Re:I’m the Wife of a Former N.F.L. Player. Football Destroye...
by Consultant32452 on Friday February 02, 2018 @05:17PM
(#16294642)
Yeah, I certainly won't argue that there are huge cultural problems that will impede any person's ability to make sound personal finance decisions. And those cultural problems are magnified for someone like an NFL player. But I still think it's important to have rational discussions where were acknowledge that we could choose to live a different way. We could choose to think about money differently.
So of course after 3 years of living like a monk you have $1.5 million stashed away...contrary to all rational expectations.
Well, less, because after income taxes and because as a young, invincible man among the best to play sports you spend money, maybe you have $300k left. If you're lucky.
But you're now unemployed, so you need healthcare. And the mortgage on your house is at least half that $60k/year because you're a young invincible sports hero.
You've been earning a half million dollars up to this point, so it's a safe bet it'll be very hard to scale your expenses down to $60k/year.
Anyway, I don't know where I'm going with this, except that your expectations of what an NFL player can/will do after being physically tortured for several years (high school, college, NFL) with hidden mental damage and having been a young, invincible man told you're the best of the best and surrounded by people eager to piggyback on your success...may be optimistic.