1.07.2017

Financially savvy NFL players



Steelers wide receiver uses a budget his mom helped create and has saved 'most' of his $35 million in career earnings

Excerpt:

Heyward-Bey, with the help of his mother, who is a certified accountant, has been frugal with his nearly $35 million in career earnings, according to ESPN's Jeremy Fowler.

Heyward-Bey made nearly $30 million in his four years with the Oakland Raiders prior to a stop in Indianapolis in 2013 and then joining the Steelers in 2014. They re-signed him this previous offseason.

The 29-year-old receiver has managed his money closely, saving "most" of it, according to Fowler.

Darrius and his mother designed a monthly allowance for him and he pays her a commission to help manage his money and track his expenses. "I get an email [from her] every Tuesday," Heyward-Bey told Fowler. "I can read it over, check it up. I see where the money is going."
Comment: Heyward-Bey image source / Quin image source / for a complete contrast see The Sad Financial Future of Many NFL Players



Detroit Lions player has doubled his money in 8 years by investing 70% of his NFL salary

Excerpt:

Detroit Lions safety Glover Quin is in the fourth year of his five-year, $23.5 million contract. But by living on just 30% of that salary and investing the other 70%, Quin has managed to double his money.

In a fantastic story from Michael Rothstein of ESPN, Quin said his frugal tendencies and savvy investments — from the moment he entered the NFL in 2009 — had allowed him to effectively earn two contracts simultaneously.

"To sit here and say I've played for eight years and made this much money, I was in a couple investments for five years and kind of made the same amount of money," Quin told ESPN. "It's kind of like having a double NFL career, you know."

1 comment:

  1. More athletes--heck, more of all of us--ought to be so wise in this regard. Well done.

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