How NFL Players Prepare for Life After Football: Financial Planning and Education | NFL News

Many NFL player They have to face the bitter truth that after their playing days are over they have to plan financially for the future and need training to do this. Long-term planning is required to have stability and success off the field.
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Financial literacy is a necessary skill

A big step forward that most NFL players make is developing their financial expertise. Many organizations offer budgeting and investing workshops and train players on how to manage income. Finally, Marshawn Lynch became a financial advocate for today's younger athletes, urging them to learn how money works. Lynch, for his part, did some work to bolster his nest egg when he agreed to live off endorsements in exchange for saving his NFL salary.

Advantages of professional advice

Activating financial advisors also becomes a game-changer for players. Former NFL linebacker Darryl Sharpton shares an example from his experience working with financial experts to develop a comprehensive plan for his life after football. Through professional advice, Sharpton was able to diversify investments and ensure a steady stream of income in retirement. It can proactively protect players from financial vices that often plague retired athletes.

Education: The Neverending Journey

However, many of the actors are not only financially prepared, but are also taking training to prepare for what comes next. While some complete their four-year degree, others begin training in specific areas. For example, former NFL player Chris Gronkowski went back to school to study business, and when his playing days were over, he could start a very successful entrepreneurial venture. Players' commitment to education is just one example of how the time they spend in the NFL can be used to learn skills that have applications far beyond the football field.

Networking and professional life

Networking is another aspect that will help make the transition as smooth as possible. Many players use the events and workshops structured for them to get in touch with industry leaders and potential employers. For example, LaDainian Tomlinson has attended a number of NFL alumni events. These mainly revolve around career development as most of these alumni events offer them the opportunity to participate in business, media and coaching opportunities.
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