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How an NBA All-Star learned to be smart about money


Draymond Green has a big financial goal: to become a billionaire.

The NBA All-Star, who plays for the Golden State Warriors, made $850,000 as a 22-year-old in his debut year in the league. He later signed a five-year deal for $85 million, according to published reports.

For Green, like many other professional athletes, coming into that kind of money at such an early age had its challenges.

"I liken it to hitting the lottery," said Marc Minker, who has worked with professional athletes and is the lead managing director at CBIZ MHM, a New York-based national accounting and professional services firm.

"Even if it's league minimum, it's still a lot of money really quickly compared to the normal. Very often, you have an ability to walk before you run; that doesn't work in this context."

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Julian Schubach is an Investment Advisor Representative of Nosuris, Inc., a New York State Registered Investment Advisory. Investment Advisory Services are offered through Nosuris, Inc., a NYS Registered Investment Advisory. Please visit www.Nosuris.com for additional disclosures. Check the background of this firm on FINRA’s BrokerCheck.

©2016 by Julian Schubach