Cash recommendation NFL star Jimmy Garoppolo bought from his dad

San Francisco 49ers quarterback Jimmy Garoppolo is future with the NFL According to reports in the balance after him Angular loads suffered throughout the 2020 season and since his team designed a new rookie quarterback. But at 29, Garoppolo has already had a lot of success.

In addition to winning two Super Bowl rings as a backup quarterback with the New England Patriots, in 2018 Garoppolo made big news when he signed one Five-year contract for $ 137.5 million with the 49ers.

But Garoppolo’s father Tony, who retired after 40 years as an electrician, gave him some simple but important money advice early on.

“Save your money. Don’t be stupid about it,” says Tony Garoppolo, who taught his son.

On Tuesday, Garoppolo teamed up with his father to take part National Signing Day With SkillsUSA and Home Depot this encourages high school graduates to pursue careers in the craft.

“In my opinion [Jimmy] has a good feel for [his money] and he has good people around him and he’s not stupid about it, “says Tony.

Garoppolo, on the other hand, describes himself as both a donor and a saver.

“I’m a donor, but for the most part I’d say I’m a saver. I’m looking for more long-term than short-term,” Garoppolo told CNBC Make It.

When it comes to investing, Garoppolo says finances aren’t really his strongThat’s why he makes sure he surrounds himself with the right people who will help him make good investment decisions.

“I relied heavily on them to point me in the right direction and show me the ropes,” he says.

“I still literally learn about it every day,” he says. “But for the most part just the slow and steady convergence [to investing] – ‘Make your money work for you’ is the best I’ve ever heard. “

Garoppolo says he’s also intrigued by cryptocurrency. “I’m not currently invested in anything, I’m trying to find out which one I want [invest in]”, He says.” I know I’m late for the game. “

Garoppolo says a lot of his teammates own crypto, and he’s heard almost every pitch you can think of. But “[I’m] I’m still learning about it, “he says.

As for NFTswho have become increasingly popular and profitable in sports memorabilia“They’re still a bit confusing to me,” he says.

In addition to providing advice on money, Garoppolo learned from his father what he calls the “Blue Collar Mindset”. That includes working hard and staying “cool”.

“Especially as a quarterback you have to … stay cool,” says Garoppolo.

“I saw almost everything that could be seen [in my football career]”says Garoppolo – for example, right after signing this major contract, his 2018 season ended prematurely thanks to a tear ACL.

“I’m sure there will be something new tomorrow,” he says. So “you just have to roll with the punches and enjoy the moment while you’re there.”

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