're a millionaire and hate your family, hate your friends and your life, then what is the point? You're just a person with a lot of money and power who is not happy.
As an entrepreneur, it's easy to feel ownership over every aspect of your business because you're putting your reputation, your money, and other people's money on the line. Oh, and you're sleeping, breathing, and eating your passion project - that, too. But if you try to do it all yourself, you're almost certain to fail.
When I was 20, 21, 22 years old, I was making really good money for a 22-year-old, but it wasn't a huge pot. And of course I made a lot of mistakes. I'm glad I got to make those mistakes with a smaller pool of money and learn from it as opposed to learning the hard way with bigger amounts of money when there would be more consequences.
I'm not really worried about anybody or anything. I think I have a lot to offer. It's just, with your rookie year, your body, it's just a lot. It may seem foolish, all those dunks and stuff: they look cool, but it takes a toll on your body, for sure.
The more you learn about yourself and your family tree, your self-esteem goes up. They will learn archival skills, historical analysis and science skills. You learn all this in the most seductive way, and that is through learning about yourself. Who doesn't like talking about themselves? It doesn't seem like science or history, it's just fun.
For me this was never a money issue, it was about being rich in your heart. To come home, and to be in the place where your dream first started, 15 minutes away from where my grandfather built my first basketball court, is a dream come true.
The Profit and Loss Statement tells you a lot about how your business is doing. It can also help you to determine ways that you can go about saving money so that you get to bring more money home! Basically, the P&L statement measures all of your income sources verses all your business expenses for any given period of time.
Now's the time to teach your 5-year-old kid about financing. If they can add, I suggest that you start teaching them about saving that money. And how their money can add up in the future. I think the more you prepare your children for the future, the better off they'll be.
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