we call this the "lifestyle creep" and the Black community suffers from it the worst and while I understand WHY... that doesn't justify it. do better guys.
Joe Haden says most people have no idea how quickly an NFL contract disappears once taxes and family expenses hit.
“I signed a five-year, $50 million contract.”
“I had about $26.6 million guaranteed.”
“My first year, I got a $12 million signing bonus.”
“After taxes, I only touched around $7 million.”
“The first thing I did was give my parents $3 million.”
“Then I bought them a $1 million house.”
“So right away, about $5 million was gone.”
“I bought my brothers cars.”
“I bought myself a penthouse.”
“I got a Range Rover Sport and a Bentley GT.”
“People hear $50 million and think you’ve got $50 million sitting in the bank.”
“That’s not how it works.”
“You look up after all that and realize you might only have around $1 million left.”
“You start understanding real quick that a $50 million contract is not actually $50 million.”
“That’s why so many guys go broke.”
Happy 1st day of Summer and longest day of the year in terms of daylight hours. Enjoy it now because starting tomorrow we gradually start losing daylight! 🌞