Presented by Straight Talk Wireless | Philadelphia Eagles quarterback Jalen Hurts' started cutting grass in the sixth grade. Now he's on a four-year $6.02 rookie contract after being selected by the Eagles in the second round of the 2020 NFL Draft. From $30K on living expenses to $60K on his sister's tuition, find out everything Jalen Hurts spent the first million dollars in the NFL on.
JALEN HURTS: I remember as a kid, I've always wanted to be on the cover of GQ. Be on the cover of GQ. That's where it's at. What's going on GQ? This is Jalen Hurts here, and this is how I spent and saved my first million dollars.
I'm originally from Houston, Texas, born and raised. I always talk about how impactful it was on my life being a coach's kid. Football is something that's deeply rooted into my family. The Friday Night Lights in Houston, Texas, being there, watching my dad coaching, even watching my brother my older brother play. I have a lot of memories out there in Houston, Texas through football, and just my childhood, being a ball boy on the sidelines, all those good things.
- Did you have any jobs growing up?
JALEN HURTS: I used to cut grass. I started in like the sixth grade, into high school, and yeah. I just put the equipment on my dad's truck. I'd tell them, Hey, I got to go cut a yard over here. I actually got stronger pushing a lawn mower too. Nice little workout. When I went to Alabama coming out of high school, I was going into a situation where they had already had four, five star quarterbacks there. Coach said he believed in me enough to give me the opportunity to go in there, and I end up taking it over. Then, I just go to Oklahoma, and it was kind of like-- Me and coach Riley, we were-- you know, we were like this. I'm blessed to have played for both programs, and be a part of both programs' history.
I was drafted in the second round of the 2020 draft. I was really excited. I know the history in Philadelphia and the pride. You know, I go back and watch it, and it gives me chills just seeing the reaction of my mom, you know, my dad, my brother, my sister. I mean, just the emotion in the video. And I was just ready to go to work at that moment. I was just ready to get out there. you can see the details of my rookie contract right here.
JALEN HURTS: Of my first million, I probably spent 165, $165 thousand.
- Did you hire a financial advisor?
JASON HURTS: I did, and I think that very essential, when it comes to saving and managing your money.
- What are some tips of smart ways they can save their money?
JALEN HURTS: There are a ton of ways you can save money and be smart about your money. Instead of buying a brand new car, because the depreciates as soon as you get off the lot, you can buy a used car, or leased car. Instead of going out to eat all the time at these five star restaurants, you can simply cook at home, or person like me, I'ma take me a few to go place from a facility. And the third way you can save money, is on the phone plan like Straight Talk, because it runs on the same major networks like other brands, but that allow you to save a lot of money. Instead of hiring a landscaping company, you can hire a local kid from the community to come cut your grass, like I used to do.
So we talked about how to save my money. Now let's talk about how I spend my money.
JALEN HURTS: The very first thing, went to the mall in Philadelphia, I got a Philly cheesesteak from Larry's of course, and I went and got some Philadelphia gear. I got some [? bomber ?] jackets. A Kolby one, I got an Eagles one, I have a Phillies one. All the Philadelphia gear I got probably added up to like $1,000.
- How much was the Philly cheesesteak?
JALEN HURTS: Probably like $13.00. Philadelphia gear, when I first got my money, 1,000. And a Philly cheesesteak, $13.00.
The [? bomber ?] jackets, this is probably the most thing I wear all the time. I wear that the most. I got some jewelry, I got some-- I'm not showing it though. I got a few chains and a bracelet. I've never had a real chain, not like this so I got me some real jewelry. Ordered me some stuff online, some clothes, get me some shoes, probably like $25 to $30. I'll put up $30. $30,000, my first year in fashion.
- What do your chains say? Where did you get them made?
JASON HURTS: Um, I got them in Atlanta. They say rare breed, untamed, and it's the omega pendant, omega sapphire,
- Cool. How did you find your jeweler?
JALEN HURTS: He really just DMed me. I was like, he got some reasonable prices, so I'ma go with him.
Charity's probably like the biggest one. So this Christmas, towards the end of the year, the holiday season came around. I was in search of a family I just want to bless. Some holiday spirit, trying to give back, show some uplift and some service. I actually met this family through Alex's Lemonade Stand. It's the foundation in Philadelphia that basically supports cancer research, and I got to meet the family, and I got to meet Erick. Erick has a very rare cancer, and he beat it. Most of what I told Erick I was like, is there anything that you want Santa to come give you, or anything that you want to ask Santa? And he didn't really have much. And I said, I'll see what I can do. And that's when the video came out where I surprised him with the $30,000 check for a down payment on a new house. I pretty much got him everything game you can imagine, every system, new TV.
For charities and giving back, for my rookie year, 60k. That's was matters the most.
For rent, Wi-Fi, phone bills, all this different stuff, $30,000 this year. I didn't buy a house or anything like that when I got drafted because it was just me. I didn't need this big place just for myself. I just got me a little apartment, something small that'll last me for the time being.
- What about when you go home to Houston? Do you stay with your family, or do you rent a play?
JALEN HURTS: Nah, I stay at mamma's house. My mom and my grandma, they won't let me stay anywhere else.
Business fees. So obviously as a professional athlete, you have people that work for you and do things for you, and it don't come free. So for my agent, my financial advisor, I spend about $20 my rookie year. I've spent $20,000 on business fees this year.
Off-season training, as well as just taking my body for my rookie season, whether it be massages, different types of treatments, acupuncture, cryotherapy, just really take your body, putting the right things into your body, not eating you know, junk. So $10,000 for training and self care. I'm actually in Dallas working out with Bobby [? Stroot. ?] He's trained a lot of great players, and I'm out here working with him and that's not free either so, I had to take care of that too.
Noticed some things my mom wanted done around the house. Helping around the house back home, I put 15k on that. Remodeled the bathrooms. She got some new wood on the floors, new bedroom in there, some bedroom renovations. I think giving back to my parents is very important to me. I love both of my parents dearly, and I wouldn't have none of this if it weren't for them, so I'm very thankful for them.
Speaking of giving back to my family, I gave my brother $1,000 for his wedding. Couldn't even go, because I had a game, but I gave him $1,000. We're very close. And my brother coaches with my dad at [INAUDIBLE] High School, so I have a great relationship. I wouldn't be where I am today. Just watching him play as a younger brother, taking me a long way.
I don't see the need to get a brand new car. My 300 ride just goes right to me, so I got that car when I was in college. A used car, low mileage. Having the money I have now, I have the capabilities of paying it off, so I spent $10,000 paying my car off when I got my first mil.
JALEN HURTS: So I haven't spent a million yet, but I know at some point, I have a few things that I want to buy. I have $15,000. Somebody told me that was a reasonable number for a vacation for the future. So I'll go to a nice place, spend $15,000 on a vacation, or vacations, whether it be with my family or some loved ones, some friends. Go on a vacation. I still haven't got my passport, so I need to come on with that. I know I want to go on a Safari vacation, but I'm not too sure yet, so I got to continue to do my research on it.
I haven't really talked about this one to anybody yet, not even my parents, or my sister even. Just in case she needs it in the future. She's 16 now, and she's gonna go to college one day. She's going to do great things, and just in case she needs it, I have 70. $70,000 set aside for her to go to college, just in case you need it. She plays volleyball, so she could very well get a scholarship and go play somewhere for free. My brother and I, she's the smartest without a doubt. She's in her own world when it comes to that, and we were smart.
So as you can see, I try to be pretty smart about how I save my money. So the rest of this, it's all in the savings.
Savings. All this money here, in with the savings. If I could give any advice to a rookie coming into the NFL, having this amount of money for the first time ever in your life, be wise with your choices and decisions. I know you have things that you've always dreamed of having maybe, and that's perfect. Go get it. You earned it, you know what I'm saying? But also, be smart and mindful and prepared. They go with by quick, so give that Uncle Sam his [INAUDIBLE].
That's it, everybody. I appreciate you guys for tuning in. That's how I spent my first million, and I catch you guys on the football field, flag in flight.