Uncategorized

“I didn’t know when my uncle was going to give me another dollar” – LeBron James on the financial lesson he was taught in his 𝘤𝘩𝘪𝘭𝘥hood

James made sure to adopt the teachings of his uncle despite earning massively in the NBA.

When you look at LeBron James, it’s hard to picture a time when he wasn’t dominating basketball or was among the most profitable athletes in sports. However, the 39-year-old might have never become a billionaire had he not taken a 𝘤𝘩𝘪𝘭𝘥hood lesson to heart. Though the four-time MVP has been one of the leading faces in the NBA for more than two decades, one principle instilled in him made sure he would be financially sound even if his career would come to an end abruptly.

Uncle’s valuable lesson

When LeBron was 𝐛𝐨𝐫𝐧, his mother, Gloria, was only 16 years old. With an unstable life, both had to move homes and struggled financially during their early years. Because of this challenging start, Bron’s needed every bit of advice he could get. Speaking on “Uninterrupted,” the four-time NBA Champion shed light on how his uncle instilled in him a habit of financial mindfulness.

“My uncles always taught me – they taught me how to have a savings account,” LeBron said, as mentioned by Yahoo. “They’d give me a dollar and they’d be like, ‘Listen, nephew, go spend 35 cents of it and keep the other 65.’ Or, if they gave me two dollars, they’d be like, ‘Go ahead and spend a dollar of it, but stash the other dollar.”

LeBron still heeds that advice

Despite earning $528 million in NBA salaries alone, investing in several profitable business ventures, owning small stakes in sporting clubs, and even signing a lifetime deal with Nike, the 20-time All-Star has built himself a billion-dollar net worth yet he makes sure to honor his uncle’s lesson. He hasn’t shied away from applying the teachings, even with all his success.

“I’m always in my head about stashing and keeping my money sacred,” the four-time Finals MVP added. “Because I didn’t know when my uncle was going to give me another dollar here and another 50 cents here.”

It’s safe to say that while “The King” has earned a substantial amount of money, his knack for saving and wise investments have been key to sustaining it. More importantly, Bron serves as a powerful example for the younger generation—showing that even the wealthiest NBA players prioritize saving and building long-term financial security over reckless spending.

Related Posts

Tiger Woods’ ex-coach takes a dig at PAC’s advice to PGA Tour, claims reason for reducing fields is ‘hidden behind eliminating slow play’

Tiger Woods’ ex-coach Hank Haney on why PGA Tour is reducing the field size. (Image via IMAGN) Tiger Woods’ ex-coach Hank Haney is active on social media and…

Rory McIlroy can reflect positively on his achievements this season, but he will also have candid regrets at what might have been after US Open implosion, writes RIATH AL-SAMARRAI

As another season moves towards its conclusion this week, Rory McIlroy on Wednesday adopted the familiar position of balancing some level of satisfaction with candid regrets over what might have…

“Lesson learned” – Savannah James and LeBron James react after daughter Zhuri James cringes at Bronny James’ sweaty hug

Savannah James and LeBron James react after daughter Zhuri James cringes at sweaty hug from brother Bronny James (Image Sources: LeBron, Savannah, Zhuri and South Bay Lakers IG)…

Stephen Curry sends Klay Thompson a message with epic trash talk video after hitting game winning shot

In Klay’s return to the bay the Mavericks lost to the Warriors. Golden State Warriors guard Stephen Curry, middle left, looks to drive to the basket while being…

Anne Hathaway’s Dedication to Flawless Skin Continues to Amaze Me

@annehathaway Products are independently selected by our editors. We may earn an affiliate commission from links. Earlier this summer, Anne Hathaway was snorkeling on the Valentino yacht off the coast…

Anne Hathaway celebrates her 𝐛𝐢𝐫𝐭𝐡day in two chic matching pyjama sets

The Devil Wears Prada actress celebrated her 42nd 𝐛𝐢𝐫𝐭𝐡day on Tuesday It’s safe to say that 42 has never looked better than it does on Anne Hathaway. To…

Leave a Reply

Your email address will not be published. Required fields are marked *