Articles

NBA All-Star Draymond Green On Managing Money | Kneading Dough, S.1, Ep.1

March 5, 2020


[MUSIC – JAY Z, “DEAD PRESIDENTS
III”] High school graduates,
straight to the league. I ain’t waitin’ for
my knee to blow. Yesterday I was
needin’ this dough. Get it? I was kneadin’ this dough. Drey, what up? What’s up? As an athlete, you
guys’ life is flipped. You guys make the most
money you’re ever going to make at a very young age. The fact is, most people
are going through college at that time. But you at 23 are
making decisions of how to manage
hundreds of thousands and millions of dollars. What was that like when
you first got to the NBA? Man, coming out of college,
I was the second round pick. So my first year
salary was $850,000. Now, in the grand scheme of
things, that’s a lot of money. To make $850,000, you’re still
in the top what, 1% of America? And so it’s a lot of money. My first year, I didn’t
hire a financial adviser. I said, I’m going to
do this on my own. I want to learn
how to pay bills. I want to learn how money works. And if I screw it
up, I screw it up. Because at the end of the
day, I’m 22 years old. I can’t live the rest of
my life off this $400,000 I’m going to take home anyway. But I can teach
myself about money. Were there people and financial
advisers and money managers coming after you when
you got in the NBA? Absolutely, there were a
ton of people coming at me. And the one thing I
didn’t want to do, and it may be frowned
upon, maybe not. I didn’t want to go with a guy
who had a bunch of league guys. I wanted to go with
someone who thought bigger picture than just how to
manage this NBA player’s money. I wanted to go with
someone who’s managing the billionaire’s money. Because maybe they’re doing
something a little bit different than I am. Exactly. As an athlete, you have
to have a lot of ego, a lot of toughness, because
you’re going to go on the floor every night and compete with
Anthony Davis and Big Cuz and LeBron and
Russell Westbrook. That takes a lot of
fire and ego to do that. But then when you
step off the court, is it hard to put that ego down
and come off as unknowledgeable or ask questions about
things you don’t know about? Well, not for me, and there’s
a couple of reasons why. One reason is I don’t
ever want to go back to where I came from. As much as my mom and
my dad did to make sure I had a great life,
and to make sure every need that I had was met,
times were still hard. So I never want to
experience that again. I never want my kids to
experience that again. And my dad used to always tell
me growing up, ask questions. Well, in order to not be
afraid to ask those questions, you have to be
comfortable with yourself, comfortable with your own skin. In the locker room, is there
conversation about money, investments, and I bought this? Maybe within your locker
room, but also as you guys look at other athletes
and other basketball players specifically. The biggest competition
in our locker room when it comes to that type
of stuff is the investments. Of course, because you
guys are in Silicon Valley. And you guys are all meeting
the VCs of the world. They’re in the front
row of all your games, those people in
the tech business. Absolutely. So that’s big in
our locker room, and I’m fortunate enough
to play on a team, not only are we
good in basketball, but some smart guys. We all talk about the
investments that we have and how they’re doing. Some of the startups
you’re trying to get into, or you’re looking at. And you kind of just
ask a guy like, hey man. Deal you in. Obviously it’s known
that KD’s in Postmates. He’s doing very well. Congratulations to KD. And he kind of flexes his
muscles on Postmates right now. And it’s good, fun competition,
friendly competition. And I think it’s great
to keep pushing guys in the right direction. As a man thing in
business, I think about it. I’ve talked to other men. I talk to guys who
are billionaires who think about it, who go
oh yeah, I got a number. I got a number I want to hit. It was like an ego
thing, because for a man, we live off ego, and that’s
kind of our scoreboard in life, like what’s your net worth? Do you think about that now? Is your new number like,
what I want to get to? Absolutely. Obviously the goal is always
to get a million dollars. Like man, if I could
get a million dollars. Yeah, and when you’re coming
from nothing, if you’re like, it’s over. If I get a million it’s over. I don’t got to do nothing else. I might just quit life
and just stay home. A million dollars. Now for me, I want
to be a billionaire. That’s my thing. So I want to be a
multibillionaire. I don’t have an exact number. But I just want to be
a billionaire first and that’s my goal, and I want
to do that by the time I’m 40. Tough task for sure. But I think I can reach it. And so every day,
every decision I make, is how is this helping
me become a billionaire? So along the way,
getting there, you’re going to have to make some
really good decisions, right? You’re going to think things
through the people you trust, the things you invest in. Is there something
to this date that’s a business decision
that sticks out to you that’s like, that
was a great decision I made to this point? A couple of investments that
I’ve made are like, all right, those were great decisions. I think the most important
decision I’ve made is just surrounding myself
with the team that I have. On the flip side, is there
a purchase or something you bought that you look back
and go like, that was stupid, why the hell did I buy that? A $21,000 night in a club. I woke up the next
morning like– Did you have a blast? Yeah, I had a blast for sure. I could’ve had a blast
for $4,000, though. So yeah, I woke up the
next day, like what? That’s $21,000 I
can never get back. And one thing people don’t
realize is, they say, that ain’t nothing to you. $20,000 is still $20,000. I don’t care how much money
you have, it’s still $20,000. But there’s a chance
you drink too much and the memories get erased. I still remember, I
remember that bill, I remember everything
like it was yesterday.

You Might Also Like

100 Comments

  • Reply mrstanbmw February 17, 2019 at 6:42 pm

    I'm so proud of Lebron he trusted his boys and said these guys can do what the other folks on the other side of town can do. Look at them now, Phil Jackson called them Lebrons posse, he was trying to marginilized these guys now they are household names in the sports and marketing aspect of the game.

  • Reply Rupinder Singh April 7, 2019 at 2:29 pm

    He can start saving money if he stops getting fined by the NBA and getting all those techs

  • Reply angkur rongpi April 21, 2019 at 5:32 am

    Great to see black athletes engaging more into investments and taking good financial decisions.

  • Reply Can Sergen VARAN April 22, 2019 at 8:22 pm

    Don't get caught up in no throne, silver and they gold, ain't never saved a soul.Allah is in control

  • Reply Larry Watson May 7, 2019 at 5:21 am

    These niggas sounds like twins

  • Reply T2HeadedEagle May 8, 2019 at 8:34 am

    He should be talking about managing his dirty plays. That's right, I said it.

  • Reply TheBigOakTree May 8, 2019 at 11:01 am

    Good interview because it is necessary to see those [of us] with bank making smart decisions with their money especially for the reason that most of us normal [non super star athlete, movie star, rap star] will ever have money like that. So it is essential to make exceptional decisions with the money and incomes that we do have.

    On the flip “Ego” and “Ego Drive” is such a potentially destructive, even dangerous locus for the base of self. It disorganizes the higher constructive states of self that are ingrained in most every human being from birth; altruism, character, community, healthy self awareness, empathy, compassion etc. When speaking about money money shouldn’t be the most important thing, or the second most important thing but rather a plethora of other individual and communal characteristics that go to shore up our physical presentation of our place in the world on a much more righteous level.

  • Reply MEpp34 May 10, 2019 at 10:01 pm

    Dray, can I please get my pants back? (I'm 5'8")

  • Reply ESP.Fitness May 12, 2019 at 4:01 am

    These interview are so lame! Egos are for suckers. I confident man is a confident man on and off the court. Maverick is a sucker!

  • Reply Jaelin Dejon May 12, 2019 at 10:56 pm

    "$20k is still $20k! Idc how much money you have" 😂

    Gotta love Draymond for keeping it real lol

  • Reply Jo Cam May 13, 2019 at 7:28 pm

    Greedy, selfish athletes who are rich because of poor people watching them.

  • Reply William Dunston May 14, 2019 at 5:10 am

    Show me a capitalist and I'll show you a bloodsucker.

    Malcolm X

  • Reply Hakeem Johnson May 14, 2019 at 11:26 am

    Black athletes black music artist are learning from mistakes made by their predecessors. When I was young many athletes / musicians were not as articulate or financially astute as today's athletes.

  • Reply Jaybriel Akoi May 14, 2019 at 3:34 pm

    Billionaire by 40. That’s ambitious but possible. I hope he makes it.

  • Reply Matthew James May 14, 2019 at 5:26 pm

    Buy as many items that depreciate in value as quickly as possible. Dwayne Haskins signs a $14,000,000 contract with 8.7 u9 front and immediately runs out and buys a $400,000 Bentley. Absolutely brilliant

  • Reply Niners 21 May 14, 2019 at 8:50 pm

    I'm happy he wants to be a billionaire but I mean with his attitude not going to happen

  • Reply Rheal Nyce May 15, 2019 at 1:31 am

    Draymond recently dropped over 300k on an engagement ring, so I’m guessing his investments are doing well.💸💸💸

  • Reply George Parker May 15, 2019 at 12:04 pm

    One of the smartest players in the league, much love to Dray

  • Reply AWAWA BO May 15, 2019 at 3:44 pm

    He's right though lol 20k is still a lot of cheese

  • Reply Nathan Taylor May 16, 2019 at 4:11 am

    They sound the same…vocally

  • Reply wondu xx May 16, 2019 at 2:42 pm

    "I could have a blast for 4,000". That's the money I made in 3 months Mr. Green.

  • Reply Edward Ramos May 16, 2019 at 9:34 pm

    Rubba banzzz

  • Reply deonfenbauer comments May 17, 2019 at 7:00 am

    Axe questions ? Many take some classes with that money?

  • Reply Charlene Walker May 17, 2019 at 7:56 pm

    good interview

  • Reply Charlene Walker May 17, 2019 at 8:06 pm

    5:34 you are welcome

  • Reply Russell Mills May 18, 2019 at 4:32 am

    Only if all so called black people thought like this and came up with ideas with each other and trusted each other more then we would all have wealth for centuries. And on a side note I have a you tube channel type in Russell Mills May 22, 2017.

  • Reply Chet Duke May 18, 2019 at 1:26 pm

    Why Draymond wearing a straight-jacket?

  • Reply blacklivity May 20, 2019 at 1:18 am

    Look at those legs🤩

  • Reply pmh1nic May 20, 2019 at 10:47 pm

    Tremendous athlete with a business mindset that won't end up being one of the stories you too often hear about, losing everything because they didn't manage their money wisely. He seems like a well rounded young man.

  • Reply Jacqueline Perry May 21, 2019 at 10:09 am

    Why invest millions at a time that’s crazy if you have money start small like ten to

  • Reply Jacqueline Perry May 21, 2019 at 10:11 am

    Folks that invest millions are crazy just small money like 10 or 100 thousand and see how that work out and go a little higher never millions unless your buying a business.invest millions at one time gonna be taken to cleaners.

  • Reply leeyongjie 1123 May 21, 2019 at 3:55 pm

    didn't expect this DG know how to manage his financial quite well….

  • Reply leeyongjie 1123 May 21, 2019 at 3:57 pm

    a billioner before 40th…. good on u

  • Reply FlexWheeler2nd May 21, 2019 at 7:59 pm

    This is good to see and hear. Too many young people look up to celebrities and athletes who live for the moment, where their whole life and identity are in their possessions. So they buy and buy because they have no vision and hope in a future, but just live for the momentary pleasures. Good to see young people think about their kids and even their kids’ kids!

  • Reply SEAN Keenan May 21, 2019 at 8:12 pm

    Now if the rappers could get up to speed…

  • Reply Ramon Moses Paras May 22, 2019 at 1:11 pm

    This guy is more than a genius.

  • Reply Elaine Anderson May 22, 2019 at 2:57 pm

    Ask questions. Allot of people don't like it when a person ask questions which let's me know a person is hiding something.

  • Reply lets go champ May 22, 2019 at 8:06 pm

    Rule number 1 don't marry

  • Reply Gold Diamond & Jewels GDJ May 22, 2019 at 10:42 pm

    Draymond is rubbish if he is not dating or married to a Black woman. Sports stars have to show leadership.

  • Reply Nate Filmz Production May 23, 2019 at 1:53 am

    They sound simliar 😂

  • Reply Ramon Rivera May 23, 2019 at 1:57 am

    Make plans for the after life where the MONEY WON'T HELP YOU, WE NEED THE MONEY YUP , BUT WHAT ABOUT INVESTING IN ETERNAL LIFE 🤯😬😇 UFF !!!3💨💨💨

  • Reply Bossman May 23, 2019 at 8:47 pm

    Lol did he say he cant live on 400000 dollars lol. 850000 after taxes is 425000 but if you have a good tax guy you get to keep more. Its still 1 percent of earners. These ballers get so much money then a true hero gets 45000 a year. He wants to be a billionare why stop being greedy. Rich people get a real sickness of getting more money and being cheap. 20000 lol cheap rich people I encountered alot of them

  • Reply Barry Block May 24, 2019 at 4:33 am

    When his career is over he will be a GOAT to ever play the Front Court positions yet undersized knows how to use his strengthens against the biggest names in the game.. Long Live MoneyBaggs Green!! Without him there is no dynasty

  • Reply Mahmoud Badreddine May 24, 2019 at 11:40 pm

    "I want to be a billionnaire". What a horrible thing to say. Know that when you're a billionnaire, many people got poorer. It's a finite planet, with finite resources.

  • Reply Jamieson Poirier May 25, 2019 at 1:41 pm

    Propers to Draymond Green. Good at bball, and good at life. Keep up the good energy!

  • Reply GusTV May 26, 2019 at 4:41 am

    6:00 that’s a humble mindset

  • Reply Friday’s are cool May 26, 2019 at 5:13 pm

    Honor the Lord with your wealth,
    with the firstfruits of all your crops;
    then your barns will be filled to overflowing,
    and your vats will brim over with new wine.
    Good to see Draymond not being arrogant about money. Always honor God with what we he has given us.

  • Reply Mo Betta May 27, 2019 at 12:05 am

    Everyone talks about Draymond wouldn't be anything without the Warriors, blah blah blah. If indeed this is the case, salute Draymond for capitalizing on his situation to the max.

  • Reply Dewayne Anderson May 27, 2019 at 6:18 am

    Anthony Davidson??? 👀 at 2:05. He must means Anthony Davis 😝😝

  • Reply K_Lo M May 27, 2019 at 9:39 am

    👏👏

  • Reply Michael Mathis May 27, 2019 at 1:26 pm

    Smart brothers Maverick Carter/Draymond Greene. I'm all for financial literacy. Never let another man/ women count your money.

  • Reply T Mill May 27, 2019 at 1:38 pm

    Respect

  • Reply Rulx Laugdier Jean Charles May 27, 2019 at 3:42 pm

    i can't manage my money because i have to many people to help.they call me every weeks every months asking for money that's make me a weaker persone cause i can't say no to them now I'm trying to fixe that probleme and I'm doing great i spend less now. thnks for the sharing that's hepl me a lot.but i still need more advise

  • Reply Joe Accountant May 28, 2019 at 3:03 am

    Drop me a line…grew up on West Philly area….www.jphcpa.com.….i keep it real and clean

  • Reply Joe Accountant May 28, 2019 at 3:04 am

    21,000 deduct as a promotional expense.

  • Reply Onesufi johhnybgood May 28, 2019 at 4:22 am

    Forget finances bro learn about life and how it has gold diggers chopping at the bits for suckers like you.

  • Reply Kamau Quiet Warya May 28, 2019 at 4:54 pm

    Thats crazy. Ive seen my homie in atl throw 20k in the strip club about 3 times in an 8 week span

  • Reply highsocks91 May 28, 2019 at 5:19 pm

    "I wanna be a multibillionaire" jeez dude chill, you're an athlete with no education…focus on monetizing that while you can..

  • Reply ahmed abdullah May 28, 2019 at 8:04 pm

    I wonder who was the first pick before Draymond Green and does he have 3 championship rings going to the NBA Finals five years in a row with a potential fourth championship ring with his team Golden State Warriors in the NBA Finals versus Toronto Raptors🏀

  • Reply Got Game May 28, 2019 at 8:31 pm

    im glad he knew he was taking home $400,000

  • Reply City of Angelz May 28, 2019 at 10:27 pm

    He will be a Hall of Famer at the end of his career.

  • Reply Karen Rodriguez May 29, 2019 at 6:50 am

    KD is in Postmates?? hey man, deal me in! go Draymond, enjoy you and all you Warriors. always put on a good basketball show, and are all remarkably pretty boys too.

  • Reply Sensai Vers May 29, 2019 at 9:05 pm

    Never thought I'd thumbs up a Chase bank video 😂

  • Reply Franklin Beale May 30, 2019 at 12:11 pm

    These two dudes sound too much the same. I put the phone down – I can't tell who speaking at tines.

  • Reply Ronald Hawkins June 1, 2019 at 8:56 pm

    Why does this brotha look like a half wrapped mummy?

  • Reply Dee Dee's House The Oakland Winfrey June 4, 2019 at 10:19 pm

    https://www.youtube.com/watch?v=jVtS2Iqnkfc

  • Reply aaliyah thomes June 5, 2019 at 11:28 pm

    lol they both sound just alike

  • Reply Steven Brown June 9, 2019 at 8:31 pm

    Respect

  • Reply FreedomForce100 June 9, 2019 at 11:55 pm

    Stop talking ego. It's about what you do for the others and how grateful you are. Decide what is enough and be happy with it. Chasing more money leaves you looking for more instead of living in the moment .

  • Reply Don Buckles June 11, 2019 at 9:37 pm

    SAGINAW BABY!!!!

  • Reply Kevin Defosso June 11, 2019 at 10:44 pm

    Where can I find the exact instrumental please folks?

  • Reply Him Bike June 12, 2019 at 1:18 am

    Dave Ramsey 5 money rules
    • written budget
    • get out of debt
    • live below your means
    • save
    • invest

  • Reply Yatta Robinson June 12, 2019 at 3:26 am

    Major keys in this conversation
    Hope he reach his goal at being a billionaire by age 40

  • Reply Natalie Walker June 12, 2019 at 12:48 pm

    this was very interesting

  • Reply Margie Chambers June 12, 2019 at 1:20 pm

    What is he wearing and how much did it cost

  • Reply Jonny Boy June 13, 2019 at 9:44 am

    And don't marry a THOT please brothers!!!

  • Reply Jerome B June 13, 2019 at 12:39 pm

    Good information for anyone

  • Reply Mehdi Ould Kherroubi Hacine-Bey June 14, 2019 at 4:50 pm

    Really interesting and relevant questions. Peace,

  • Reply DropSixteenTV Tv June 17, 2019 at 7:05 pm

    These guys can literally buy 2 or 3 apartment complexes outright and be making 100-200K until death. Just off a few investments.

  • Reply danny joseph July 4, 2019 at 10:03 pm

    They sound exactly the same as far as voice

  • Reply Western_African _King July 11, 2019 at 8:02 am

    Song name ?

  • Reply Kern Regis July 12, 2019 at 12:19 pm

    Big up to the wise black athletes doing their thing☝☝

  • Reply Christian Costello July 21, 2019 at 2:03 am

    Draymond's portfolio beat KD's thats why he left.

  • Reply Tiger Woods July 31, 2019 at 9:31 pm

    Blew 21 thousand dollars in club and i dont even have 10 dollars on me

  • Reply USMCPFC1 August 7, 2019 at 7:47 pm

    Shidt, I hope I make it to a mil before am 40.

  • Reply Roberto G. August 31, 2019 at 4:17 am

    That intro tho!

  • Reply ILC Summit September 26, 2019 at 2:42 pm

    Rule 1: prenuptial agreement

  • Reply Aaron Joo October 26, 2019 at 8:26 pm

    How you gonna be a billionaire when your club got you at a discount?🤔

  • Reply Kevin Schart October 27, 2019 at 9:56 pm

    casually blows 20k in the club, then rants about how much it hurt him. avg person can't even blow $200 dollars in the club. ask him if 200 is still 200.

  • Reply RobertDawg October 27, 2019 at 11:42 pm

    He’ll never be a billionaire

  • Reply kbk011 October 29, 2019 at 5:20 pm

    I don’t like how this guy keeps talking about ego. Ego is not a good trait to have. Stop making it seem like every dude has a huge ego. Some people are humble and appreciate what they have is a blessing.

  • Reply King Allotey October 31, 2019 at 12:55 pm

    These dudes really sound like the same person lol

  • Reply Jack Sadaka November 4, 2019 at 9:10 am

    No draymond… Nobodys buying a bil worth of ur shoes

  • Reply Zach Gonzales November 7, 2019 at 3:37 am

    These guys have almost the same voice.

  • Reply Deposits November 7, 2019 at 3:11 pm

    Be Smart With Your Money Cars,Clothes, Jewels & Chasing Women Are Bad For The Bank Accountant

  • Reply Sid Michael Fajardo November 20, 2019 at 2:58 am

    How did he manage money? He said he doesn't hire financial advisors.

  • Reply Martin ‘The Lender’ Davis, Mba [Like and Subscribe] December 2, 2019 at 4:31 am

    He should consider the money he spent on that shirt as a loss lol

  • Reply Rufina Ndongo December 7, 2019 at 6:05 pm

    Hubby is a great fan of this athlete. Our son is called Draymond. Proud of you, Mr Green.

  • Reply dsetgetatme December 8, 2019 at 10:10 pm

    Smart investments, learned from past financial mistakes and having a smart network of guys to make moves with…much respect to Draymond Green

  • Reply Hankerson Photography & Video January 5, 2020 at 8:17 pm

    This is a really cool concept. I think this could really help the younger generation. Learning from their role models.

  • Leave a Reply