Money - Have a Plan and Stick to it

Spending always grows to meet (and exceed) income.  Unless an individual learns to manage their money, they'll never have enough of it.  There is no shortage of people offering ways to spend your money.  The only way to maximize the money that you make is to have a plan for it before you receive it.  Of all the broke current and former NFL players, I'm sure none of them would suggest that they planned to be broke.  I bet most of them would say, "it just happened."  The reality is that if you don't plan how you're going to save and spend your money then you'll end up spending it all.  Make it a priority to get a trusted financial advisor who's been through the NFLPA screening process and has your best interest at heart.    I recommend that you secure this position prior to starting your off-season training.  Whether you're preparing to enter the NFL draft or a 10-year NFL veteran, now is the time to get your future finances in order.   

Posted on Fri, November 19, 2010 by David Wyatt

3 comments (Add your own)

1. Josh Gantt wrote:
People don't plan to fail, they just fail to plan.

Tue, May 10, 2011 @ 8:31 AM

2. Wyatt wrote:
Great point Josh!

Sun, May 22, 2011 @ 4:59 PM

3. Novelyn wrote:
Lou, you speak with much authority on many iessus facing ex players. I had barely begun my NFL career (2nd season) when I had an emergency brain surgery during the 49ers first Super Bowl season (81). 8 brain surgeries later several grand mal seizures and I was forced to sue for Workers Comp. 28 years after my first WORK RELATED brain surgery I am still paying the price. I write this while sitting in a coffee school in a Safeway, as our phone and internet where turning off 3 months ago, we are currently 3 months behind on the house payment, electricity will be turned off tommorow if I don't get $1,600 to PG & E, I have no medical or truck insurance, and believe it or not, am a wildlife biologist with a biology degree and owned my own environmental consulting firm a few years ago before my memory iessus made it nearly impossible to run my business. Any of us who have played in what is now an 8 Billion dollar slime ball industry knows, once they get all they can out of you, you will be thrown to the curb like a piece of rotten meat. Kevin, you are the epitomy of a class individual and how to do it right. Unfortunately that holds to water with the NFL and owners. Its all about the dollars and cents and has nothing to do with integrity. I know I speak for many ex NFLers when I say you have all my respect.Stay positve and keep the same tenacity you have shown playing, while fighting for what is right, benefits for retired players. If the owners have their way, you may join our ranks before you would like to, and on their terms.George VisgerSF 49ers 80 & 81

Sun, March 11, 2012 @ 9:45 AM

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