• last year
In 2015 and 2016, boxing champion Terence Crawford raked in over $2.5 million dollars from legendary matches against Hank Lundy and Viktor Postol. From his home in Omaha, Nebraska and a private training facility to an $80K remodel of his grandma's house, here's how Terence "Bud" Crawford made, spent and saved his first million dollars.Director: Graham CorriganDirector of Photography: Carter RossEditor: Gerard ZarraGuest: Terence CrawfordProducer: Sam DennisSenior Producer: Ashley GabrielCreative Producer: Kristen DeVoreLine Producer: Jen SantosProduction Manager: Andressa PelachiProduction Coordinator: Kariesha KiddTalent Booker: Paige KefferCamera Operator: Shay Eberle GunstSound Mixer: Gray Thomas-SowersProduction Assistant: Phil Arliss; Brock SpitaelsPost Production Supervisor: Rachael KnightPost Production Coordinator: Ian BryantSupervising Editor: Rob LombardiAssistant Editor: Andy Morell
Transcript
00:00 [upbeat music]
00:02 What's up everybody, this is Terrence Crawford
00:04 and this is my first million.
00:06 [upbeat music]
00:08 My mom, she worked very hard taking care of us.
00:16 My dad was in the military.
00:18 Things that I really wanted to spend money on as a kid
00:22 was probably some Jordans.
00:24 When we get a pair of shoes, that was our basketball.
00:29 Going to school shoes, that was our everyday shoes.
00:32 When I actually started getting money from boxing,
00:37 it was in the amateurs.
00:38 I was around 17, I was getting paid from USA Boxing
00:42 and I was getting paid from A2P, Amateur to Pro.
00:45 They had a program to where they match
00:48 what USA Boxing is paying you, so I was getting double.
00:52 I was getting paid more in the amateurs
00:54 than my professional fights.
00:56 My first professional fight, I got $600.
00:59 It really wasn't till probably my 12th fight
01:03 that I got something over $2,500.
01:06 This is the details from my first big fight.
01:10 Nobody gave me any lessons on finance.
01:18 Nobody in my family ever had the type of money
01:21 that I was getting at the age that I was getting at.
01:24 I had to learn on the fly.
01:26 I had to surround myself with people that knew about money,
01:30 knew how to grow money.
01:32 Boxing is a short window.
01:34 I had to start making smart investments.
01:38 You heard how I made my first million?
01:40 This is how I spent my first million.
01:43 My house.
01:47 145, we got,
01:49 let me say 150.
01:53 So I got 150.
01:56 [camera shutter clicking]
01:58 It was a four bedroom, nice house that had just been built
02:02 in Omaha, Nebraska.
02:03 It was in a new development neighborhood
02:05 and I was searching for a house for months and months
02:09 and I just couldn't find the one
02:11 that I wanted.
02:12 Come up to the house and as soon as I went
02:14 in the front door, I knew it was the house.
02:17 I bought it on the spot.
02:18 That's the house I still live in till this day.
02:20 [camera shutter clicking]
02:24 [upbeat music]
02:27 I bought my truck, 80,000.
02:30 It was a pickup truck.
02:31 'Cause my grandpa always said,
02:32 "Every man always need a truck."
02:35 In case he need to move.
02:36 Then I bought myself Denali.
02:41 I think that was about 85.
02:44 Yeah, so I bought two vehicles.
02:46 My truck, I got everything done to it
02:53 from the dealership.
02:55 The top of the line, I undercoated.
02:57 I only had it for probably a year and a half
03:00 before I traded it in.
03:01 [upbeat music]
03:08 I bought the building for my gym
03:11 where B&B is at right now for 100,000.
03:15 B&B is a non-profit organization.
03:18 It's a gym that me and my coach Brian McIntyre founded.
03:22 We wanted to have something that we can call our own
03:26 and where we can do things our way.
03:29 Brian had the vision and he convinced me.
03:32 It turned out greater than I ever could have imagined.
03:35 That's a hint for the gym.
03:41 For years, we didn't actually have the money
03:46 to have the rings and the bags.
03:48 And we was just renting half of the building.
03:51 Once the owner passed, his wife,
03:54 she sold us the gym because she said
03:56 she would like for us to have the building.
03:58 She donated 25,000 back to the gym.
04:01 We donated a ring for her late husband
04:05 and we named the ring after him at the gym.
04:07 I just started investing.
04:16 I started buying houses.
04:17 I paid 250,000 for one of them.
04:21 I got it built from the ground up.
04:23 It had caught on fire and it was vacant.
04:30 And I just bought the land for $6,000
04:34 and then I built a house there.
04:38 That's on Terrence Bud Crawford Street.
04:44 I believe real estate is the way for me.
04:47 Guy ain't making no more land.
04:49 Somebody is getting paid from us sitting here.
04:52 Remodeling my grandma's house.
05:00 We got the trees cut down in the back.
05:02 We got the siding, we got the roof.
05:04 Top, bottom, redone.
05:06 It's probably more than that, but.
05:08 I spent $80,000 remodeling my grandma's house.
05:17 [upbeat music]
05:19 I bought my other sister a house.
05:26 I spent, can I look at my phone?
05:29 - Yeah.
05:30 [laughing]
05:33 - I'm just saying, 260.
05:36 I spent 260,000 on my other sister a house.
05:42 I bought myself a house, my sister's a house,
05:46 my grandma's house, bought the gym,
05:49 bought me two vehicles for my family.
05:53 I believe that's what I did with my first million dollars.
05:56 [upbeat music]
05:59 [upbeat music]
06:01 (bells chiming)
06:04 [MUSIC]

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