Financial lessons for today's players

It is no doubt that athletes with plenty of money tend to sport bad habits when it comes to management.  You hear stories every day of a former sports legend now broke and in mounds of debt.  For Albert Haynesworth, he is not quite there but appears to be headed down that path.

Although Haynesworth will go no sympathy from fans for the current financial binds he is currently facing.  Although, supposedly stable after just receiving $21 million dollars from the Redskins in April, he has the potential to join that statistic.

Joe Gibbs has recently started partnering up with Strayer University* and is helping the Redskins by providing educational seminars for players on how to manage their money.  He talks about his own debt, which he suffered in the 1980’s, and how he fought to get out if it.

Mike Wise conducted an excellent interview, and it is worth the listen.

*For information on Strayer University and it’s curriculum offerings, please visit them at www.strayer.edu.

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