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

I have to say that it could be very tough to go from being young and having no cash to being young and a millionaire because you do not know the best way 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 successful the lottery. Well, it is not 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 someday to being a millionaire the subsequent day is a large change in your life, mostly because after getting money, everybody desires you to provide it to them, and more often than not you do.

I came from a single family residence without a father, which is something many professional NFL players have in common. I’m also African American and my household did not have some huge cash, which can also be quite common amongst NFL players. Because of this, I was by no means taught the best way to handle cash responsibly and plan for my future. I went from being broke sooner or later to being drafted into the NFL and changing into a millionaire.

A huge problem with being young and having a lot of money is the pressure by just about eachbody together with fellow players to spend a lot of money very quickly. When you find yourself rich, eachbody desires your cash, particularly your family and friends. My mother, aunts, uncles, cousins, friends, etc. all wished to borrow cash from me. And of course I gave it to them. Then, you have girlfriends and wives who want you to buy them a number of expensive presents like cars, jewelry and clothes because you might be rich and so they need to show off to their friends. You even have charities, buyers, and businesspeople all asking in your money–and you end up giving it to them.

However presumably the worst of all is the opposite players because when it involves cash it is the blind leading the blind. All of us spend our money as if it will never run out because we are uneducated in financial responsibility. For instance, for you to be cool and respected by the other players, you need to keep up with them. So, if one player buys a new SUV, you wish to purchase one too. I mean, you can’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 a huge expensive house. All the opposite players do and in the event you just live in an average house, they look down at you. So, we lay our a fortune shopping for enormous houses for ourselves and for our parents that we don’t 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 $a hundred,000 a 12 months or more buying jewelry, and that’s just for us. That doesn’t embrace all of the jewelry we buy for our family, wives, and girlfriends. It’s all extremely irresponsible. But, when you may have so many people placing pressure on you day by day to buy things and keep up with the opposite NFL players, it becomes a lot easier to say yes than to say no, at the same time as you’re watching all of your money 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’re the person who pays for everybody. And, while you go out with other 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 everybody. I’ve known players who’ve 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.”

Another problem NFL players have is girls who are after us for our cash and our status. And lots of of those women are gold diggers. If we were not rich athletes these beautiful girls would probably not look twice at us. However now that we’re rich and well known, girls chase us constantly. This almost always leads to us marrying a woman we shouldn’t marry after which getting divorced after a couple of years and shedding a big share of our money within the divorce. I made this mistake myself and it value me dearly and still costs me.

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