An inside look into the financial playbook and tendencies of professional athletes.

Live Like You're Poor

Live Like You're Poor

By Cam Marshall  \\\  NFL Running Back

As an NFL player, we receive our entire salary in a short period of time — about a third of the year. If you’re lucky enough to go to the Super Bowl, you can add maybe 4 more weeks worth of play-off pay to those calculations. But most of the time, that money isn't guaranteed. As a running back, the “average” timespan in the NFL 3.3 years. Basically, my goal is to make one season's worth of pay last longer than my career (3.3 years). And because of that, I do everything I can to make that income stretch over 12 months and beyond.


My philosophy? LIVE LIKE YOU'RE POOR.


Here’s how I do it:

  1. I figure out my monthly expenses and put the rest away either into savings or let my money make money in a low risk investment.
     
  2. I make my money hard to access. Sometimes this means leaving my credit and debit card at home and only bring a certain amount of cash out with me. At the end of the day, it’s not about how much money you make. It’s about how you save it.

Cam Marshall is a football player with experience in both the NFL and CFL. After a stellar career at Arizona State University, he was picked up by the Miami Dolphins. He is currently with the Jacksonville Jaguars preparing for his fourth season as a professional athlete.

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