Tag: financial literacy
I recently sat down with someone to help them start investing. I began as I always do by asking what companies they already know. We were watching a football game at the time, so I asked when this person thought ESPN was going to stop making money. “Never,” he answered.
Let us go beyond peace as Dr. Martin Luther King wanted us to. Let’s talk about money.
I was asked by a young Pittsburgh Steeler teammate to help him plan his money. I must have told him a dozen times, “Do not go and buy a new car.” But in his first year, making $550,000 ($300K after taxes and agent fees), he purchased a brand-new Porsche Panamera. Three months later he was…
When I was in the NFL, people asked me for money almost every day. Old friends, strangers, even family would pop out of the woodwork with their hands out. At first I wanted to help everyone, but after a while I smartened up and learned to call bullshit on people with a few key questions.
After 15 minutes of speaking to a group of youth for My Brother’s Keeper, talking about how to buy stocks and the wisdom of owning companies they use and like, one of the young men raised his hand. “So, can I buy stock?” he asks.
My first year in the NFL, I found myself $30,000 in debt before I played my first snap. Then boom: before getting my first NFL paycheck, I’d already had my first surgery.