“Save your money. Don’t be foolish with it,” Tony Garoppolo says he taught his son. But Garoppolo’s dad, Tony, who retired as an electrician after 40 years, gave him some simple but important money advice early on.
On Tuesday, Garoppolo teamed up with his dad to participate in National Signing Day with SkillsUSA and Home Depot that encourages high school seniors to pursue careers in the skilled trades. When it comes to investing, Garoppolo says finance isn’t really his forte, so he makes sure to surround himself with the right people to help him make good investment decisions.
“I’m a spender, but I’d say for the most part I’m a saver. I look for the long term more than the short term,” Garoppolo tells CNBC Make It. “I’ve leaned on them heavily to guide me in the right direction and kind of show me the ropes,” he says.
Garoppolo, on the other hand, describes himself as both a spender and a saver. “I think [Jimmy] has a good feel for [his money] and has good people around him and he’s not being foolish with it,” Tony says.
Garoppolo says he is also intrigued by cryptocurrency. “I’m not currently invested in any but trying to figure out which one I want to [invest in],” he says. “I know I’m late to the game.” “I’m still learning literally every day about it,” he says. “But for the most part, just the slow and steady approach [to investing] — ‘let your money work for you’ is the greatest thing I’ve ever heard.”
In addition to money advice, Garoppolo learned what he calls a “blue collar mindset” from his dad, which includes working hard and staying “cool.” As for NFTs, which have become increasingly popular and profitable in sports memorabilia, “they are a little confusing to me still,” he says. Garoppolo says a lot of his teammates own crypto, and he has heard just about every pitch you can imagine. But “[I’m] still learning about it,” he says.
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