Ending Soon! Save 33% on All Access

Nobody Will Take Care of Your Money Better Than You Troy Murphy, founder of Sweven Wealth and NBA veteran, discusses what it takes for athletes and entrepreneurs to build their wealth.

By David Meltzer

Opinions expressed by Entrepreneur contributors are their own.

Troy Murphy, 12-year NBA veteran and founder of Sweven Wealth, talks about the value that comes with educating yourself about wealth management and financial literacy. Murphy also breaks down the eye-opening experience he had with his first financial advisor and his inspiration to start a wealth management firm that donates all of its profits to financial literacy organizations.

Murphy and The Playbook host David Meltzer chat about the lack of financial literacy within the NBA and within the world population as a whole, as well as the cost of not having a financial education. The pair discuss topics such as their favorite books about finance and wealth management and the difficulties caused by trying to time the bottom of a market.

Related: How to Turn a Hobby Into a Profitable Business

David Meltzer

Co-Founder of Sports 1 Marketing, Speaker, Author and Business Coach

David Meltzer, co-founder of Sports 1 Marketing and host of Entrepreneur's podcast, “The Playbook”, is a Top 100 Business Coach, global public speaker and three-time international best-selling author who has been honored by Variety as “Sports Humanitarian of the Year”.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

More from The Playbook

This Yogi, Mystic and Founder Explains How to Become One With Everything, Understand Your Destiny and Live a Long Life

How This Water Company Is Helping the Environment by Eliminating Plastic Waste

3 Things Investor Look for When They Hear Your Pitch for the First Time

The Future of Lacrosse and Sports Media With Paul Rabil

Business Solutions

Improve Your Work Computer with Windows 11 Pro for Just $25 Through May 31

Set yourself up for success with access to this operating system's advanced security, collaboration tools, and ongoing updates.

Leadership

8 Subtle Hints that People Don't Respect You — and How to Fix Them

While you have to earn respect, you don't have to deal with disrespect in the meantime.

Leadership

Are You a Visionary Leader? Here's How to Tell (and What You Can Do to Become One)

What the world needs now is leaders who think differently. How do you stack up?

Business News

Google's New AI Search Results Are Already Hallucinating — Unless You Like Making Pizza Sauce With a Side of Glue

From pizza sauce recipes to fun facts, some AI search results need a fact-checker.

Leadership

Do You Lack Confidence as a Leader? Here Are 4 Things You Can Do to Boost It.

How leaders can transform their insecurities into opportunities for growth, propelling themselves and their teams toward unparalleled success.