04-13-2016, 02:13 PM
(04-13-2016, 01:19 PM)OrlandoBengal Wrote: I agree that they are completely unprepared for life in many cases. I think part of that is on the NCAA and the NFL, but I also think a lot of it is on them. You're on a college campus, take some finance courses. A very good friend of ours is a Financial Advisor who has two current and one former Tampa Bay players as clients. The client who is retired spent about 10 years in the league. His wife actually took finance courses in college because they knew they were going to have a short window to make money and wanted it to last. They live in Orlando, and besides investing in stocks and bonds own a decent amount of commercial real estate downtown. Both of the current players spend like mad... "send $10k per month to my cousin that I grew up with". I know that Marcos would also tell them not to invest in any type of franchise.
My main point was that if you play 3-4 years in the league, and you were not a first round draft pick, then you need to make plans for life after football. You can't support everyone you ever knew (they should respect you enough not to ask) and you can't "retire" at the age of 26. There are A LOT of opportunities afforded these guys... take advantage of them. Regardless, never ever go on social media and talk about money... the bulk of society cannot even fathom what these guys make, so all it is going to do is breed contempt.
Unprepared for life = Shit parenting.
Maybe mom and dad should have done a better job of teaching these young men how to be responsible with money before sending them off to college.