Cowboysheelsreds053
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First thing you learn in money management - learn how to say NO!. Doesn't mean you can't be generous, but know your investments and know your limits.
A lot of these guys come from poor upbringings, never learned how to save and use their money wisely. A part of saving is learning not to spend all of your money, say "no" to things you don't need because you're investing in the future.
Then the "boyz" come around and start sponging off you or wanting you to invest in their "new" scheme. And because these players can't say "no," they invest Skeet Man's car wash-foot massage-fried chicken joint because Skeet Man says it's gonna be fi-yah! And then the player loses his money because he followed the wrong advice.
There's no one who makes over $10 million in the NFL should go broke - not with the right investments. And, yet, it happens.
Why I loved Wes Unseld of the Washington Bullets back in the 70’s, he said s—- I can count I am my own agent. Now I know things have changed since the early 70’s and everyone has an agent but he let you know he was not stupid when it comes to money.