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JJ Redick's Personal Finance Lessons From Duke Through NBA Retirement 

JJ Redick
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Thanks to SoFi, the Official Bank of the NBA, for sponsoring! Enter for a chance to win $10K: sofi.com/jj
In this special episode sponsored by SoFi, JJ Redick and Tommy Alter discuss JJ's personal finance lessons he learned throughout his basketball career from Duke through NBA retirement.
Subscribe to The Old Man and The Three podcast w/ JJ Redick (ESPN / First Take) and Tommy Alter RU-vid channel today for more NBA analysis, player interviews and highlights.

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13 фев 2024

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Комментарии : 227   
@zackerybarnett1890
@zackerybarnett1890 3 месяца назад
I have an undergrad degree in personal finance, an MBA and currently working on a Masters in Accounting. It makes me so happy to hear the success JJ has had and the fact that he’s found a trusted advisor.
@jacobbucio5039
@jacobbucio5039 3 месяца назад
Undergrad Accounting Major. good on you for learning the language, it is important. so many business people don't know ANY accounting, which is scary. I'm going into M&A financial due diligence/financial consulting
@jacobbucio5039
@jacobbucio5039 3 месяца назад
hearing someone like JJ talk about the finance side of the game is interesting asl
@Patch4Prez
@Patch4Prez 3 месяца назад
Whoa look out for the cool guy
@forthdimension686
@forthdimension686 2 месяца назад
​@Patch4Prez not being broke is cool theses days bruh
@Patch4Prez
@Patch4Prez 2 месяца назад
@@forthdimension686 ok
@CirocPapi
@CirocPapi 2 месяца назад
NOBODY talks about this, thank you JJ. This is another tally for the good guys 🤘🏼
@timothygrenier3065
@timothygrenier3065 3 месяца назад
This was a raw conversation about finances and there is a lot to learn from JJ, no matter how much you make.
@Aaronsolnelson
@Aaronsolnelson 3 месяца назад
I'm an accounting professor. I'm teaching MBAs and Undergrads who mostly care about other areas of business. I might share this with them as a good motivator to learn what they need to in my class to track their own finances properly and the business finances that they are running.
@truthbetold9703
@truthbetold9703 2 месяца назад
THIS NEEDS TO BE A SERIES! PLEASE.
@ColinCaptures
@ColinCaptures 3 месяца назад
Appreciate this episode thank you Jj and Tommy
@franktkf4022
@franktkf4022 3 месяца назад
JJ DONT LISTEN TO THE HATERS IN THESE COMMENTS‼️ REAL ONES IN HERE APPRECIATE THIS EPISODE ABOUT FINANCIAL ADVICE AND FINANCIAL LITERACY🔥🔥🔥💪
@krakken11354
@krakken11354 3 месяца назад
Love the last message. take ownership of your finances.
@Jkicka
@Jkicka 2 месяца назад
Thank you for this conversation
@blazingbold8707
@blazingbold8707 3 месяца назад
Way to keep the content diverse
@nathanjoyner5232
@nathanjoyner5232 3 месяца назад
I work in the financial advice field and I enjoyed this episode and thought JJ had some good thoughts and loved his mindset about money!
@jakemann6240
@jakemann6240 2 месяца назад
I love hearing stuff like this. I feel like JJ and a few others are the last people giving actual insights to the sports world rather than just hot takes
@T.Coscia
@T.Coscia 2 месяца назад
Fantastic episode. Thank you!
@purple12701
@purple12701 3 месяца назад
Really good episode regarding a tough topic. Financial literacy is incredibly important and being able to understand you financial situation is necessary for every person. Lots of good advice from JJ here that is applicable to many in America.
@brianatewes4850
@brianatewes4850 3 месяца назад
One of the best episodes so far. Coming from a finance mortgage geek over here. Well done, JJ and Tommy!
@Firefenex1996
@Firefenex1996 3 месяца назад
Great talk. Nba finance is a great topic that never gets brought up besides the cumulative contract earnings or when a player meants they are now broke.
@pastuv92
@pastuv92 3 месяца назад
This is awesome JJ! As an ex pro swimmer, finance and MBA grad, I am glad I could hear your side. All the best to you and your fam! ❤️
@Slow.Smooth
@Slow.Smooth Месяц назад
Can I pick your brain about swimming
@pastuv92
@pastuv92 Месяц назад
@@Slow.Smooth Yes sir.
@bri93227
@bri93227 3 месяца назад
So good. Tommy and JJ have such good chemistry also.
@marywiethe987
@marywiethe987 2 месяца назад
I love this episode for the reason that I hope the younger athlete watches it because it's you and they'll learn something and even approach you with questions about $$$.
@tylerbrewster6082
@tylerbrewster6082 Месяц назад
Loved listening to this episode!
@jennakenzie1
@jennakenzie1 3 месяца назад
Great podcast JJ, much respect.
@Luismolina12
@Luismolina12 2 месяца назад
Great episode!! JJ always on point!
@1quietminds
@1quietminds 2 месяца назад
🔥🔥🔥read and ask questions is all you have to do. Great episode
@A_Brion
@A_Brion 2 месяца назад
Loved this JJ, I don't usually comment. We should have more of these and even more advanced stuff sprinkled in since most don't have access to people like you do. And whoever thinks this only applies to professional players lacks financial knowledge and needs it the most. 💯❤
@shaynelee487
@shaynelee487 3 месяца назад
This is a sneaky great video. Nice symbiosis with sponsor needs and viewer curiosity.
@Saladicious_
@Saladicious_ 9 дней назад
Yeah this is a really scrappy, first in last one out type of video. Really good fundamentals.
@alanyoung159
@alanyoung159 Месяц назад
Great conversation!
@kevinmichaelllll
@kevinmichaelllll 3 месяца назад
Shout out to Adonal Foyle, Warriors legend!
@larrymorales924
@larrymorales924 3 месяца назад
Really Cool you talking about this
@carlinjames9475
@carlinjames9475 3 месяца назад
this is one of the best episodes - i've learned a lot listening to this.
@CoachMikeD
@CoachMikeD Месяц назад
Great Convo
@blas_de_lezo7375
@blas_de_lezo7375 3 месяца назад
This kind of stuff is clearly the best part of his podcast.
@peterjeong
@peterjeong Месяц назад
I like it when celebs and athletes show some of their finances like this. Thanks!
@Jaay.p
@Jaay.p 2 месяца назад
This might be my favorite episode
@Luieyy
@Luieyy 3 месяца назад
Incredible episode JJ. What you said starting at 28:34 speaks volumes! 👏
@tysonhutchins
@tysonhutchins 3 месяца назад
Don’t listen to these basketball sickos in the comments. I would listen to a completely separate podcast with “business of sport” related topics. This was EXCELLENT. Nice work fellas.
@thermitebanana
@thermitebanana Месяц назад
This is an excellent and important conversation. I love seeing players get properly compensated for the value they create, and i hate seeing former players wind up broke.
@InspireGodsPeople
@InspireGodsPeople 3 месяца назад
Great episode
@iziahnewsome
@iziahnewsome 2 месяца назад
Great content!!
@aarond23
@aarond23 2 месяца назад
According to basketball reference he made $117 million over his career...very nice
@bryan_turner
@bryan_turner 3 месяца назад
I love content like this. I've been interested in making sure my money gets properly invested my whole adult life. Hopefully it sets me up for an easier life down the road.
@illt3ck
@illt3ck 2 месяца назад
This is great!
@user-pz7hi5kt7p
@user-pz7hi5kt7p 2 месяца назад
Love this.
@paulshantz3904
@paulshantz3904 Месяц назад
pretty inspiring to hear an nba player talk about finances in such a down to earth way.....So much better than the "flashing bling" bullshit you see all over the media when it comes to professional sports...good job JJ...respect!
@larryricejr
@larryricejr Месяц назад
This was a gem!
@martinnovales
@martinnovales 2 месяца назад
Fire episode
@ka9202
@ka9202 10 дней назад
It wasn't pushy, it wasn't preachy, it was just right. It's something everyone can use. This episode is great!
@jaybee6382
@jaybee6382 3 месяца назад
Great video, people are too touchy about finances. Learn from those who were successful and be humble.
@TheM.P.B.
@TheM.P.B. 3 месяца назад
As a 26 year old, who will only ever dream of making the equivalent of a minimum nba salary, I was still able to learn and take tips from this video. It’s always nice when successful people are willing to share their financial and business experience. Thanks J.J.
@oujiphillips
@oujiphillips 2 месяца назад
EXCELLENT.
@ponderingfox
@ponderingfox 3 месяца назад
Oh wow, just noticed the channel crossed 1M.
@andrewl6136
@andrewl6136 3 месяца назад
congrats on 1 mil JJ.... let the cycle to 2mil begin!
@Beanthereseenthat
@Beanthereseenthat 3 месяца назад
Sofi def paid JJ to produce this… def an episode nobody expected
@frankari1414
@frankari1414 2 месяца назад
As an NBA active consumer, this podcast was really entertaining and interesting 🔥
@tropicalia12
@tropicalia12 2 месяца назад
JJ you are that dude. Love you man. Go Duke
@maxcorder2211
@maxcorder2211 2 месяца назад
To his point, “You have to INSPECT what you EXPECT”.
@andrewwylie5642
@andrewwylie5642 3 месяца назад
Great conversation! Wondering if JJ’s favorite word ancillary sicko?
@phillipbarlow9387
@phillipbarlow9387 2 месяца назад
Great episode. I think we're all heartbroken -- even though most of us can't imagine ever being "in their shoes" financially -- when we see news stories about professional athletes, who made millions...but are now broke, bankrupt, or even homeless. According to Spotrac, J.J. made $116,423,821 -- in salary alone -- during his NBA career. He'd make that in just 2-3 years, if he were in his prime today...but that's beside the point. Most of us wouldn't notice (since we rely so heavily on our phone or computer, when it comes to banking) -- if $5.00 or $10.00 went missing from our bank account. Translate that into J.J.'s world -- and if I were him, I'm not sure I'd notice if $10,000 went missing. So his point about "outsourcing" personal finances management is a good one. You wouldn't put a new roof on your house, if it needed one. And with rare exceptions, you wouldn't replace the engine in your car. Heck, lots of people "outsource" vacuuming their carpets to 'Merry Maids' -- and buying milk, bread, and eggs at the market to one of those 'app' companies. So hearing J.J. and Tommy talk about this, brings home the point: If you wouldn't try to install a new sewer system beneath your home, because you're not a professional plumber -- then it doesn't make sense (unless you study up, and become a C.F.P. or an accountant), to think you can do a "professional" job of managing -- and preserving for your children -- $116 thousand dollars, let alone $116 million. Thanks for doing this, guys.
@bennettgibson3738
@bennettgibson3738 3 месяца назад
Great video! Surprised at some of these comments
@gregh2367
@gregh2367 2 месяца назад
Me 2. Ppl think J's bragging but he's not. If you think a 15 year NBA vet is broke idk what to tell u. He's out here talking about the importance of this topic.
@carlowens9720
@carlowens9720 Месяц назад
Very interesting!
@daminaandres8921
@daminaandres8921 3 месяца назад
This is a good episode and shows JJ actually thought about his future. Lots of players don’t and end up broke. Look at Iverson. Made way more than JJ but still ended up going bankrupt. This just shows no matter where you’re at in salary you have to think about your financial future
@sandman1347
@sandman1347 3 месяца назад
In the past that was a major issue. Today's players are generally more financially savvy and the league does a good job of providing resources/help/advice. I'm happy to see that has changed dramatically in the NBA. The NFL on the other hand...
@STANKYCHEEZEMAYNE
@STANKYCHEEZEMAYNE 3 месяца назад
AI isn't broke lol and even if he does ever go broke he's got a $30+M Reebok account that's been gaining interest since 2001 that he gets in 2030 lmao he's fine
@Therealgrinc
@Therealgrinc 2 месяца назад
@@STANKYCHEEZEMAYNEhis ex wife gets half and he doesn’t get the interest FYI. He gets yearly payments from the trust and lump sum.
@DorianGroup82
@DorianGroup82 3 месяца назад
RPM on this episode is going to be through the roof 📈
@fanjeera63
@fanjeera63 2 месяца назад
Wow, really good one, well done! Would like to hear more internal stories from NBA that are not directly connected with playing. Unbelivable that the house you bought in Miami is still not worth as much you bought it for. Just bought my first home last year and a bit worried now 😂
@user-rf6gb5yq7n
@user-rf6gb5yq7n 2 месяца назад
Jj paving the way
@iBryanDBrown
@iBryanDBrown 2 месяца назад
Good talk! I never use to understand how entertainers/athletes even had a debt like a mortgage when they retired. By the time you retire from the league you should be totally debt free with money growing in your investments.
@jongoodman7448
@jongoodman7448 2 месяца назад
Great episode. Embracing the hell out of personal responsibility and obsession over details are the Duke way.
@MichaelLee-kw5xp
@MichaelLee-kw5xp 3 месяца назад
Gotta bring Adonal to the pod and have him talk about his philanthropy. ~P.S. Longtime GSW Fan.
@michelarosier1918
@michelarosier1918 2 месяца назад
Thank you, for sharing this information us, I'm personally not making NBA money. But, this was a over lesson to learn different of investment to set for the future.❤❤❤
@phase2re
@phase2re 2 месяца назад
Love this episode. Want more money? Then take ownership like JJ said. Read up on how it actually works. The Psychology of Money, The Richest Man in Babylon , Rich Dad Poor Dad and The Go Giver are a few. Then surround yourself with people who are ahead of you financially. The answers and pathways are out there if you want it.
@Rasul_BandY
@Rasul_BandY 3 месяца назад
uncut gems - pun intended
@Knickerbocker7
@Knickerbocker7 2 месяца назад
Great job JJ. I also would not trust others with a lot of those personal finance decisions
@cyberiagenesis
@cyberiagenesis 3 месяца назад
Y’know JJ, I just turned 23 and I’ve got exactly $15 right now and $25k debt on student loans plus I owe my trainer and gym memberships $4k altogether so I guess we all start somewhere.
@SAM17898
@SAM17898 2 месяца назад
You have a personal trainer?
@MightymouseB-gw1sw
@MightymouseB-gw1sw 2 месяца назад
Yea ur Fukin up a personal trainer is just another excuse to justify not been able to do it your self with out paying the 4k
@NSER164
@NSER164 Месяц назад
Check out Ramsey solutions
@youarehere1251
@youarehere1251 21 день назад
You better start figuring out your needs and wants.
@BettingNetwork
@BettingNetwork 2 месяца назад
I dont know about everyone else but I am shocked to hear that JJ is financially stable and was smart with his money. I thought for sure this would be another Antoine Walker situation
@user-vg8ht2fe8c
@user-vg8ht2fe8c Месяц назад
In any investment decision your process to get to it is way more important than the outcome
@bcloudengineers
@bcloudengineers Месяц назад
Very good financial principles here
@Dynomite611
@Dynomite611 2 месяца назад
I am a CPA and I always tell people everyone should understand simple accounting. If you are a kid and don’t know what to do in life. At a minimum, go to community college and get an associates in accounting. Community college is dirt cheap or free for most people.
@LordofLaughs
@LordofLaughs 2 месяца назад
I hope all athletes get to watch this free piece of great education. Stop with the 304's and insta models, that has no ROI
@Juked-
@Juked- 2 месяца назад
40 minute SoFi advertisement, great stuff!!
@andrewbradley4160
@andrewbradley4160 2 месяца назад
I drive a truck and only pay one state a tax but I’m driving in every state. Kinda odd that u got taxed working interstate
@SuperDerezzed
@SuperDerezzed 2 месяца назад
As a fan of professional Athletes I realize that I was not aware that They need to be proactive with their financial decisions. I'll see a contact for 4 years 28 million and think they're set. Live off the interest. But seems like there's so much more to it than that
@klariskb4497
@klariskb4497 3 месяца назад
Everyone is a financial advisor nowadays
@gravitykp7701
@gravitykp7701 3 месяца назад
40 minute commercial is insane
@brandonwhiteeagle9240
@brandonwhiteeagle9240 2 месяца назад
Are there former NBA players that ref NBA games? if not, then what is your reasoning they don't? This could help with finances in retirement. I know a lot go in to commentating in retirement but never see any stories on a former player reffing.
@AdmiredSensei
@AdmiredSensei 3 месяца назад
I waited to listen to comment but I didn’t pick that up from JJ at all
@javiergoyette5351
@javiergoyette5351 Месяц назад
What are you up to I can't leave it, keep videoing
@MelsDiner115
@MelsDiner115 Месяц назад
Glad to hear players are actually being financial educated but unfortunately most refuse to listen. Interesting people forget the need to pay taxes for the state you make money in. I see why big entertainers love residency in Vegas.
@FeelnLikeIDoEveryDay
@FeelnLikeIDoEveryDay 3 месяца назад
Foresight, forethought, foreshadowing 👍
@88bsthomas
@88bsthomas 2 месяца назад
Say real numbers JJ. Efff. We all know your rich JJ! Knowing your actual target amount and other numbers/details would have made this exponentially more interesting!
@tonyscott2329
@tonyscott2329 3 месяца назад
First of all, I’m a TarHeel bball fan. Secondly, I’m a huge JJ fan (waiting for UNC fans to beat me up.). In all honesty, I’m still waiting for JJ to miss a 3 whenever he played the Preds
@kobedelacruz8394
@kobedelacruz8394 2 месяца назад
Tommy always interupting the momentum of the conversation.
@Akronkangaroo
@Akronkangaroo Месяц назад
If you get big money in this country there's always someone trying to get in your pocket. Most people don't understand that
@joshnic6639
@joshnic6639 2 месяца назад
Compound interest…..1 becomes 2 becomes 4 becomes 8 becomes 16 becomes 32, 64, 128, 256….and so on.
@trav8787
@trav8787 3 месяца назад
All these chumps in the comments getting emotional cause JJ is a millionaire talking about money. Direct reflection on yourself if you react this way. Jealousy ain't gonna get you rich.
@ReignitedAuto
@ReignitedAuto 3 месяца назад
Clearly Kendrick Perkins doesn't feel the same level of guilt you do about obsessing over the NBA 😂
@bboygaf3384
@bboygaf3384 День назад
Barry who? Ritholtz?
@NoJustXusOfficial
@NoJustXusOfficial 3 месяца назад
Love your content, and there are some gems here but it seems like an unauthentic commercial.
@MichelePonte
@MichelePonte 3 месяца назад
The commercial can unauthentic, but the podcast is good
@NoJustXusOfficial
@NoJustXusOfficial 2 месяца назад
@@MichelePonte agreed
@colbydonnelly6515
@colbydonnelly6515 27 дней назад
All love here. Is that other guy trying to derail JJ ?! He’s not even listening he is asking prepped questions that aren’t really going with the flow.
@youarehere1251
@youarehere1251 21 день назад
50 million in Tbill, you should be fine.
@danielmorales1981
@danielmorales1981 2 месяца назад
It is crazy that even though u are successful in lots of investments, u will always remember the unsuccessful ones
@fatboyslimz
@fatboyslimz 2 месяца назад
Tommy needs to work on being more concise. asks questions in the most round about way
@TheAmonraul
@TheAmonraul 3 месяца назад
First of all, interesting video. Now, to me this mindset ilustrates greatfully how economics work (and if I may add, why it sucks). You earn money from your work but you are expected from young age to invest it and generate more. And more. And more. Of course, through investing, thanks to real estate, to stocks... Elite ahtlets became really quickly in elite thanks to (here it comes) capitalism. Why not enjoy just the money that you earn for your work, which is more than enough to have a joyfull life? Why more and more and more?
@Nick_MyName
@Nick_MyName 3 месяца назад
generational wealth.
@sadfasde3108
@sadfasde3108 3 месяца назад
No one is forcing you to earn more money. But eventually you will be physically incapable of making money (or just don't want to work) so you will need to have money saved to pay for food.
@TheAmonraul
@TheAmonraul 3 месяца назад
@@sadfasde3108 the amount of money that an elite athlete makes in his career is more than enough to have a pretty good life. Furthermore, even when their sports careers are over, they can work, for example, as comentators, which also grants them a good amount of money. So I don't get the investment thing besides a "shark capitalistic" mindset, which I see as profound socioeconomic problem, to tell you the truth.
@DRE1912
@DRE1912 2 месяца назад
@@TheAmonraulso you are advocating people to spend all the money they receive? It seems a contradictory position on your part, when you complain people wanting more. People invest and save for a rainy day, you don’t need to spend everything you make. On top of that, The most useful thing that money can bring you is freedom. If you live paycheck to paycheck, regardless of the amount of money you have… are you really free?
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