Lions WR Ryan Broyles Saving Money for Family by Sticking to $60K Annual Budget

[TheDeuce]

ESPN.com's Michael Rothstein published a story last Friday about Detroit Lions wide receiver Ryan Broyles, highlighting the player's steadfast approach toward long-term financial security.

 

Rothstein's piece focuses on the figure of $60,000—a mark Broyles notes as his "give or take" annual expenditure target for lodging, food, entertainment and living expenses for him, his wife and newborn.

 

For many, it's not exactly a "roughing it" figure. But for a professional football player on a four-year, $3.6 million contract ($1.42 millionguaranteed), it's living well within his means.

 

Lions WR Ryan Broyles Saving Money for Family by Sticking to $60K Annual Budget | Bleacher Report

[LIPTON BASH]

Awesome. While I don't know if I'd go that extreme , I still love it.

 

If you play 5 years in the NFL you could easily allow that to be an income stream , at least part of your income for life if handled right.

[Wireman]

$60k will make you rick IF you have no debt. That's the key.

[theguru]

Love it!

[UKMustangFan]

Kudos to him. Wish more athletes followed his lead.

[spindoc]

Easy to root for that guy.

[75center]

Good for him, hope everything works out.

[plantmanky]

Always thought the sports leagues did a bad job of helping their players with this issue.

[theguru]

Always thought the sports leagues did a bad job of helping their players with this issue.

 

I feel the same way but not too long ago I talked to a former NFL player about this topic and he told me they drill that stuff into the players over and over and over...

[UKMustangFan]

Why do you feel the league has a responsibility to give financial guidance to it's employees?

[plantmanky]

I feel the same way but not too long ago I talked to a former NFL player about this topic and he told me they drill that stuff into the players over and over and over...

 

Drilling it into their head is one thing. But lets face it some of these athletes are stupid when it comes to life. Leagues should provide the services to help them.

[plantmanky]

Why do you feel the league has a responsibility to give financial guidance to it's employees?

 

To protect the league, the league's image, and to show good cause towards those that make the league money.

[UKMustangFan]

To protect the league, the league's image, and to show good cause towards those that make the league money.

 

How does former players being bankrupt hurt the league or the league's image? It's not an employer's responsibility or business how their employee's spend their money.

[theguru]

Why do you feel the league has a responsibility to give financial guidance to it's employees?

 

Young kids instantly having access to tons of money with multiple professionals having their hand in the cookie jar.

 

I think the current stats are 1 in 6 go bankrupt.

 

Their health insurance doesn't cover the extensive care they need.

 

Physically they may not be able to work after the NFL.

 

Multiple issues with mental health and concussions.

 

Like I have said in other threads, the NFL needs to do a better job of taking care of their Gladiators, past and present.

[UKMustangFan]

Young kids instantly having access to tons of money with multiple professionals having their hand in the cookie jar.

 

I think the current stats are 1 in 6 go bankrupt.

 

Their health insurance doesn't cover the extensive care they need.

 

Physically they may not be able to work after the NFL.

 

Multiple issues with mental health and concussions.

 

Like I have said in other threads, the NFL needs to do a better job of taking care of their Gladiators, past and present.

 

Health issues and insurance are a completely separate issue.

 

I'm talking why is it the employer's responsibility to stick their nose in how an employee spends their money?

 

Not many businesses do anything like that. Why the NFL?