Putting your money to work can go a long way. For NFL player Glover Quin, various investments will likely double his income, reports Michael Rothstein of ESPN.
Quin, who was drafted by the Houston Texans in 2009 and now plays for the Detroit Lions, started investing early: For the first three years of his career, he saved 70% of his take-home pay and invested a chunk of it in well-known, publicly traded companies. He and his family lived off the rest, about $6,000 a month.
After signing a five-year $23.5 million contract with the Lions in 2013, Quin adopted a riskier investment strategy: He now puts 10 to 20% of his wealth towards funding start-ups, including Health Warrior and PeerWell.