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Contrary to the typical filthy rich to flat broke story of the typical young ballplayer, Boston Celtics rookie Jayson Tatum’s millions aren’t burning a hole in his pocket.
Rather than buying several fast cars, big mansions, and expensive trips, he’s taking his mother’s advice.
Tatum shared with Uninterrupted’s Kneading Dough web series that following his mom’s guidance, he actually SAVES every penny of his $7.8 million annual salary in a savings account.
“Tomorrow is not promised. You’re not promised the next contract. You want to save all the money you can,” Tatum told the Boston Globe. While he’s right that professional sports careers are usually short-lived, he’s not living off beans and rice either.
Tatum says that while he still enjoys buying nice clothes and did buy one expensive car for himself, he simply makes a point to use endorsement deal income when he does.
Hopefully, a Black mother’s wisdom coupled with Tatum’s example of restraint in an industry that encourages excess will motivate other players and even young fans to start a saving habit of their own.