Joejuan Williams, a cornerback in his first season of the NFL, is now a member of the New England Patriots. Despite having a four-year, $6.6 million contract, he tells Boston.com that he still practices extreme financial restraint.
Williams, who grew up in poor housing with his family in Tennessee, claims that he has been conservative with money since he was a little child because of what he saw his mother going through.
A personal finance class he took in high school, according to the Vanderbilt University alum, is when he first learned about the value of saving and investing.
The newbie claims that he learned about 401(k) plans, mutual funds, hedge funds, certificates of deposit, and Roth IRAs in that class.
He claims that those financial lessons helped him make the decision to invest about 90% of the money he received from NFL checks, leaving him with just 10% for living expenses.
The 2019 draft’s 45th overall pick, Williams, says he intends to one day launch a financial literacy program to teach other high school students in underprivileged areas the value of saving and investing.
Joejuan Williams Contract
Joejuan Williams agreed to a four-year, $6,611,775 deal with the New England Patriots, which included a $2,839,384 signing bonus and a $3,624,099 guarantee.
Joejuan Williams Salary
Joejuan Williams gets paid an average of $1,652,944 per year. Williams’ base salary in 2022 will be $1,398,636, and his cap hit will be $2,108,482.
Joejuan Williams Net Worth
Joejuan Williams has an estimated net worth of $3 million in 2022