NFL player and wife live off $60000 a year
They spend freely during their playing days and then wake up one day when their careers are over to find that everything is gone and they’re bankrupt. Broyles has also partnered with the NFL and Visa to create a Financial Football video game. He and his family have been living on a fixed income of, as he tells ESPN’s Michael Rothstein, $60,000 a year, “give or take”.
“I studied as much as I could”, Broyles explained. But rather than blow all that money on cars, houses, and jewelry, simply assuming that money would always be flowing in, Broyles sat down with a financial adviser and came up with a plan to avoid bankruptcy and make that $1.422 million last.
“I didn’t hold myself back at all on those terms”. That’s what I tell people when they start to invest, I tell them to live your life and see where you stand and then pull back. He even traveled to Washington, D.C., in March with New Orleans running back Mark Ingram to speak with students about financial planning.
He says he and his wife drive Mazdas and he still owns his 2005 Chevy Trailblazer from college. Everything else goes toward investments and retirement savings to prepare for life after football. On Monday, Cespedes finally got around to responding to Seinfeld’s messages, and now we’re just trying to figure out how we can become the third wheel on this lunch date. “I’m out here moving around a little bit so I’m excited to get going on Thursday”.
Broyles is in the last year of his deal with the Lions. Ryan Broyles is hoping to avoid that.
Detroit Lions wide receiver Ryan Broyles said he began closely studying personal finance during an NFL rookie symposium. He has made investments over the years that he checks everyday on his cell phone.
“The pressure I put on myself is just being the best player I am”, Broyles added. “I would never play [just] for money, you know what I mean, that’s not my intentions whatsoever”. My wife has no worries.
The 27-year-old has played just 21 games in three injury-plagued seasons with the Lions, and with his contract up at the end of the season, his future remains unknown.