Lions receiver Ryan Broyles has made about $3 million so far in his three-year NFL career. And he figures that’s enough to last him for life.
Although many NFL players have gone bankrupt after making tens of millions of dollars, Broyles told ESPN that he, his wife and their child live on about $60,000 a year. After that, he puts the rest of his money into investments and retirement accounts aimed at ensuring he can live the rest of his life on his football earnings. Broyles said he has educated himself about long-term investing and is confident that he’ll never run out of money.
“I studied as much as I could,” Broyles said. “Talked to people wealthier than me, smarter than me. So that definitely helps.”
Broyles said that by investing wisely, he doesn’t have to stress about money and can put all his focus on football.
“When I come to work, I don’t think about the money, man,” Broyles said. “I can tell you that, without a doubt. There might be some guys that do but I put myself in a position where I come out here and have fun. I don’t have that pressure, you know what I mean. My wife has no worries. My child has no worries. For the most part, I can help my family, you know.”
The NFL should ask Broyles to speak at next year’s rookie symposium. His is a message that all young players should hear.
