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Boston Celtics star Jayson Tatum has admitted that he saves 100% of his NBA salary, which is a quite impressive one, and fully lives off endorsement deals.
Strange as it may seem, the Boston Celtics star Jayson Tatum indicated that he has been saving 100% of his salary since joining the team. This season, $7.8 million is a sum that he will get. And according to him, he saves all of it and lives off his endorsement deals which include Honey Dew Donuts, Gatorade, and Imo’s Pizza.
With the experiences of not having money when he was growing up, Jayson had his mother serving as a primary motivation who also encouraged him to develop prudent habits when it became clear that he would join the NBA.
“But as I got older and started understanding that the NBA was coming to reality, she started talking to me about the importance of balancing all of this money,” said he about his mom.
This, of course, helped him develop the right approach to finances and his mother still works with him on money and business matters which means that the money isn’t taking off anytime soon. Jayson got signed by the Celtics after spending one season at Duke University for a whopping $30.1 million covering four years.
In an interview with the Boston Globe, Jayson also explained:
“Right now I’m young, so I try to do everything as much as possible. … Tomorrow is not promised. You’re not promised the next contract. You want to save all the money you can.”
This doesn’t mean though that he doesn’t get to spend. He has bought a Range Rover for himself while he purchased an Escalade for his mom and he loves nice clothes too.
While many stars are known to splurge it all with many examples of them having a boom period and going bust, there is an emerging trend among celebrities to save their primary incomes and live off side sources of profits. Moreover, the savings are quite often invested in different ways which may keep producing income long after the stardom leaves.
Some of the worst examples have seen people reach stardom and then not only do such stars go bust when they fall but they also in extreme cases go to jail. On the other hand, though, there are examples of stars who have been able to keep their income the same way Jayson is doing. Jay Leno, for instance, is one such example and former NFL player Rob Gronkowski also saved their primary sources of income while they lived off side gigs.
This, of course, goes to teach one very important lesson which tells us that “opportunities come but once”. And there is one more principle that is recommended to near in mind: “Make hay while the sun shines”.