Thanks to his stellar career in the NBA, as well as his other money-making ventures, Jalen Rose reportedly has $60 million in the bank, according to Celebrity Net Worth. This figure seems to suggest he’s both good at making money and managing his fortune.
For those who would like to learn a thing or two from the wealthy former basketball player, Rose once offered up “a lesson on bills and how to manage them, after going into [debt] and owing people money.” During a chat with ESPN, he shared, “You don’t have to learn the intricacies of the stock market, and you don’t have to learn the gives and gos of all the things that people do for a living, but what you have to learn this basic information.
As for the “basic information” Rose mentioned? “Know how much your recurring bills are,” he said, adding that you shouldn’t let anyone else have control over the payment of your “bills that are going to fluctuate, like your credit card bill or just miscellany expenses that come up.”
Although Rose’s advice was directed at fellow stars who employ other people to manage their finances, being conscientious about spending habits is probably a good rule of thumb for everyone.
Written by: Nicki