10 Financial Lessons From Professional Football Players

I played the nation’s most popular sport, and I did it very well for a little while. But then it was over because NFL careers average just over three years. I beat that limit, but I couldn’t beat time. Time has an undefeated record.

For my second career, I chose a profession I already had some experience with – personal finance. Throughout the ’90s, I saw young men sign contracts for millions of dollars – and for many, those millions evaporated shortly after their careers ended.

My years in the NFL taught me almost as much about staying out of debt as my subsequent career as president of Debt.com. So let’s kick off 10 Debt Lessons You Can Learn from Football Players. 

Brains Beat Bucks

If millionaires can go broke without possessing financial knowledge, then you can thrive with that knowledge. Where do you acquire this education? Personal finance websites. They are free and not at all time-consuming.

Budgeting is Your Game Plan

You can’t save money for a new car or a new home, or a new family if you don’t know what life is costing you now. I promise you those NFL players who went bankrupt didn’t have a budget.

Shorten the Field with Technology

Those who don’t budget often tell me they don’t have the time. They must be very busy people because keeping a budget these days takes only a few minutes a day. You don’t use a pencil and paper. You use your phone or computer.

How do you start an emergency fund? Slowly. Using your monthly budget, you might set aside just $5 a week at first. Then, after a few months of not missing those few dollars, you might add a few more.

Prepare for the Trick Plays of Life

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