Former NFL player Chad Johnson may not be one to fumble the bag.
“I done saved 80 [to] 83 percent of my salary,” Johnson explained.
He continued: “So, life is good because I was able to sustain and keep most of my wealth that I made while I was playing.”
A 2009 report released by Sports Illustrated stated “By the time they have been retired for two years, 78% of former NFL players have gone bankrupt or are under financial stress because of joblessness or divorce.”
Based on the aforementioned, the former wide receiver seems to have defied the odds by sticking to his frugal habits.
What’s more, during his first two years of playing for the Cincinnati Bengals, Johnson says he decided to live in a training facility.
Johnson was advised to consider purchasing a home or renting a condo. However, he felt that all of his necessities were already at his disposal.
“I stayed at the stadium for the first two years because I ain’t want to spend no money,” Johnson said during the podcast.
He continued: “Why you telling me go rent a house, go buy a house, go rent a condo when everything I need is right here in the facility at Paul Brown? Showers, cafeteria, TV, couch, gaming system — what’s the point?”
By his third year, he felt better positioned to move near the facility and secured a one-bedroom living space.
Although it appears Johnson’s finances are on lock, he recalls some regretful purchases that include several luxury cars.
“I done purchased at least everything. Bugatti, Ferrari, I did it all,” Johnson explained.
He continued: “I got to a point in my career and I wish people, athletes more so, if you can get to a point in your career where your name becomes bigger than anything you can purchase, there’s your value.”