One of the questions folks 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 troublesome to go from being younger and having no cash to being younger and a millionaire because you don’t know the way 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 successful the lottery. Well, it is not that much completely different with professional sports players. The reason for this is most professional athletes, and lottery winners, have been never taught money management skills. Going from being broke someday to being a millionaire the subsequent day is a huge change in your life, mostly because after getting money, everybody wants you to offer it to them, and more often than not 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 family 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 learn how to handle cash responsibly and plan for my future. I went from being broke in the future to being drafted into the NFL and changing into a millionaire.
An enormous problem with being young and having some huge cash is the pressure by just about everybody together with fellow players to spend some huge cash very quickly. If you find yourself rich, eachbody needs your money, particularly your loved ones and friends. My mother, aunts, uncles, cousins, friends, etc. all wished to borrow cash from me. And naturally I gave it to them. Then, you could have girlfriends and wives who need you to buy them a number of expensive presents like cars, jewelry and garments because you might be rich they usually wish to show off to their friends. You even have charities, investors, and businesspeople all asking for your cash—and you find yourself 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’re uneducated in monetary 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 need to purchase one too. I imply, you’ll be able to’t be an NFL player and drive a traditional automobile like a Honda Civic. You need to drive an costly Hummer, Cadillac Escapade, BMW, Mercedes, Porsche, etc.
You additionally need to have a huge costly house. All the other players do and if you happen to just live in a mean house, they look down at you. So, we lay our a fortune shopping for large houses for ourselves and for our parents that we do not need. And of course there’s the jewelry. We spend a lot cash on jewelry it is insane. It isn’thing for a player to spend $100,000 a year or more shopping for jewelry, and that’s just for us. That doesn’t embrace all the jewelry we purchase for our family, wives, and girlfriends. It is all extremely irresponsible. However, when you may have so many individuals putting pressure on you day-after-day to purchase things and keep up with the opposite NFL players, it turns into much easier to say sure than to say no, at the same time as you might be watching all of your money disappear.
Another problem is as a rich NFL player, you are expected to flip the bill for everything. Whenever you go out to restaurant, you’re the one that pays for everybody. And, if 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’ve known players who have spent over $25,000 in a single night at a club. After which they go and do it over and over so they can be the «big man.»
One other problem NFL players have is girls who are after us for our cash and our status. And plenty of of those women are gold diggers. If we were not rich athletes these stunning women would probably not look twice at us. But now that we are rich and well known, girls chase us constantly. This nearly always leads to us marrying a woman we shouldn’t marry after which getting divorced after a couple of years and shedding a large percentage of our money in the divorce. I made this mistake myself and it cost me dearly and still prices me.
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