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By Frank Schwab21 hours agoShutdown Corner
There are plenty of stories of NFL players blowing their money, with the tales often involving family members having their hands out, but few are as stark, specific and revealing as the story Phillip Buchanon tells in his new book.
Fox Sports published an excerpt from Buchanon's book, "New Money: Staying Rich." In the excerpt, the former NFL cornerback talks about family members, particularly his mother, coming to him for money after he was drafted by the Oakland Raidersin 2002. Buchanon says his mother told him he owed her $1 million for raising him.
"Well, that was news to me," wrote Buchanon, who played 10 NFL seasons for five teams. "If my mother taught me anything, it's that this is the most desperate demand that a parent can make on a child. The covenant of having a child is simply that you give your child everything possible, and they owe you nothing beyond a normal amount of love and respect. There is no financial arrangement."
Buchanon wrote that he bought his mother a house instead, and told her to sell his childhood house. But he says she kept both houses, renting one to an aunt, and he ended up making the payments on both. He wrote that it was a mistake to buy such a big house for his mother, and proposed a solution.
Read more: http://sports.yahoo.com/blogs/nfl-s...d-his-mom-is-sad-but-important-172632716.html
There are plenty of stories of NFL players blowing their money, with the tales often involving family members having their hands out, but few are as stark, specific and revealing as the story Phillip Buchanon tells in his new book.
Fox Sports published an excerpt from Buchanon's book, "New Money: Staying Rich." In the excerpt, the former NFL cornerback talks about family members, particularly his mother, coming to him for money after he was drafted by the Oakland Raidersin 2002. Buchanon says his mother told him he owed her $1 million for raising him.
"Well, that was news to me," wrote Buchanon, who played 10 NFL seasons for five teams. "If my mother taught me anything, it's that this is the most desperate demand that a parent can make on a child. The covenant of having a child is simply that you give your child everything possible, and they owe you nothing beyond a normal amount of love and respect. There is no financial arrangement."
Buchanon wrote that he bought his mother a house instead, and told her to sell his childhood house. But he says she kept both houses, renting one to an aunt, and he ended up making the payments on both. He wrote that it was a mistake to buy such a big house for his mother, and proposed a solution.
Read more: http://sports.yahoo.com/blogs/nfl-s...d-his-mom-is-sad-but-important-172632716.html
