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What’s up, everybody? It’s your boy Draymond Green, and today I wanna talk about a topic that’s near and dear to my heart – inflation. Now, I know what you might be thinking. “Draymond, you’re a basketball player. What do you know about finance?” But let me tell you, I’ve been studying up on this stuff.

You see, as athletes, we have a unique opportunity to make a lot of money in a short amount of time. But if we’re not careful, we can end up blowing it all and ending up broke like some of those players we see on ESPN’s 30 for 30 documentaries. That’s why it’s so important to understand financial independence retire early (FIRE), make money online, student loan forgiveness, budgeting, and risk management.

Now, I’m not gonna lie – some of this stuff can be pretty complicated. But that’s why it’s important to have resources to help you out. For example, there are a ton of finance YouTubers out there like Andrei Jikh who break down complex financial concepts in an easy-to-understand way. And if you’re looking to invest, platforms like TD Ameritrade can help you get started.

But at the end of the day, it’s all about personal finance. That means taking control of your own money and making smart decisions. Maybe that means paying off your debt, like my friend Ryan Pineda talks about on his channel. Or maybe it means investing in something like Shiba Inu, which has been making waves in the crypto world lately.

Of course, it’s also important to keep an eye on the bigger picture. That means understanding monetary policy and how it can affect things like inflation. We saw some of that recently when the Fed announced their tapering plans.

Now, I know I’m throwing a lot of terms at you, but bear with me. See, the thing is, financial literacy is like anything else in life – the more you practice, the better you get. And that’s why I’m always looking for ways to learn more about finance.

In fact, I recently started my own podcast called “The Draymond Green Show” where I talk about all kinds of topics, including finance. We had some great guests on the show, like Dillon Brooks, who’s also interested in personal finance.

Of course, it’s not all serious stuff. We also talk about basketball, like the recent Warriors vs. Pelicans game. That was a tough one, but we bounced back. And did you see Kyrie Irving’s return to the court? That was crazy.

But at the end of the day, it’s all about balance. We can’t just focus on basketball and ignore our finances. We gotta be like Brandon Ingram, who’s been killing it on the court and also making smart financial decisions off the court.

So, let’s take a page out of his book and start taking our personal finance game seriously. Whether it’s listening to podcasts, watching finance YouTubers, or just talking to a financial advisor, there are plenty of ways to improve our financial literacy. And hey, who knows – maybe one day we’ll be on “First Things First” or “The Herd” talking about our smart financial decisions alongside the likes of Chris Broussard….(read more)

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Draymond Green, known for his skills on the basketball court as a three-time NBA champion with the Golden State Warriors, recently shared his knowledge on inflation and risk management. In a conversation with CNBC Make It, Green discussed the importance of financial literacy and strategies for managing money in uncertain times.

When it comes to inflation, Green emphasized the need to be prepared for its potential impact on purchasing power. He explained that inflation occurs when the cost of goods and services increases over time, and that this can lead to a decrease in the value of money. Green pointed out that inflation can be especially damaging for those who have saved money for years but may find their savings insufficient when they try to make purchases.

To protect against inflation, Green suggests investing in assets that appreciate in value over time, such as real estate, stocks, and precious metals. He also advised caution in taking on debt, as inflation can make it more difficult to pay off loans over time. Green emphasized the importance of financial education, noting that many people are not taught about inflation and its potential impact on their finances.

In addition to inflation, Green also discussed the importance of risk management. He highlighted the need to assess risk carefully before making investments, and to diversify investments across different assets to minimize exposure to any individual risk.

Green encouraged those looking to manage risk to seek out financial advisors and do their own research to make informed decisions. He also stressed the need to be patient and not to chase quick returns, as this can lead to greater risk.

Green’s insights into inflation and risk management showcase the importance of financial education and planning for long-term financial goals. By investing in assets that appreciate in value over time and carefully managing risk, individuals can protect their finances and prepare for a more secure financial future.