One of the questions people always ask me about being an NFL player is, “what’s it like making so much money at such a younger age?”
I’ve to say that it could be very tough to go from being young and having no money to being young and a millionaire because you do not know easy methods to be financially responsible. It’s just like successful 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 a lot 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 one day to being a millionaire the following day is a huge change in your life, principally because once you have cash, everybody desires you to provide it to them, and more often than not you do.
I got here from a single household house 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 can also be very common among NFL players. Because of this, I was never taught the right way to handle money responsibly and plan for my future. I went from being broke someday to being drafted into the NFL and changing into a millionaire.
A huge problem with being young and having a lot of money is the pressure by just about eachbody including fellow players to spend a lot of money very quickly. When you find yourself rich, everybody needs your money, especially your loved ones and friends. My mother, aunts, uncles, cousins, friends, etc. all needed to borrow cash from me. And naturally I gave it to them. Then, you’ve girlfriends and wives who need you to purchase them plenty of costly presents like vehicles, jewelry and clothes because you might be rich and they need to show off to their friends. You also have charities, traders, and businesspeople all asking to your cash–and you end up giving it to them.
But presumably 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 cash as if it will by no means run out because we are uneducated in monetary responsibility. For example, for you to be cool and respected by the other players, you need to keep up with them. So, if one player buys a new SUV, you wish to purchase one too. I imply, you possibly can’t be an NFL player and drive a standard automotive like a Honda Civic. You need to drive an expensive Hummer, Cadillac Escapade, BMW, Mercedes, Porsche, etc.
You additionally must have an enormous expensive house. All the other players do and for those who just live in a median house, they look down at you. So, we lay our a fortune shopping for huge houses for ourselves and for our dad and mom 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 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 family, wives, and girlfriends. It is all extremely irresponsible. However, when you’ve so many people placing pressure on you every day to buy things and keep up with the other NFL players, it turns into a lot easier to say yes than to say no, at the same time as you might be watching your whole money disappear.
One other problem is as a rich NFL player, you are anticipated to flip the bill for everything. Everytime you go out to restaurant, you are the one that pays for eachbody. And, if you go out with other players or your buddies, it is always to a flowery club the place we go to the VIP part and spend thousands of dollars on fancy champagne and drinks–for everybody. I’ve known players who’ve spent over $25,000 in one night at a club. After which they go and do it again and again so they can be the “big man.”
Another problem NFL players have is women who’re after us for our cash and our status. And many of those women are gold diggers. If we were not rich athletes these beautiful women would probably not look twice at us. However now that we’re rich and well known, women chase us constantly. This nearly always leads to us marrying a woman we shouldn’t marry after which getting divorced after a few years and shedding a big share of our money in the divorce. I made this mistake myself and it price me dearly and still prices me.
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