In an exlusive interview with Wealthsimple this week, Golden State Warriors veteran forward Andre Iguodala opened up about investing and what he believes is the difference between being rich and having wealth.
Iguodala revealed that a lot of the locker room talk between Warriors teammates is centered around business opportunities and investment advice amongst one another.
“A number of my Warriors teammates — Stephen Curry, Draymond Green, JaVale McGee — are into investing and tech. But we never look at it as a competition. We inform each other of what’s going on,” Iguodala said. “We have a lot of conversations. I learn something from all of those guys. Steph was having a conversation about net neutrality one day, and I wasn’t as caught up on it. He got started on it, and I was locked in, because he did his homework!”
After he was selected No. 9 overall in the 2004 NBA Draft out of the University of Arizona by the Philadelphia 76ers, Iguodala's first contract was worth about $9 million and is grateful that some of his teammates taught him how to be smart with his money early on.
“I had a few veterans who were really smart with their money (who were mentors). I mean, they had nice contracts, but in the scheme of the NBA, they were on the lower end,” Iguodala said. “I asked a lot of questions, and they got me into good habits early. I think it’s always important for young athletes to position themselves with the veterans who are professionally and financially savvy.”
With what he has learned over the years in the league, he still wants to pass his knowledge along to those who are willing to listen and apply it to their lives.
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