10 Debt Lessons You Can Learn From Football Players

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There are varying schools of thought on borrowing money, but I think most realistic folks would agree that unproductive debt is something to be avoided.

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Leverage magnifies money, and when you’re talking about the big bucks that professional football players make, adding leverage on top of that can be a recipe for disaster.

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Just ask Don Silvestri, the author of today’s post, who played professional football for most of the 1990s with three NFL teams in addition to his stints in NFL Europe and the Canadian Football League.

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In the 1990s, football was my life. I was a placekicker for the New York Jets, Seattle Seahawks, and Buffalo Bills. My career highlight was leading the AFC in touchbacks in 1995.

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If you don’t know what any of that means, let me explain it another way: I played the nation’s most popular sport, and I did it very well for a little while.

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But then it was over because NFL careers average just over three years. I beat that limit, but I couldn’t beat time. Time has an undefeated record.

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For my second career, I chose a profession I already had some experience with – personal finance. Throughout the ’90s, I saw young men sign contracts for millions of dollars – and for many, those millions evaporated shortly after their careers ended.

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10 Debt Lessons You Can Learn From Football Players

There are varying schools of thought on borrowing money, but I think most realistic folks would agree that unproductive debt is something to be avoided.

Leverage magnifies money, and when you’re talking about the big bucks that professional football players make, adding leverage on top of that can be a recipe for disaster.

Just ask Don Silvestri, the author of today’s post, who played professional football for most of the 1990s with three NFL teams in addition to his stints in NFL Europe and the Canadian Football League.

In the 1990s, football was my life. I was a placekicker for the New York Jets, Seattle Seahawks, and Buffalo Bills. My career highlight was leading the AFC in touchbacks in 1995.

If you don’t know what any of that means, let me explain it another way: I played the nation’s most popular sport, and I did it very well for a little while.

But then it was over because NFL careers average just over three years. I beat that limit, but I couldn’t beat time. Time has an undefeated record.

For my second career, I chose a profession I already had some experience with – personal finance. Throughout the ’90s, I saw young men sign contracts for millions of dollars – and for many, those millions evaporated shortly after their careers ended.

Read The Full Article By Clicking Below

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