Daymond John is offering up financial advice to new UFC star Kris Moutinho … after the crazy tough fighter admitted to TMZ Sports he has no clue what to do with his $75K bonus check.
The Shark Tank star and business mogul joined “TMZ Live”for his weekly “Follow The Money”segment … and laid out exactly how Moutinho should allot the cash.
Pay your manager, start a corporation, write-off expenses, and open an account to save money are just a few of the tips John recommended Kris follow.
Remember, “Suga”Sean O’Malley peppered Kris with 230 significant strikes during their UFC 264 matchup … but WOULD NOT QUIT. Moutinho ultimately lost, but Dana Whitegave him the $75K Fight of the Night bonus … money KM admitted he had no idea to manage.
And, get this, Daymond — who’s an extremely busy guy — actually offered to work with Kris one-on-one … and help Moutinho get his finances together.
“This young man is gonna be getting a lot of checks. He’s my new favorite, and if he wants to call me, I’m gonna help him put that money in the right place, stay protected, and grow that money,” Daymond says.
“And, I have a lot of good friends who would love to help him financially and show him what to do, cause he was smart enough to know he did not know what to do with that type of money, and many of us need to act like that when we get money.”