If Gronk Can Save His Money, You Can Too

The majority of NFL players blow away their salaries in the spotlight of fortune and fame, typically avoiding the looming thought of retirement from the NFL. After 5 seasons playing for the New England Patriots, Rob Gronkowski amazingly has not spent any of his $16.3 million total career salary. The 26-year-old lives off of his endorsement money from BodyArmor, SuperDrink, and Dunkin’ Donuts. Frugality and wisdom are key to preparing for retirement and Gronkowski is doing just that. Gronkowski even said that he still wears his favorite pair of jeans from high school.

He is also still making the most of his earning potential having signed a six-year, $54 million contract with an $8 million signing bonus after his second season. He has invested those earnings in tax-free municipal bonds after taking advice from his father and writes about these financial plans in his upcoming autobiography “It’s Good to be the Gronk”. He may be living like an underpaid rookie now, but he’ll certainly be going into retirement comfortably with his millions.

Written by Alison Killian

To read more from Alison click here

To read more from Business Insider click here

Alison Killian is a recent graduate of Grove City College who majored in Business Management and minored in Biology Studies. She is a contributor to Medical Groups and passionate about all facets of healthcare. She plans on continuing work in the healthcare field especially in management. She is very interested in healthcare innovation and finding ways to improve the current system. She hopes to go back to school in a few years to earn a degree in medicine.