Wealthy Athletes Who Actually Know How to Manage Their Money

Bankrate shares what they call "6 top NFL cheapskates". I call them wise spenders.

They list players who:

• Drives a used 1991 Mazda he bought used
• Lives close enough to the stadium that he doesn't even need/have a car
• Focuses on "buying appreciating assets [rather] than depreciating. No yachts, no sports cars."
• Lives on $25,000 a year despite a multimillion-dollar contract
• Saves all his signing bonus and NFL salary (lives on endorsements)
• Eats a snack and saves his team per diem

Now you may argue that these guys are just cheap.

I prefer to say they know that the big-earning years are short-lived and are spending for a lifetime, just not a handful of years. Seems very wise to me and I applaud them.

They will have a lot more choices of what to do with their lives after football because of the decisions they are making now.