Giannis Antetokounmpo stashed his cash in several banks to avoid falling foul of the FDIC's $250,000 limit. Here are the NBA star's 7 best quotes about money and investing.
this week. The two-time NBA MVP, nicknamed the"Greek Freak," also championed investing and encouraged young people to put their money to work.
Here are Antetokounmpo's 7 best quotes about money and investing, lightly edited for length and clarity: 1."You give lots of millions of dollars to an 18 year old, they don't really know what to do with it." 2."When I went to the bank, I gave them my money and they told me, 'Just to note that we only insure $250,000.' And I said, 'Oh wait a minute, I definitely do not want to go back to where I came from, go back to the life that I had. I'm going to spread it around five, six, seven banks."5."My father never taught me about investing because he didn't know about it. Now it's the number one thing I'm going to teach my kids.
6."Don't be scared. My family didn't have money — the little they had they'd rather keep it under the mattress and leave it at that. Be courageous, take the risk, allow your money to work for you. Go out there, invest in things that you're passionate about, that you're interested in, that you want to learn about, and you want to get involved in. I hope my kids can do this at an early age because I did it when I was 25, 26.
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