What ex-Cowboy Terrell Owens Learned From Losing Most of His $80 Million NFL Salary

Terrell Owens originally was famous for his many National Football League records and over-the-top touchdown celebrations. But he's also famous for running through most of the $80 million he made during his 15-year career, thanks in part to bad investments and business deals."Having a lot of money it's good but at the same time you have to be smart with it," the former Dallas Cowboys star says. "You have to really find the right people to help you manage that money going down the road."Sports Illustrated once estimated that 78 percent of NFL players end up broke or under financial stress after they retire. In an interview with NerdWallet, Owens and his friend Eric Dickerson, the SMU star who went on to become a Hall of Fame running back most famous for his time with the Los Angeles Rams, talked about their experiences and what young athletes should know about building a solid financial future.Some of the challenges players face are unique; not many of us have to grapple with multimillion-dollar signing bonuses. But the destructive financial behaviors that many players demonstrate are also common outside professional sports. Here are some of the ways people sabotage their finances.  Continue reading...

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