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Gronk on Retirement


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https://www.fool.com/investing/2021/02/04/crush-your-retirement-savings-like-rob-gronkowski/

 

In his 2015 book, It's Good to Be Gronk, Gronkowski shares the habits that helped him maintain a sizable nest egg. "Look, to this day, I still haven't touched one dime of my signing bonus money or NFL contract money," the former *Patriots tight end wrote. "I live off my marketing money and haven't blown any big bucks on expensive cars, expensive jewelry or tattoos. Heck, I still wear my favorite pair of jeans from high school."

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4 minutes ago, Koko said:

So, the key to financial freedom in retirement is to live off endorsement deal money?

Exactly.  Live off your multi million dollar marketing/endorsement money and don't touch your salary or bonuses and you will be set.  Its not hard.  

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Live within your means, bank (invest) extra cash, is not a bad strategy. 

And really? Gronk was the same size in high school as he is now? :classic_dry:

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Nouseforaname
56 minutes ago, Jauronimo said:

Exactly.  Live off your multi million dollar marketing/endorsement money and don't touch your salary or bonuses and you will be set.  Its not hard.  

 

I wish they would have told me that when I signed my first multi million dollar marketing contract.

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On 2/8/2021 at 11:22 AM, Jauronimo said:

Exactly.  Live off your multi million dollar marketing/endorsement money and don't touch your salary or bonuses and you will be set.  Its not hard.  

Don't give Marsha any ideas.

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11 hours ago, Doc Brown said:

Don't give Marsha any ideas.

The Marsha plan has always been take below market comp in exchange for signing contracts between the team and Marsha's snake oil business thus circumventing the salary cap.  How that has not been seen as a massive conflict of interest is beyond me.

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Roger Goodell
5 hours ago, Jauronimo said:

The Marsha plan has always been take below market comp in exchange for signing contracts between the team and Marsha's snake oil business thus circumventing the salary cap.  How that has not been seen as a massive conflict of interest is beyond me.

 

The NFL closely monitors team involvement with player's outside business interests.  There has been no indication of impropriety by the New England franchise and Marsha during that player's period of service to the franchise.

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On 2/8/2021 at 12:12 PM, Ann said:

Live within your means, bank (invest) extra cash, is not a bad strategy. 

And really? Gronk was the same size in high school as he is now? :classic_dry:

According to a few that played with him or against him, yes. He was pretty much the same size. Members atop talked about it when he was drafted. Mr ags played against him or with him. I forget

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