If You was in the nba and you just sign your first contract
what would you buy, or do with your money.
with me. i would thank god first.
then i would open up a few bank accounts.
then i would buy my parents a house, then buy myself a house, give back to the community especially the kids and homeless people, invest in something,
id give the whole damn thing to my parents !
Buy a house. Take care of my mom. Maybe fork out a little for some family and friends. Buy a car. Put as much as I could into a saving account so I don't spend it all. Making investments is smart, but I would wait until I got a little more money in my second season before I started investing it.
My first house and car would be pretty humble.
with me. i would buy like a house thats not too big and expensive and i would get only one car for now.
I'd be extremely thankful. i'd payoff home, sell it, use that towards a much nicer house...in cali..or miami.. with a kicka$$ security system. Then I'd tell my family to not work for a year and give them 50,000 salary instead. and then i'd pay for them to get a college education.
next, i would buy some new decent vehicles for each of us, around 50,000 each, full warranty and coverage.
next, put the rest into an account. no investments. however the nba pays you..which i believe is either per game...missing it or not...or every 2 weeks. my sophmore season, i'd tell the family to take another year off and go to college..and pay for that again.
to be honest, i think i'd be afraid to have millions to spend. most people lack self control.
id buy two cars. a Ford GT and a sweet eleanor . then i would take a long cruise and have plenty of time to think about what i would do with the money
I'LL PUT MOST IN THE BANK..MAKE SOME INVESTMENTS...GET 3 CARS...THEN FIND ALICIA KEYS & THE CRAZY HOES ON REAL CHANCE OFLOVE 2AND WEAR THEM ASSES OUT...
1st - Start a Bank Account
2nd - $100,000 to parents
3rd - new house in Miami
4th - BMW 3 Series Convertible and Chevrolet Tahoe
5th - Make a investment
6th - Shoe Shopping
Buy a private island near Tokyo.
Pay off fam.
1. pay off my student loans
Then again if I was good enough to make the NBA I probably wouldn't have had to pay for school.
Am I a top pick? If so I'm getting at least 3 million for my first year. I give one million to my parents. Buy my house and car. Save some money and the rest of my family, (Grandparents, Siblings, Uncles, Aunts, and Cousins) get something nice.
If I signed my 1st contract, I would honestly go to Cold Stone and get the Birthday Cake with Gummy Bears and Sprinkles. lol. I just absloutely love ice cream. But after that I would:
1. Save about $500,000
2. Give about 50,000 to my HS athletics program
3. And spend the rest on necessities (house,food,clothes) and leisurely things.
I would buy NBA 2k10
What he said^