One of many questions individuals always ask me about being an NFL player is, “what is it like making a lot money at such a younger age?”
I have to say that it is very difficult to go from being young and having no cash to being younger and a millionaire because you don’t know learn how to 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 winning the lottery. Well, it is just not that a lot completely different with professional sports players. The reason for this is most professional athletes, and lottery winners, have been by no means taught cash management skills. Going from being broke someday to being a millionaire the subsequent day is a large change in your life, largely because upon getting cash, everybody needs you to provide it to them, and most of the time you do.
I came from a single household residence without a father, which is something many professional NFL players have in common. I am also African American and my household did not have a lot of money, which is also quite common amongst NFL players. Because of this, I was 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 turning into a millionaire.
An enormous problem with being younger and having some huge cash is the pressure by just about everybody together with fellow players to spend a lot of money very quickly. When you’re rich, eachbody wants your cash, especially your loved ones and friends. My mother, aunts, uncles, cousins, friends, etc. all needed to borrow money from me. And of course I gave it to them. Then, you’ve girlfriends and wives who need you to buy them numerous costly presents like cars, jewelry and garments because you’re rich they usually want to show off to their friends. You also have charities, traders, and businesspeople all asking for your money–and you end up giving it to them.
But presumably 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 by no means run out because we are uneducated in monetary responsibility. For instance, for you to be cool and respected by the other players, it’s a must to keep up with them. So, if one player buys a new SUV, you need to purchase one too. I mean, you possibly can’t be an NFL player and drive a traditional automotive like a Honda Civic. You must drive an expensive Hummer, Cadillac Escapade, BMW, Mercedes, Porsche, etc.
You additionally need 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 buying huge houses for ourselves and for our mother and father that we do not need. And of course there may be the jewelry. We spend a lot money on jewelry it is insane. It is nothing for a player to spend $a hundred,000 a yr or more shopping for jewelry, and that’s just for us. That does not embrace all the jewelry we buy for our household, wives, and girlfriends. It is all extraordinarily irresponsible. However, when you might have so many individuals putting pressure on you day-after-day to buy things and keep up with the other NFL players, it turns into much easier to say yes than to say no, even as you might be watching all of your cash disappear.
One other problem is as a wealthy NFL player, you might be anticipated to flip the bill for everything. Whenever you exit to restaurant, you are the person who pays for everybody. And, when you go out with different 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 eachbody. I have known players who have spent over $25,000 in a single night at a club. And then they go and do it again and again to allow them to be the “big man.”
Another problem NFL players have is women who are after us for our cash and our status. And many of those women are gold diggers. If we were not rich athletes these lovely ladies would probably not look twice at us. However now that we’re rich and well known, girls chase us constantly. This virtually always leads to us marrying a woman we shouldn’t marry and then getting divorced after a couple of years and shedding a big proportion of our money within the divorce. I made this mistake myself and it value me dearly and still prices me.
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