NFL Millionaire Lives on Just $60,000/Year to Ensure Future Financial Freedom

While many in the black and other minority communities continue to live beyond their means, often scraping by paycheck to paycheck, struggling to make ends meet, yet somehow finding the funds for Jordans and new cars, clothes and other material possessions that are beyond their tax bracket, one NFL player is living proof that it is not only possible, but should become the norm among us to aim for future financial stability instead of needlessly displaying our wealth with status symbols.

27 year old wide receiver for the Denver Lions, Ryan Broyles signed a four-year, $3.8 million contract back in 2012 when he was drafted into the NFL. If you do the math, that equates to a little under $1 million a year in salary. Yet instead of splurging and spending his full or even half of his annual pay, Broyles and his wife live off of less than 1/5 of his salary pay, saving and investing the rest to ensure their future is financially sound.

While many NFL and NBA players his age are setting themselves up to go bankrupt within the next 10 years or less, Broyles drives a Mazda, makes sound business investments and focuses on the future, as opposed to immediate gratification.

Our community needs more role models like Broyles, to show that being a millionaire is not about what you wear and how much you show what you have, but is about living within your budget, so that you will not be claiming broke in three years.

Leave a comment

Your email address will not be published.