Business Tips: Why 80% of NFL Players Go Bankrupt

Business Tips: Why 80% of NFL Players Go Bankrupt

Awesome Tip: Why 80% of NFL Players Go Bankrupt



Did you know that 80% of NFL players go bankrupt?

Sounds hard to believe …

But so many athletes stay focused on their short term careers that they don’t think about their long term finances … and it leaves them vulnerable.

In this video, I talk about a few tips for athletes to leverage their personal brand for long term success.


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Gary Vaynerchuk is the chairman of VaynerX, a modern-day media and communications holding company and the active CEO of VaynerMedia, a full-service advertising agency servicing Fortune 100 clients across the company’s 4 locations.

In addition to VaynerMedia, VaynerX also includes Gallery Media Group, which houses women’s lifestyle brand PureWow and men’s lifestyle brand ONE37pm. In addition to running VaynerMedia, Gary also serves as a partner in the athlete representation agency VaynerSports, cannabis-focused branding and marketing agency Green Street and restaurant reservations app Resy.

Gary is a board/advisory member of Ad Council and Pencils of Promise, and is a longtime Well Member of Charity:Water.

Gary is a highly sought after public speaker, a 5-time New York Times bestselling author, as well as a prolific angel investor with early investments in companies such as Facebook, Twitter, Tumblr, Venmo, and Uber.

Gary is currently the subject of DailyVee, an online documentary series highlighting what it’s like to be a CEO and public figure in today’s digital world, as well the host of The GaryVee Audio Experience, a top 100 global podcast, and host of #AskGaryVee, a business and advice Q&A show which can be found on both YouTube and Facebook.

Gary also appeared as judge in Apple’s first original series “Planet of the Apps” alongside Gwyneth Paltrow, Jessica Alba and Will.i.am.

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44 Replies to “Business Tips: Why 80% of NFL Players Go Bankrupt”

  1. Happens a lot in contract or project based work. People get all excited showing off. The contracts runs out and they are broke. It's about financial management and budgeting skills. Aesop's fable of The Ant and the Grasshopper. You work and save in summer, so you don't starve in winter. We've all been there because it's human nature. Social status. Trying to impress people we don't even like. At least Gary's talking about so we can get over it.

  2. 5 foot 5 inch unhealthy dark eye bag having, skinny, never played a sport in his life, getting his skinny ass kicked by the football players in high school for being a short skinny faggot Russian Jew dwarf pussy bitch, i know who you are, youve always been the little midget skinny dwarf no sport playing little pussy who took all your hate against the All American 6 foot plus blonde blue eyed 250 pound plus athlete who got all the pussy lol

  3. Steven Bartlett + Gary Vee helped draw the confidence out of me to take my life into my own hands. They are the reason why I have follows the current ongoing trend of starting a YouTube channel and documenting ‘the journey’. Please have a watch of my first episode and let me know what you think! https://youtu.be/Zy12fvvuGPc

  4. Hey Gary,

    So, I’ve been watching your content for a while and I have a problem.

    I’m 15 years old and I live in the UK and my single mum isn’t making enough money to support my large family, I’ve tried getting jobs around my area and no one will take me because I’m too young.

    So, I was wondering if you had any advice on how I could earn a small amount of cash to help my family out without having to research every baseball card to buy and sell.

    Thanks for the read Gary.

  5. For those of you who haven't seen it, you should watch Gary's talk at the University of Alabama last summer (it's on youtube in full). It was excellent and had some nuggets that are unique/fresh relative to a lot of his daily content that you may find to be somewhat of a rehash.

  6. Firstly, resistance is quite strong and there has been rejection already like 3x but some positive signs still show anyways in my personal opinion, bitcoin if its able to break above $4,300 may quickly see us into the $6,000 range again. Nevertheless, crypto has shocked us in the past especially the last year with predictions of price that went completely wrong. I hope to see more proponents for trading which obviously has been a more secure consistent and profitable means of earning off crypto. It has also been proven over and over again that winning in Crypto currency (Bitcoin Trading) is a combination of experience and good strategy and you can always join the winning team of a more experienced trader with already working and proven strategy. One of the best remains Adrian Markus and with him, i have been successful in my trades at least 98% of the times and have realized over $60,000 in profit, December 2018 alone so i advice you forget predictions and start making good profit now because future valuations are all speculations and guesses. To reach Mr. Adrian you can send him an inquiry (ADRIANMARKUS48@gmailcom)and i am quite certain he will be willing to assist you in all crypto related matters

  7. i've always thought that winning the lotto was so financially awkward, you got some money in the short term, but you'll probably blow it and your ability to make money its the same as when you were broke.

  8. GarVee is the famous youtuuber .I took his advice and made videos .I like his channel bcz he is my favourate youtuber .I am going to release most of videos based on his advice . So plz support me to show his advice all over the world ….

  9. Pretty sad they go bankrupt too they put their bodies through hell for all that. Regardless the ones who did well with investments have done some interviews and it's interesting to see how they invested. The names I forget, but it's always worth a Google search.

  10. I love the comparison of flossing, Ice/watches/cars to getting a big office for an entrepreneur. That’s one of the best comparisons you’ve made I think because it is something I have struggled with myself. I do struggle with that slight “I want to prove everyone wrong” and the quickest way to do that (short term) is to buy a new car or an office and say “so blessed to have success…” but in reality, long term success means setting up my office in my apartment with my partner, and keeping the car I have and using that money for the business.

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