Serena

Serena Williams of the United States attends a press conference after winning the Final Of The Ladies’ Singles against Garbine Muguruza of Spain during day twelve of the Wimbledon Lawn Tennis Championships at the All England Lawn Tennis and Croquet Club on July 11, 2015 in London, England. (Photo by Javier Garcia – AELTC Pool /Getty Images)

Serena Williams has never worried too much about money, not only because she is one of the highest-paid athletes in the world but because her parents taught her the value of saving, rather than spending.

“I’ve actually never played for money — I just thought you would go out there and hold a trophy,” Williams told sports business manager Maverick Carter on the personal finance video series “Kneading Dough.” “Not once did I think about a check.”

When she got her first paycheck for $1 million, she didn’t take a photo for a keepsake or immediately start to spend it but instead simply took it to the bank to deposit it and then move on.

–Serena Williams still playing tennis while very pregnant–

“I never touched [the money] — just put it in the bank,” she recalled. “And I remember I went through the drive-thru to deposit my check, and then they were like, ‘I think you need to come in for this,’ and so I ended up going inside, so I was like … ‘Just put it in my account!’”

She said that her parents had instilled in her this sense of how to deal with money from a young age.

“I never ever ever felt broke,” she told Carter. “Looking back, I’m like, ‘Wow, we lived in a two-bedroom house with seven people’ … I don’t know how my parents were able to make me feel that way, but they did, and that was something really special. So I never felt when I came into money that I needed to go buy this [or that] because I never wanted anything, so it was a great way [to grow up].”

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