NFL Players And Cash

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

I’ve to say that it may be very tough to go from being younger and having no cash to being younger and a millionaire because you don’t know how you can be financially responsible. It is just like winning the lottery, and as you know from reading about lottery winners, most lottery winners go broke within 10 years after profitable the lottery. Well, it is just not that a lot different with professional sports players. The reason for this is most professional athletes, and lottery winners, had been by no means taught money administration skills. Going from being broke sooner or later to being a millionaire the next day is a big change in your life, largely because after you have money, everybody desires you to present it to them, and more often than not you do.

I came from a single household dwelling without a father, which is something many professional NFL players have in common. I am additionally African American and my household didn’t have a lot of money, which can also be quite common among NFL players. Because of this, I used to be never taught easy methods to manage money responsibly and plan for my future. I went from being broke in the future to being drafted into the NFL and turning into a millionaire.

An enormous problem with being young and having some huge cash is the pressure by just about everybody together with fellow players to spend some huge cash very quickly. When you are rich, everybody needs your money, particularly your family and friends. My mother, aunts, uncles, cousins, friends, etc. all needed to borrow cash from me. And of course I gave it to them. Then, you’ve got girlfriends and wives who need you to buy them a number of costly presents like cars, jewelry and clothes because you are rich and they need 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 probably the worst of all is the opposite players because when it comes to money it is the blind leading the blind. All of us spend our money as if it will never run out because we are uneducated in monetary responsibility. For instance, for you to be cool and respected by the other players, it’s important to keep up with them. So, if one player buys a new SUV, you wish to purchase one too. I mean, you possibly can’t be an NFL player and drive a traditional automobile like a Honda Civic. You must drive an expensive Hummer, Cadillac Escapade, BMW, Mercedes, Porsche, etc.

You additionally have to have an enormous expensive house. All the opposite players do and if you just live in an average house, they look down at you. So, we spend a fortune shopping for enormous houses for ourselves and for our dad and mom that we don’t need. And of course there’s the jewelry. We spend a lot cash on jewelry it is insane. It is nothing for a player to spend $a hundred,000 a 12 months or more buying jewelry, and that’s just for us. That does not embrace all the jewelry we buy for our family, wives, and girlfriends. It’s all extremely irresponsible. But, when you’ve so many individuals putting pressure on you day-after-day to purchase things and keep up with the other NFL players, it becomes much easier to say yes than to say no, whilst you’re watching all of your money disappear.

One other problem is as a wealthy NFL player, you might be expected to flip the bill for everything. Whenever you go out to restaurant, you are the person who pays for everybody. And, while you exit with different players or your buddies, it is always to a elaborate club where we go to the VIP part and spend hundreds of dollars on fancy champagne and drinks–for everybody. I have known players who have spent over $25,000 in a single night time at a club. After which they go and do it again and again to allow them to be the “big man.”

Another problem NFL players have is ladies who’re after us for our money and our status. And lots of of these ladies are gold diggers. If we were not rich athletes these lovely women would probably not look twice at us. But now that we’re rich and well known, ladies chase us constantly. This virtually always leads to us marrying a woman we should not marry and then getting divorced after a couple of years and losing a large proportion of our money within the divorce. I made this mistake myself and it value me dearly and still costs me.

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