Trey Burke limits himself to monthly budget of $5,000

What would you do with a rookie salary of $2.4 million?

A number of us would probably treat is as Monopoly money, spending it recklessly and then wondering where it all went.

But not Trey Burke, whose rookie salary is roughly that amount, and who has operated on a budget since the Utah Jazz drafted him ninth overall in 2013 NBA Draft.

According to Deseret News, Burke limits his spending money to about $5,000 per month, a move that obviously requires considerable discipline for a 21-year-old.

"I never really had a lot of money growing up, so I knew I was going to need the right team around me to make sure I was managing my money right, not just splurging and blowing it on things that aren't necessary," Burke says.

With sudden wealth comes a great deal of responsibility, and Burke has used Michigan-based firm Compass Management, a company that works with young athletes' finances, for some guidance.

“When we work with Trey, for example, we’re helping him from A to Z for everything from basic private banking needs to credit management all the way through helping him establish budgets for himself and his business entities,” Compass Management head Daniel Sillman says.

Within five years of retirement, an estimated 60 percent of retired NBA players are broke.