mmohican29
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1) Pay off all debts now before they compound. I don't know the structure of his contract but I imagine he could probably cover the nearly 1 million dollar debt to jewelers, and still bank some of his rookie signing bonus.
2) Live modestly for one year. Just because you make say 1 million per year doesn't mean you need to live like you do. Live like you make 100K. That's plenty of money to live on and do pretty much anything you want to as a single man except without the extravagance of your current lifestyle.
3) Take ownership of your life and put this behind you. Fire all of your current advisers. They have put you in harm's way by not giving you guidance as to how to take care of your money. You are now an injury away from being a nobody because you have put yourself in a very rough spot, but don't panic and play great football and learn from this. It's not too late.
2) Live modestly for one year. Just because you make say 1 million per year doesn't mean you need to live like you do. Live like you make 100K. That's plenty of money to live on and do pretty much anything you want to as a single man except without the extravagance of your current lifestyle.
3) Take ownership of your life and put this behind you. Fire all of your current advisers. They have put you in harm's way by not giving you guidance as to how to take care of your money. You are now an injury away from being a nobody because you have put yourself in a very rough spot, but don't panic and play great football and learn from this. It's not too late.
