Gold medalist Simone Biles hates spending money because she has 'a fear of going broke' via CNBCMakeIt
Olympian Simone Biles started earning prize money at a young age. The gymnast took home her first big check when she was around 12 years old, she recalls on a recent episode of"Kneading Dough" with Maverick Carter.
It keeps her frugal. She even challenges herself to go days without spending any money, she tells Carter:"And then, of course, my gas light come on so I have to go get gas." But besides the necessities, as well as the occasional trip to Subway, she says,"I never really swipe the [credit] card." Biles already has a reward in mind for her next major accomplishment:"A G-wagon. Matte black. Red interior," she tells Carter.
"I think that it's important to spend money on yourself," says Rippon, who dropped $6,300 on a gold Cartier Love Bracelet as motivation to do well at the 2018 winter games. And, apparently, it helped: He brought home his first Olympic medal, a bronze in the team event.
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