Kevin Durant's mom reveals the financial advice she gave her son when he joined the NBA. via CNBCMakeIt
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.
"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." 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.
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.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.
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