Exactly... watch a show called life or debt... the people I see on their who making 6 figures a year bank accounts are empty
Darren McFadden Claims Ex-Financial Planner Mishandled $15 Million
- Thread starter Big Boss
- Start date
Exactly... watch a show called life or debt... the people I see on their who making 6 figures a year bank accounts are empty
Field Marshall Bradley
Veteran
Don't they speak on this at the rookie symposium tho.. or is it just about nightclubs and groupies? Cats can invest later. Get a regular savings account, get direct deposit or have the bank show you how to fill out the deposit form and and take each game check to the bank yourself on your day off. Get educated on spending and investing before f*cking with a money manager whether its a family member or a professional. Don't let nobody have access to your money. Tired of these athletes getting taken to the bank by criminals
The average American is living paycheck to paycheck... so how do you expect some 20 year old whose first paycheck is 210,000 dollars to be a savvy financial wizard overnight
a friend in town makes 6 figures bartending at one of the busiest clubs in town. i had to loan him money when his brakes went out on his ride. shyt is just idiotic
Field Marshall Bradley
Veteran
MalikX
Superstar
But yet we dumb when we say we would just manage our own finances.
I wouldn't let none of them nikkas touch my money.
I manage my shyt fine just now. You're better off than having some crook steal millions from you or forget to pay your taxes so he can ball out.
I wouldn't let none of them nikkas touch my money.
I manage my shyt fine just now. You're better off than having some crook steal millions from you or forget to pay your taxes so he can ball out.
you dont have to be some savvy financial wizard. just look at your bank statement once in a while, and hed have seen expenditures he didnt make. its as simple as that. know whats coming in and going out on a monthly basis, at minimum.
Wasn't there video of Herm Edwards at the Rookie Symposium giving the players a lecture about these type things
It's just the players do not listen
It's just the players do not listen
ORDER_66
I am The Wrench in all your plans....
MalikX
Superstar
A few years ago I overheard Patrick Kane having a conversation about when he first got his contract checks, he said "I told them just get as close as you can to making the check out to me. Not some company, not some shell corporation, none of that , just get as close as you can to write my name on the check and I'll go put it in the bank. Banks always wanted to work out some "Investment deal" with me, the answers was always no. I don't need anybody else to do shyt with my millions of dollars, I'm capable of handling them myself. I have months off at a time each year and I'm not that lazy or dumb to not sit down and do my own taxes, I can handle my own money"
I'll never forget that shyt, dude was like 23 eating in Lawrys in a T-shirt and flip flops.
He was right though.
Exactly. I'd do the same. fukk all that. Give me my money. I don't need none of you nikkas telling me how to manage my bread. fukk out my face
I didn't say savvy financial wizard.. I'm talking basics breh.. just the basics
. Worry about a financial manager and investing later on. For starters just start off with a simple savings/checking/or cd account and either direct deposit or deposit your game checks yourself. Simple sh*t so your checks aren't going to someone else and they don't have access to your money. Invest later down the line. There should be no hurry for that sh*t until you're knowledgeable and comfortable to dive into that. You're already making the money that the regular Joe is investing/dreaming to reach what you make right now in the NFL.. so your move has to be calculated better plus you have to earn and stack as much as possible cause most NFL careers don't last long like they do in the NBA and MLB and the contracts aren't guaranteed.Just the basics, that's all I'm talking about
CurrencyChase
Banned
that's why you need 2 financial advisors.
Field Marshall Bradley
Veteran
Yet, the average american has yet to master such a thing... so its not a discipline that is easily acquired like you're claiming....
not even close
Take a young man that aint never had shyt, and give him a couple a mil without any financial guidance.. and I can guarantee 8 times out of 10 what the outcome is going to be
thats just making excuses. this guy had someone purchasing buildings with funds from his own paycheck, essentially authorized him to do so, and didnt notice it. im not even sure he has any recourse, since he gave this guy full freedom to use his finances as he pleased
Bone Bender
Superstar
Man. shyts scary for some of these athletes. Most if not all of them are making real money for the first time in their lives and the vultures come swooping in to bleed them dry under the guise of helping them with their finances. And then there's there own foolishness of being reckless with their spending habits because they think theres more coming anyway.
I wonder how they get paid though. Like do the checks come to them personally or to like a manager or agent.
I wonder how they get paid though. Like do the checks come to them personally or to like a manager or agent.
It doesn't. Re-read my post.