Will Tua Tagovailoa Go Broke..? | My First Million | GQ Sports

GQ Sports My First Million - Tua Tagovailoa: • How Tua Tagovailoa Spe...
Tua Tagovailoa was the most recent guest on GQ Sports' series titled My First Million detailing how professional athletes spent their first million dollars.
The big takeaway from this episode is that Tua Tagovailoa only spends the money he earns from his endorsements, not his contract money. He signed a 4 year, $30 million contract with a $20 million signing bonus so he will be receiving nearly $21 million this year to play football, not counting his endorsement money which is undisclosed.
Living off of his endorsement money only is similar to Rob Gronkowski and is becoming more common among professional athletes. This is the way to go for all young athletes.
Tua was the starting quarterback for the University of Alabama the past two seasons and was the savior the season before that in the National Championship game against Georgia. His career really began in the second half of the 2018 National Championship game.
Following his career at Alabama, he was selected in the first round by the Miami Dolphins to be their new franchise quarterback.
His spending was pretty conservative as his main purchase was a house that he purchased in cash for $1.65 million in Davie, Florida right down the street from the Miami Dolphins training facility.
_ _ _ _ _ _
Will Tua Tagovailoa Go Broke..? | My First Million | GQ Sports
--------- POPULAR VIDEOS ---------
★ Why Your Favorite Musicians Are Broke ★
↪ • How Record Companies S...
★ Part 2: Why Your Favorite Musicians Are Broke ★
↪ • Part 2: Why Your Favor...
★ Why Your Favorite Athletes Go Broke ★
↪ • Why Your Favorite Athl...
★ Why NFL Athletes Go Broke Ft. Dwayne Haskins | KZbin Financial Advisor ★
↪ • Why NFL Athletes Go Broke
--------- MY BOOK LIST ---------
docs.google.com/spreadsheets/...
Tags:
Tua Tagovailoa,my first million,tua tagovailoa dolphins,miami dolphins,gq sports,alabama football,NFL,nfl players going broke,athletes going broke,professional athletes going broke,pro athletes going broke,how do athletes go broke,gq sports first million,financial advisor,youtube financial advisor,nfl financial advisor,personal finance,finance budgeting,my first million gq,my first million gq sports,my first million dollars gq,how to budget,money

[@CreativeMonsterx]

I really hope he does well in the NFL, he seems like a good person overall. Also can't ever go cheap on mama.

[@Live-Life-Freely]

That's my only criticism of athletics they seem to always be momma's boy. The role of a parent is to set an example and give you the wings to fly away. The best gift of appreciation you can give your parents is to never need them.

[@isaiahthompson7373]

Facts! Haha bless!

[@stavo4k]

Live Life Freely I respect your opinion but I believe that whenever children who get the chance to repay their parents, they should. That is my main goal in life, once I achieve that, then I’ll focus on myself etc.

[@Live-Life-Freely]

@@stavo4k The only obligation here is from the parents to the children. Kids are not a retirement plan. The best parents teach their kids by example and then cut them loose with zero guilt or expectations of compensation.

[@dwhitestan9]

@@Live-Life-Freely it’s the parents putting guilt it’s the athletes who feel to give back to the people that helped them the parents don’t ask the players give because it is the respectful thing to do especially because a lot of athletes come from not a lot so when they do they give the parents the lifestyle that they deserve

[@TomNashTV]

Am I the only one who loves Tuas personality?

[@belovedstrummer6140]

He’s definitely not a dufus like Grant.

[@patrickprendergast9589]

me 2

[@Codemanlex]

@@jacksonchris4436 fuck off

[@ivespoken8902]

@@Codemanlex lol

[@dsimmon20]

Yes

[@FutonParkour]

Considering his injury in his senior season, Tua had to grow up fast, and I’m sure it was a reality check that nothing is guaranteed.

[@SB-fj7ge]

Now he just has to keep the wives and girlfriends in check

[@LittleHound]

100th like

[@_fernadeez_9778]

200th like

[@TheNamesDitto]

Facts. Get a real one or them hoes gonna get that divorce money

[@bofi1280]

@@TheNamesDitto Or not get married at all. Better safe than sorry.

[@othienoburton5432]

@@TheNamesDitto when money is involved there is no real one

[@neshaun87]

if anything, Tua spent his million better than most guys....plus he's a qb, he's set with his first contract, doesn't even need a second one...

[@deeznutz8320]

Aaaaand he has been replaced

[@zachjaffee1298]

@@deeznutz8320 when

[@KennyChaoJr]

Love everything but the car for his mom! It’s his momma and she deserves the best and newest car!!! 🙏❤️

[@SlimetoBJ]

Kenny CHAO

[@saudade....]

you and marcelas need to hurry up with that 1v1💀

[@bobbyo8510]

He got her a hella nice car dumbass

[@julianskowron7964]

@@bobbyo8510 he means he likes the video and the opinions of the uploader other than regarding the car

[@bobbyo8510]

@@julianskowron7964 I really don't think he went cheap on his mom, let's be honest how many moms want a crazy Ferrari or something, like the car he got her seems like a perfect car to get ur mom, plus we dont know his mom and maybe that's the exact car shes been wanting

[@Cuda-the-Dog]

His maturity reminds me of Russel Wilson.

[@abizitgill4310]

Which would be fitting since he idolizes Russ, not just as an athlete or for the way he plays, but also a guide to navigating his life

[@callumguthrie5309]

Wish he was as good

[@ashharkausar413]

He comes across as a humble person and I hope he stays that way!

[@kuyaChrischan]

just got off a 12 hour night shift but the hustle never stops! This motivated me to work more

[@Ikasye]

Work smarter not harder

[@Malaki727]

Keep pushing brother

[@kuyaChrischan]

Ikasye will do both! I love relaxing as much as the next person. Let's get it.

[@jakewillson9387]

Work smarter not harder

[@Malaki727]

I think it's harder to go broke as QB . They last longer

[@AliHau275]

Not if you got a big Samoan family lol

[@Malaki727]

@@AliHau275 true!

[@WMDistraction]

Technically yeah, but it should be difficult to go broke as an athlete period. They just fall into simple traps that get exacerbated by the fact that they're sudden millionaires, which inflate expectations. It's lifestyle inflation taken to its logical extreme. If they saved that money to begin with, they'd be set for life, but of course life is never that simple. Family ask for ridiculous favors and guilt you into making bad financial decisions that you'll be locked into for life, etc.

[@handsomeX]

@@WMDistraction Most nfl players will make their real money if they make it to their second contract(in 3 or 4 yrs). That's only if they're good enough to get it offered. The average career span of an nfl player is 3yrs. No guaranteed contracts in the nfl either.

[@themanofconstantsorrowelia1929]

It depends. If you're a good QB you should be fine because that can be a 10-15+ year long career. But if you are bad you can wash out in under 5 years. Then you either are good enough to be a backup which is good money, or you are out of the league entirely.

[@raavhollywood]

I just want to say I found this page last week and I'm addicted to it. You Sir, gained a new subscriber. Let's keep the 'will they go broke' I really enjoy these.

[@OwolabbyAzeez]

Tua’s humility radar is off the charts. Friendly reminder for y’all to cook your own food and not eat out today. Save y’all coins. Did y’all know it’s impossible to breathe while smiling? Kidding just wanted y’all to smile. Hope you have a phenomenal day. Get ya bread and all the crumbs too 🤧💯🙌🏾

[@DrThier32]

You're not though about not being able to breathe while smiling. I've tried💀

[@truthseeker9688]

He’s just going to have to realize that he cannot spoil his big family. Taking care of the family means that he should save the larger part of his money, invest, grow it....because you can bet that down the road there will be hard situations in his life and his families’ lives where he will need that money.

[@brotherLee340]

Spoiling and taking care of can be two different things. Plus you get certain things out the way so you don't have to worry about it later. He doesn't have to hoard every single penny. Athletes typically don't come from a long line of money. Nothing wrong with helping and upgrading certain family members.

[@dunggg]

I apply the same principles to my family income. We only live off my salary, and never touch my wife’s salary. After maxing out 401k and IRAs on my own salary , I only live off 60% of my salary. I don’t know how long I can work and earn my current salary but I’m prepping for the day where I might make less.

[@roderickclerk5904]

@Elz why?

[@AniHajderaj]

The Rolex he got his dad will likely hold its value for years to come for sure so def not a bad idea

[@therealtarunkandaswamy]

His dad isnt gonna sell it so it doesnt matter

[@howardbaxter2514]

Rolex’s are good watches anyways, so honestly, smart purchase. Not to mention, the other jewelry he bought, some earrings and an Apple Watch, are things he wouldn’t want to sell anyways.

[@peterszabo7572]

@@howardbaxter2514 how is a stupid accessory with 0 functionality is a good buy? I mean great marketing, but stupid buy for sure...

[@mason8818]

@@peterszabo7572 because the Rolex will hold its value

[@peterszabo7572]

@@mason8818 or at least that is how it is marketed...

[@Beesah1000]

Nah he spenting his money wisely

[@somefob5446]

I think it helps that he isn't all that into jewellery or designer brands

[@j.p.6228]

I actually love this kid! Bright head on his shoulders and well spoken

[@wealthwithwill.]

He will definitely be Wealthy for a long time.

[@YTB69]

Absolutely love your content brother. You have a fan from New Zealand 🇳🇿

[@raylinkman5008]

edgewater college, 😂😂😂😂

[@aroaris843]

I love these videos. Great work man!!

[@warrickwilmot9948]

Awesome stuff man!! Love your vids

[@ADeep007]

I just watched the Dwayne Haskins video you did... lol night and day, and Tua is making waaaay more money.

[@SpencerCornelia]

Tua will definitely make more money long term. I think he'll also make more endorsement money.

[@Steve_643]

Dewayne Haskins doesn’t even have a job anymore and might not get another!!! He’s probably already broke!!!!

[@jaylenpayne5169]

Marshawn Lynch said he lived off his skittles endorsements. That was years ago and he said it again before he retired again

[@deeznutz8320]

And he invests in his community opening a restaurant etc. Marshawn is way smarter than people give him credit for. But thats because of his street exteriour

[@V_besch14]

He said 80k for an i8. That’s a decent price for a car that can reach close to 200k+ Edit: this comment wasn’t needed, I should have not paused it that soon…

[@LaVaneBea]

The minute he started talking, I knew he had good family support. I think this is an overlooked factor. And a shame because is an important one.

[@KamatsuKyoto]

It's always great to see athletes spending their money intelligently. Tua will have a great future for sure. Thx for the video!

[@criststevenson722]

He seems like a smart kid except for his taste in cars.

[@KunaevNS]

Haha right the i8 is a horrible car. Should’ve went for an m5 for 80k

[@Pepisthe1]

I was hoping you would do a video on this. His GQ interview compared to Dwayne Haskins is night and day. This dude is legit.

[@dirty56ace]

As always a great video , Spencer. I know this video is over a year old ,but I've been watching your videos for awhile now and I love your content. Being a die hard "Fin"adict . This vid is great intespect to Tau's state of mind . Keep up the great and hard work you put into your videos . Your transparency is just uplifting in a time when it's common for people to lie and scheme. For that good sir I would like to thank you, Thank you. Good luck I hope you succeed in everything you want , you deserve it. A true inspiration for people in this " social misleada " time we are living in. 👍✌

[@briankeller4480]

Seems like Tua has a good head on his shoulders. I wish him much success professionally and financially.

[@ruud.exploor]

Awesome video once again Spencer. I really like the detailed breakdown, it makes me think about my own expenses. Keep it up!

[@austinpage9463]

This is a great series. Nice job.

[@ethanlopez9069]

He's really smart and humble. I really hope he comes back from his injury better than before.

[@makemoneynow5061]

Officially, you're one of my favorite KZbinrs out here!

[@tonightsbiggestloser4163]

Pat Tillman’s story is really interesting as well.

[@shurtzryan85]

I dont give AF what a "financial advisor" says I'm getting my parents a home and car.

[@pm3550]

Well you are stupid

[@gopher6532]

maybe a car but once you get them a home then they will think you will give them wahtever they wnat

[@melatonin12]

Who said you gotta get them an expensive one tho?

[@youngatnaruto]

@@melatonin12 Well he does not give a F what a financial advisor says he will go broke giving his parents a house and a car.

[@melatonin12]

@@youngatnaruto hopefully this is only a one time thing

[@dodoontherocks]

The I8 will definitely depreciate more

[@SlimSheady5]

These are the best videos

[@taurahelms3068]

I grew up in Alabama and still watch some of the Crimson Tide games. Tua seems like a class act.

[@San_Deep2501]

Was your home a Sweet Home?

[@inamnaufer]

This is the Most useful channel ever Period

[@CotySchwabe]

Never heard of this guy but seems genuine.

[@soufiane4527]

"All his family tree is set for life"

[@Ryan_DeWitt]

You see cars and jewelry on the list, two expensive and rapidly depreciating assets, you are on the right path.

[@Noles4life77]

The Rolex not so much. Escalade yes, the bmw was used so not that much either, also the Ford Flex I mean cmon, that’s just a regular car

[@Proatcod10]

@@Noles4life77 bmw are the worst cars at holding value

[@howardbaxter2514]

I mean, I don’t think his dad is ever selling that Rolex anyways. Not to mention, an Apple Watch, in itself, is a good purchase for an athlete.

[@brotherLee340]

@@Noles4life77 the man needs a car. He is a million and spent a few more bucks than a normal person. Not like he got a Bentley or something like that. He will be ok. He saved enough money.

[@thefrenchiestfrie8118]

It looks like tua lives in the same neighborhood as deestroying

[@zesolodar]

you didnt show when he was talking about the earings he admitted it was a bad buy and he regretted it. said he could have bought cheap ones and no one would notice.

[@jono4000]

I think he didn't mention it because Tua just covered it for him so there wasn't any need

[@60bangz]

This guy is brilliant, defo different and tbh when you have that amount of money a new car isn't a problem as long as you drive it for a while

[@byronhumphrey5817]

With the way he playin right now I’m pretty sure he’ll make a lot more money

[@manniedagreat8703]

This is dope really dope I’m an athlete and just knowing these things early will help me in the long run if I have the opportunity to play at the highest level

[@HaidaWay]

I love how he said the nfl was easy and 30 min of game play later he gets bench and fitz just had to get the win yesterday. Lol

[@jackharting9002]

How can u not love Tags? I just wish he played for New England😭

[@SpencerCornelia]

I'm assuming you meant Tua lol. We'll see what kind of career he'll have. Got a good setup right now

[@futurehope5353]

How great you are 🌷

[@abrahamsoto6229]

It seems like he's being smart with his money by not buying anything extravagant. (I respect him for that)

[@kcailly1]

I like this kid.

[@jordywilliams]

Dont blow it Keep it simple Count your money

[@Steve_643]

If Tua doesn’t start playing better he’s not gonna get much more endorsement money!!!!!!

[@yeeterz4827]

What are u talking about it's his rookie year...

[@detectivebubblegum9777]

I would try to work out like a sponsorship with a dealership in the area and I’d be like “I need a car for my mom and me and I’ll give you 50k and three years of ad spots or something”

[@bryce8248]

My man blurred the address but literally showed the pin on the map, lmao.

[@SpencerCornelia]

It's public info so I didn't feel like I was doxxing him

[@nusoundent.4334]

Tualifa should follow in his brothers financial footsteps

[@MarkSmith-cp8hv]

Spot on with the car.

[@lucasborja3797]

Do the Tyler Herro one!

[@JTOShea]

It also depends on how successful he is, he definetely has the potential to be the next mahomes, but with that being said he can also have a career ending injury any day

[@zerofcksgiven8564]

Hence why he is not touching his contract money. Anything goes wrong, 19 mill is waiting for him.

[@JTOShea]

Zero F?cks Given true, always better safe than sorry

[@iamadrian52]

He's a smart dude

[@semqmorales]

Actually the i8 it’s not used the car was discontinued so the prices did went down a lot

[@lakynhintz8277]

bro if i ever get a deal with the league i’m coming to you for advice man

[@plecavalier836]

Man Tuas seems to be a fine young man

[@JadeTrading]

Wow 30M + 19M signing bonus! I can’t wait to buy my dad a new car!!👍🙌

[@dublin7]

1 Get a Financial Advisor and Business Manager. 2 Set up your own corporation e.g Tua Tagovalioa Limited. Have your money be paid into this corporation. This allows for you to avail of business tax breaks and allows for you to offset some of your taxes as business expenses. 3. Have your agent and or business manager approach numerous different sponsorship opportunities. For example, have the approach a local car dealership that will allow you to get a car for free and trade it in for another free car whenever you want. Indianapolis Colts WR Michael Pittman Jr has a deal like this in place. Get a Nike, Addidas, New Balance, Puma deal. That's clothes and cars covered. 4. Live off your endorsements and never touch your actual contract money. 5. Do not purchase a house until your second (much larger contract), Players can be traded at the drop of a hat, and having to try and sell your house is not ideal during the middle of a season. I would not recommend renting usually but in this situation, rent something nice that isn't too costly or even try and have your team pay for accommodation as part of your contract negotiations. 6. Wait until your second contract to buy mom and dad a house or if your sponsorship deals are lucrative enough, buy the house using the sponsorship money. While it is fantastic to look after the family, don't go to extravagant. A house around the $500K mark depending on what area of the country you live in is more than enough for your family to be comfortable. 7. Upskill during your Career. Do not rest on simply just being a professional athlete. Strike while the iron is hot. Prepare for life after your sports career. Go back to school and finish your degree. Reach out to numerous different organizations and build and develop relationships in what you wish to do after football. If you want to be a businessman/woman, reach out to people at the top of their field for advice and build relationships. Have your future career set up before your current career is close to finishing. 8. Diversify. If you are capable of living within your means, invest a percentage of your income ( This can still be your sponsorship money) into different opportunities. Vet these opportunities before investing. Have your financial advisor, business manager, and trusted relationships within the industry vet these opportunities before investing. 9. A prenup is key. A significant number of athletes are taken to the cleaners after their career ends and the cheques stop coming in. Prepare for the day that you hope never comes. 10. Unless you are mega-wealthy, do not buy more than one house. Yes, it is fine to have a holiday home if you plan to vacation in the same place every year but do not purchase numerous multi-million dollar properties unless you plan to rent them out while you aren't living there. Investing in property is smart business but buy an apartment building rather than a multi-million dollar home. Consistent rent from tenants and the potential to sell on for a large profit in the future is smart. 11. If possible, after your career has finished, move to a state that has 0 state income tax with Texas and Florida being the preferred destinations for most.

[@JB-kx9bx]

I wish Tua all the success in the world unless he playing against my Saints 😅

[@gavstargavstruck2010]

a good smart young man

[@JohnAC4]

He looks just like Russell Wilson. Sounds a bit like him too

[@lilchomp5057]

Who who else is here after than my first million by GQ sports

[@quattrocity9620]

Let's go Phinz!

[@markpaul4407]

His parents AND Jalen Hurts parents are classy and strong. Jalen spent his money similarly. Great young men.

[@thatboydre8649]

No wonder why gronk is always in commercials

[@judithforgony5276]

Tua will be fine,

[@nba4_973]

Usually rookies go off with money until they have a realization. I don’t see many 4th or 5th year play go crazy spending

[@SpencerCornelia]

Yea. They see what can go wrong and then are thankful they get the next contract to keep from going broke

[@nba4_973]

@@SpencerCornelia yea they get the realization that they don’t need everything they want

[@shanewright2772]

The Rolex was worth more when he walked out of the shop than he paid for it. They are what we call a Veblen good.

[@erikjohnson1956]

only thing i would say is the yukon and suburban are exactly identical to the escalade

[@Imjustacowboy]

Tua is one of the best dolphins qbs ever because he has turn around the dolphins

[@Rodrigo-is1hw]

3-0 as a starter, Let the man use his money how ever he wants. Plus his rookie contract is worth a total of 22 milly. PHINS UP

[@SpencerCornelia]

Lol you sound like a superfan. Tua will be fine, good head on his shoulders

[@x_saberblade1013]

Spencer Cornelia thats cool that you read old comments

[@SpencerCornelia]

@@x_saberblade1013 sometimes KZbin makes it easy to access comments

[@themoderndaygamer637]

Tua is a great kid from Hawaii

[@10kofficial94]

Wow!!!

[@akin242002]

Even if he bought expensive cars, he did save 50% of his post-tax signing bonus. That is roughly half of $7-$8 million ($3-$4 million). That is good enough to live off the rest of someone's life if he invests in dividend ETFs like SPHD. $3 million invested in SPHD pays $100k per year in dividends pre-tax.

[@devinmccampbell8110]

Before marshawn lynch retired from Seattle he never spent one NFL check

[@kylanyoung703]

You should do a video on Jayson Tatum he is very wise with his money.

[@WyWid]

All nba this year. Calling it. He has a ton of shoes too

[@ksmithson2859]

What? $50m contract equals $16m clear after taxes and management fees..! If that's doing well he's getting screwed

[@patricksantino4131]

Good thing he play in miami... those big cities will kill you with their taxes

[@ManOfSteel0110]

@@johncohn3172 what was the point of your comment? that’s about 50 mil total that the Dolphins are paying him... no matter upfront or in segments... so he’s right 🤦🏽‍♂️

[@johncohn3172]

@@ManOfSteel0110 www.spotrac.com/nfl/miami-dolphins/tua-tagovailoa-47598/

[@itsbritneybisch8552]

Athletes and companies who make suits should get together and create their own win-win situation.

[@JL-us2dp]

You have to be positive

[@deathblade909]

I agree with you in the car, I hate myself for buying a new car. I rather get a worthy old cat for half the price.

[@jaydom8264]

Instead of buying one really expensive home I would buy a nice one for myself in a good area and then a bunch of other places to rent out and get that money working for me. But I guess that’s obvious to a lot of people.

[@dreday2751]

All those SUVs are significantly smaller. The Tesla Model Y can get real closer to 80, 3rd row seating isn't even available yet and that's another 3k. Full sized SUVs are not cheap and he didn't even come close to the higher end. 80k for an Escalade is not even top of the line for the Escalade. The Sport Platinum trim level starts at 107k before extra options.

[@Aaron-wq3jz]

@@vazzed he is Samoan

[@jonkills2]

I don’t believe in buying yourself or other people luxury items and liability when you get that first paycheck. Invest as much as you can in the beginning and pay for it with the cash flow from your investments. This way you’ll have money coming in no matter if you get a second contract. Also, those liabilities are still there after your playing days so let the cash flow from real estate or dividend stocks pay for those expenses. 🤷🏾‍♂️🧐

[@0xggbrnr]

Notice none of the guys featured in this series say “student loans”. Lol

[@SpencerCornelia]

These guys have everything paid for when they're in college. Including cars, food, living expenses, etc. Many of the stars get money under the table from boosters too

[@0xggbrnr]

V Relax.

[@0xggbrnr]

Spencer Cornelia Yeah, I was kidding around.

[@abbasrizvi60]

I think we really need to point out that not every decision in life should be made based on money, the utility you get from spending that money is different for everyone

[@Devin-qe8sz]

To be fair he has a big family so the Escalade makes sense

[@mrno_name9518]

Bro this guy really said buy a Chevy traverse 😂 literally the worst model u can get 🤦‍♂️

[@mrwop]

Media trynna act like tua career is over

[@barackobama6965]

His brother might also make it to the nfl

[@KillaCamReacts]

nah he just had to feed the family in that moment

[@bplup6419]

Now compare this to how Dwayne Haskins spend his first million. Oof.

[@Aaron-wq3jz]

And he got benched lol