BallnRoll Talks Finances with Toronto Raptors Big Man Chris Boucher
On the floor, they focus on winning and getting better.
Off the floor, their mind is on protecting and growing their money. For Canadian big man Chris Boucher of the Toronto Raptors things are no different. Growing up in poverty in the streets of Quebec, Boucher has one of the more heartwarming “rags to riches” stories in the league. He has worked his way through the amateur ranks, overcoming catastrophic injuries and finding his way on an NBA roster.
Now, a two-time NBA champion, the 26-year old Boucher opened up about his mindset off the court with an exclusive interview with BallnRoll.
BallnRoll: Coming into a big amount of money at such a young age can be quite challenging. How do you remain level-headed when it comes to your spending?
Chris Boucher: Well, I’m cheap. I think that’s what it is. Having a lot of family and being at home, you realize that a lot of the stuff you could of had, you’re now able to afford. You realize you don’t want to go back to that point so you’re more cautious over what you buy. The thing that excites me the most is actually having a house and things that help out my family.
BnR: Growing up, you must’ve dreamt of buying some cool stuff. What was your first big ticket purchase?
CB: Damn, I would say having my own place. I’d say that was big for me. A place I could call home and be able to change into whatever I want. That and helping my family too, I think those two will always be high on my list.
BnR: What was your first big ticket gift for someone? What was it and for who?
CB: Flew back home with my mom to St. Lucia. She wanted to go back for so long so being able to buy her a flight home and helping her stay there for two weeks, I think that was a good time for me.
BnR: Do you have any “damn, that was a stupid purchase” moments?
CB: Not really, I haven’t done any stupid purchases yet. Everything that I buy is stuff that I need and are still useful until now.
BnR: With money comes new friends and new requests, how do you say no to friends from the neighbourhood and cousins you’ve never even heard of?
CB: My circle is small. When I was homeless, I already had my circle. My circle is still the same and if you aren’t part of that circle, it’s easy for me to say no. I was already ready for this point, a lot of people didn’t believe in me for a long time so when I got here, all the new faces who aren’t genuine, it doesn’t matter.
BnR: What type of long-term investments do you make to help this money last forever?
CB: I put a lot of my money that I get right now into my savings. I have a couple of teams, I have mortgage on apartments so I am able to rent it. Also trying to build my own brand, but for now I think that I just try to save most of my money, which is helpful right now.
BnR: To many stories of money managers using their client’s money as their own ATM machines, how involved are you with your finances and who do you trust with your money?
CB: Well, I actually take care of a lot of my own stuff. I ain’t getting that much money where I need to have somebody take care of it, I still have someone for my taxes, but for the rest of it, I do it all myself. I think I’m comfortable right now until I get my next contract.
BnR: The NBA offers many programs on the subject, have you taken advantage of any? Are they helpful?
CB: I do it in the Summer than in the season. My agents do a good job as well to help me out.
BnR: I know it’s super early, but have you thought about life after basketball? Have you planted any seeds for a future career?
CB: I graduated. I have two diplomas. I know where I wanna go and what I need to do. I have a major in psychology and a minor in sociology so I know I want to go and help people. Help kids that are struggling in life. Maybe as a therapist, so I would definitely want to do some of that. Will see, but I also have an AAU team. I want to be able to open schools and open gyms. Create basketball programs to help kids get to where I am right now.
BnR: Who is the most reckless spender on the team? Who’s the cheapest?
CB: I don’t know about the most reckless, but the cheapest? Umm, probably Malcolm [Miller]. If not, nah, it’s Malcolm.