Why NFL Athletes Go Broke

Video source:    • How Dwayne Haskins Spent His First $1...  

Dwayne Haskins shares how he spent his first million dollars following being drafted by the Washington Redskins with GQ Sports. Every time the Subscribe and Like button gets smashed, I'll put more time into making these videos.

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Why NFL Athletes Go Broke Ft. Dwayne Haskins | YouTube Financial Advisor

It's common knowledge that many pro athletes, entertainers, and celebrities have financial troubles following their career. How can they possibly go broke after earning so much money? That's why me, the YouTube Financial Advisor, is stepping in to assist you in understanding why NFL athletes go broke.

Dwayne Haskins recently went on GQ Sports to share how he spent his first million dollars following him being drafted 15th overall by the Washington Redskins. He signed a contract worth nearly $15 million, with a $8+ million dollar signing bonus. He's going to have a hard time spending all of that money, but it's entirely possible that he will.

I diagnose where he's already going wrong and why it becomes so clear how these athletes go broke. They spend money on liabilities and not assets!

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