Registered: 10 months, 3 weeks ago
NFL Players And Money
One of many 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 is very difficult to go from being younger and having no money to being young and a millionaire because you do not know how you 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 is just not that a lot different with professional sports players. The reason for this is most professional athletes, and lottery winners, have been by no means taught money management skills. Going from being broke at some point to being a millionaire the subsequent day is a big change in your life, mostly because after getting cash, eachbody needs you to give it to them, and more often than not you do.
I got here from a single household residence without a father, which is something many professional NFL players have in common. I'm additionally African American and my household did not have some huge cash, which can also be quite common among NFL players. Because of this, I was never taught easy methods to manage money responsibly and plan for my future. I went from being broke someday to being drafted into the NFL and changing into a millionaire.
An enormous problem with being younger and having a lot of money is the pressure by just about everybody together with fellow players to spend some huge cash very quickly. If you end up rich, eachbody needs your money, particularly your family and friends. My mother, aunts, uncles, cousins, friends, etc. all wanted to borrow money from me. And naturally I gave it to them. Then, you have girlfriends and wives who need you to purchase them lots of costly presents like vehicles, jewelry and clothes because you're rich they usually want to show off to their friends. You even have charities, traders, and businesspeople all asking to your money--and you end up giving it to them.
But possibly the worst of all is the other players because when it involves money it is the blind leading the blind. We all spend our money as if it will by no means run out because we're uneducated in financial responsibility. For example, so that you can 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 want to buy one too. I mean, you may't be an NFL player and drive a standard automobile like a Honda Civic. It's a must to drive an costly Hummer, Cadillac Escapade, BMW, Mercedes, Porsche, etc.
You also must have an enormous costly house. All the other players do and should you just live in a median house, they look down at you. So, we lay our a fortune shopping for large houses for ourselves and for our mother and father that we don't need. And of course there's the jewelry. We spend a lot money 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 doesn't embody all the jewelry we purchase for our household, wives, and girlfriends. It's all extremely irresponsible. However, when you've so many people placing pressure on you day by day to purchase things and keep up with the opposite NFL players, it becomes much easier to say yes than to say no, at the same time as you might be watching all of your cash disappear.
One other problem is as a rich NFL player, you're anticipated to flip the bill for everything. Whenever you exit to restaurant, you are the one who pays for eachbody. And, if you exit with different players or your buddies, it is always to a flowery club where we go to the VIP section and spend hundreds of dollars on fancy champagne and drinks--for eachbody. I've known players who've spent over $25,000 in one night time 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 girls who're after us for our cash and our status. And lots of of those women 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, girls chase us constantly. This virtually always leads to us marrying a girl we shouldn't marry and then getting divorced after a couple of years and losing a large share of our money in the divorce. I made this mistake myself and it value me dearly and still costs me.
If you have any kind of inquiries concerning where and how you can utilize What’s happening in the NFL today, you can call us at our own web-page.
Topics Started: 0
Replies Created: 0
Forum Role: Participant
Technical specification tables can not be displayed on mobile. Please view on desktop