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 younger age?”

I have to say that it may be very difficult to go from being young and having no cash to being younger and a millionaire because you do not 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 profitable the lottery. Well, it is just not that a lot totally different with professional sports players. The reason for this is most professional athletes, and lottery winners, have been by no means taught money administration skills. Going from being broke sooner or later to being a millionaire the subsequent day is a huge change in your life, largely because once you have cash, eachbody needs you to give 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’m also African American and my family didn’t have some huge cash, which is also quite common amongst NFL players. Because of this, I was by no means taught how one can 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 younger and having a lot of money is the pressure by just about eachbody together with fellow players to spend some huge cash very quickly. When you’re rich, everybody wants your money, especially your family and friends. My mom, aunts, uncles, cousins, friends, etc. all wished to borrow cash from me. And naturally I gave it to them. Then, you’ve got girlfriends and wives who want you to purchase them a number of expensive presents like cars, jewelry and clothes because you might be rich and so they need to show off to their friends. You also have charities, traders, and businesspeople all asking on your cash–and you find yourself giving it to them.

However probably the worst of all is the opposite players because when it comes to cash it is the blind leading the blind. All of us spend our money as if it will by no means run out because we’re uneducated in financial responsibility. For instance, for you to be cool and respected by the opposite players, it’s important to keep up with them. So, if one player buys a new SUV, you need to buy one too. I imply, you may’t be an NFL player and drive a traditional automobile like a Honda Civic. You have to drive an costly Hummer, Cadillac Escapade, BMW, Mercedes, Porsche, etc.

You additionally must have a huge costly house. All the other players do and in the event you just live in a median house, they look down at you. So, we spend a fortune buying enormous houses for ourselves and for our mother and father that we don’t need. And naturally there may be the jewelry. We spend a lot cash on jewelry it is insane. It is nothing for a player to spend $a hundred,000 a year or more shopping for jewelry, and that’s just for us. That doesn’t embrace all the jewelry we buy for our household, wives, and girlfriends. It’s all extremely irresponsible. However, when you’ve so many individuals putting pressure on you day-after-day to buy things and keep up with the opposite NFL players, it turns into much easier to say yes than to say no, whilst you might be watching your entire cash disappear.

Another problem is as a wealthy NFL player, you might be anticipated to flip the bill for everything. Everytime you go out to restaurant, you are the one that pays for eachbody. And, whenever you exit with other players or your buddies, it is always to a flowery club where we go to the VIP part and spend thousands of dollars on fancy champagne and drinks–for everybody. I have known players who’ve spent over $25,000 in one night at a club. And then they go and do it over and over to allow them to be the “big man.”

One other problem NFL players have is ladies who are after us for our cash and our status. And plenty of of those ladies are gold diggers. If we weren’t rich athletes these lovely girls would probably not look twice at us. However now that we’re rich and well known, ladies chase us constantly. This nearly always leads to us marrying a girl we shouldn’t marry and then getting divorced after a few years and losing a big share of our money in the divorce. I made this mistake myself and it value me dearly and still prices me.

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