Do you think NFL players can be extremely gullible with their money? ?
Think about it, these are huge muscular guys who run into each other all day and yet most of them NEVER read a book because there’s to busy lifting weights to win a game. So that means a PROFESSIONAL SCAMMER can deceive or outsmart them at any given time?
- Anonymous2 months ago
Gullible and wasteful....they have no idea of the values that money brings.
- 2 months ago
It happens to professional athletes in other sports as well. Young men newly minted are often targets but more often than not it's their own circle trying to scam them.
- Blocking BackLv 72 months ago
*they're (instead of there's. Your use of their was correct)
- Anonymous2 months ago
Most of the players are fairly stupid and a lot have concussion-related brain damage. It's why these morons are destroying their sport by kneeling to disrespect the flag of the country that has given them so much.
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- KathyLv 72 months ago
Some of the new NFL players can go broke each week, especially if they grew up poor, and they spend their money on the things they never had growing up.
- CoryLv 52 months ago
Most of them came from poor neighborhoods, which had poor schools with outdated books, that don't teach proper money habits to those who don't have money. They're trained to hire people or they likely hire family member they think they can trust.
Good news is most NFL players have smartened up since that documentary "Broke" came out.
- EntropyLv 72 months ago
So first of all, not all football players are dummies. Yes, some are. Some VERY much are. Dexter Manley famously admitted that he could only read at a third grade level. This was AFTER graduating from COLLEGE. But a lot are quite bright.
HOWEVER, professional sports is LITTERED with horror stories of financial stupidity by athletes. And it's not always being dumb. Or even the victim of a professional scammer. A lot of time it's just that they're young, overconfident alpha males who suddenly are multi-millionaires. They didn't slowly earn each dollar. They worked hard, but then one day, all of the sudden, they were rich with no experience or history of how to manage money.
The stories of family ripping them off, friends, agents...it's usually people in their life that they TRUST. It's not usually a professional scammer.
It's actually quite similar to big lottery winners. Most lottery winners do DREADFULLY bad jobs of managing their money as well, and many are dead broke not that long after winning big jackpots. This is again, because they have no experience managing so much money. They don't know how to build a fortune because they lucked into it...they didn't build it through a business.
But we always have to avoid painting people with broad brushes. Some do VERY well at managing their money. Magic Johnson famously built a small business empire off of his NBA money, for example.
- Mike WLv 72 months ago
Some are better than others at managing their money, and some managed to get a better education than others. Some professional athletes have made bad business decisions, some made great business decisions, and some were robbed by people they should have been able to trust, like their agents. It varies from person to person. Not all of them are dumb jocks. Dan Doornink, former running back, is now a practicing physician.
- ScottLv 62 months ago
Yes. Most professional athletes need a money manager to help them when they retire. Not all athletes are like Michael Jordan or Bobby Wagner.
- MarkLv 72 months ago
Yes.. But it's not just the NFL; that seems to be the case with a LOT of entertainers...