There are many examples within the NBA of players that earned millions of dollars in their careers only to lose it all soon after. Iman Shumpert had teammates who dealt with that, but he’s avoided the same happening to him.
Shumpert earned $48 million in salary across a 10-year career, winning an NBA championship. He was drafted by the New York Knicks but received his biggest deals from the Cleveland Cavaliers and Sacramento Kings. And he explained in an interview how he is still worth $30 million despite living an excellent lifestyle.
“I didn’t spend a lot of my checks from back then,” Shumpert said. “Like bro, I didn’t spend no money on sh*t, I didn’t want no sh*t. Didn’t even like jewelry that much. I was just chilling, just saving money.
“And if you really think about it, half the battle is being able to get yourself to a point financially that you got a nest egg so you can actually make moves. So many people are probably getting the same check I’m getting right now.
“You can get the same type of money as me right now. But unless you made the money that I just made in the last 10 years, you can’t move like I move. A lot of people don’t understand.”
Even a single NBA contract is more money than a lot of people see in their entire lifetimes, and it can ensure a comfortable life for an athlete if they play it smart. As Shumpert explained, financial prudence is the name of the game and it’s good to see that a lot more current NBA players believe this more than spending their vast wealth in reckless ways.
LeBron James Is The Ultimate Role Model In Terms Of Saving Money
Iman Shumpert was teammates with LeBron James on the Cavaliers, and they likely got along when it comes to this philosophy. LeBron has revealed in the past that despite being a billionaire, he is unwilling to pay basic subscription fees for certain websites and services if he can avoid it.
Being wise with your financial decisions is the only way to find success and take it easy in this life, Iman Shumpert and LeBron James have shown NBA players that it can be done whether you make less than $50 million or more than $500 million. It would be great to see NBA favorites stop going broke after retiring.
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