Frugal Lessons from Ballers: Season 3 Episode 6
Ballers is a HBO series show about a former football player turned financial manager (a character named Spencer, played by The Rock) that highlights the life of current and former players in regards to sports and finances and how they balance it all together. Ballers goes in depth on a number of topics involving the lifestyle of professional athletes from players transitioning post career to handling family and friends to dealing with negotiations.
The following highlights different key financial points from the show that athletes deal with or can learn from.
Ricky is suffering from post concussion syndrome and is still in limbo with no contract offer from the Patriots, which adds to his stress. Ricky is a veteran who’s hoping to get one last pay day but can clearly see the light at the end of the tunnel, especially with the recent injury effects taking place. Ballers does a great job of highlighting Ricky’s experience because it’s an issue every professional athlete has to come to terms with in one way or another.
As an athlete, injuries will happen, so it’s best to prepare for life without the sport you love the most. With concussions, this is an ordeal that has become more prevalent in the NFL with new information. It’s important to make sure your health is your first concern no matter what, even at the expense of your career. Ricky pleads with his agent to get a deal done because he doesn’t know how long he will be able to play. Ricky isn’t looking out for his health unfortunately in this scenario. When you are done playing and have to live life and take care of your family, how will you be able to do that if you aren't able to cope with every day life?
Not all money is good money
I'm sure you've heard this saying before. Spencer, Joe and Mr. Anderson are trying to pitch their proposal of joining in on the NFL venture to the CEO of Anderson Financial. The CEO happens to be Mr. Anderson’s younger brother. Unfortunately, the Anderson brothers have a strained relationship due to a little bit of a sibling rivalry. When the younger Anderson finally agrees to invest in the project, he says that he will take over the operations and full credit of the idea, leaving Spencer and company with a dilemma. Joe is on board with this idea claiming that it’s the “American dream to create an idea and get rich off other people doing the work.” However Spencer and Mr. Anderson are against it because of the involvement of Anderson’s younger brother.
It is important to understand that not all money is good money. The younger Anderson may have the funds to invest in the project but his personality and unwillingness to be a partner won’t help the case for Spencer and his ambitions. As an investor or anything in life, it is important to make sure you mesh well with the people you are going to be working with, and have full trust and success.