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- #241
ATL96Steeler
Well-Known Member
It is true. I've mostly done well because I married somebody who has done really well with her money and is one of those highly motivated people who wants to advance to the top of her field. She has done really well with that to the point now they are asking her to teach others on her down time. So I get the joy of riding her coattails a bit.
I also think with these players part of the problem is they have convinced themselves they are going to get that 2nd contract. All of their life they have been the best of the best and to tell them that unless they are the elite of the NFL they are going to struggle to get that big 2nd contract just doesn't quite sink in.
I would also add that the veterans don't help the situation. They take advantage of the young guys by making them pay for extravagant meals or pay for all the drinks when they go out and they don't drink cheaply. So these players have quite a bit against them with family and friends asking for money, vets taking their money, bad financial advisers being recommended, no financial education growing up, and so much more.
There was this guy I went to HS with...my cousin re-connected with him about 5 yrs ago at a art show in NYC that he was exhibiting at...Wall Streeter with a $60k starting job, now worth a few million I understand, but still the same old guy...I've put some money with him that's working pretty hard, so he seems to know what he's doing, but I'm mostly interested in being debt free, have something to help the kids, and be in good health to enjoy it in 10 yrs...so far we're on the right track.
Vets...I think that's mostly the 1st rd picks and Idt it's a regular basis...they know the later round picks can't afford it. It's the family leaches that will suck them dry if they let them.