Baron Davis, then 19, signed the following: $2.7 millionagreement with the NBA’s Charlotte Hornets. The former NBA basketball star, now 42 years old wishes that he had started investing the money immediately.

Davis tells us that “knowing now what I know, I certainly wish I would’ve taken the onus of investing more and being an angel entrepreneurial investor,” CNBC Make It.

Davis made more during his 14-year NBA tenure than any other player. $147 million. He says that he is now investing some of the money in cryptocurrencies. creating a metaverse. In the most recent Season of Deluxe Corporation’s Financial Services Company, he is also a small-business advisor. Small Business Revolution documentary series.

Today, Davis gives rookies simple advice. Take $25,000, and invest it in a business plan or investment. He tells them to consider that money “burnt” — and to do it regardless of what their agents recommend.

Let’s do that! [$25,000]”There is a graduate or business school that suits you,” he states. You can track your progress and this is the place you’ll learn.

Davis said he retired from NBA in 2016 but that he had learned the importance of investing. a few years into his NBA career He bought an equity stake in Vitaminwater. He was in 2007, Coca-Cola acquired Vitaminwater for $4.1 billion, netting Davis an undisclosed — but reportedly lucrative — return on his investment. CNBC Make It asked Davis to comment but Davis did not immediately reply.

Davis claims that he has been lucky with his investments since then.

This ex-point guard was an investor in Thrive Market. It is a membership-only, online grocery company that was established in 2014. The pandemic was a catalyst for the company’s growth, which now generates an annual revenue of $120 million. according toModern Retail. (Thrive Market has not yet responded to CNBC Make It’s request for comment.

Davis also co-founded several start ups including The Black Santa Company, a retailer and an events company. Business Inside the Game (BIG).

He took these experiences as a learning point. Before investing in a company make sure you know how to be of assistance to them. Davis believes his secret sauce is his network. “master connector,”He says that he uses his network to sell start-ups.

As for his cryptocurrency interests, Davis declined to disclose any specific investments — but noted that he’s trying to assemble a metaverse that honors talented NBA players who don’t get into the Basketball Hall of Fame.

He said, “We want their celebration in our metaverse” and Hall of Fame history.

Don’t miss:

Ex-NBA star Jalen Rose on why he hasn’t invested in crypto: ‘I can’t tangibly touch and feel it’

NBA legend Charles Barkley: My advisors ‘don’t believe in crypto’

NBA legend Shaquille O’Neal explains why he hasn’t invested in crypto