While you’ll likely never play like Michael Jordan, you can invest like him. Here are three money tips from the greatest basketball player of all time.
- Manage your risk. Michael Jordan was never dependent on basketball for income. Jordan made $95 million playing basketball, but he’s worth over $2 billion. He accomplished this by nurturing multiple income streams.
- Control your spending. Jordan has been trying to sell his Chicago mansion for 7 years. Overspending on luxury can come with hidden costs like property maintenance and taxes.
- Big bets can pay off big time. Jordan invested $175 million in the Charlotte Hornets. They are now valued at over $1 billion.
You don’t have to be an NBA star to invest like one…
Market Recap Week of 10/25/2021 Through 10/29/2021 – Daily Flash Briefing