Drew Brees Net Worth

The 2017-2018 NFL season came to an abrupt end this past weekend for the New Orleans Saints.  They appeared to be well on their way to a victory and play in the NFC Championship game until the Minnesota Vikings scored a touchdown on the last play of the game.  The Saints were led by stellar quarterback play in the second half from their leader Drew Brees.  Brees just finished up his 17th season in the NFL.  The majority of his career has been spent in New Orleans.  The completion of this past season has made Drew Brees a free agent, but many expect for the Saints QB to return.  Due to his successful NFL career, Drew Brees net worth sits at $80 million.

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Drew Brees

Drafted in the early second round of the 2001 NFL draft, Brees spent the first five seasons of his NFL career with the San Diego Chargers.  The Chargers selected Brees after a successful college campaign he had at Purdue.  A three year starter, Brees threw for 90 touchdowns and nearly 12,000 yards during his college career.  Upon being drafted in 2001, Drew Brees signed his first NFL contract which was for four years and worth $3.6 million.  Solid play eventually led him to reach a deal with the Saints after his fifth year in the league.  This deal and subsequent deals would eventually lead to the rise of Drew Brees net worth.

Brees has had a very successful NFL career to say the least.  He led the Saints to their first Super Bowl in franchise history in Super Bowl XLIV and was named the MVP.  He is an 11-time pro bowl selection to go along with a plethora of other awards from the league including the Walter Payton NFL Man of the Year award in 2006.  He is currently third in all-time passing yards with over 70,000.  He will most likely gain the lead if he is able to play at least one more season which he plans to do.  His 488 passing touchdowns tie him for third all time.

Because of his on the field success, the majority of Drew Brees net worth comes from his NFL earnings, which are nearing $200 million.  If he hopes to eclipse the $200 million mark for net earnings he will have to ink a deal this offseason.  Brees is currently an NFL free agent, but many expect him to resign with the Saints sometime in the near future.

Brees is married to his college sweetheart and the couple has four kids together.  Brees and his wife are very involved with the New Orleans community and in 2003 they established the Brees Dream Foundation.  The foundation does a number of charitable acts including support for cancer patients and also helping with rebuilding efforts after Hurricane Katrina.

 

Draymond Green’s Net Worth

We are almost halfway through the 2017-2018 NBA season and the best record belongs to the Golden State Warriors.  While this doesn’t come as a surprise to most, the Warriors and their All-Star roster of players have continued their stellar play that led them to the 2017 NBA Championship.  One of the player’s who is key to the team’s success is their starting power forward Draymond Green.  At 6′ 7″ and 230 pounds, Green is a physical player who has recorded over 80 double doubles in his five and a half year career.  A two time NBA All-Star, Draymond Green’s net worth tops out a t $17 million.

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The 27 year old NBA star was born and raised in Michigan.  He led his high school to back to back state championships before accepting a scholarship offer to play college basketball at Michigan State.  While at Michigan State, Green developed into the team’s best player, averaging a double double in his senior season.  The Golden State Warriors used the 35th overall pick in the 2012 NBA draft to select Green as a member of their squad.  His second round selection came with a three year deal valued at $2.65 million.

In his third season with the Warriors, Green emerged as a full time starter for the team.  It was in this third season that he averaged nearly 12 points and seven rebounds per game helping lead Golden State to the 2015 NBA Championship.  Recognizing his emerging talent, the Warriors and Green agreed upon a five year contract extension worth $82 million.  It is this most recent contract that has allowed Draymond Green’s net worth to increase over the past two years.

From our analysis, Draymond is more than worthy of his large contract he signed back in 2015.  Since signing the contract, Green has been named an All-Star in 2016 and 2017.  In addition to this, he has also made the NBA All-Defensive First Team the past three seasons.  Green is a two time NBA Champion who also is a gold medal recipient while he played in the 2016 Olympics representing the United States.  Green is currently in year three of his five year extension with the Warriors.  He is scheduled to make an additional $36 million over the final two years of his contract.  This additional salary should have the potential of nearly doubling Draymond Green’s net worth.  With the skyrocketing values on NBA contracts, if Draymond keeps up with his high level of play, he could be handsomely rewarded the next time a contract comes around.

From a personal perspective, Green is known to live a fairly modest life.  He lives in an apartment outside of San Francisco and has donated more than $3 million to his alma mater.  He is also the father of two kids, one boy and one girl.

3 Easy Post New Year’s Financial Resolutions

A new year signals a new start for many people.  Whether it is with your health, your relationships, or your finances, it is as good a time as any for a re-birthing.  When it comes to one’s finances, there are some relatively easy New Year’s financial resolutions you can do to exit 2018 in a better financial position than when you started.  Listed below are 3 easy post New Year’s financial resolutions you can make.

Financial Resolution 1: Build an Emergency Fund

It is estimated that roughly one out of every three American adults has no money stashed away in an emergency fund.  This often means that they will have to take on high-interest credit card debt in order to pay for an unexpected expense.  No matter your age, any amount of money in an emergency fund will be of benefit.  Focus on saving $100 a month into an emergency fund.  By the end of 2018, you will have $1200 stashed away for those unexpected expenses.

Financial Resolution 2: Create a Budget

Earning money is important, but also of high importance is tracking your spending.  I love the following example:

A teacher making $40,000 in annual post-tax salary, but spending $35,000 of it, has more savings at the end of the year than a doctor earning $120,000 in post-tax salary but spending $130,000.

The point of this example is that if you can make a lot, but if you spend a lot you will never get rich.  Budgeting allows you to monitor you income while also keeping track of your expenses.  We offer a free monthly budget on our website to help you get this resolution underway.

Financial Resolution 3: Open an IRA

Recent tax reform has lessened the financial burden of taxes on many individuals and families, but another way to reduce taxes while funding retirement is through an IRA.  Traditional and Roth IRA’s are both good options to help save for those late years in life.  I prefer a Roth IRA; you put in after-tax money now, and it grows tax-free and has tax-free withdrawals.  Most people qualify for IRA’s, and the best part is that they are easy to open.  Many IRA’s can be started with as little as $100.

Not everyone is a fan of New Year’s resolutions, but that is part of the reason why people make them.  They have goals they want to achieve.  Those goals may be monetary, personal or health, either way they hope to be in a better place at the end of the year than they were at the beginning.  If you haven’t made a New Year’s resolution, it isn’t too late.  We aren’t even a week into the new year.  I challenge you to try at least one of these 3 easy post New Year’s financial resolutions and make your finances great again.

Budget Smart, Invest Wise

Dez Bryant’s Net Worth

As the NFL regular season comes to an end some teams are busy fighting for a playoff spot; however, one team that isn’t in the playoff hunt is the Dallas Cowboys.  After showing much promise during the 2016 season, the Cowboys took a step back in 2017.  Their top receiver, Dez Bryant, has also taken a few steps back in recent years.  Slowed down by injuries, Bryant hasn’t recorded a 1,000 yard season receiving since the 2014 season.  Despite his struggles in recent years on the field, Dez’s bank account probably isn’t suffering too much.  Dez Bryant’s net worth is $20 million.

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Dez Bryant’s Net Worth

A first round draft pick during the 2010 NFL draft, Bryant got off to a hot start in his professional career.  His rookie season included over 500 yards receiving and six touchdowns.  He continued to develop as an NFL threat and posted nine touchdowns and nearly 1000 yards during his second season with the Cowboys.  Over the 2012 to 2014 NFL seasons Dez Bryant solidified himself as one of the top receivers in the league.  He posted at least 1200 yards receiving and twelve touchdowns each season during those three years.  It was these dominating numbers that justified the Cowboys extending a $70 million contract over five years to the big wideout.

Although small compared to today’s professional sports standards, Dez’s first contract with the Cowboys was worth $11.8 million over five years.  This initial contract included a signing bonus of nearly $2 million.  Had Dez not had the success he showed during the first five seasons of his NFL career, then Dez Bryant’s net worth wouldn’t be anywhere near the $20 million mark it is today.  The Cowboys did decide to reward Dez for his on the field efforts during the 2015 offseason.  They extended him a $70 million contract where the total guaranteed amount was $45 million and a signing bonus of $20 million; almost double of his entire first contract.

Injuries have plagued the superstar in recent years since signing the big contract.  In the past 3 seasons, Bryant has failed to post a single 1000 yard or ten touchdown season.  Bryant is expected to earn a salary of $12.5 million per year over the next two years of his contract.  It will be interesting to see where the Cowboys will go with their franchise receiver.

The majority of Dez Bryan’ts net worth comes from his NFL salary, although he does have a few endorsement deals that do add to it.  Before making it big as an NFL superstar, Bryant was born and grew up in Texas.  An incredible athlete in high school, Bryant was a top football recruit who eventually landed a scholarship to play at Oklahoma State.  His college football career ended abruptly after it was shown he failed to disclose to the NCAA contact he had with Deion Sanders.  Regardless of his ineligibility, it was clear Bryant was a star as he posted fantastic numbers during his sophomore campaign.

Giannis Antetokounmpo Net Worth

Maybe you’ve heard of him, maybe you haven’t, but Giannis Antetokounmpo is the next big thing in the National Basketball Association (NBA).  His name is hard to spell and even harder to pronounce, but he has emerged on the scene as the next big star in the league.  A 23 year old from Greece, his 6’11” stature has made him a point scoring, rebound pulling machine.  Currently playing in his fifth NBA season for the Milwaukee Bucks, Giannis is averaging nearly 30 points and 11 rebounds per game thus far in the 2017-2018 season.  This past offseason the Bucks signed the rising star to a four year contract worth $100 million.  This new contract has given rise to Giannis Antetokounmpo net worth which currently sits at $6 million.

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Photo courtesy of SI.com

Giannis was the 15th overall pick in the 2013 NBA draft by the Milwaukee Bucks.  Although it took a few years to cultivate his talent, the Bucks knew what they were doing.  In 2017, Giannis was named an All-Star along with being awarded the NBA Most Improved Player award.  This season, Giannis is on pace to post career highs in points per game, rebounds per game, field goal percentage, along with free throw percentage.

Antetokounmpo was born and grew up in Greece to parents who immigrated from Nigeria.  After initially starting his professional basketball career in Greece, Giannis declared for the NBA draft in 2013.  Upon being drafted by the Milwaukee Bucks, he signed a two year deal worth $3.67 million.  As he continued to develop as a player, the Bucks continued to exercise their club option until the time came where they offered him the rookie extension.  His rookie extension would be worth $100 million over four years.  Giannis Antetokounmpo net worth isn’t an astonishing amount at this point in his career due to the fact that he is only in year one of his newly signed contract.  He is set to earn just over $22 million this season, an amount that will increase to over $27 million during year four of the contract.

We expect Giannis Antetokounmpo net worth to significantly increase over the coming years.  In fact, Giannis’ net worth could be as much as $30 to $40 million by the time he finishes up his current contract.  Nicknamed the “Greek Freak”, many NBA analysts expect his play to only further develop as he continues to improve upon his game.  In 2021, when his contract is up, he could easily be on schedule for a massive payday, something similar to Steph Curry’s $200 million dollar contract.

Giannis has become one of the fastest growing stars in the NBA, being compared to the likes of LeBron James.  NBA fans are very excited to see what the future holds for this potential future Hall of Famer.

Albert Pujols’ Net Worth

Just because the NFL, NBA, and NHL are in full swing doesn’t mean the MLB is dormant this winter.  In fact, deals are being made year round in baseball.  The Los Angeles Angels just announced the signing of a Japanese phenom, Shohei Ohtani, to their roster.  A pitcher by trade with a 100 mph fastball, Ohanti also has the ability to swing the bat; however we will be focusing on another player on the Angels roster today, Albert Pujols.  Albert is a seventeen year veteran in the MLB and is on his way to the Hall of Fame.  His success on the diamond has led to Albert Pujols’ net worth to be $100 million.

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In January of next year, Albert Pujols will turn 38.  Although he might be nearing the end of his MLB career, he still has four years remaining on his current contract with the Los Angeles Angels.  Pujols emerged onto the MLB scene back in 2001 when he made his rookie debut with the St. Louis Cardinals.  He spent the first eleven seasons of his professional career with the Cardinals where he helped lead the organization to two World Series titles.  Pujols has been tabbed an All-Star ten times during his career, nine of those came while he played in St. Louis.  After leading the Cardinals to the 2011 World Series Championship, Albert became a free agent and eventually signed a massive contract with the Angels.  The contract, $240 million over ten years, would give a significant increase to Albert Pujols’ net worth.

Many experts believe that Albert Pujols is destined for the Hall of Fame.  Throughout his seventeen year career, he has over 600 home runs and nearly 2000 RBI’s (Runs Batted In).  On top of that, his career batting average currently sits above .300.  In addition to his incredible performances behind the plate, Albert is also known as a superb fielder.  He has been the recipient of two Gold Glove awards which is annually given to players who exceed at their respective fielding positions in both the National League and American League.

The majority of Albert Pujols’ net worth comes from his nearly two decade long success on the baseball field.  His career earnings in the MLB are over $240 million, and he is expected to earn an additional $114 million over the next four years of his contract with the Angels.  With these future earnings being almost a sure thing, we can expect Albert Pujols’ net worth to increase by at least another $50 million over the next four years.

Albert and his wife, Deidre, have been married for nearly eighteen years and the couple has a total of five children.  In 2005, they started the Pujols Family Foundation which supports families who are affected by Down syndrome.

Annual Costs of Owning a Dog

They are often referred to as man’s best friend.  As a dog owner, I can assure you this statement is quite true.  Each day when I come home from work, I look forward to seeing the wagging tail and the kisses that come upon my arrival.  Owning a dog is great, some would even say fantastic; however, despite the kisses and tail wags, one’s wallet can take a hit.  The size of the dog does play in to a lot of these factors.  My dog weighs 35 lbs and is considered by most to be a medium sized dog.  The numbers that follow for annual costs of owning a dog are based on a medium sized dog.  Smaller dogs tend to be cheaper, while larger dogs tend to be more expensive, so please bear that in mind.  A budget is the easiest way to track your expenses when it comes to your pet.

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My dog Vera

Dog Food & Treats

The most common and never-ending expense of owning a dog comes down to the dog food one has to purchase.  The price of that food can vary depending on the brand and type.  For instance, I feed my dog Purina Dog Chow, which is by no way the most expensive, but also isn’t the cheapest.  I usually am able to purchase a 36 lb bag for $25.  I estimate I go through 4 of these bags a year for my dog so $100 in annual cost for food.  When it comes to treats, I like to reward my puppy with a rawhide, various snacks, peanut butter and Dentastix (or similar).  I estimate that my yearly cost spent on treats comes out to $75.

Total Annual Cost: $175

Medication/Shots:

It is moral and also the law to give your dog the necessary vaccinations that they require in a given year.  I’ll first begin with medication.  My dog requires heart worm and flea protection just like any other dog.  For this, I use an all in one preventative treatment called Sentinel.  A year’s prescription of this treatment costs $100 for my dog.  Dog’s are also required by law to get a list of shots to maintain good health for the dog and other’s around it.  These can include the rabies vaccine among others.  The shots typically run me $150 a year when it is all said and done.

Total Annual Cost: $250

Boarding/Daycare/etc.

Every person’s situation is different.  If you like to travel and you have a dog then be prepared to spend around $25/night for boarding.  I tend to use friends and family to watch my pooch and usually pay them back with beer, a meal or an IOU.  Daycare is also another popular cost among dog owners.  Many view their dogs as an extension of their family and thus like for them to be well-cared for and interact with other dogs.  Daycare for dogs can run anywhere from $12-$25 a day on upwards.

Total Annual Cost: $250

Annual Cost of Owning a Dog: Final Results

If you total up my three previous sections, the total annual costs of owning a dog for me comes out to $675.  Again, this can vary depending on the lifestyle of the dog, what type of food you buy, and a number of other factors.  This example is only meant to give potential dog owners an idea of what to expect.  At the end of the day, my dog is priceless and whatever I can give her to make her happy and see her tail wag is worth it’s weight in gold.

Budget Smart, Invest Wise

Tyrod Taylor Net Worth

As kids, many of us grew up hoping to play sports at the professional level.  I vividly remember playing backyard football and keeping up with my stats like I had a million dollar contract to prove my worth.  In reality, very few of us actually make it; however, Tyrod Taylor is different.  Growing up in Virginia, Tyrod excelled as an athlete from a young age.  He was a three sport athlete in high school and played multiple positions on the football team.  His stellar play in high school led to football scholarships and Tyrod eventually signed with Virginia Tech.  Athleticism and determination have helped give Tyrod Taylor net worth a value of $10 million.

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In college, Taylor started 42 of 50 games during his four year career.  He amassed 50 passing touchdowns along with another 23 rushing touchdowns in his tenure.  During his senior season, he was named the ACC Player of the Year.  He led his Hokies to the ACC Championship game that season, where they knocked off the Florida State Seminoles.  In the 2011 NFL draft the following year, he would be selected 180th overall by the Baltimore Ravens.  While his first four seasons at Baltimore were mainly spent in the backup role, he would eventually become a starter when he signed with the Buffalo Bills in 2015.  A strong showing during the 2015 season with Buffalo eventually led to Tyrod signing an enormous contract with the Bills.  This contract was worth $90 million over five years and would significantly add to Tyrod Taylor net worth.

The 2016 NFL season didn’t go as well as Tyrod or the Bills had hoped.  Tyrod’s play was average, but the Bills had another losing record which led to the firing of head coach Rex Ryan.  A clause in Tyrod Taylor’s contract made it so Buffalo didn’t have to pay him the remaining four years of his original five year $90 million contract, which they didn’t.  Instead, the organization decided to restructure the deal, and in March of 2017 it was eventually altered to 2 years for just $30 million.

Despite throwing 48 touchdowns to only 15 interceptions from 2015 through the first 10 games of 2017, Taylor has yet to solidify his starting spot among the coaching staff.  Yesterday, Tyrod did earn his starting role back against the Kansas City Chiefs.

By the end of the 2017 NFL season, Tyrod Taylor’s net earnings through the league will exceed $27 million.  More than half of that amount is being earned during this season through his salary and signing bonus.  If Tyrod can get back on track and lead the Bills to numerous wins down the stretch, he may be able to solidify himself as a staple in the team’s locker room.  A good end to the season means that Tryod can expect the Bills to exercise their option for the 2018 season, where he’ll be due roughly $16 million.  Stellar play towards the end of the season is the best way for Tyrod Taylor net worth to continue to increase in the years to come.

Is a $250K Net Worth at 28 Possible?

I often write a number of net worth pieces on athletes, coaches and other famous individuals, but what about the rest of us who aren’t worth millions?  Your age and net worth should have a positive correlation, the older you get the better the opportunity to build your net worth.  That is why I pose the question, is a $250,000 net worth before you are 30 even possible?  The answer is yes!

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Net Worth Formula

We are familiar with young stars such as Justin Bieber, Rihanna, and Andrew Wiggins having a net worth in the high millions, but what about the rest of us?  Let’s first talk about what net worth actually means.  As is illustrated in the image above, net worth is calculated with a simple equation.  You take all of your assets (house, retirement accounts, cars, etc.) and from that you subtract all of your liabilities (mortgage, debts).  The resulting equation will equal one’s net worth.

As previously stated, net worth tends to increase the older you get.  That is why I am looking forward to my future net worth.  At 28 years of age, my net worth already exceeds a quarter of a million dollars.

How have I been able to build a $250k net worth?

There were a number of smart financial decisions I made in order to build my wealth in such a short period of time.  When I began my first job at the age of 23 (just five years ago), I had a negative net worth.  There were student loans I had to pay back, and after being in college for four years I didn’t have a chance to save much money.  I focused on paying off my debts, in this case my student loans.  Getting out of debt is crucial to building one’s net worth.

The next thing I focused on to build my net worth was by budgeting and investing.  The focus of this blog today is still the same as it was when I began it three years ago, budget and invest.  You can still download a free monthly budget template on this site.  Budgeting allowed me to focus on paying off my debts while also helping me determine how much money I could save in a given month.  This process helped me towards my $250k net worth that I am seeing today.

The final step was focusing on my earning potential.  I switched jobs a couple times, each time to a position that paid me more than the previous.  I also, turned my house purchase into a cash flow positive rental property.  By increasing my earning power and paying off my debts I have now been able to save more than ever before.

Each person’s financial situation is different.  There are plenty of individual’s in their twenties who are worth a lot more than me and there are also plenty that are worth a lot less.  I was once told long ago that you cannot focus on someone else’s earnings and net worth, you have to focus on your own.  After all, only you can control your financial decisions.

Budget Smart, Invest Wise

 

Jay Cutler Net Worth

Tom Brady, Brett Farve, Peyton Manning, these quarterbacks will all go down in NFL history as some of the best.  Then there are those quarterbacks who enjoyed a long and successful NFL career, but won’t be remembered among the elite.  In steps Jay Cutler.  Cutler is currently the starting quarterback for the Miami Dolphins.  He came out of retirement after Miami’s starting quarterback was hurt earlier this year.  While many consider Jay Cutler falling short of career expectations, he has been able to rack up a significant net worth during his playing career.  Jay Cutler’s net worth sits at $60 million.

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Miami Dolphins QB Jay Cutler

At 34 years of age, Cutler is currently playing in his 12th year as an NFL quarterback.  He has played for three teams, the Broncos, the Bears, and now the Dolphins.  He was selected as the 11th overall pick in the 2006 NFL draft by the Denver Broncos.  His first contract in the NFL was worth an astounding $48 million for six years; however, he was traded to the Chicago Bears after only three seasons in Denver.  While in Chicago, Cutler remained a consistent starter for the Bears, but he never produced the stellar season that the Bears were hoping for.  Even despite his lackluster performance, he was still awarded with a massive seven year $127 million contract in early 2014.  Even with this massive contract in hand, Jay Cutler couldn’t live up to the expectations and eventually he was released by Chicago before playing out the extent of the contract.

Upon his release from the Chicago Bears, Cutler announced he would retire from professional football; however, his retirement was short lived.  He was eventually called upon by the Miami Dolphins to fill in for quarterback Ryan Tannehill who got injured before the 2017 season began.  Miami signed Cutler to a one year deal worth $10 million.  After the 2017 NFL season, Jay Cutler’s career NFL earnings will top over $120 million.  It is his NFL paychecks that have helped give rise to Jay Cutler’s net worth.

Although many believe Cutler fell short of his potential, he has ended up having a fairly successful football career.  His college career at Vanderbilt University propelled him to his first round draft selection.  He was named to the All-SEC first team his senior year.  His only Pro Bowl selection came in 2008 when he led the Broncos to an 8-8 overall record and threw for 25 touchdowns.  He set a career high for himself in passing yards that year with 4,526.

Jay Cutler is married to reality television star Kristin Cavallari and the couple has a total of three children together.  He started the Jay Cutler Foundation back in 2007 while in Denver.  He was also diagnosed with Type 1 diabetes and works with Dedication to Diabetes to help raise awareness for the disease.