Kevin Durant’s mom reveals the financial advice she gave her son when he joined the NBA – Celebrity

Kevin Durant’s mom reveals the financial advice she gave her son when he joined the NBA

https://image3.affcoder.com/storage/images/1701084603Fvlsl57zD5FPqkZIDZ2z.jpg

When Kevin Durant gave his tearful MVP speech in 2014, the NBA star made sure to thank the one person who had been there with him from the very beginning: his mother.

His heartfelt words about the sacrifices she made for Durant and his brother led to a Lifetime movie about her journey as a single parent, “The Real MVP: The Wanda Durant Story.”

Kevin Durant's mom provides touching view of her famous son

Today, the NBA superstar’s mom travels the country as an motivational speaker and philanthropist. On Monday, she spoke at Thomson Reuters’ in New York about her personal struggles to achieve financial stability and shared with CNBC Make It the financial advice she gave her son when he entered the league.

Kevin Durant, who won the 2017 NBA Finals MVP award with the Golden State Warriors, will not be playing for the New York Knicks next season.

Andrew D. Bernstein/ Getty Images

“I wanted him to realize you have worked hard,” she says, “and it is OK for you to enjoy yourself because of your hard work. But it is also imperative that you prepare for your future.”

She described her son as a frugal person — even as a kid he didn’t require much to be happy. While she advised him to enjoy the rewards of his labor, Durant says she also wanted to make sure that her son knew the importance of financial planning, a lesson she didn’t grasp until later in life.

“My mother worked hard for us, but she was in a moment of survival,” says Durant, who was one of three children raised in a single-parent household. She says that her mother worked hard to provide for the family and prepare for emergencies, but didn’t have the resources to plan for the future.

Durant told the audience that when she found herself a single parent to two children at 21, she followed the financial principles she had been raised on. Rather than planning for the future, she focused solely on how her money could make ends meet for the moment.

Kevin Durant took a nearly $10 million pay cut — here's why

“As I reflect back on those times, I did have a little that I could have put away for twenty to thirty years down the road,” she said. “But because I didn’t have an understanding of what money could do, other than to provide the necessities of life, that’s where I was.”

Now, Durant says she is more mindful of her money and the value it holds. She’s also worked to teach her two sons about the value of money and it seems to be paying off.

Outside of basketball, Kevin has invested in the investing app Acorns, purchased a stake in the on-demand delivery service Postmates and also owns a stake in The Players’ Tribune.

Booker, Durant lead Suns past Curry and Warriors 108-104 in season opener –  KXAN Austin

Recently, he’s teamed up with Laurene Powell Jobs for a new philanthropic venture called College Track and is aimed at helping disadvantaged kids attend college. As part of the initiative, Durant has committed to donating $10 million to his hometown’s public school system.

“We didn’t have the resources to get our minds thinking about the next level,” he told The Washington Post. “I want to do my part, whatever it is. If College Track students want to be the next Steve Jobs or the next influencer or the next tastemakers, they can get there.”

Durant’s mom says that in addition to his financial decisions, she is proud of his philanthropic work and his desire to help the community.

“I thought giving back was always very important, and so we talked about that and he had seen that from us as a family and it’s one of the things that I taught him,” she says.

 

Related Posts

Liverpool 4-0 Barcelona: Player Ratings – What the media and statistics say

Liverpool’s 4-0 victory over Barcelona was one of the best wins in the club’s history, with so many players performing exceptionally on the night. The Reds had a mountain to…

Read more

Legend Sadio Mané’s Incredible Collection of Flashy Cars Leaves Players ‘Overwhelmed

Sadio Mané’s Extravagant Car Collection That Makes Every Player Covet Sadio Mané’s Extravagant Car Collection That Makes Every Player Covet In the world of professional football, the spotlight often shines…

Read more

Sadio Mane, Former Liverpool Star, Prioritizes Community: Funds School, Mosque, and Hospital Projects in Senegal Over Luxurious Living

Sadio Mane: Liverpool star builds school, mosque, hospital in Senegal – Sadio Mane, Liverpool and Senegalese football star, has given back to his community as he built a school, mosque and…

Read more

Explore Inside Steven Gerrard and Wife Alex’s Stunning Portuguese Holiday Home 🏡🌴

Inside Steven Gerrard and wife Alex’s stunning Portuguese holiday home as they reflect on wedding Former England captain Steven and his wife Alex welcomed OK! into their villa to reflect…

Read more

Kevin Durant and Wanda Durant Commemorate the First Graduating Class of the Kevin Durant Foundation’s College Track Program

KEVIN DURANT AND HIS MOM WANDA CELEBRATE INAUGURAL CLASS OF COLLEGE TRACK OF THE KEVIN DURANT FOUNDATION On Monday, June 27, NBA star Kevin Durant and his mother Wanda Durant…

Read more

Check out Kevin Durant’s insane $4 million car collection

Kevin Durant’s Lamborghini isn’t even the most expensive car in his collection. Check it out! Let’s look at Kevin Durant’s amazing $4 million car collection. Kevin Durant is an American basketball…

Read more

Leave a Reply

Your email address will not be published. Required fields are marked *