Nfl Players And Money

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

I have to​ say that it​ is​ very difficult to​ go from being young and having no money to​ being young and a​ millionaire because you do not know how to​ 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 winning 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 money management skills. Going from being broke one day to​ being a​ millionaire the​ next day is​ a​ huge change in​ your life,​ mostly because once you have money,​ everybody wants you to​ give it​ to​ them,​ and most of​ the​ time you do.

I came from a​ single family home without a​ father,​ which is​ something many professional NFL players have in​ common. I am also African American and my family did not have a​ lot of​ money,​ which is​ also very common among NFL players. Because of​ this,​ I was never taught how to​ manage money responsibly and plan for my future. I went from being broke one day to​ being drafted into the​ NFL and becoming a​ millionaire.

A huge problem with being young and having a​ lot of​ money is​ the​ pressure by just about everybody including fellow players to​ spend a​ lot of​ money very quickly. When you are rich,​ everybody wants your money,​ especially your family and friends. My mother,​ aunts,​ uncles,​ cousins,​ friends,​ etc. all wanted to​ borrow money from me. And of​ course I gave it​ to​ them. Then,​ you have girlfriends and wives who want you to​ buy them lots of​ expensive presents like cars,​ jewelry and clothes because you are rich and they want to​ show off to​ their friends. You also have charities,​ investors,​ and businesspeople all asking for 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​ money it​ is​ the​ blind leading the​ blind. we​ all spend our money as​ if​ it​ will never run out because we​ are uneducated in​ financial responsibility. For example,​ for you to​ be cool and respected by the​ other players,​ you have to​ keep up with them. So,​ if​ one player buys a​ new SUV,​ you want to​ buy one too. I mean,​ you can’t be an​ NFL player and drive a​ normal car like a​ Honda Civic. You have to​ drive an​ expensive Hummer,​ Cadillac Escapade,​ BMW,​ Mercedes,​ Porsche,​ etc.

You also have to​ have a​ huge expensive house. All the​ other players do and if​ you just live in​ an​ average house,​ they look down at​ you. So,​ we​ spend a​ fortune buying huge houses for ourselves and for our parents that we​ do not need. And of​ course there is​ the​ jewelry. we​ spend so much money on​ jewelry it​ is​ insane. it​ is​ nothing for a​ player to​ spend $100,​000 a​ year or​ more buying jewelry,​ and that is​ just for us. That does not include all the​ jewelry we​ buy for our family,​ wives,​ and girlfriends. it​ is​ all extremely irresponsible. But,​ when you have so many people putting pressure on​ you every day to​ buy things and keep up with the​ other NFL players,​ it​ becomes much easier to​ say yes than to​ say no,​ even as​ you are watching all of​ your money disappear.

Another problem is​ as​ a​ wealthy NFL player,​ you are expected to​ flip the​ bill for everything. Whenever you go out to​ restaurant,​ you are the​ person who pays for everybody. And,​ when you go out with other players or​ your buddies,​ it​ is​ always to​ a​ fancy club where we​ go to​ the​ VIP section and spend thousands of​ dollars on​ fancy champagne and drinks—for everybody. I have known players who have spent over $25,​000 in​ one night at​ a​ club. And then they go and do it​ over and over so they can be the​ “big man.”

Another problem NFL players have is​ women who are after us for our money and our status. And many of​ these women are gold diggers. if​ we​ were not rich athletes these beautiful women would probably not look twice at​ us. But 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 and then getting divorced after a​ couple of​ years and losing a​ large percentage of​ our money in​ the​ divorce. I made this mistake myself and it​ cost me dearly and still costs me.

In close,​ being a​ wealthy athlete is​ much more difficult than people think because there is​ so much pressure on​ us to​ spend our money as​ quickly as​ possible. Money magnifies problems,​ it​ does not eliminate them as​ most people think it​ does.

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