December 19th 2023.
Cam Newton, former NFL quarterback, has been out of the league since 2021. Even though he's no longer playing, he's still making money due to smart investments. Recently, Newton appeared on the show 'Assets Over Liabilities' and explained that he invested in a sports league and made four times what he initially invested.
The athlete had a realization that the money he made from football wouldn't last forever. He said, "Football’s contracts was always gonna be what it was, but when you talk about everything outside of football, or even investing, sort of to speak, these are the things that I was really trying to find out. Like, is this a good deal versus is this a bad deal?"
The wise investment Newton made was in the Ultimate Fighting Championship back in 2016. He put in $250,000 and made over $1 million after the league was bought out. Newton commented, "I put as much as I possibly could in there… I tried to invest more, and then, a couple of years ago, I get an email and it’s like, ‘UFC has just been bought out. We’re gonna cash you out for it.’"
The email allowed him to make a great amount of money without having to do much. Even though he was released from the New England Patriots in 2020, he hasn't retired and still sees himself playing in the league in the future, even as a backup if given the chance.
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