In the newest GoGedders episode, just in time for the playoffs, we're back with Pat Connaughton of the NBA champion Milwaukee Bucks as well as longtime friend and business partner Joe Stanton. The two discuss their athletic beginnings, why Pat turned down a $2 million deal in high school, where their passion for real estate began, the most trouble they got into as kids and answer a lightning round full of fan-submitted questions.
Not to give too much away, but I think it's important to note that even other professional athletes could learn something from this episode. Pat's pragmatic nature has led him to make smart financial decisions and create a plan for the future – not something all athletes tend to do.
"I'm fortunate to have this means of income by being a professional athlete. That's not always going to be there," Pat noted, while talking about his involvement in real estate. "Like how are you going to continue to have a way of income or make that money last? And I think that's something that I saw as building for the future, and that's where some of these mentors talked about having a cash flow portfolio and gathering real estate assets and preparing for the future."
And Pat's not wrong, in fact, a Sports Illustrated article reports that 78% of NFL players and 60% of NBA players face serious financial hardships after retirement.
Tune in to this week's episode for lots of entertaining stories and insights from Pat Connaughton and his childhood best friend, Joe Stanton.