Buying mom a house ✅ Saving your entire NFL paycheck ✅ Investing in private equity ✅ A college savings plan for all your siblings ✅ These are all commendable acts by these young men, but without an overall financial blueprint can be greatly flawed ideas. Each NFL contract should be treated as an advancement of lifetime earnings, and living off a 'budget' of someone earning the same total but in annual increments over a 40 to 50-year career is essential. So, if you got a job out of college making $200k/year, would you buy mom a house, invest in private equity, or form college savings plans for your siblings? Probably not. If you save your entire paycheck, how you invest it can be more important to your long-term financial health than the mere act of saving it.
We asked NFL Draft picks where they’ll invest their first check 💵👀
