It’s that time of year where players start “ballin’ out of control” with money they haven’t earned yet, so I thought I’d speak on it real quick.

Look, I know it’s tempting, but if you want to be one of the players that leave the game in good financial shape,

Don’t spend money that you haven’t even earned yet!

Most of us have heard the stories of the Terrell Owens’, the Chris McAlister’s, and Mark Brunell’s of the world; guys that made millions in the NFL, but are now broke.

Philadelphia Eagles quarterback Michael Vick (ICON Sports)

Unfortunately, nearly every rookie goes into the league thinking that it’s not going to happen to them.

But the fact of the matter is, it still can, and too often, it still does.

But back to my point.

I think a lot of guys start out their financial lives on the wrong foot by accepting these huge lines of credit before they even sign a contract.

Every year, Draft prospects use these lines of credit to throw huge draft parties, expensive cars and jewelry, and God knows what else, all before they’ve even signed an NFL contract.

It doesn’t matter if you’re a “lock” to be a first round draft pic; if you’re blowing through line of credit money like that, you’re spending money that you don’t have.

And that, my friend, is one of the main mistakes that leads people to financial desperation.

I’m not going to lie; it takes a lot of discipline to fight the urge to try to “keep up with the Joneses” in the NFL.

But there’s no better time to exercise that discipline muscle than before you get the money to begin with.

Don’t forget the loans you get have to be paid back, with interest; interest that’s normally higher than your average loan, might I add.

Some of these loans have interest rates as high as 20%!

It ain’t free money!



If you lack discipline with money you don’t even have yet, you’re in for a world of trouble once you start cashing those game checks during the season.

If you need to use the line of credit for living expenses, that’s one thing, but using it to buy jewelry and “buy out the bar” isn’t smart at all.

Don’t be like the others, and think that it can’t happen to you.

Those game checks are going to stop coming one day.

The scary thing is, you never know when they’re going to stop coming.

The phrase “any given Sunday,” applies perfectly, here.

Don’t play russian roulette with your future.

Financial guru Dave Ramsey’s take the epidemic of current and former NFL player’s and their financial woes:

If you were in the NFL, do you think you could resist the temptation to “keep up with the Joneses?”  Leave a comment!

I’m on Twitter!  Talk to me or follow me at @alvingrier


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