December 4, 2025
‘We weren’t taught about no monetary literacy…We weren’t taught this talent.’
NFL participant Odell Beckham Jr. mentioned the shortage of economic literacy amongst younger athletes on a current episode of The Pivot.
Beckham, who received a Tremendous Bowl with the Los Angeles Rams in 2021, has made a whole lot of hundreds of thousands however stated he lacked the precise instruments to be financially solvent.
“I’ve all the time defined this to folks, bro, you give any person a 5-year, $100 million contract–what’s it actually? It’s 5 years for 60 (million),” he stated on the podcast. “You’re getting taxed. Do the mathematics, that’s 12 a 12 months that you must spend, use, save, make investments, flaunt, no matter. I’ma purchase a automotive, I’ma give my momma a home. All the things prices cash. So, if you happen to’re spending $4 million a 12 months, that’s actually $40 million over 5 years, eight a 12 months.”
However, Beckham stated, after taxes, shopping for property, investments, and common bills, the cash isn’t as a lot because it seems.
“Now, you begin breaking down the numbers, and it’s like that’s a five-year span of the place you’re getting $8 million,” he defined. “Are you able to make that final without end? And also you all the time hear the individuals who ain’t us and ain’t be within the place, like, ‘Oh, that may final a lifetime.’ Yeah, this job I sacrificed my complete life for, they’re giving me that. I didn’t ask for the sure greenback quantity or no matter. However we weren’t taught about no monetary literacy…We weren’t taught this talent.”
Beckham is a free agent and isn’t presently on a roster. Nevertheless, in response to The Root, he accepted a six-game suspension after he examined constructive for having uncommon testosterone ranges. If and when he indicators with an NFL group, he must serve the punishment earlier than he can play in a sport.
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