One of the questions folks always ask me about being an NFL player is, “what’s it like making so much money at such a younger age?”

I have to say that it may be very difficult to go from being young and having no money to being younger and a millionaire because you don’t know how to be financially responsible. It is just like winning 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 isn’t that much totally different with professional sports players. The reason for this is most professional athletes, and lottery winners, have been by no means taught money administration skills. Going from being broke sooner or later to being a millionaire the following day is a huge change in your life, mostly because upon getting cash, eachbody needs you to provide it to them, and more often than not you do.

I got here from a single household home without a father, which is something many professional NFL players have in common. I’m 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 was never taught methods to manage money responsibly and plan for my future. I went from being broke sooner or later 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 everybody together with fellow players to spend a lot of money very quickly. If you find yourself rich, eachbody needs your money, especially your loved ones and friends. My mother, aunts, uncles, cousins, friends, etc. all wanted to borrow cash from me. And of course I gave it to them. Then, you’ve gotten girlfriends and wives who need you to purchase them plenty of expensive presents like vehicles, jewelry and clothes because you’re rich and so they need to show off to their friends. You also have charities, traders, and businesspeople all asking on your cash–and you end up giving it to them.

However possibly the worst of all is the opposite players because when it involves 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 financial responsibility. For instance, for you to be cool and respected by the opposite players, you need to keep up with them. So, if one player buys a new SUV, you want to buy one too. I imply, you possibly can’t be an NFL player and drive a standard car like a Honda Civic. It’s a must to drive an costly Hummer, Cadillac Escapade, BMW, Mercedes, Porsche, etc.

You additionally have to have a huge costly house. All the other players do and should you just live in a mean 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 is the jewelry. We spend so much cash on jewelry it is insane. It is nothing for a player to spend $a hundred,000 a yr or more buying jewelry, and that is just for us. That does not embody all the jewelry we buy for our household, wives, and girlfriends. It’s all extremely irresponsible. However, when you will have so many individuals putting pressure on you on daily basis to purchase things and keep up with the other NFL players, it turns into much easier to say sure than to say no, whilst you might be watching all of your cash disappear.

Another problem is as a wealthy NFL player, you might be expected to flip the bill for everything. Whenever you exit to restaurant, you are the one who pays for everybody. And, when you go out with different players or your buddies, it is always to a elaborate club the place we go to the VIP section and spend hundreds of dollars on fancy champagne and drinks–for eachbody. I have known players who have spent over $25,000 in one night time at a club. After which they go and do it over and over to allow them to be the “big man.”

Another problem NFL players have is women who’re after us for our cash and our status. And many of these girls are gold diggers. If we were not rich athletes these stunning ladies would probably not look twice at us. But now that we are rich and well known, ladies chase us constantly. This almost always leads to us marrying a girl we shouldn’t marry and then getting divorced after a few years and losing a large percentage of our money in the divorce. I made this mistake myself and it value me dearly and still prices me.

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