That feeling when your "friends" spend over $1.5m dollars of YOUR money

As excited as I am about the imminent return of NFL football, I'm always heartbroken to see family and "friends" taking advantage of players: http://ftw.usatoday.com/2016/08/trent-richardson-money

Photo credit Matt Detrich of the Indianapolis Star, from http://www.indystar.com/story/sports/nfl/colts/2016/06/08/trent-richardson-has-designs-yellow-jacket/85626540/

This ties into the fact that there's an alarming lack of financial literacy in this country! If you don't watch your business and make a plan for what to do with your cash, you'll look up one day and wonder where it all went!

However, as the #3 overall pick in the 2012 NFL draft, Trent Richardson signed a rookie contract for over $20 million guaranteed, plus a $13.3 million signing bonus. So the lost $1.6 million shouldn't destroy his finances, as long as he didn't blow through the other $13 million that should be left after taxes.

A reminder that if you want to avoid being broke, you have to keep up the right mindset--whether you're an NFL player or a grad student!