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

I’ve to say that it may be very difficult to go from being younger and having no cash to being younger and a millionaire because you don’t know how one can be financially responsible. It is just like successful 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 just isn’t that much completely different with professional sports players. The reason for this is most professional athletes, and lottery winners, had been never taught money administration skills. Going from being broke sooner or later to being a millionaire the next day is a large change in your life, mostly because upon getting money, eachbody desires you to offer it to them, and most of the time you do.

I came from a single family dwelling 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 manage cash responsibly and plan for my future. I went from being broke someday to being drafted into the NFL and becoming a millionaire.

A huge problem with being younger and having some huge cash is the pressure by just about eachbody together with fellow players to spend some huge cash very quickly. If you find yourself rich, eachbody needs your cash, particularly 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 might have girlfriends and wives who want you to purchase them a lot of expensive presents like vehicles, jewelry and garments because you might be rich and so they want to show off to their friends. You also have charities, investors, and businesspeople all asking to your cash–and you end up giving it to them.

However 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 are uneducated in monetary responsibility. For instance, for you to be cool and revered by the opposite players, it’s important to keep up with them. So, if one player buys a new SUV, you need to purchase one too. I imply, you can’t be an NFL player and drive a traditional automotive like a Honda Civic. You have to drive an expensive Hummer, Cadillac Escapade, BMW, Mercedes, Porsche, etc.

You additionally have to have an enormous expensive house. All the other players do and in case you just live in an average house, they look down at you. So, we spend a fortune shopping for huge houses for ourselves and for our mother and father that we don’t need. And of course there’s the jewelry. We spend so much cash on jewelry it is insane. It isn’thing for a player to spend $one hundred,000 a 12 months or more shopping for jewelry, and that is just for us. That does not include all of the jewelry we buy for our household, wives, and girlfriends. It is all extraordinarily irresponsible. However, when you have so many people placing pressure on you day-after-day to purchase things and keep up with the opposite NFL players, it becomes much simpler to say yes than to say no, even as you’re watching all your money disappear.

One other problem is as a rich NFL player, you might be expected to flip the bill for everything. Everytime you go out to restaurant, you’re the one who pays for eachbody. And, whenever you exit with different players or your buddies, it is always to a fancy club where we go to the VIP section and spend 1000’s of dollars on fancy champagne and drinks–for everybody. I have known players who’ve spent over $25,000 in a single evening at a club. After which they go and do it time and again so they can be the “big man.”

Another problem NFL players have is girls who’re after us for our money and our status. And plenty of of those girls are gold diggers. If we were not rich athletes these lovely girls would probably not look twice at us. But now that we are rich and well known, women 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 shedding a large proportion of our cash in the divorce. I made this mistake myself and it price me dearly and still costs me.

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