10 Debt Lessons You Can Learn from NFL Football Players

My years in the NFL taught me almost as much about staying out of debt as my subsequent career as president of Debt.com. So let’s kick off 10 Debt Lessons You Can Learn from Football Players.

Brains Beat Bucks

Give someone $1 million and don’t teach them how to budget, save, and invest – and I promise you they’ll be down to their last dollar before they retire.

1

Budgeting is Your Game Plan

You can’t save money for a new car or a new home, or a new family if you don’t know what life is costing you now.

2

Shorten the Field with Technology

They must be very busy people because keeping a budget these days takes only a few minutes a day. You don’t use a pencil and paper. You use your phone or computer.

3

Prepare for the Trick Plays of Life

An emergency fund isn’t just peace of mind. How do you start an emergency fund? Slowly. Using your monthly budget, you might set aside just $5 a week at first.

4

Recruit a New Teammate

If you really want to run up the lead on your emergency fund, ask your boss or your Human Resources Department if they’ll help you.

5

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