[lighthearted hip-hop music] - Hey everybody,
this is P.J. Washington.
I'm at home, in quarantine,
practicing social distancing,
and I hope you guys are doing the same.
This is how I spent and saved my first million dollars.
Before we get started I just wanted to give a big shout-out
to all the healthcare workers.
We really appreciate what you guys are doing
for everybody in the communities.
It's a hard time for our country financially,
but I just wanted to take the time to share with you guys
how hard work has gotten me where I am today.
And I first started playing basketball
when I was like five years old.
I can remember shooting on Little Tikes rims
and then going to the YMCA and playing in the leagues
where you had to wear the same wristband
as the person you were guarding.
In like fourth grade
I had a feeling that I was better than everybody else
'cause we're at this AAU tournament
and I had like 40 points.
At that moment I was just like,
if I take this serious
I feel like I can get somewhere with this.
In high school I did have an allowance from my dad.
When I had triple-double in a game
my dad would give me $100,
so [laughing] I would be in the game
counting out all my stats every time I got something.
[laughing]
- [Interviewer] And how many triple-doubles
did you have in high school?
- I think it was like, five.
I decided to go to Kentucky
because I felt like it was the best path
for me to get to the NBA,
with John Calipari and what he does with his players.
My biggest spendings as a college student
was definitely shoes.
Any Nikes that came out I was trying to get 'em
and Jordans as well.
Also video games.
Pretty much I was a game head, I still am,
so those are my two biggest thing that I would buy.
[heavy hip-hop music]
Being drafted was kinda hard to describe
'cause in the green room whoever's getting picked next
they put all the cameras in front of your face
so you kinda know when you're getting picked.
When they accepted me with the 12th pick
I was looking down and then I looked up
and then all the cameras were in my face
so I kinda smiled a little bit.
I couldn't say anything,
so I was just excited to have my family there with me
and my agent and my coach,
Calipari as well. [camera lens clicking]
- [Interviewer] I think you and Tyler
were in the same draft, right? - Yeah.
I think we were just really excited
just to be in the green room together.
For me to go 12 and him to go 13,
I think that was really big for both of us.
I mean that night we just couldn't really
think about anything else.
My contract is four years, 17.8 million.
Once I heard the number it honestly didn't feel real.
You don't get any money 'til like November
so you don't see any checks or anything.
I mean at the time I didn't have any money
so it didn't feel like I had money.
[laughing]
It's extremely important to save your money
and it's really important to have someone that helps you
through the process.
I found my financial advisor with my dad.
Me and my dad would go around
and interview a bunch of people.
The plans we had discussed with my financial advisor,
20% of everything goes into a spending account
and 80% of everything goes into a savings account.
Growing up I've always wanted to open my own car dealership
'cause my dad used to work at a CarMax
when I was really young.
He used to come home with different cars
pretty much everyday.
So that's one of my plans,
in the future I definitely wanna own a car dealership.
Okay, we talked about how I saved money
and this is how I've spent my money.
[bouncy hip-hop music]
First thing I ever got was two apartments,
one for me and then one for my family.
Both apartments are in Charlotte
and actually they're like 10 doors apart from each other.
I got apartments in the same building
because we're a close family,
so I felt it was easier for us to spend time together
once they come to town.
Whenever my sister comes down from school
she'll stay with them.
I have a extra room in here
so my little brother stays with me.
I really wanna buy a house
but I'm saving that purchase for the future.
Just trying to think smart
and save my money the best way as possible.
Two apartments,
one for me and one for my family for the year, 60K.
[stack thuds] [register dings]
[camera lens clicking] [electricity warbles]
[playful hip-hop music]
My next big purchase,
my Porsche Panamera.
Because after my freshman year
two of my teammates had came back and they were driving 'em,
so I was like, yeah, this is the car I wanted.
So once I got all my money that's what I purchased.
I bought the car out of Louisville, Kentucky.
I went with my dad,
obviously because he was in the car business,
and my dad does a good job of negotiating
so he definitely [laughing],
he got the price down for me.
[laughing]
The Porsche was 140,000.
[stack thuds] [register dings]
The interior is red.
I pretty much have all the windows tinted as well.
Porsche upgrades, 2,300.
- [Interviewer] Did you always want a black car
or did you see that one and you were like,
that's the one?
- I mean I just felt like it was simple.
I mean it doesn't really get too dirty,
so that's why I wanted it. [laughing]
[camera lens clicking] [electricity warbles]
[bouncy hip-hop music]
I have another car.
Actually I have two other cars.
I have a Range Rover and I also have a Tesla.
I bought the Range Rover because the Porsche,
I didn't feel like, like I'm a big guy,
so the Range Rover just kinda fit better for me.
And then I also got a Tesla because my brother needs a car
and pretty much I didn't want him driving all my stuff
so I just let him use that all the time.
Range Rover, 130K.
Tesla, 112K.
[register dings]
[camera lens clicking] [electricity warbles]
[enchanted hip-hop music]
Before I got in the league I was kind of into fashion
but now that I'm in the league
I'm a lot more into it than I was.
I got a couple custom suits from,
I think the company's called Elevee
and it's out of Los Angeles.
The favorite thing I bought was probably my draft suit.
It was dark blue and black
and it had really cool designs on it.
It was dope.
Top three fashions on the team?
Definitely Dwayne Bacon, Terry Rozier,
and probably Miles Bridges.
I'm a close fourth though.
One of my teammates, Dwayne Bacon,
has his own line, it's called Bad Section.
Everybody's really into it over here in Charlotte.
My favorite shopping stores?
Barney's, Saks Fifth, Neiman Marcus,
those are pretty much the three I use the most.
- [Interviewer] What was your favorite store
before you were drafted?
[laughing]
- Probably Foot Locker [laughing],
House of Hoops.
Clothing, I spent about 80K.
[stack thuds] [register dings]
[camera lens clicking] [electricity warbles]
♪ Go on the beat ♪ [upbeat hip-hop music]
I've always wanted jewelry
but I just never wanted too much,
I just wanted a couple of chains
and maybe one or two watches.
I don't have any watches
but I have a chain and some earrings.
- [Interviewer] And where did you buy
your chain and your earring?
- Jason of Beverly Hills.
First I got a pendant.
It's kind of an emoji but it says my name.
That was like 15,000.
And then once I got the pendant I wanted a Cuban.
It's just like,
it's a Chinese emoji.
It means acceptable but it says P.J. in pare pears.
I just use it all the time on my Instagram
and then I just got a chain for it.
And after that I just got some earrings
to go with it. ♪ Go on me ♪
- [Interviewer] Are those the ones you have on right now?
- Yeah. [laughing]
All together
it was about 45,000. [stack thuds]
[register dings] ♪ Go on the beat ♪
[camera lens clicking] [electricity warbles]
[melancholy hip-hop music]
I got my first tattoo once I got to college.
It was a verse on my chest.
It was a tattoo artist in Kentucky.
I think his name is Mikey.
Yeah.
[laughing]
Once I got to the NBA I wanted to get more,
so I spent eight K on my sleeve.
Tattoos, 8,000. [stack thuds]
[register dings]
I have an all-seeing eye looking over
some doves, some crosses,
and then on the rest of the sleeve I have like,
it's like a gambling section.
And then it basically says bet on me.
I just kinda tied it into each other.
The artist is actually from Delaware
and his name is Mark Johnson.
His Instagram is @JeezyTattoos.
Dope guy, pretty much probably
one of the best tattoo artists out there.
- [Interviewer] Who has the best tattoos on the team
and who has the worst tattoos do you think?
- Honestly I think we all have good tattoos
but I think everybody has some tattoos
that they probably wish they never got.
I think we're all in both categories,
so [laughing].
- [Interviewer] Do you have plans for future tattoos?
- Tattoos hurt,
so [laughing] I just gotta think about it.
[camera lens clicking] [electricity warbles]
[soulful hip-hop music]
I wanna give a special shout-out to my best purchase yet,
my dog, his name is Zeus.
He's an XL bully.
I think he's 11 months right now.
He's about 125 pounds.
He's just lovable, he doesn't bite,
he just wants to play all day,
and whenever I'm playing my video games
he's always trying to get in the way of that,
so he just definitely wants attention all the time.
We had dogs growing up.
I had a Shih Tzu mixed with Chihuahua
and then we got a pitbull.
Once I had a USA thing,
so I went overseas and when I came back,
and nobody had told me,
but my mom had game him away.
I was kinda bummered about that one
so once I got to the NBA that was something I wanted to get.
Zeus was 5,000.
[stack thuds] [register dings]
[camera lens clicking] [electricity warbles]
[romantic hip-hop music]
And the last big purchase of the year for me
is a personal chef.
All the vets advise young guys to get a chef,
just to eat right.
You have to keep your body in tip-top shape
and eating right is one of the biggest things you need.
He cooks lunch and dinner.
Usually for breakfast I'm always at the facility eating
so I didn't want him to cook breakfast.
His name is T.K.
and one of family friends from Dallas actually knows him
so it was just a good fit for us.
I mean his food's good,
he's a good guy to be around, funny,
and he can keep up with my family as well.
The best meal that he cooks?
I like his spaghetti and meatballs.
Best I ever had.
I don't even like spaghetti and meatballs,
so once he made 'em and I ate it I was like,
it's pretty good, so [laughing].
For the year, for my personal chef, I paid 40,000.
[register dings]
[camera lens clicking] [electricity warbles]
[romantic hip-hop music]
Actually I have a whole little gaming center
in one of my rooms.
I just bought it like a couple weeks ago.
I got a gaming chair, a gaming table,
and then like a monitor.
Favorite games to play right now
are definitely Call of Duty and 2K.
- [Interviewer] Are you playing a lot in quarantine?
- I mean there's nothing else to do,
so whenever I'm waking up
I'm going straight to the video game.
[laughing]
Video games sell at 500 bucks.
[stack thuds] [register dings]
[camera lens clicking] [electricity warbles]
So far I've spent 622,300.
The rest of my first million went to saving and investments.
I didn't know I spent that much
but I don't have any regrets.
I feel like all of my purchases were good purchases
and so I'm pretty good with what I got.
My advice for the next draftees,
just to make sure you save as much as possible.
Get what you want but at the end of the day
just make sure you're saving.
I'm an athlete so obviously I have a job
that's hard on my body and I have to make sure
that I'm set up for the future.
Thanks everybody for watching.
Hope you guys are social distancing
and being as safe as possible,
washing your hands, wearing masks.
I hope to see you guys on the court as soon as possible.