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Phelps on Money, Mental Health, and Legacy | Durham News
Michael Phelps, the most decorated Olympian ever, reveals the real reason he pursued swimming: pure love for the sport—not money. On the “Richer Lives” podcast, he shares how rare it is for athletes to make a living from their sport, and how his mom’s reminder of a “regular nine-to-five” kept him in the pool as a kid. He credits staying true to himself and early financial savvy—like taking equity over cash—for his long-term success. Despite legal troubles, burnout, and even suicidal thoughts after a DUI, Phelps credits therapy as a sign of strength. His triumphant 2016 Rio comeback—five…
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