One of the questions people always ask me about being an NFL player is, “what’s it like making a lot cash at such a young age?”
I’ve to say that it could be very troublesome to go from being younger and having no cash to being young and a millionaire because you do not know how you can be financially responsible. It’s just like winning the lottery, and as you know from reading about lottery winners, most lottery winners go broke within 10 years after profitable the lottery. Well, it just isn’t that much totally different with professional sports players. The reason for this is most professional athletes, and lottery winners, had been by no means taught cash management skills. Going from being broke one day to being a millionaire the next day is a huge change in your life, mostly because after you have money, eachbody wants you to offer it to them, and more often than not you do.
I came from a single family house 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 can be quite common amongst NFL players. Because of this, I used to be never taught how one can manage money responsibly and plan for my future. I went from being broke in the future to being drafted into the NFL and becoming 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 desires your cash, particularly your family and friends. My mom, aunts, uncles, cousins, friends, etc. all needed to borrow money from me. And of course I gave it to them. Then, you may have girlfriends and wives who need you to purchase them a lot of costly presents like automobiles, jewelry and garments because you might be rich and they want to show off to their friends. You also have charities, buyers, and businesspeople all asking in your cash–and you find yourself giving it to them.
But presumably 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 cash as if it will by no means run out because we’re uneducated in monetary responsibility. For example, for you to be cool and revered by the other players, you have to keep up with them. So, if one player buys a new SUV, you want to purchase one too. I imply, you may’t be an NFL player and drive a traditional car like a Honda Civic. It’s a must to drive an expensive Hummer, Cadillac Escapade, BMW, Mercedes, Porsche, etc.
You also must have an enormous costly house. All the other players do and if you just live in a median house, they look down at you. So, we lay our a fortune buying enormous 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’s nothing for a player to spend $one hundred,000 a yr or more buying jewelry, and that is just for us. That does not embody all of the jewelry we buy for our family, wives, and girlfriends. It’s all extremely irresponsible. But, when you’ve got so many people placing pressure on you every single day to buy things and keep up with the other NFL players, it becomes much easier to say yes than to say no, whilst you might be watching all your cash disappear.
One other problem is as a wealthy NFL player, you’re anticipated to flip the bill for everything. Everytime you exit to restaurant, you’re the person who pays for eachbody. And, whenever you exit with different players or your buddies, it is always to a fancy 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 one evening at a club. After which they go and do it again and again to allow them to be the “big man.”
Another problem NFL players have is ladies who’re after us for our cash and our status. And plenty of of those girls are gold diggers. If we weren’t rich athletes these beautiful girls would probably not look twice at us. However now that we’re rich and well known, ladies 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 losing a big proportion of our money within the divorce. I made this mistake myself and it price me dearly and still prices me.
If you loved this article and also you desire to obtain more info with regards to What’s happening in the NFL today kindly go to our own web page.