What Gold Medals Actually Pay (And Cost) With Michael Phelps | Richer Lives by SoFi

Michael Phelps turned pro at 15, won 23 Olympic golds, and pulled $10–12M a year in endorsements at his peak. On the latest episode of Richer Lives, Vivian Tu, AKA Your Rich BFF, sits down with the most decorated Olympian of all time to discuss breaking so many world records his sponsors had to rewrite his contracts, the $1 million bonus he refused to spend on himself, and how he made the transition from greatest swimmer in the history of the planet to equity investor in Talkspace and leading mental health advocate. Ready to start living a richer life? Sign up for a SoFi Checking and Savings account and start earning a higher APY (annual percentage yield) on your savings balances with eligible direct deposit (terms apply), https://www.SoFi.com/richerlives. SoFi Checking and Savings is offered through SoFi Bank, N.A. Member FDIC. Follow SoFi: https://www.instagram.com/SoFi https://www.tiktok.com/@SoFi https://twitter.com/SoFi Follow Your Rich BFF: https://www.instagram.com/your.richbff/ https://www.tiktok.com/@yourrichbff Follow Michael Phelps: https://www.instagram.com/m_phelps00 About SoFi®: A finance company that could help you get ahead. Get Your Money Right® with SoFi.