One of the questions people always ask me about being an NFL player is, «what is it like making a lot money at such a younger age?»
I’ve to say that it may be very troublesome to go from being young and having no money to being young and a millionaire because you don’t know learn how to be financially responsible. It’s just like profitable 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 isn’t that a lot different with professional sports players. The reason for this is most professional athletes, and lottery winners, were never taught money management skills. Going from being broke at some point to being a millionaire the subsequent day is a large change in your life, mostly because upon getting money, eachbody wants you to present it to them, and more often than not you do.
I got here from a single family dwelling without a father, which is something many professional NFL players have in common. I’m additionally African American and my family did not have a lot of money, which can be quite common amongst NFL players. Because of this, I used to be by no means taught find out how to manage cash responsibly and plan for my future. I went from being broke in the future to being drafted into the NFL and turning into 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. If you find yourself 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 of course I gave it to them. Then, you have got girlfriends and wives who need you to buy them a number of expensive presents like automobiles, jewelry and clothes because you might be rich and they want to show off to their friends. You also have charities, investors, and businesspeople all asking to your money—and you find yourself giving it to them.
But possibly the worst of all is the opposite players because when it involves 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 instance, for you to be cool and respected by the other players, you have 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 normal car like a Honda Civic. You must drive an costly Hummer, Cadillac Escapade, BMW, Mercedes, Porsche, etc.
You also must have a huge costly house. All the other players do and in case you 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 mother and father that we don’t need. And naturally there’s 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 buying jewelry, and that’s just for us. That does not embrace all of the jewelry we buy for our family, wives, and girlfriends. It’s all extraordinarily irresponsible. But, when you’ve so many people putting pressure on you every single day to purchase things and keep up with the other NFL players, it becomes a lot easier to say sure than to say no, even as you might be watching your whole money disappear.
Another problem is as a wealthy NFL player, you are expected to flip the bill for everything. Everytime you go out to restaurant, you are the one who pays for eachbody. And, once you go out with different players or your buddies, it is always to a elaborate club where we go to the VIP part and spend 1000’s of dollars on fancy champagne and drinks—for everybody. I’ve known players who have spent over $25,000 in one evening at a club. And then they go and do it over and over so they can be the «big man.»
One other problem NFL players have is women who are after us for our cash and our status. And many of those ladies are gold diggers. If we were not rich athletes these lovely girls would probably not look twice at us. However now that we’re rich and well known, women chase us constantly. This almost always leads to us marrying a girl we should not marry and then getting divorced after a few years and dropping a big proportion of our money within the divorce. I made this mistake myself and it cost me dearly and still prices me.
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