One of many questions individuals always ask me about being an NFL player is, “what is it like making so much money at such a young age?”

I have to say that it may be very difficult to go from being younger and having no cash to being younger and a millionaire because you don’t know how one can be financially responsible. It is 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 just not that a lot totally different with professional sports players. The reason for this is most professional athletes, and lottery winners, had been never taught money management skills. Going from being broke sooner or later to being a millionaire the subsequent day is a big change in your life, largely because after getting cash, everybody needs you to offer it to them, and more often than not you do.

I got here from a single family home without a father, which is something many professional NFL players have in common. I’m also African American and my household didn’t have a lot of money, which can be quite common among NFL players. Because of this, I was never taught how you can handle money responsibly and plan for my future. I went from being broke someday to being drafted into the NFL and becoming a millionaire.

A huge problem with being younger and having a lot of money is the pressure by just about everybody together with fellow players to spend some huge cash very quickly. If you find yourself rich, eachbody desires your cash, particularly your family 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 have got girlfriends and wives who want you to purchase them a lot of expensive presents like cars, jewelry and garments because you are rich and they wish to show off to their friends. You also have charities, buyers, and businesspeople all asking to your cash–and you end up giving it to them.

But probably the worst of all is the opposite players because when it comes to 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 example, so that you can be cool and respected by the opposite players, you must keep up with them. So, if one player buys a new SUV, you need to purchase one too. I mean, you’ll be able to’t be an NFL player and drive a standard automobile like a Honda Civic. It’s important to drive an expensive Hummer, Cadillac Escapade, BMW, Mercedes, Porsche, etc.

You additionally should 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 spend a fortune buying big houses for ourselves and for our dad and mom that we don’t need. And of course there is the jewelry. We spend a lot cash on jewelry it is insane. It is nothing for a player to spend $one hundred,000 a year or more shopping for jewelry, and that’s just for us. That does not include all the jewelry we purchase for our household, wives, and girlfriends. It is all extremely irresponsible. But, when you might have so many individuals placing pressure on you each day to purchase things and keep up with the other NFL players, it becomes much simpler to say sure than to say no, at the same time as you might be watching your entire money disappear.

One other problem is as a rich NFL player, you are anticipated to flip the bill for everything. Whenever you go out to restaurant, you are the one that pays for eachbody. And, whenever you go out with other players or your buddies, it is always to a flowery club the place we go to the VIP part and spend hundreds of dollars on fancy champagne and drinks–for everybody. I’ve known players who’ve spent over $25,000 in one night time at a club. And then they go and do it time and again so they can be the “big man.”

Another problem NFL players have is ladies who’re after us for our cash and our status. And lots of of those girls are gold diggers. If we weren’t rich athletes these beautiful women would probably not look twice at us. But now that we are 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 large share of our cash in the divorce. I made this mistake myself and it cost me dearly and still prices me.

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