NFL Players And Money


NFL Players And Money

One of the questions individuals always ask me about being an NFL player is, «what’s it like making a lot money at such a young age?»

I have to say that it is very troublesome to go from being young and having no money to being younger and a millionaire because you do not know how you can be financially responsible. It’s just like winning the lottery, and as you know from reading about lottery winners, most lottery winners go broke within 10 years after successful the lottery. Well, it is not that much different with professional sports players. The reason for this is most professional athletes, and lottery winners, were never taught cash administration skills. Going from being broke one day to being a millionaire the next day is a large change in your life, principally because after getting cash, everybody wants you to present it to them, and most of the time you do.

I got here from a single household home without a father, which is something many professional NFL players have in common. I am additionally African American and my household did not have a lot of money, which is also very common amongst NFL players. Because of this, I used to be by no means taught how you can handle money responsibly and plan for my future. I went from being broke someday to being drafted into the NFL and becoming a millionaire.

An enormous problem with being young and having some huge cash is the pressure by just about eachbody including fellow players to spend a lot of money very quickly. If you end up rich, eachbody needs your money, especially your loved ones and friends. My mother, aunts, uncles, cousins, friends, etc. all wished to borrow money from me. And naturally I gave it to them. Then, you’ve got girlfriends and wives who want you to purchase them plenty of costly presents like vehicles, jewelry and garments because you’re rich and so they wish to show off to their friends. You also have charities, investors, and businesspeople all asking to your money—and you end up giving it to them.

But possibly the worst of all is the other players because when it comes to cash it is the blind leading the blind. We all spend our money as if it will never run out because we’re uneducated in financial responsibility. For example, for you to be cool and respected by the opposite players, you need to keep up with them. So, if one player buys a new SUV, you need to purchase one too. I imply, you’ll be able to’t be an NFL player and drive a standard automobile like a Honda Civic. You need to drive an expensive Hummer, Cadillac Escapade, BMW, Mercedes, Porsche, etc.

You additionally should have an enormous expensive house. All the other players do and for those who just live in an average house, they look down at you. So, we spend a fortune buying large houses for ourselves and for our mother and father that we do not need. And of course there is the jewelry. We spend a lot cash on jewelry it is insane. It isn’thing for a player to spend $a hundred,000 a 12 months or more buying jewelry, and that’s just for us. That doesn’t embody all of the jewelry we purchase for our family, wives, and girlfriends. It is all extraordinarily irresponsible. However, when you’ve gotten so many people placing pressure on you on daily basis to buy things and keep up with the opposite NFL players, it becomes a lot simpler to say yes than to say no, whilst you’re watching your whole money disappear.

One other problem is as a rich NFL player, you’re expected to flip the bill for everything. Everytime you exit to restaurant, you are the person who pays for eachbody. And, whenever you go out with different players or your buddies, it is always to a elaborate club where we go to the VIP section and spend thousands of dollars on fancy champagne and drinks—for eachbody. I’ve known players who’ve spent over $25,000 in one night at a club. And then they go and do it again and again so they can be the «big man.»

One other problem NFL players have is women who are after us for our cash and our status. And plenty of of those girls are gold diggers. If we were not rich athletes these lovely women would probably not look twice at us. However now that we are rich and well known, women chase us constantly. This almost always leads to us marrying a woman we shouldn’t marry after which getting divorced after a few years and shedding a large percentage of our cash within the divorce. I made this mistake myself and it cost me dearly and still costs me.

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