The NBA is a very lucrative business and the millions that the athletes in the league make are a testament to that. Many of the NBA’s top stars are individuals who started with little to no money. With their talent and perseverance, they made it to the big leagues where they minted money. James Harden is surely on that list of athletes. However, with a net worth of over $74 million, Harden doesn’t always come off as the one with the best financial decisions. The 33-year-old has a reputation for spending millions in strip clubs.
Despite that trait, Harden’s heroic come-up story can never be diminished in its value. Although Harden has always been very vocal about financial literacy, his motive at this point in his life is to give back as much as he can to his family.
James Harden talks about creating generational wealth and sustaining financial freedom
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The Philadelphia 76ers guard is one of the most popular athletes in the NBA. In his 14-year-long career, Harden has grown into a superstar in his own right. Although The Beard is yet to add an NBA championship to his resume, he has once again reached very close to the dream with the 76ers this postseason. Currently, the Philadelphia team is tied 3-3 with the Boston Celtics in the Conference Semifinals. With one more game to go in order to advance to the Finals, Harden could soon end up lifting that NBA trophy. After all, this year’s MVP, Joel Embiid is in his team and Harden himself has been in good form recently.
The 10x NBA All-Star was recently in a conversation with Awoye Capital‘s Jordan Awoye. The two discussed Harden’s coming up in the league and rising to star status.
Harden said that since he is the first one in his family with this type of wealth, he had to learn every bit of money management he knows today. Furthermore, Harden said that having money “is like a new world”. He said that with money by your side, “You’re able to do things that you never dreamed of.” The 2018 MVP said that it is not only about how much you’re already making but rather how much more money can you continue to generate.
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Harden added that he has been involved in teaching people the value of money and how to manage it better for a long time.
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The NBA veteran then went on to explain why it is especially important for athletes to understand financial management. He said that an athlete’s career is short-lived, which is why financial literacy is very important. He added that even at a young age, an athlete should think about the creation of a “generational wealth” and how they will continue to provide for their own people.
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