Tag: financial literacy
Inherited Beliefs About Money
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.
What Dr. Martin Luther King Taught Me About Financial Literacy
Let us go beyond peace as Dr. Martin Luther King wanted us to. Let’s talk about money.
Five Things NFL Players Go Broke On
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…
How to Say No to Family
When you are successful, you want to give back to the people responsible for your success, but sometimes you have to say ‘no’ to family, even when it’s tough.
7 Simple Defensive Moves to Avoid Bullshitters, Liars and Bad Deals
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.
7 Tips for Financial Freedom: What to Invest In and What to Run From
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.
10 Smart Money Moves that Saved My…Assets
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.