Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Golden State Warriors star Stephen Curry has been The highest paid NBA player for the last eight years. In the next season he will win his biggest salary so far: $ 59.6 million, according to EspnS
Curry also earns approximately $ 100 million a year from approval deals with various companies, Forbes reports including his partnership with Under Armor where he is Curry PresidentS
But when Curry was recently asked to confirm his current net value during an episode of 360 with a quick Podcast with host Speedy Morman, the 37-year-old guard, said he didn’t really know and was not interested in understanding.
“(Net value) is not something I really worry too much. I have someone who takes care of this for me,” Curry said.
Instead, “the idea of what is happening is to create a portfolio of things that are ambitious about wealth,” Curry said. “You want to have something you look back and are proud of knowing that we have been blessed with so many opportunities and so many resources and so many respects.”
Curry’s focus on financial goals beyond his net value is “breath of fresh air,” says Ben Smith, a certified financial planning and founder of Cove Financial Planning in Milwaukee, Wisconsin.
Too many people feel squeezed to focus on building the highest net value as possible, Smith says, and it is refreshing that Curry prioritizes “pursuing what is great” and makes investments that are proud of the road. This strategy will serve him better in the long run because this will support the “engine” of his financial health for a longer time.
Curry’s position is undeniably unique. As a high profit athlete, he can afford to delegate his money management as a professional without worrying about his financial foundation soon eroding.
Still, you don’t have to earn millions to take advantage of setting financial goals that do not rotate around your net value, Smith says. In fact, possession of this number can keep you from achieving financial stages that may feel more rewarding, finally taking a long-awaited family vacation or paying off your car early, he adds.
Here’s what your attention really deserves if you want to feel in control of your money and even better, learn how to manage it well, according to financial pros.
Understanding of cash flow
Although the net value can be a “useful barometer” to understand your finances, the cash flow is a much more powerful indicator of your overall financial health, Smith says.
Instead of constantly carrying your assets and liabilities, focus on what you can track every day: how much you earn, how much you spend on fixed costs and discretionary purchases and what remains. This basic awareness of what is coming and going out will allow you to create a financial plan that is more oriented to actions than just trying to accumulate wealth, Smith says.
Once you have dealt with your cash flow, you can begin to point to tangible personal goals such as Construction of an emergency fund or repayment of student loansHe says. Everyone should strive to make financial decisions to bring them pride, he says, and these measurable achievements are usually easier to celebrate than to achieve a goal of net value.
Those who focus too much on their overall wealth often feel as if they never have enough, Joy weak, certified financial planning, licensed therapist and founder of the Institute for Wealth Alignment, earlier said CNBC did itS
As large as the client’s net value is, the desired amount is almost always the same, she says, “A little more than what they really have.”
Instead of focusing on the net value alone, Slabaug personal values And a long -term vision.
“(The net value is) only one indicator – and often misleading. I have seen clients fixed to their net value while they are completely excluded from their financial reality,” said slightly. “Tracking net value without tracking values or lifestyles is like looking at your pulse without knowing if your heart is healthy.”
Once you start using your money intentionally, covering basic costs, savings, investment and even some joy, you have already won half of the battle, she said. The rest is to make sure that your money keeps your life that you actually want to live, and you do not strive for a financial mark that you will only increase over time.
Do you want to stand out, develop your network and get more job opportunities? Sign up for more intelligent than CNBC, do the new online course, How to build an excellent personal brand: online, personally and at workS Learn from three expert instructors on how to show your skills, build a star reputation and create a digital presence that AI cannot repeat. Sign up today with an early bird coupon code for an introductory discount of a 30% discount on a regular course of $ 67 (plus tax). The offer valid on July 22, 2025 until September 2, 2025
Plus this, Sign up for CNBC, make your newsletter get tips and tricks for success in work, with money and in life, and Request for joining our exclusive community in LinkedIn contact experts and peers.
